Use millions in disaster recovery grant money to build hundreds of new, affordable rental units, or use it to repair existing homes?

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The availability of as much as $88 million in federal affordable-housing grant funds from the city of Asheville and the state has sparked a stunning surge in development interest, and, housing advocates say, created a rare opportunity for the region to address its crushing need for subsidized rental units.

“I’m sure it’s unprecedented,” said Susan Bean, housing and transportation director for the MountainTrue nonprofit…

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