Asheville Housing Authority Resolutions May 2026
Asheville Housing Authority OKs Apex on Hazel Mill MOU
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Description
The Housing Authority of the City of Asheville approved a Memorandum of Understanding with Blue Ridge Atlantic Development LLC d/b/a Blue Ridge Cascade to jointly develop the 89-unit Apex on Hazel Mill affordable housing project. The non-binding MOU outlines roles, financing using 4% LIHTCs and tax-exempt bonds, voucher commitments, and ownership structure through April 30, 2027 or until definitive agreements are executed.
Contract Details
Vendor
BLUE RIDGE ATLANTIC DEVELOPMENT LLC DBA BLUE RIDGE CASCADE
Agency
Housing Authority of the city of Asheville, NC
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 11, 2026
Contract Term
May 11, 2026 through earlier of execution of Transaction Documents or April 30, 2027
Renewal Date
2027-04-30
Renewal Info
MOU term runs until superseded by Transaction Documents or April 30, 2027; future definitive agreements are anticipated to govern ongoing obligations, ownership, and fees.
More from BLUE RIDGE ATLANTIC DEVELOPMENT LLC DBA BLUE RIDGE CASCADE
Related Contracts
Issuing Agency
Housing Authority of the city of Asheville
Local Housing Authority
Asheville, NC
More from Housing Authority of the city of Asheville
Asheville Housing Authority Resolutions May 2026
Asheville Housing Authority Board of Commissioners Meeting Executive Report April 2026
Asheville Housing Authority Board of Commissioners Meeting Executive Report April 2026
Asheville Housing Authority Board of Commissioners Meeting Executive Report April 2026
Asheville Housing Authority Resolution 2026-13 50 Coxe Avenue Inducement
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