Project Development

Argenta Arkansas Construction

Launched in 2008, Argenta Arkansas Construction is full service firm that develops residential properties, renovates historic homes and has expertise in residential "green" construction. From early planning stages through project completion, Argenta Arkansas Construction offers a comprehensive list of professional services and experienced professionals to help you make the right choices for your construction project. For information or to schedule an appointment, contact Brian Cox at 501-374-0622 or brian@argentaarkansasconstruction.

Affordable Housing

Our organization's history is one of making homeownership possible for more people by rehabilitating, designing and building quality homes at affordable prices. Our development approach has earned national recognition from Met Life, HGTV, National Historic Preservation and HUD. Most importantly, we have transformed lives and communities through our mission.

In 2007 we launched Building Green, a highly successful initiative that represents a new era in our construction practices that integrates affordable housing with environmental sustainability and energy efficiency. The homes in this project are designed, built and are constructed of high-performance features that:

  • save the homeowner money
  • provide a healthier indoor environment
  • require less maintenance
  • have a positive impact on the environment

Rental Properties

Since 1992 we have acquired and restored 87 properties in the neighborhood Argenta neighborhood. Thirty-one of these are single family homes and duplexes rented to low-to- moderate income families. Our homes are very popular and have a 99% occupancy rate. In 2002 we completed Argenta Square, a 56 unit apartment complex in the heart of downtown North Little Rock financed with historic preservation and low income housing tax credits. The majority of the units are leased to low-to-moderate income households.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 and funds are subject to availability. 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

All funds are based on availability and income eligibility.
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/.

 

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