Asheville Apartments Coming to 37 Long Shoals at Affordable Prices

Asheville – A new development on Long Shoals Drive off the northern shores of Julian Lake in Arden, providing affordable housing units in exchange for a $1.5 million city support, with 37 affordable apartments planned for an 186-unit development.

“They’re building where affordable housing isn’t usually built,” said Sasha Vertunsky, the city’s new affordable housing official. “The income is a little bit higher here, so it’s a great location to get more mixed income.”

Located at 221 Long Shoals Road, the 5.36-acre plot will include 186 apartments and community space in three apartment buildings, just south of Valley Springs Middle and Charles T. Koontz Middle Schools.

The grant application was considered on June 21 by the Housing and Community Development Committee, made up of three council members, Deputy Mayors Shenica Smith, Sage Turner and Anantette Mosley.

The property's entrance to a proposed project called 221 Long Shoals Road, just north of Lake Julian and south of two schools in Buncombe County.  The developers want to build 186 apartments there as per the plans submitted for the city of Asheville.

The committee unanimously approved the Land Use Incentive Grant, a city property tax relief program for affordable housing. Final approval rests with the Asheville City Council, which will discuss both LUIGI’s application and conditional zoning approval for the project at its July 26 meeting.

The Planning and Zoning Committee will review the conditional zoning on July 6.

Aerial view of the lot where 186 units are proposed to be developed for 221 Long Shoals Road.  Of the units, 20% or 37 units, will be affordable for 20 years.

Previous coverage: More apartments in Long Shoals: 186 units planned south of Middle and Middle Schools

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Of the 186 apartments, 20% or 37 affordable housing units will be granted for 20 years with an average income of 80% or less.

Asheville lists 80% of AMI as $42,100 for a family of one, and up to $60,100 for a family of four.

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