January 13, 2026Asheville City Council
From the minutes, not yet reviewedWhat it does
Resolution ratifying a HOME Subrecipient agreement with Commonwealth Development Corporation (d/b/a Fairhaven Meadows LLC) for the development of the affordable Housing project known…
- Passed with the routine items, in one vote, without discussion.
- Who it's for: Households earning up to 70% of the area median income: up to $71,680 a year for a family of four, or $50,190 for one person (HUD's 2026 income limits for tax-credit housing in the Asheville area).
- The money, in the minutes' words: “Action Requested: Adoption of a resolution to ratify a HOME Subrecipient agreement with Commonwealth Development Corporation (dba Fairhaven Meadows LLC) for the development of the affordable housing project known as Fairhaven Meadows in the amount of $1,305,000.”
More from the minutes
- “The City of Asheville is the participating jurisdiction (PJ) for the Asheville Regional Housing Consortium (ARHC) and allocates federal HOME funds across the four-county consortium footprint to support affordable housing.”
- “Located in Brevard, the Fairhaven Meadows project provides 42 units for families at 40-70% AMI (area median income) and has received HOME funding to support the project.”
- “Funding supports the construction of affordable rental housing in the Asheville Regional Housing Consortium service area.”
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Vice-Mayor Mosley and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 26-4 - RESOLUTION RATIFYING A HOME SUBRECIPIENT AGREEMENT WITH COMMONWEALTH DEVELOPMENT CORPORATION (D/B/A FAIRHAVEN MEADOWS LLC) FOR THE DEVELOPMENT OF THE AFFORDABLE HOUSING PROJECT KNOWN AS FAIRHAVEN MEADOWS”
Open the minutesConsent agenda, item E