Arvest Bank hosted a launch party for an upcoming Habitat for Humanity of Benton County (Ark.) bank build on Thursday and is excited to work with other local financial institutions on the construction of a home this fall.
In addition to hosting the launch party at our branch at 4201 S. J.B. Hunt Drive in Rogers, Arvest has pledged $5,000 and two 10-person construction teams towards the project.
“Habitat for Humanity’s goal of helping families in need with safe and affordable housing is perfectly in line with Arvest’s commitment to the communities we serve,” said Brad Crain, local president and CEO for Arvest in Benton County. “We are delighted to work with other local banks to make a family’s dream come true, not just with a donation, but helping build the home as well.”
According to Habitat for Humanity of Benton County, the cost of the home will be about $125,000 with in-kind donations and allowable volunteer labor. The homeowners will be a family currently living on a poverty-level income.
Applicants must meet certain other requirements, including a willingness to help build the home and attend financial management and budgeting training, home maintenance classes and other educational programs. Habitat for Humanity of Benton County also will work with the recipient family for the life of the mortgage.
This particular home will be built in Habitat Trails, Habitat for Humanity of Benton County’s eco neighborhood in Rogers. It is the only eco neighborhood in Northwest Arkansas with a wet land, walking trails and a common area for the neighbors to gather, according to Habitat for Humanity of Benton County.
Weather and supplies permitting, construction should take about five months. More information is available at habitatbentoncountyar.org.