Home » New Year, New Home

New Year, New Home

by The Urban News
Habitat townhome in the New Heights neighborhood.

Far too many people, locally and around the county, find the cost of a home to be unaffordable.

Nearly half of local renters pay more than 30% of their income on rent. A tight rental market and extremely limited supply of affordable homes for sale has only increased the need for affordable housing.

Residents who are cost-burdened by housing, and who are ready to make the transition this year from renter to homeowner, are encouraged to explore Asheville Area Habitat’s homeownership programs.

Applications are now being accepted for Glenn Bridge, a new neighborhood being built in Arden that includes a mix of detached homes, two-story townhomes, and single-level Aging in Place townhomes specifically designed for adults age 55+. Applications are also being accepted for a 3-bedroom, 1.5-bath home being built in Mars Hill.

Here’s How to Apply

If you’re ready for an affordable monthly payment and a new energy-efficient home, now is the time to apply. Visit ashevillehabitat.org/self-evaluation to see if Habitat’s program may be right for you.

Those who are interested may request an application to be mailed to them by calling (828) 210-9371 or emailing [email protected]. Additionally, in-person and virtual information sessions are available. Dates and times of information sessions can be found at ashevillehabitat.org.

Did You Know?

Median rent in Asheville in 2023 was $1,361 for a one-bedroom apartment and $1,537 for a 2-bedroom. An average Habitat monthly mortgage payment is $800, including property taxes and homeowner’s insurance. A Habitat mortgage is guaranteed to be affordable for the homeowner, meaning it will not consume more than 30% of the homeowner’s gross monthly income.

Asheville Habitat homes are energy efficient and GreenBuilt certified. If systems are properly maintained, heating and cooling costs should not exceed $45/month for at least the first two years.

Homeowners contribute at least 200…

Read the full article here

Have information to send to Urban New Now? Contact our reporters. Advertising inquiries? Contact us. Opinions? Email us.

You may also like

About Us

Urban News Now is your number one website for the latest news affecting the Black community. Follow us now to get the news and updates that matters to you.

Feature Articles

Subscribe to our newsletter to get the latest news and updates. Let's stay updated!

Copyright © 2023 Urban News Now – All Right Reserved

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More