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Buncombe County reports $24.9 million in ARPA housing investments; 455 units expected
Summary
County staff briefed the housing committee on American Rescue Plan Act investments totaling about $50.7 million, with roughly $24.9 million directed to housing development, an estimated 455 units in development projects, and more than 1,570 households served by household-assistance programs to date.
Buncombe County housing staff told the Housing Committee that roughly $24.9 million of the county's approximately $50.7 million in American Rescue Plan Act (ARPA) funds have been allocated to housing-related projects, with an estimated 455 new affordable housing units planned across several developments.
The funding update came from Tyler Henry, strategic partnerships staff, who said affordable housing ranked highest in public input sessions when the county decided how to use ARPA funds. “Out of all the housing related ARPA investments, there's 24.9 out of that 50,700,000.0, so approximately 49% of all of our funds are in housing related projects,” Henry said.
Why it matters: ARPA funds are flexible federal dollars. Nearly half directed to housing signals a sustained local emphasis on development, household assistance and homelessness response following storm…
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