Arkansas Nonprofit Received $440K to Construct 56-Unit Housing Development

Strategic Community Investments of Fort Smith, Arkansas, was recently awarded a $440,000 Affordable Housing Program (AHP) grant from Arvest Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The grant will help fund the construction of Electric Park, a 56-unit apartment and four-plex community for low- to very low-income, special-needs, elderly and homeless individuals. Strategic Community Investments is the nonprofit development company for the project and sister organization of Fort Smith Housing Authority (FSHA). Its mission is to advance affordable housing through community and economic development projects such as Electric Park.