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Agency Lends Nearly $18M for 200-Plus Homes
posted 11/20/09
5:51 pm
The no-interest loans approved Thursday by the ADFA board will go to help finance housing developments in Little Rock, North Little Rock, Fort Smith, Fayetteville and Rogers.
The money is to be used to help neighborhoods destabilized by housing foreclosures and abandonment, according to a news release.
The release provided this information about the five projects, including total loan amounts:
-$4.7 million to Leisure Homes in Rogers for 50 units in a multifamily project.
-$7.7 million to ALS Management LLC, 136 multifamily units in Fayetteville.
-$1.3 million to the Fort Smith Housing Authority, eight single-family units.
-$2 million to the city of North Little Rock-Argenta CDC (web | news) , 13 single-family units.
-$1.8 million to Reed Property LLC, 30 single-family units in Little Rock.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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Latest Comments on "Agency Lends Nearly $18M for 200-Plus Homes"
posted by: cinnamon on 9:15 am on 11/21/09
DON'T YA LOVE "THE CHANGE"!!!!!!!!!!!!!!!!!!!!
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