Development News for Asheville, North Carolina

Housing Recovery Board Votes Against Reallocating Funds from Multi-Family to Single-Family Repair Program

The Housing Recovery Board discussed and voted on a proposed reallocation of Community Development Block Grant Disaster Recovery (CDBG-DR) funds. Initially, $3 million was allocated to the single-family rehab and reconstruction program, and $28 million to the affordable multi-family program. Staff proposed reallocating $9.2 million from the multi-family construction program and $10 million from the infrastructure program to the single-family program, increasing its total to $22.2 million. This reallocation was intended to address the outsized need for single-family home repair. The board ultimately voted against recommending this reallocation, citing concerns about the impact on multi-family housing development and the need for more clarity on the use of funds by the state's RenewNC program. A secondary motion was passed recommending city staff pursue all avenues to secure state CDBG-DR housing recovery funds for Asheville households.