Locunity/Asheville, NC·Other
Regional body overseeing federal housing and community development funding. Consists of contiguous units of general local governments that come together to qualify for a direct allocation of HOME funds from the US Department of Housing and Urban Development (HUD). The consortium region consists of the City of Asheville, Buncombe County, Henderson County, Transylvania County, and Madison County, with the City of Asheville serving as the lead entity (Participating Jurisdiction).
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Recent updates from Governing Board
The city's single audit found no monitoring plan for HOME subrecipients in 2024-25. A HUD-accepted corrective plan is underway, and HOME faces a mandatory re-audit.
Why it matters: Findings on federal housing funds trigger repeat audits and HUD scrutiny. The chair said the city's audit findings have historically been HUD-related.
Staff will open 2026 HOME applications in November for about $1 million, to be awarded once with no future top-offs, timed to NC tax credit cycles.
Why it matters: A conditional consortium award can strengthen a developer's NC Housing Finance Agency tax credit bid. Ending top-offs changes how applicants must budget.
Every member government signed the amended joint cooperation agreement. Staff will submit it to HUD by June 30 so both towns become voting members July 1.
Why it matters: The historic partners were never formalized with HUD and were excluded this fiscal year. Formal membership restores their access to regional HOME decisions.
The consortium's HOME-ARP rental construction application closes this Friday. A returning review committee will recommend awards at a special virtual meeting on July 15.
Why it matters: The long-delayed pandemic-era HOME money targets people who are homeless, at risk of homelessness, or fleeing domestic violence. Projects will need deeper subsidies and supportive-service plans.
The Housing Assistance Corporation's Apple Ridge project in Henderson County closed in February and broke ground with $940,000 in consortium HOME funds.
Why it matters: The project needed a $300,000 increase over its original $600,000 award to break ground, a gap-filling pattern the consortium now says it will not repeat.
Staff reported 2023 HOME projects are nearing completion and three 2025 subrecipients will sign contracts in May, while others wait until the new fiscal year.
Why it matters: Timely spending is a recurring HUD concern. Staff explained that federal rules allow 6 years from allocation, and it is giving partners 2-year contracts to stay compliant.
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