Council members will consider approving multiple incentives for projects at 11 Collier Avenue and 2 Restaurant Court. The first would receive a Land Use Incentive Grant of more than $383,000, while the second would get a LUIG of more than $289,000, as well as a $1 million loan from the city’s Housing Trust Fund.
On Friday, Sept. 6, said Council member Julie Mayfield, the city will hold an affordable housing work session to explore options such as tiny homes and housing voucher acceptance for long-term rentals. Mayfield also announced that Council plans to discuss whether the city should temporarily ban new hotels in the city during its Planning and Economic Development Committee meeting on Thursday, Aug. 29.
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.
The $1.4 million program, unanimously approved by Council members at their Feb. 26 meeting, offers no-interest loans of up to $40,000 for low- and moderate-income borrowers to make down payments on single-family residences within Asheville city limits.
Council looks at restructuring the Housing Trust Fund, URTV and its own invocations.
Tourism is vital to Asheville, which is why pressing issues such as graffiti, vandalism, filth, panhandling, predatory towing and other problems will be addressed in a report by local tourism officials and city staff when Council meets for its Oct. 21 work session.