Skip to main content
BY THE RECORDASHEVILLE

HousingFrom the minutes, not yet reviewed

Council adopted the revised Housing Trust Fund Policy

December 12, 2023Asheville City Council

From the minutes, not yet reviewed

What it does

Adopts the revised Housing Trust Fund Policy.

  • Passed. Everyone present voted yes.
More from the minutes
  • “Allow offsite infrastructure improvements only if shown that they only benefit the affordable development.”
  • “Agree with AHAC’s recommendation Adds clarity to the policy Loan Terms No recommendation Changing maximum loan amount from 10% of Total Development Cost to 10% of total development cost per affordable unit.”
  • “No change for 100% affordable projects, but reduces loans for mixed-income developments.”

Official title: Council adopted the revised Housing Trust Fund Policy

Carried unanimously

From the minutes: This motion was seconded by Councilwoman Roney and carried unanimously.

Moved bySheneika SmithSeconded byKim Roney
Read the motion as recorded

“Councilwoman Smith moved to adopt the revised Housing Trust Fund Policy.”

Open the minutesMotion text in the minutes

Watch the meeting

From the City of Asheville's YouTube channel. Nothing loads from YouTube until you press play.Open on YouTube