Collaboration was key to providing affordable housing to around 300 people in west Fayetteville, according to community leaders who attended a ribbon cutting ceremony Friday for a new 89-unit development.
The Cobblestone Farm community, which rents single-family homes, duplexes and triplexes for $373 to $753 per month, is one of the latest projects aimed at addressing the affordable housing crisis in a region of Arkansas where the population has rapidly expanded, boosting housing costs.
Addressing housing affordability is a key priority for the region because the median home price in Northwest Arkansas has grown 240% over the last six or seven years, said Brad Sikorski, president and CEO of the Excellerate Foundation, one of the partners in the Cobblestone Farm project…