News Summary
The Buncombe County Board of Commissioners has voted unanimously to negotiate with Harmony Housing for the development of 206 affordable housing units in downtown Asheville. This project aims to provide much-needed housing options across various income levels, including specific units for extremely low-income residents. The proposal reflects the county’s commitment to addressing housing shortages and improving community living conditions.
Exciting News for Asheville: Affordable Housing Development Approached!
Asheville is buzzing with excitement after the Buncombe County Board of Commissioners made a big decision regarding the future of affordable housing in the city. On March 18, they voted 7-0 in favor of negotiating with Harmony Housing, a Raleigh-based company, for the development of 206 affordable housing units right in downtown Asheville.
The Location Paves the Way
The new housing units will be built on county-owned properties situated at 50-52 Coxe Ave. This prime location is sure to offer residents not just homes, but a vibrant community atmosphere. Discussions about converting these properties into affordable housing started as early as 2023, showing that the county is eager to tackle the growing need for affordable living options. Last summer, a wave of proposals flooded in, with the county receiving a total of nine from various developers, all vying for the chance to take part in this transformative project.
Why Harmony Housing?
So, what led to Harmony Housing being the chosen developer? They stood out from the crowd by focusing on maximizing the number of multifamily units, and incorporating essential features like parking and commercial spaces, making them a solid fit for the downtown area. The proposal not only aims to provide high-quality housing but also includes community-driven elements, promising a well-rounded living experience for future residents.
A Mix of Income Levels
Among the 206 proposed units, there’s a plan to provide a variety of living arrangements, featuring one, two, or even three-bedroom options. Here’s the icing on the cake: eight units will be specifically set aside for extremely low-income residents. Those earning at or below 20% of the area median income (AMI) – which translates to about $13,087 or less for an individual – will have access to these essential homes. Additionally, forty-one units will cater to those earning up to 80% AMI, or about $52,350 for an individual. And for many, the highlight is that a whopping 110 units will be allocated to households earning 60% AMI. With these plans, many in the community may soon find much-needed relief from the housing crisis.
A Project Born from Determination
The projected budget for this endeavor sits at approximately $74.5 million. This bold investment in the community showcases a dedicated push to resolve Asheville’s housing challenges. The county aims to produce at least 1,500 affordable rental units by 2030, underscoring their commitment to addressing the current housing shortage.
More Opportunities on the Horizon
But wait, there’s more! Buncombe County is exploring additional county-owned locations to create even more affordable housing opportunities. Sites under consideration include 30-80 Valley St., 180 Erwin Hills Road, and a large-scale 645-unit development on Ferry Road. Each of these locations has the potential to further contribute to the county’s goal of creating accessible housing for all residents.
A Partnership for a Better Tomorrow
As the next steps unfold, the county will negotiate with Harmony Housing to establish clear responsibilities, milestones, and a start date for the project. Alongside this, the county is actively reviewing a draft action plan concerning the use of $1.4 billion in federal Community Development Block Grant funds aimed at housing recovery and resilience after Tropical Storm Helene.
The developments ahead in Asheville are certainly something to look forward to, as the county’s commitment to affordable housing takes a firm step forward. With the wheels in motion, the community can definitely expect a brighter and more inclusive future for everyone looking to call Asheville home.
Deeper Dive: News & Info About This Topic
HERE Resources
Asheville’s Code Purple Initiative Aims to Protect the Homeless
Asheville’s Streetscape Project Enhances Coxe Avenue Safety
Asheville Mourns Loss of Beloved Community Leader Lady Gloria
Asheville City Council Approves Business Improvement District
Asheville Hosts Benefit Concert for Hurricane Helene Relief
Asheville Launches $225 Million Recovery Plan for Community
Asheville Activates Code Purple for Emergency Shelters
Affordable Housing Development Launches in Asheville
Asheville Prepares for Community Meetings on Recovery Plans
Asheville Declares Code Purple for Homeless Amid Cold Snap
Additional Resources
- WLOS: Harmony Housing to Build 206 Affordable Units
- ABC45: Affordable Housing Units in Asheville
- WLOS: Asheville Unveils Affordable Housing Plan
- Wikipedia: Affordable Housing
- Google Search: affordable housing asheville
