Dear Developer:
Buncombe County Commissioners have identified affordable housing as a priority and are excited to fund the Affordable Housing Services Program again this year. The following eligibility requirements have been established to better serve the need in our community:
• The maximum price for a housing unit is now $160,000;
• The maximum amount that can be spent per unit is $25,000;
• The maximum amount that can be awarded for downpayment assistance is $15,000 per unit.
The programs that are eligible with this program are downpayment assistance programs; new construction loans for single-family units; rehabilitation of multi-family residential units for rent or sale; and conversion of existing non-residential structures for housing for rent or sale. Housing opportunities created with these funds must benefit households within the 80% are median income.
The deadline for submission of the application is July 31, 2009. Applications can be submitted via email, by mail or by hand. If you have questions concerning the program, please feel free to contact me and I will assist you. If you would like to have a copy mailed to you please contact our office at 828-250-4830. You can access this application n the web in either Word or Adobe PDF format at:
http://www.buncombecounty.org/common/planning/affordableHousingApp.pdf
Sincerely,
Donna Cottrell
Buncombe County Planning Department
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