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City Gets Funding for Affordable Housing Development

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Texarkana, Ark was recently awarded 4.4 million dollars for an affordable housing development. The award came from the Arkansas Development Finance Authority and will be used for the Park Ridge development. The development is located at Preston and Price Lanes and is being developed by RichSmith Development, a company based in N. Little Rock. This award was part of a larger 87.7 million dollar award for affordable housing statewide.

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