Whether you’re struggling to make your mortgage payments or faced with an unexpected repair expense in Arkansas, there is help available to you! While researching low income home buyer programs in Arkansas, we stumbled across several helpful programs for those who already own their own homes.
Arkansas homeowners can get grants and low-interest, forgivable loans to assist with home repair!
Fayetteville offers a Housing Rehabilitation Program that provides repairs and improvements for homes that are not complaint with current plumbing, electrical, heating and energy efficiency standards. Improvements could include flooring, lead paint correction, plumbing, roof, gutters, siding, windows and more. They also offer an Energy and Weatherization kit program for low income families.
Fort Smith does mention homeowner rehabilitation services on their website in a paragraph describing their CDBG grant. However, they do not provide any additional information about this program online. I’ve emailed city officials for more information and will update when I receive a reply. In the meantime, please contact the city for more information.
Jacksonville offers a home program that allows eligible borrowers to borrow up to $90,000 to tear down or rebuild a new energy efficient home in the same location as their existing home. Half of the funding will be forgiven and the other half will be repaid over 20 years at one percent interest!
To qualify, you must own a home in Jacksonville city limits, have owned the home for at least three years and owe less than $5,000 on your current mortgage. The home must be in substandard condition to qualify.
Jonesboro has a Homeowner Rehabilitation Assistance program that assists low income, moderate income, elderly and handicap individuals and families ensure their homes are safe, sanitary and livable. The program provides labor and materials, replacement of principal fixtures, installation of security devices and other things. For qualifications, application requirements and waitlist information, click here.
Little Rock provides several repair and rehabilitation programs for homeowners in Little Rock city limits. These include wheelchair ramp installation, up to $25,000 toward home repairs for seniors, Leveraged Rehabilitation Loans and more!
Pine Bluff provides up to $4,500 in an Emergency Rehabilitation Grant for low income homeowners who are in need of emergency home repairs. The funds must be used to bring the home into compliance with the city’s standard housing codes.
Springdale offers a volunteer program that helps low income elderly or disabled Springdale homeowners with minor repairs and home improvements. They also offer a larger housing rehabilitation program, which includes weatherization services, health and safety hazard correction and other repairs designed to improve the livability or appearance of the home.
Texarkana may offer home repair grants and low interest loans for low income homeowners. It appears that they revise their CDBG grant uses on an annual basis, so you will need to check with the city to see what is available at this time.
West Memphis provides up to $20,000 per home for substantial repairs like plumbing, eletrical, heating, air conditioner, flooring repair, foundation repair, sheet rock and windows. They also have summer youth programs that assist with small services like painting and drywall repair. For eligibility criteria, please contact the city.