$1.7 Million Affordable Housing Development in Helena-West Helena Has Opened

HELENA-WEST HELENA Southern Place Apartments, one of the largest multi-family housing developments in Phillips County in several decades, has opened.

Southern Community Development Corporation hosted the opening ceremony yesterday. Representatives from the Arkansas Development Finance Authority; the U.S. Department of Agriculture/Rural Development; Congressman Marion Berry’s office; and the offices of Senators Blanche Lincoln and Mark Pryor spoke at the event.

Rural Health Care Providers and Patients Benefit from Loan Fund

Press Release – June 17, 2002

Physicians, hospitals and other health care providers in Arkansas have received more than $8.8 million in loans to improve access to health care in rural, medically underserved areas of Arkansas through the Arkansas Rural Health Revolving Loan Fund (RLF).

Because of the success and significant impact of the RLF, the Robert Wood Johnson Foundation (RWJF) has committed another $500,000 grant to the loan fund.

Southern Financial Partners Receives Grant From USDA

Press Release – March 13, 2002

Southern Financial Partners (SFP) has received a $160,000 grant from the U.S. Department of Agriculture’s Rural Development.

The grant will be used to capitalize a loan fund that will help finance businesses in thirteen counties in eastern Arkansas creating new jobs and providing access to over $1 million in capital to the economically distressed region.

Southern Financial Partners Receives Funding From Winthrop Rockefeller Foundation

Press Release – February 6, 2002

Southern Financial Partners received a $200,000 grant and a $1 million loan from the Winthrop Rockefeller Foundation. Southern Financial Partners (“SFP”) is a non-profit affiliate of Southern Development Bancorporation.

Southern Financial Partners provides lending services, financial training and technical assistance to small businesses in rural Arkansas and Mississippi to stimulate economic growth.