Asheville City Council Approves $10 Million Allocation from Affordable Housing Bond to WNC Affordable Housing Loan Fund

This allocation reflects the City of Asheville Council vision to increase the supply of affordable housing within Asheville’s city limits. The $10 million allocation is the first step in deploying the $20 million approved by voters in the 2024 Affordable Housing Bond in November, 2024.The funds will be administered by Self Help Ventures Fund through a loan agreement that includes underwriting, servicing, and loan administration duties. Self Help Ventures Fund will leverage City funds to enable a