Taft Mills Group AHSP Application Staff Report April 2026
Buncombe County AHSP Loan Request Evaluated for Alta Valley Trace
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Description
Alta Valley Trace’s financing proposal includes a $750,000 Affordable Housing Service Program loan from Buncombe County on a 20-year, 2% cashflow basis with a balloon principal payment. County staff indicated the project might be feasible without this funding under revised assumptions.
Contract Details
Contract Amount
$750,000
Vendor
BUNCOMBE COUNTY
Agency
Buncombe County, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 4, 2026
Contract Term
20 years at 2% interest, annual payment from cashflow with principal balloon
Renewal Info
Cashflow loan with balloon principal; no renewal terms indicated.
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