Accessing Affordable Housing Funding in Arkansas

GrantID: 20209

Grant Funding Amount Low: $100,000

Deadline: Ongoing

Grant Amount High: $37,000,000

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Summary

Eligible applicants in Arkansas with a demonstrated commitment to Quality of Life are encouraged to consider this funding opportunity. To identify additional grants aligned with your needs, visit The Grant Portal and utilize the Search Grant tool for tailored results.

Grant Overview

Improving Affordable Housing in Arkansas

Arkansas faces a significant challenge in providing affordable housing, with nearly 17% of the state’s residents living below the poverty line. Many families in Arkansas are burdened by housing costs that exceed 30% of their income, resulting in unstable living conditions and a direct correlation to poor educational outcomes for children. The high rates of poverty throughout both urban areas in Little Rock and rural counties further complicate efforts to secure safe and affordable housing.

Those who are most affected include low-income families with children, single-parent households, and seniors on fixed incomes. For many, the choice between paying housing costs and meeting basic needs such as nutrition and healthcare becomes a daily struggle. In such an environment, inadequate housing conditions may lead to increased incidences of health issues and limit children's educational success and social stability.

Funding aimed at developing affordable housing projects seeks to create safe living conditions for families in Arkansas. This initiative will partner with local organizations and stakeholders to construct and rehabilitate homes that meet the needs of low-income families, ultimately promoting stability. By focusing on housing quality and accessibility, this funding addresses the immediate needs of residents while also creating opportunities for long-term community development.

Particularly in Arkansas, where homeownership is a vital part of community identity, empowering families to secure affordable homes can lead to improved educational outcomes for children and a reduction in overall poverty rates. It is essential that we view affordable housing as a means to promote stability and health in the community, making a direct impact on the lives of the most vulnerable populations in the state.

Eligible Regions

Interests

Eligible Requirements

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Grant Portal - Accessing Affordable Housing Funding in Arkansas 20209