December 12, 2023Asheville City Council
From the minutes, not yet reviewedWhat it does
Approves the Land Use Incentive Grant application for Catalyst Capital Partners / 115 Fairview Road with a per unit subsidy of up…
- Passed. Voted no: S. Antanette Mosley, Kim Roney, Sheneika Smith.
More from the minutes
- “He said that staff concurs with the Planning & Zoning Commission and recommends approval of the proposed conditional zoning.”
- “To this end, developer will notify HACA of the actual or pending availability of eligible units on a monthly basis.”
- “If no voucher holder is able to commence tenancy when an eligible unit becomes available, that unit may be leased as an affordable unit.”
Official title: Council approved the Land Use Incentive Grant application for Catalyst Capital Partners / 115 Fairview Road with a per unit subsidy of up to $80,000 and a total grant value of up to $4,560,000 over a period of 18 years, with an the amendment to the terms of the LUIG to coincide with updated conditions in the conditional zoning application for this same property
Carried 4–3
From the minutes: This motion was seconded by Councilwoman Ullman and carried on a 4-3 vote, with Councilwoman Mosley, Councilwoman Roney and Councilwoman Smith voting “no.”
Read the motion as recorded
“Councilwoman Turner moved to approve the Land Use Incentive Grant application for Catalyst Capital Partners / 115 Fairview Road with a per unit subsidy of up to $80,000 and a total grant value of up to $4,560,000 over a period of 18 years, with an the amendment to the terms of the LUIG to coincide with updated conditions in the conditional zoning application for this same property.”
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