FY 2022-2023 Annual Action Plan

Activities for Q2

Message from Director:

Fayetteville Redevelopment Commissioners, the second quarter of 2023 has been successful as your Economic and Community Development team continues to work at a high capacity. Staff was delayed slightly by learning better ways to comply with Federal Grant regulations and build capacity in our non-profit partners. The voters approved a $12M Housing Opportunity Bond, and staff has been busy learning the best ways to utilize those funds in our community. The below graphic shows the results of the 2021 Affordable Housing Study. While we have lots of work to do to build affordable rental options, we must also prioritize programs to aid in building our homeownership. This is why we launched the Homebuyer Assitance Program in July of this year and expanded our First Time Homebuyer Education Workshops.

Moving into the third quarter, the team will begin planning the budget for the next fiscal year. We are committed to funding non-profits to assist with our community's most significant issues. We are also still responding to and overseeing the largest amount of funding ever allocated to this Department. The Choice Planning Grant is wrapping up its two-year planning process, and the Transformation Plan for Murchison Road is due to the Department of Housing and Urban Development. The City and the Fayetteville Metropolitan Housing Authority are diligently working to create partnerships that will serve the Murchison Choice Neighborhood for years to come. Please view the plan and other interesting items at www.MurchisonChoice.com