February 13, 2024Asheville City Council
From the minutes, not yet reviewedCouncil rescinds a previously approved $1.2 million Housing Trust Fund loan allocation for the pineview pineview condominium project.
Council voted to rescind a previously approved $1.2 million Housing Trust Fund loan allocation for the pineview pineview condominium project. It also reallocates funding to the Housing Trust Fund balance.
- Passed with the routine items, in one vote, without discussion.
- The money, in the minutes' words: “Action Requested: Adoption of a resolution to rescind prior approval of a $1,200,000 Housing Trust Fund loan for the Bryson Investment Group LLC’s Pineview Place Condominiums development. 2-13-24 Page 7 Background:”
What that means
- Consent agenda:
- Routine items Council approves together in one vote, without discussion. Any member can pull an item out for its own vote.
More from the minutes
- “The award was to develop twelve affordable for-sale condominium homes at Arline Henry Way, PIN 9638-52-5112.”
- “The owners have since subdivided the property into three parcels and have been permitted for two single-family homes.”
- “These units are currently under construction.”
Official title: Resolution to rescind a previously approved $1.2 million Housing Trust Fund loan allocation for the pineview pineview condominium project and reallocate funding to the Housing Trust Fund balance
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Smith and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 24-33 - RESOLUTION TO RESCIND A PREVIOUSLY APPROVED $1.2 MILLION HOUSING TRUST FUND LOAN ALLOCATION FOR THE PINEVIEW PINEVIEW CONDOMINIUM PROJECT AND REALLOCATE FUNDING TO THE HOUSING TRUST FUND BALANCE”
Open the minutesConsent agenda, item F