Taft Mills Group AHSP Application Staff Report April 2026
Staff Decline to Recommend AHSP Loan to Taft-Mills Group
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Description
Buncombe County staff reviewed a $750,000 AHSP loan request from Taft-Mills Group, LLC to support construction of the 120-unit Alta Valley Trace affordable housing project. Staff concluded they could not recommend a loan award at this stage, citing alternative financing assumptions that could complete the project without AHSP funds.
Contract Details
Contract Amount
$750,000
Vendor
TAFT-MILLS GROUP LLC
Agency
Buncombe County, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 4, 2026
Contract Term
20-year term at 2.00% interest, annual payment from cashflow with principal balloon
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