November 15, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Cancels the $1 million Housing Trust Fund loan previously awarded to Beaucatcher Vista LLC.
- Passed with the routine items, in one vote, without discussion.
- The money, in the minutes' words: “Action Requested: Adoption of a resolution to rescind the Housing Trust Fund award of $1,000,000 approved for Beaucatcher Vista LLC. Background: 11-15-22 Page 10”
More from the minutes
- “The award was to develop forty affordable rental homes at 2 Restaurant Court (now addressed as 16 Restaurant Court).”
- “Mountain Housing Opportunities currently has the 16 Restaurant Court property under contract and intends to close on the property before the end of October 2022, for the purpose of constructing multi-family affordable housing.”
Official title: Resolution to rescind the $1 million Housing Trust Fund loan previously awarded to Beaucatcher Vista LLC
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. 22-246 - RESOLUTION TO RESCIND THE $1 MILLION HOUSING TRUST FUND LOAN PREVIOUSLY AWARDED TO BEAUCATCHER VISTA LLC”
Open the minutesConsent agenda, item I