Advisory: Hill to Team up with Banks, Habitat for Humanity of Central Arkansas

LITTLE ROCK, Ark. — (RealEstateRama) — Congressman French Hill (AR-02) will join representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Habitat for Humanity of Central Arkansas for a “wall-raising” event and check presentation at 8:15 a.m. Friday, August 12 at 29 Purdue Circle in Little Rock, Arkansas. The media is encouraged to attend.

Shalaniece Floyd, a 30-year-old single mother of two, will purchase the Habitat home with a zero percent interest loan when construction is complete. Working alongside donors and volunteers, Ms. Floyd will invest 300 sweat equity hours into her home.

“I’ve long been a supporter of Habitat for Humanity and all it does to promote affordable housing in Arkansas,” said Congressman Hill, who is also a member of the House Committee on Financial Services. “It is an honor to participate in today’s wall-raising activity and to help build a home for a deserving Little Rock family.”

Over the past seven years, FHLB Dallas has partnered with Bank of the Ozarks to provide $347,000 in Affordable Housing Program (AHP) grants. Of those funds, $70,000 will benefit 10 homes, including Ms. Floyd’s home.

AHP grants are available annually through FHLB Dallas member institutions such as Bank of the Ozarks to assist in the development of affordable owner-occupied and rental housing for very low- to moderate-income households located across FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. This year, FHLB Dallas awarded $7.8 million in AHP grants to 27 projects that will result in 1,499 new or renovated housing units.

The following event is open to the press:

Who:       Congressman French Hill

What:      Habitat Wall-Raising/Check Presentation

When:     8:15 AM CT, Friday, August 12, 2016

Where:    29 Purdue Circle, Little Rock, AR 72204

contact: Mike Siegel, (202) 225-2506

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