Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee reviews proposed Affordable Housing Service Program guideline changes and available funds
Summary
Staff proposed administrative changes to the Affordable Housing Service Program guidelines, including reimbursement rules, loan structure options (recourse/nonrecourse), advance payments for capacity-building applicants, eligible applicant clarifications, and a small pool of available AHSP funds.
Buncombe County staff presented proposed administrative updates to the Affordable Housing Service Program (AHSP) guidelines and an accounting of currently available AHSP funds.
Jonathan Jones, staff member, walked the subcommittee through recommended clarifications and new language intended to reduce applicant confusion and align the program with development financing realities. Jones said the AHSP will continue to operate on a reimbursement basis and that staff added language to clarify that applicants cannot combine awards from multiple years to exceed a program maximum. He said applicants may request advance payments in specific cases where…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
