Little Rock Mayor Calls on City Board to Give Public Housing Authority $7.5 Million Loan for Troubled Apartments

Little Rock mayor calls on city board to give public housing authority $7.5 million loan for troubled apartments

With foreclosure looming for two Little Rock apartment complexes that are home to more than 170 residents who receive federal housing assistance, Mayor Frank Scott Jr. called on the Little Rock Board of Directors to step in and assist the troubled public housing authority in charge of them during a meeting Tuesday. Madison Heights I and II are located within the larger Madison Heights apartment complex on 12th Street between Cedar Street and Fai…

Little Rock loaning $7.5 million to city’s housing authority under discussion as way to avoid Madison Heights foreclosure | Northwest Arkansas Democrat-Gazette

The Little Rock Board of Directors on Tuesday discussed a proposal meant to stave off a foreclosure action against over 200 units at the Madison Heights apartment complex by having the city loan millions of dollars to the Little Rock housing authority.