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Buncombe County authorizes negotiations with Urban Atlantic for Ferry Road affordable housing project
Summary
County commissioners authorized the manager to negotiate a memorandum of understanding with developer Urban Atlantic to advance a mixed-income Ferry Road development that staff says would create about 645 housing units, more than half of which would be affordable.
The Buncombe County Board of Commissioners on June 17 authorized the county manager to enter into negotiations with Urban Atlantic to develop a memorandum of understanding for the Ferry Road housing project.
Evie Otterstall, a county staff member presenting the item, said staff issued a solicitation in May 2024, received two proposals and—after interviews this spring—are recommending Urban Atlantic as the development partner. "Urban Atlantic demonstrated alignment with…
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