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Council awards $250,000 from 2016 bond funds to Asheville Buncombe Community Land Trust for two permanently affordable homes
Summary
The council unanimously approved a $250,000 grant to the Asheville Buncombe Community Land Trust to help acquire and sell two homes at permanently affordable prices to households at or below 80% AMI, citing preservation of legacy neighborhoods and anti‑displacement goals.
The Asheville City Council unanimously approved a $250,000 grant June 24 to the Asheville Buncombe Community Land Trust (ABCLT) to assist the purchase and resale of two homes — 32 Grama Street and 32 Olive Street — as permanently affordable homeownership units restricted to households at or below 80% of Area Median Income (AMI).
Sasha Burtynsky of the Community and Economic Development Department presented the request and explained that the $250,000 would come from 2016 bond funds allocated for affordable housing. Burtynsky said the land trust is the region’s only community land trust and described the CLT…
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