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Staff previews HCD conversation on using $2024 bonds; recommends $10 million for WNC affordable housing loan fund
Summary
Housing and Community Development staff told council July 24 the HCD committee will discuss program categories for the 2024 affordable housing bond and a proposal to allocate $10 million of bond funds to the Western North Carolina Affordable Housing Loan Fund, administered by Self-Help Credit Union. Staff also plans to propose an MOU naming the
City staff previewed July 24 the Housing and Community Development (HCD) committee’s upcoming discussion of proposed allocations for the 2024 affordable housing bond and a recommendation to join the Western North Carolina Affordable Housing Loan Fund, administered by Self-Help Credit Union.
Staff said the July 30 HCD meeting will begin initial bond-allocation discussions and that the August 19 committee meeting will review FY25…
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