Asheville City Council approves $1 9 million tax grant for second microhousing development wfae.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfae.org Daily Mail and Mail on Sunday newspapers.
Asheville City Council approves $1 9 million tax grant for second microhousing development whqr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whqr.org Daily Mail and Mail on Sunday newspapers.
In exchange, owners agree to set at least 20% of their rents at government affordability rates.
Half of those affordable rentals would go to people making 80% of the area median income. Currently that is $42,000 for a single person or $54,100 for a family of three. The rents, without utilities, could be a maximum of $884 for a studio or efficiency apartment and $1,132 for a two-bedroom. Those amounts can change with adjustments in the area median income, but they cannot exceed the 80% affordability level for 20 years.
For the other half, landlords must make good faith efforts to rent to people using Housing Choice Vouchers. At 60% of the area median income, a single voucher user makes no more than $31,575 annually and a family of three no more than $40,575.
Asheville NC to pay landlords to lower rents citizen-times.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citizen-times.com Daily Mail and Mail on Sunday newspapers.