ARKANSAS DEVELOPMENT FINANCE AUTHORITY
FOR IMMEDIATE RELEASE
April 18, 2008
FOR MORE INFORMATION:
Victor Turner (501) 682-5860,email@example.com
ADFA Awards $335,476 for Affordable Housing
in Monticello, Wilmar & Fountain Hill
Little Rock, AR (April 18, 2008) – The Arkansas Development Finance Authority (ADFA), Arkansas’s state housing finance agency, on January 17, approved the allocation of $335,476 in HOME Investment Partnerships Program (HOME) funds for the Drew County Public Facilities Board (DCPFB).
The funds will be used at scattered sites in Monticello, Wilmar
and Fountain Hill for the reconstruction of three and rehabilitation of two
homes for low-income families. DCPFB is a repeat applicant for HOME funds and
have completed 31 homeowner rehabilitation activities in the past five years.
The HOME Program makes funds available for the development of affordable housing for low and moderate-income individuals and families, and encourages partnerships among state agencies, local governments, not-for-profit, and for-profit organizations. For more information on the HOME Program, contact Victor Turner, ADFA HOME Program Manager, at (501) 682-5860. For more information on the programs and services offered by ADFA, visit our website atwww.arkansas.gov/adfa .
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