Featured Services

Properties for Sale

Argenta CDC offers brand new energy efficient LEED certified homes in North Little Rock's Holt Neighborhood. The homes are 1300 square feet with three bedroom and 2 baths, and are designed to save the homeowner on utility bills and provide a healthier indoor air quality. For information, please contact us at 501-374-0622. You can download the flyer by clicking here.

Rental Properties

Argenta CDC has rental properties throughout the Argenta Historic District that are single family homes, duplexes and an apartment complex primarily for low-to-moderate income families. For more information, contact First Capital Management Group at 501-370-9000.

Home Purchase Assistance

A variety of grants and low interest loans are available for first time homebuyers. Our homeownership center is here to help you access this funding. Most of the funding is allotted to low- to-moderate incomes, those who earn 80% or less of the annual median income as set by HUD. Applicants may be eligible for a combination of funding. If you qualify, you must attend our one day eight-hour homebuyer education class where you will receive a certificate to present to your lender. Please contact us at 501-374-0622 to discuss what funding may be available to you.

Grant Program

HOME Funds

First time home buyers may qualify for grants that can go towards the purchase of a new or newly renovated home that is offered for sale by the CDC in North Little Rock.

HELP Funds

Through the Federal Home Loan Bank of Dallas, grants up to $5,000 are available to assist first time home buyers with closing costs. These funds are limited and prospective homeowners must be able to qualify for a loan with a pre-designated bank and contribute $500 towards their purchase.

City Grants

Little Rock, North Little Rock and Jacksonville offer down payment and closing costs grants to first time homebuyers who would like to purchase a home in either of the respective cities. Funds are limited and income restrictions may apply. Please contact the perspective city's city hall for additional information.

Loan Program

ADFA's Downpayment Assistance Program

The Arkansas Development Finance Authority has a Downpayment Assistance Program (DPA) for qualified first-time home buyers. The DPA ranges from $1,000 to $6,000 for closing cost assistance. For detailed information, please visit ADFA's web site at http://www.state.ar.us/adfa/.

American Dream Payment Initiative

ADFA will provide ADDI funds in the form of a forgivable loan in an amount up to six percent of the purchase price for down payment and closing costs, not exceeding $10,000. The assistance will be forgiven in equal annual installments over five years, as long as the homebuyer continues to own, occupy, maintain, insure, and pay all taxes on the home. More information can be found at ADFA's web site, http://www.state.ar.us/adfa/.

Capital Loan Pool

A limited number of down payment and closing costs loans are available through Argenta CDC. Within designated areas, loans are available for repairs.

Benefit Bank of Arkansas

The Benefit Bank of Arkansas is a joint effort between the State of Arkansas and the Arkansas Interfaith Conference (AIC) in partnership with the Department of Workforce Services and Department of Human Services to serve the working families in Arkansas by creating points of access convenient and trusted by those served. The program emphasizes the Earned Income Tax Credit, food stamps, medical benefits (including children’s health insurance) and heating/cooling assistance. About 94 percent of currently unclaimed benefits in Arkansas are from federal programs. Argenta Community Development Corporation has been a designated site for the Benefit Bank of Arkansas at no charge.

In Arkansas each year $280 million in benefits and tax refunds, the majority of which are federal, are left unclaimed. Most people seeking benefits are working or are looking for employment, and since benefit-application offices are typically open only during business hours, many eligible persons find it extremely difficult to apply. To help ease these problems,The Benefit Bank of Arkansas is is dedicated to meeting clients where they are. It is about providing as many opportunities as possible for our working families to succeed. The Benefit Bank empowers local communities to reach out and provide a hand-up to our working families. No doubt this will be a value added services to our clients and the community. For additional information or to schedule an appointment, contact Shanta Nunn-Baro at 501-374-0622 or sbaro@argentacdc.org. More information about the Benefits Bank can be found at http://www.thebenefitbank.com/TBBAR.

Individual Development Accounts - Coming in 2009

Individual Development Accounts (IDAs) are matched savings accounts that enable low-income American families to save, build assets, and enter the financial mainstream. IDAs reward the monthly savings of working-poor families who are trying to buy their first home, pay for post-secondary education, or start a small business. Each time you make a deposit in your IDA account, the IDA program contributes a "match" to your account. The match may be anywhere from one to four times the size of the deposit you make. Participation is limited- you must be able to set up an account at the selected bank and those accepted into the program must take our financial fitness series. More details will be forthcoming. Meanwhile, you are encouraged to visit Individual Development Accounts (IDAs)

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