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Asheville City Council to consider $530K loan for Homeward Bound on July 23

Beyond the city’s loan of more than $48,000 for each of the 11 affordable units in West Asheville, which will be deferred for 30 years and accrue no interest, Homeward Bound is also seeking roughly $280,000 in commercial loans and has received $89,153 in federal HOME funding administered by the Asheville Regional Housing Consortium.