ARVAC offering homebuyer workshop

Arkansas River Valley Area Council, Inc. (ARVAC, Inc.) is offering a homebuyer education workshop Nov. 21 in Conway. 

It will be held at Faulkner County Library, 1900 Tyler, from 8 a.m. to 4 p.m. The class is overall homebuyer education, covering budget and finance, credit, maintenance and repairs, the real estate process, the lending process, and foreclosure prevention. There is no charge for attending the class. 

Arkansans who successfully complete a homebuyer education workshop may be eligible to receive up to a $6,000 down payment assistance loan or up to 6 percent of purchase price in American Dream Down payment Initiative (ADDI) funds. ADDI funds will be provided in the form of a forgivable loan with a five-year affordability period. The assistance is through Arkansas Development Finance Authority. For further information, or to register for a class, contact Shannon Rooke Nuckols, housing counselor, at (479) 229-3102, (479) 264-1402, or arvachome@yahoo.com