February 24, 2026Asheville City Council
From the minutes, not yet reviewedCouncil approves, after the fact, the execution of all necessary documents with the Housing Assistance Corporation to provide HOME funding.
Council voted to approve, after the fact, the execution of all necessary documents with the Housing Assistance Corporation to provide HOME funding for the development of Apple Ridge affordable rental Housing construction project. It also approves the City Manager to execute any and all documents necessary to give effect to this Resolution.
- Passed with the routine items, in one vote, without discussion.
- What the City says it's for: “The award is structured as a loan, which will generate program income over time that can be used for other projects.”
- The money, in the minutes' words: “Action Requested: Authorize the City Manager to ratify a HOME loan agreement with the Housing Assistance Corporation DBA Apple Ridge, LLC for the full amount of $940,000 , and authorize the City Manager to execute any and all documents necessary to give effect to this resolution.”
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.
- After the fact:
- Council approves something the City already did. This often happens in an emergency, when there's no time to wait for a meeting.
More from the minutes
- “HOME funds support affordable housing activities within the four-county Consortium region, including Buncombe, Madison, Transylvania, and Henderson counties.”
- “Pro(s): Funding supports the construction of affordable rental housing in the Asheville Regional Housing Consortium service area.”
Official title: Resolution ratifying the execution of all necessary documents with the Housing Assistance Corporation to provide HOME funding for the development of Apple Ridge affordable rental Housing construction project; and authorize the City Manager to execute any and all documents necessary to give effect to this Resolution
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 26-22 - RESOLUTION RATIFYING THE EXECUTION OF ALL NECESSARY DOCUMENTS WITH THE HOUSING ASSISTANCE CORPORATION TO PROVIDE HOME FUNDING FOR THE DEVELOPMENT OF APPLE RIDGE AFFORDABLE RENTAL HOUSING CONSTRUCTION PROJECT; AND AUTHORIZE THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO GIVE EFFECT TO THIS RESOLUTION”
Open the minutesConsent agenda, item B