Arkansas § 14-169-218 Financing of project

Arkansas Statutes

§ 14-169-218 — Financing of project

Arkansas § 14-169-218

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This text of Arkansas § 14-169-218 (Financing of project) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 14-169-218 (2026).

Text

A housing authority shall have the power to:

(1)Purchase promissory notes, and the mortgages or trust deeds securing them, issued by any builder or developer engaged in constructing dwelling units to be sold or leased to the authority as part of any housing project;

(2)Make loans to any such builder or developer in order to aid in financing any housing project; and (3) Issue its bonds for any such purpose.

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A housing authority shall have the power to: (1) Purchase promissory notes, and the mortgages or trust deeds securing them, issued by any builder or developer engaged in constructing dwelling units to be sold or leased to the authority as part of any housing project; (2) Make loans to any such builder or developer in order to aid in financing any housing project; and (3) Issue its bonds for any such purpose.