ASHEVILLE, N.C. (WLOS) — On Tuesday, June 9, the Asheville City Council approved $9.5 million in federal Community Development Block Grant-Disaster Recovery (CDBG-DR) funding to advance a new affordable housing development.
According to a news release, the $9.5 million will help advance the Terrace at River Hills affordable housing development that will add 126 affordable rental housing units.
The city says that the funding was awarded through the CDBG-DR Affordable Multi-Family Housing Construction Program to support developments that will provide long-term affordability and help address housing challenges that Helene worsened…