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ARKANSAS DEVELOPMENT FINANCE AUTHORITY

FOR IMMEDIATE RELEASE

April 18, 2008

FOR MORE INFORMATION:

Victor Turner (501) 682-5860,  vturner@adfa.state.ar.us
Derrick Rose   (501) 682-5904,
drose@adfa.state.ar.us

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 at www.arkansas.gov/adfa .

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