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How Arkansas $5M housing allocation could be used in Fort Smith

Fort Smith Times Record The Fort Smith Housing Authority and Hope Campus are looking to apply for part of Arkansas  funds allocated for housing-related projects this legislative session. Act 548 appropriates $5 million through the Arkansas Development Finance Authority to agencies and nonprofits that provide housing services throughout the state. The act, sponsored by District 31 state Sen. Joyce Elliott, D-Little Rock, is the first such allocation since 2013. If dispersed the same way as the 2013 allocation, the 3rd Congressional District, which includes Fort Smith, Van Buren and northwest Arkansas, will be eligible for $1.25 million for affordable housing and related projects or expenses. While both the Fort Smith Housing Authority and Hope Campus directors did not say for certain if they would apply, they both believe these funds would be beneficial to their missions.

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