Affordable Housing Initiatives in Asheville

Written by Zachery Adam

September 9, 2019

Affordable Initiatives

There is no doubt, Asheville is facing an affordable housing crisis. This is punctuated by the seemingly constant stream of hotels being built downtown and the massive numbers of vacation rentals available. But the city of Asheville is working on several affordable initiatives – housing. What are they and how can they benefit those looking to buy homes in the area? Let’s take a closer look.  

Affordable Developments 

Many people are growing increasingly concerned that Asheville is running out of affordable options for residents. This can impact so many people, including artists and service industry workers, who find it necessary to move farther outside of Asheville to find anything they can afford.  

But there are some affordable initiatives – developments in the Asheville. Near Target and the Regeneration Station, you’ll see a unique development of small, red apartments on stilts. The Swannanoa Bend Apartments were developed by Kirk Booth and designed to be rented for just over $500 per month. Other projects are also in the works with an intention of increasing the number of affordable units in many developments.  

Land Trust 

The city is also working on an idea to develop the Asheville-Buncombe Community Land Trust. This would allow for individuals to own their own homes at an affordable rate. The concept has been used with great success in many communities around the country, so there’s an expectation that it can fit perfectly within the Asheville landscape.  

The project is still in the developmental phase, but expect to see updates from the city soon.  

Citizen Advisory Committees 

The Affordable Housing Advisory Committee is an action group made up of community leaders and supported by the city. The current chair is Asheville business owner, Barry Bialik, and the committee meets monthly to discuss affordable housing initiatives that can benefit the community.  

The committee was formed to give voice to the community in presenting matters on affordable initiatives – housing to the city council. The public is encouraged to attend the meetings.  

Council Committees 

The counterpart within the city council is the Housing and Community Development committee led by councilwoman Julie Mayfield. Council members Shanika Smith and Keith Young are also on the committee. City staff are also represented.  

The committee meets on the third Tuesday of each month, and much like the AHAC, the public is encouraged to attend.  

Down Payment Assistance 

The city also has a down payment assistance program that can help more buyers get into houses throughout Asheville. Over $1.4 million dollars has been made available for qualifying buyers. $1 million of the fund is for first time home buyers and the other $400,000 will be for city employees such as police, fire fighters, and some Asheville City School employees.  

To learn more about affordable initiatives or to see if you qualify, talk to a local independent mortgage lender like Zachery Adam of Go Prime in West Asheville 


What is Mortgage Insurance?

What is Mortgage Insurance?

No April Fools: What is Mortgage Insurance and Do You Need It?    PMI. What is it and do you need it? PMI stands for Private Mortgage Insurance and the answer is “sometimes.” Before you get prequalified for a mortgage or make an offer on your next home, it may be...

read more
Millennials and Current Market

Millennials and Current Market

Do Millennials Want Urban Experiences? Experts have been saying for a while that the millennial generation, the oldest of which have recently turned 38, are looking for an urban lifestyle. They want to ditch their cars and have convenience at their fingertips,...

read more
Got Credit?

Got Credit?

Tips to build your credit history so you can own your own home Having no credit is as bad as and sometimes even worse than having poor credit. When you don’t have any records with one of the major credit reporting agencies, then creditors really don’t have anything to...

read more

Related Articles

Investment ROI: Best Neighborhoods in Asheville

Investment ROI: Best Neighborhoods in Asheville

Investment ROI: Best Neighborhoods with Potential in Asheville Asheville Neighborhoods with the Potential for Return on Investment (ROI) As the real estate market begins to open back up, we will see a rise in investors looking at neighborhoods throughout the city and...

Memorial Day 2020

Memorial Day 2020

Memorial Day 2020: A Look at the Past and How to Celebrate Today This year has been very strange so far and it may not get any less strange in the months to come. That means this Memorial Day 2020 will come and go without big family cookouts or local parades. But that...

Quiz: Are You Ready to Buy a House?

Quiz: Are You Ready to Buy a House?

Quiz: Are You Ready to Buy a House? While things may never be the same as they were in 2019 before this novel coronavirus began to spread, we are starting to see a return to some aspects of normalcy in our community and around the country. Specifically, we are always...

About Us

How we can help you

Although labeled an independent mortgage lender, GoPrime Mortgage, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.

Zachery Adam

It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.

When you apply securely online with GoPrime Mortgage, Inc., we will contact you within 24 hours or less.

We want to be more than your mortgage lender.

The company, like Branch Manager Zachery Adam, wants to become the go-to destination for people who have questions about real estate financing and the mortgage application process. Applying for a mortgage can be a frightening process at a bank. GoPrime Mortage, Inc. aims to keep the process simple.

Our mission is to:

  • Provide holistic mortgage planning for every customer
  • Offer simple, strategic solutions for all homebuyers
  • Supply reliable services for real estate investors
  • Educate the public on the mortgage process
  • Keep the mortgage process simple for all customers
  • Inform real estate agents of the latest mortgage news

In short, GoPrime Mortgage, Inc. will provide complete, inclusive mortgage solutions that are educational, transparent, honest and sincere. No other bank or independent mortgage lender can beat the service and prices — the complete package — that GoPrime Mortgage, Inc. offers.


Let's Get Started

Contact Info

862 Haywood Road Asheville, NC 28806


Enjoy a mortgage process built for the modern world.

Borrowers can easily complete a loan application, upload supporting documentation, eSign disclosures, and monitor the status of their loan — in a single, easy-to-use location.

Pin It on Pinterest

Share This

Share this post with your friends!