In November, Asheville citizens will vote on an $80 million bond package to support affordable housing, parks and recreation, transportation and public safety facilities.
With help from the National Association of Realtors, LOTSAR is contributing $16,500 to the Asheville Area Chamber of Commerce’s drive to build support for the initiative.
“This is an extremely important ballot item, because we badly need more funding for infrastructure as Asheville continues to grow,” said Nick Hinton, LOTSAR’s 2024 President.
In particular, we are excited about the positive impacts the funding would provide for affordable housing and transportation.
In affordable housing, funding would support:
· Investments in the Housing Trust Fund to create diverse and affordable housing options;
· Support for homeownership through grants and down payment assistance;
· Redevelopment of City-owned land for affordable housing.
In transportation, funding would support:
· Road resurfacing, sidewalk improvements, and pedestrian safety enhancements;
· Implementation of improvements from the City’s GAP Plan, designed to improve greenways, ADA accessibility, and pedestrian networks.
LOTSAR’s David West and Matt Allen attended a launch event for the Chamber’s initiative on September 12, along with Hinton and Tommy Seijo, who chairs LOTSAR’s affordable housing committee.
“This is the type of initiative that fits well with our mission,” Allen said. “We need to make sure that our facilities keep up with residents’ needs, and to help make sure Asheville is a place where people can afford to buy a home.” For more information about the bond issue, visit yes4avlbonds.com.
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