Prairieland Community Development, a nonprofit based in Illinois, recently received gap
funding to move the project forward. The development will be financed in part by a $1.5 million
Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas and an
annual allocation of $1.22 million in Low-Income Housing Tax Credits (LIHTC) from the
Arkansas Development Finance Authority (ADFA). Construction is expected to begin in early
spring 2026.

These federal programs help create housing that’s affordable for low- and very-low-income
households, especially in rural areas like Hope, where housing options can be limited.
“Rural areas are oftentimes the places most in need of new housing, especially high-quality
housing that is attainable for everyone,” said Traci Williams of Rockwell Housing Solutions,
LLC, the project’s consultant. “I’m grateful to ADFA and FHLB for recognizing this need and
providing the opportunity to serve the low-income citizens of our state.”

Avalon at Hope is a joint effort between Domera Development, LLC and Prairieland Community
Development. Domera, a private developer that boasts eight successful affordable housing
projects in its first four years, brings deep experience in strategically financing these types of
projects. Prairieland, a 501(c)(3) nonprofit, focuses on the connection between housing and
health and currently owns and operates ten developments across the region.

Together, the development team is committed to delivering housing that strengthens
neighborhoods, supports working families, and helps Hope grow.

"We are incredibly grateful for the future investment in Avalon at Hope, as it not
only adds 60 new units of workforce housing but also bridges the critical gap in
quality housing availability for our community. This development signifies a
significant step forward in enhancing the living opportunities for our residents in
Hope and Hempstead County" said Anna Powell, Hope - Hempstead County
Economic Development, President.