October 22, 2024Asheville City Council
From the minutes, not yet reviewedWhat it does
Authorizes the allocation of $1 million in Affordable Housing CIP funds to support Helene Recovery in the form…
- Passed. Everyone present voted yes.
- The money, in the minutes' words: “On April 25, 2023, City Council approved an additional $1,035,000 from the Housing Trust Fund to fill an additional funding gap for a total of $2,500,000 (Resolution 23-92). 10-22-24 Page 19”
More from the minutes
- “The project, which included 82 apartments, was approved for a Low-Income Housing Tax Credit (LIHTC).”
- “These funds will follow statutory requirements for affordable housing bonds.”
- “Quality Affordable Housing”
Official title: Council adopted a resolution authorizing the allocation of $1 million in Affordable Housing CIP funds to support Helene Recovery in the form of Home Repair assistance, Rental Assistance, and the respective associated administrative expenses
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Mosley and carried unanimously.
Read the motion as recorded
“Councilwoman Turner moved to adopt a resolution authorizing the allocation of $1 million in Affordable Housing CIP funds to support Helene Recovery in the form of Home Repair assistance, Rental Assistance, and the respective associated administrative expenses.”
Open the minutesMotion text in the minutes