BATESVILLE, AR AND THOMAS, OK TO RECEIVE $500,000 GRANTS TO EXPAND REDEVELOPMENT EFFORTS

摘要

HUD is awarding $1 million in HOPE VI Main Street program funding to help build affordable housing in Arkansas and Oklahoma. The City of Batesville, AR will use a $500,000 grant to redevelop The Adler Building. Built on West Main Street in 1881, it is one of the oldest surviving buildings in Arkansas' oldest surviving town. The first floor of the building originally served as a general store, and the second floor was an Opera Hall, used for socializing and community events. This grant will be used to renovate the building to include affordable residential units and two commercial units. Two of the units will be set aside for very low income families (50% or below of Area Median Income).