Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County staff outline funding gaps for Cox Avenue and Ferry Road affordable housing projects
Summary
Community Development staff told commissioners Cox Avenue (203 units) and Ferry Road (200 family + 70 senior units) are moving through city review while county commitments total roughly $9.8M (Cox) and $5M (Ferry); funding gaps of about $17.1M (Cox) and $16.5M (Ferry) remain pending LIHTC and CDBG-DR awards.
Community Development staff updated the Board on two large affordable housing proposals—Cox Avenue and Ferry Road—saying both projects are 100% affordable and are advancing through the City of Asheville’s review processes while multiple funding sources are being pursued.
Matt Card said Cox Avenue (203 units at 80% AMI or less) operates under a memorandum of understanding with development partner Harmony Housing, has passed the City’s Technical Review Committee and is scheduled for Design Review and then Planning & Zoning, with City Council review expected in late…
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
