Housing Incentive for Arkansas Teachers

The Arkansas Teacher Housing Development Foundation (ATHDF) is offering housing incentives to assist in the recruitment and retention of quality teachers. The Housing Incentive Program provides housing assistance to eligible teachers. The program offers housing assistance in the form of forgivable loans and rental stipends. The program is supported by state funds that provide for the development of housing incentives for Arkansas teachers.

Types of Assistance
Through the Housing Incentive Program, qualifying teachers may apply for homeowner assistance or a rental stipend. Home ownership assistance is offered in the form of a forgivable loan in an amount up to ten percent (10%) of the purchase price for downpayment, closing costs, mortgage rate buy-down and other related costs. The loan is forgiven annually in equal parts in exchange for the teacher’s commitment to teach in a qualifying school district for five (5) consecutive years. The rental stipend program reimburses qualifying teachers for up to two thousand dollars ($2,000) of verifiable rental payments. The stipend is disbursed quarterly.

Applications are accepted on an ongoing basis.

Go to the website for more information

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Tags: Arkansas, housing, teacher

This entry was posted on Saturday, October 10th, 2009 at 10:13 am and is filed under Home Grants. If you are looking for similar grants in this state, click the category name here. That will give you a list of grant announcements in that category in the state.