February 25, 2021
On December 8th, 2020, Asheville’s Community Development Program Director, Paul D’Angelo, presented to the new City Council regarding a new affordable housing community proposed for West Asheville. The proposal was for twelve single-family affordable condos on Arline Henry Way in West Asheville and it was passed unanimously by the new city council. We wanted to talk with a local real estate broker, Aaron Palmer, to gain more insight into the project before construction begins.
What is Pineview Place?
This twelve-unit condo-style West Asheville community will make use of modern modular construction techniques that lead to an efficient building process. This method can provide homeownership opportunities as soon as six months after construction begins.
The homes will be built by Kituwah Manufacturing, a modular home building company owned by the Cherokee Nation out of Cherokee, North Carolina. Kituwah Construction’s primary focus was on creating affordable homeownership for tribe elders in Cherokee before taking on projects such as Pineview Place.
Because of the modular build, the horizontal groundwork and building can be done at the same time. Once the site has been established and the foundation created, the homes will be brought in and situated on-site.
Pineview Place is a true infill project just one mile from Haywood. Once the proof of concept is in place, the intention is to bring more infill projects like it to other areas of the city for more affordable housing opportunities.
When Will They Be Built?
Our talk with Aaron indicated they’re in the final planning stages and getting things in line with subs. They expect groundbreaking to happen as soon as things are organized on their end. Aaron anticipates homes will be ready for sale as soon as mid-summer of this year.
“Hopefully we can make a difference for twelve people or families in our community. There are so many more steps and we need help spreading the word,” Aaron told us.
Who Is the Target Homebuyer?
According to the proposal made to City Council in December, affordable housing at Pineview Place is designed for individuals making less than 80% of the area’s median income. This category encompasses a wide range of individuals and families including:
- Hotel employees
- Bank tellers
- Administrative assistants
That’s just to name a few… People who make up the fabric of Asheville and who are unable to afford the rising house prices and rents in the area may now have a path to homeownership within the city limits.
How Affordable Are They?
There are twelve units in the neighborhood. There are six 1-bed 1-bath homes and six 2-bed 1-bath models.
The 1-bed home is expected to be on the market at around $199,000 and the 2-bed home will be priced at around $239,000. Buyers will need to be qualified, but may also be able to get down payment assistance through the city, county, or state-wide programs. That’s why talking with an independent mortgage lender, like Zachery Adam at GoPrime Mortgage of West Asheville, is a great first step.
GoPrime is not affiliated with the Pineview Place project or Aaron Palmer and has not been paid or incentivized in any way to make a recommendation.
Do you want to know about the process to apply for a mortgage? GoPrime Mortgage in West Asheville is here to help. Call us today at 828-348-1907 –Zachery Adam at GoPrime Mortgage in West Asheville.
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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.
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.
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