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Council previewed $250,000 grant for land trust purchase; members split on high rehab costs for East End house
Summary
Staff recommended a $250,000 grant to the Asheville Buncombe Community Land Trust (ABC LT) to acquire two homes for permanent affordable ownership; committee vote was 2-1 and some councilors said the renovation math for one East End house gave them pause.
City staff told council June 18 they will bring a recommendation at the June 24 business meeting to approve a $250,000 grant to the Asheville Buncombe Community Land Trust to acquire two homes — one in Southside and one in the East End — to preserve them as permanently affordable homeownership opportunities.
The HCD (Housing & Community Development) committee recommended the grant by a 2-1 vote. Staff said one of the two homes was purchased and substantially renovated by the Preservation…
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