City Manager Debra Campbell called the Feb. 12 capital budget briefing “food for thought” as she encouraged Council members to focus and prioritize their objectives. “This is why we’re presenting this information,” she said. “We’ve got some tough decisions that we need to make over the next several years.”
The Down Payment Assistance Policy could provide $1.4 million, in no-interest loans of up to $40,000 each, toward mortgages on single-family residences within Asheville city limits. The policy is meant to promote homeownership opportunities among “moderate- and lower-income families” making up to 120 percent of the area median income.