AR (January 18, 2008) – The Arkansas Development Finance Authority (ADFA),
Arkansas’s state housing finance agency, on January 17, approved the allocation
of $467,500 in HOME Investment Partnerships Program (HOME) funds for the St.
Francis County CDC.
will be used to construct five homes for low-income homebuyers in St. Francis
County. The new homes will be approximately 1,200 square foot with proposed
sales prices between $97,000 and $105,000. Recently St. Francis County CDC
successfully completed a similar project using HOME Program funds.
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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