Housing and Community Development Committee – September 15, 2026

The City of Asheville's Housing and Community Development Committee convened on September 15, 2026, to discuss several key procurement and funding matters related to community development and affordable housing. A significant portion of the meeting focused on the Eagle Market Street Development Corporation loan refinance, where the city collaborated with partners including Partner Community Capital and Dogwood Health Trust to restructure loans and preserve the commercial space asset. The committee also reviewed fiscal year 2026 reports on HOME and CDBG programs, highlighting over $7.7 million in investments across rental construction, homeownership assistance, tenant-based rental assistance, and housing rehabilitation projects. Upcoming application cycles for HOME and CDBG funding were outlined, with emphasis on new construction, supportive services, and homeowner rehabilitation. The committee discussed audit findings related to program monitoring and reporting, noting corrective actions and HUD's approval of plans to address these issues. Additionally, the committee explored strategic considerations for CDBG program allocations, including balancing anti-displacement efforts with potential economic development activities and onboarding new community partners while managing risk and timeliness requirements. Finally, the meeting included a presentation on RS2 zoning district constraints and potential housing development strategies, with plans to refer further discussion to the Planning and Zoning Commission. No formal votes on procurement were recorded, but the meeting involved critical updates and planning for future funding and development initiatives.