Housing Program Highlights

Housing Rehabilitation

This program provides substantial housing rehabilitation assistance through a low interest loan for low- and moderate-income homeowners.This program is transitioning out in favor of Emergency Home Repair and New Affordbale Housing Construction

 Two rehab projects in final stage of punch list and project completion

 $33,278 expended with $305,568 HOME funds available

Single-Family Housing Development – CHDO

The City is required to set aside 15% of its HOME allocation for Community Hosing Development Organizations (CHDO). The City has partnered with Fayetteville Area Habitat for Humanity to construct or rehabilitate affordable single family homes to increase the supply of affordable housing for low- and moderate income families

 Contract preparation in process to begin construction of Maloney Avenue Phase I

 $647,367 HOME funds available

Emergency Home Repair

The City has contracted with Fayetteville Urban Ministry and Fayetteville Area Habitat for Humanity to provide repairs that remedy substandard conditions and improve accessibility for the disabled.

 5 households received emergency repairs

 $62,027 expended on this activity with $555,314 remaining

 Services provided by Fayetteville Urban Ministry Nehemiah Project

 Fayetteville Area Habitat for Humanity will begin emergency repairs at the beginning of next quarter with a budget of $617,132

New Affordable Housing Construction

To increase the supply of affordable housing, The City allocates HOME and HOPWA funds annually and has a one-time allocation of American Rescue Plan Funds (ARP), HOME –ARP, and State funding to be used for multi-family rental construction and single-family housing construction.

 The Landing at Beaver Creek is 75% complete;; 72-unit affordable apartments at 6115 Cliffdale Rd.; no funds epended; $800,000 prior years HOME funds