General Obligation Bonds Oversight Committee | July 29, 2026

The Buncombe County General Obligation Bonds Oversight Committee met on July 29, 2026, to review updates on bond-funded projects and financial status. Key procurement-related discussions included the full allocation of the $40 million affordable housing bond and $22.66 million allocated from the $30 million open space bond to various projects. Two affordable housing projects, Cox Avenue and Ferry Road, have entered contract with loan agreements executed. The committee reviewed project budgets, expenditures, and progress, noting that some projects are in construction while others await contract finalization. The open space bond projects included land acquisitions such as Deeper B Mountain and conservation easements, with some projects still in the approval or closing phases. Finance updates highlighted recent bond issuances totaling $29 million for affordable housing and $17.6 million for open space, with remaining authorized debt to be issued. The committee also discussed the upcoming 2026 bond referendum, which will seek voter approval for new bond authorizations similar in scope to the 2022 bonds. No new contracts or vendor selections were announced, but the meeting emphasized ongoing contract management, budget tracking, and the strategic timing of bond debt issuance.