Housing

Cobblestone Farm Community

Cobblestone Farm Community aims to provide affordable housing to low-income families in a diverse, inclusive environment with additional services and resources that will help them thrive.

LAST UPDATED • July 13th, 2020

IDENTIFY

By digging into the federal Low-Income Housing Tax Credit (LIHTC) program, we determined that there were opportunities to build affordable housing that were not being taken advantage of in Northwest Arkansas, in large part because there is a widespread belief that the region is not well-suited to the program due to higher development costs. Affordable housing could become more prevalent if local developers and other stakeholders were shown a clear and feasible path.

Additionally, we identified that Fayetteville could be a good candidate for an affordable community given the amount of local stakeholders that were willing to join together to make the concept work.

 


CONNECT

Excellerate Foundation has partnered with New Heights Church and Strategic Realty on this project to demonstrate what an affordable community could look like in Northwest Arkansas. Additional Collaborators include Cobblestone Farms, Potter’s House, The Joshua Center, Anthology Real Estate, 99 Balloons and a local financial institution that has helped us clear several of the initial hurdles.


DRIVE

Situated immediately south of Cobblestone Farm at Wedington Drive and 54th Avenue in West Fayetteville, the Community will be home to nearly 100 families, residing mostly in duplexes that range between $400 and $650 in monthly rent.

Approximately 75% of the units will be two or three bedrooms, making them comfortable for households of all sizes. A portion of the units are specifically designed for those with disabilities, ensuring that affordability will be available to everyone. Cobblestone Farm Community will also include some market-rate housing to encourage the development of a mixed-income neighborhood.

A playground and green space will provide additional opportunities for recreation and connection, while future plans include a shared, multi-use community space.

Residents of the Community will also access an array of resources that can help them become stronger and more stable. 

Potter’s House will offer ways for residents to connect with their neighbors and others to form engaging, intentional, and diverse relationships, as well as employment opportunities in its onsite processing center for its thrift stores. Food will be available through community gardens—and, potentially, through a local market—with assistance from Cobblestone Farm.

The Joshua Center will provide free or subsidized counseling to any resident who needs it. And specialized technology created and provided by Hark will connect the Community to hundreds of solutions in the social services sector to ensure residents get the help they need.

Furthermore, the Community is currently in discussions with an energy company, an internet provider, and a major food provider towards strategies to better support the residents of the Community, be it through lower utility costs, subsidized broadband access, or greater food accessibility.