ASHEVILLE, N.C. (828newsNOW) — The Buncombe County Affordable Housing Subcommittee on Tuesday reviewed six proposed housing developments seeking funding through the county’s Affordable Housing Services Program, with staff outlining financing gaps and recommending limited or no support for several projects.
The special meeting, held March 31 at 30 Valley St., focused on new construction applications submitted earlier this year. County staff said the proposals collectively request more than $8.6 million in funding and would create a total of 655 housing units, most within Asheville city limits and one in Candler.
Staff told the subcommittee that 11 applications were originally submitted for the construction loan program, but five were withdrawn because of eligibility issues, incomplete materials or the need for further planning…