“With the status quo untouched, the undeserving are to be driven out, and property speculators large and small allowed to run riot before moving on to their next victim, leaving our city a smoldering wreck in their rear-view mirrors.”
At its June 13 meeting, Asheville City Council adopted its 2017-18 fiscal year budget, which sets a property tax rate of 42.89 cents per $100 of taxable property value and includes funding for 15 new police officers to create a dedicated downtown police unit, as well as $630,000 for expanding the city’s transit system.
The second in a three-part series on innovative models for promoting affordable homeownership sponsored by the city of Asheville focused on housing cooperatives. The May 4 education and information event provided perspectives from national experts as well as representatives of the Dulce Lomita Mobile Home Cooperative in Asheville.
The Buncombe County Board of Commissioners approved an economic incentive package and struggled with a rezoning request that highlighted zoning’s gray areas.
Recently, members of Artspace, a Minnesota-based property development, assent management and consulting organization, visited to Asheville to explore the possibility of an affordable housing project geared toward local artists.
While 2016 statistics show increasing availability in the area’s rental housing market, Asheville renters say their choices remain limited and prices steep. Several city initiatives — including a $25 million affordable housing bond referendum approved by voters in November — aim to bolster the supply of affordable housing, while some private-sector players are pursuing similar goals.
At City Council’s first budget work session since city voters approved a $74 million bond referendum, elected officials considered how to move forward on planning for the use of the funds. In one key decision, Council members agreed to assess three properties for potential city-led affordable housing development.
“As a trailer dweller, I still have one big reason to be hopeful about Trump, which is that he will use the presidency to leverage zoning variances to build millions of high-rise apartments in liberal elite places like Montford, thus making the neighboring houses affordable to white workers like me; though to do that he will have to resist the blind trust.”
Third-quarter data released by two real estate research firms show an improving environment for Asheville metro area renters.
Third-quarter data released by two real estate research firms show an improving environment for Asheville metro area renters. After a late 2014 report showed a rental vacancy rate of less than 1 percent in Asheville and Buncombe County, local officials and renters have frequently described the area’s shortage of affordable housing as a crisis.
Asheville’s housing affordability crisis has received a lot of attention, but solving the problem demands a wide range of solutions. One set of initiatives is looking at ways private real estate investors focused on building smaller, more affordable homes to ease the housing crunch.
City Council postponed a decision on Pritchard Park improvements, approved affordable housing grants of over $500,000 for a controversial South Asheville apartment complex, retained the city’s existing ban on homestays in accessory dwelling units and pitched in to support a planning collaboration that aims to expand access to preschool to all children in Buncombe County.
The Carolinas Real Estate Investors Association will host a panel discussion on innovative models for increasing the supply of affordable housing on Monday, Nov. 14 from 6:30-9 p.m. The public is invited to attend.
“Perhaps it could be delayed and neglected for what some might claim to be sound reasons, but ultimately assets, infrastructure and development have to keep pace with growth.”
“These bonds will provide funding to build new homes and apartments all around the city that families can afford, as well as the infrastructure to connect neighborhoods to schools, work, grocery stores and parks — all at minimum risk for city residents.”
City staff were called to account for a communication failure that led to the removal of mature fruit trees at George Washington Carver Edible Park last month. City Council approved a land use incentive grant for affordable housing on Simpson Street, amended the process for requesting a variance from the city’s signage ordinance and approved modest changes to the rules that govern downtown street performances.
“Our existing affordable housing policy or any variation on it is bound to fail and waste borrowed money.”