UDDC to complete work on first house

The University District Development Corporation (UDDC) will complete its first single family substantial rehab project in August. The house, located at 1516 S. Harrison St., has been completely renovated with all new HVAC and mechanical systems, kitchen and bathroom fixtures and cabinets, roof, doors, and windows as well as is fully insulated. Funded by the City of Little Rock HOME Program and Arvest Bank, the house will be placed on the market in late August for sale to a qualified first-time homebuyer.

UDDC will conduct a first-time homebuyer education workshop at 11:30 a.m. Friday, Aug. 13, at the Bailey Center on the UALR campus. The initial workshop will be presented by representatives of Bank of the Ozarks and will emphasize participation by UALR employees.

Also, earlier this summer the UDDC completed its participation in the Special Needs Assistance Program (SNAP) funded through member banks by the Federal Home Loan Bank Board. The FHLB member banks filing applications on behalf of the UDDC included Centennial Bank and Bank of the Ozarks. The program provides up to $5,000 per house for minor repairs needed by homeowners who meet income and special needs conditions. The UDDC received $53,000 to replace roofs on 10 houses and install new HVAC systems for two houses.