On Friday, February 28th, 2025, MHO secured the financing for Star Point, a 60-unit affordable housing community located off Tunnel Road in Asheville, North Carolina. This marks a significant milestone for the development, which will be built on a 1.3-acre site on Restaurant Court, just behind the Mountaineer Inn. Star Point will provide housing for renters earning up to 60% of the area’s median income, offering a mix of efficiency, one-bedroom, and two-bedroom apartments. Additionally, MHO will reserve 12 units at Star Point for young adults aging out of foster care, a group particularly vulnerable to housing instability and homelessness. |