Real Estate

Nearly $172 million in federal emergency rental assistance sent to Arkansas could be erased — if it's not committed by Thursday.

Driving the news: The first emergency rental assistance program was established in December 2020. The U.S. Treasury Department set a deadline of Sept. 30 for money to be paid.

Built in 1999, this Victorian-style home — known as the Angel at Rose Hall — would make a great multi-family getaway, corporate retreat property or you could always keep it as a bed and breakfast.

• It's one of only four AAA Diamond-rated hotels in Arkansas.

A study published today aims to be a blueprint for creating more affordable housing in Northwest Arkansas.

What's happening: The Walton Family Foundation (WFF) commissioned the two-part study. It will provide practical recommendations to elected officials, municipal planners and developers about the area's housing challenges.

• It points out the current urban sprawl taking place in NWA could affect long-term housing affordability.

Housing prices are up and supply is down.

What's happening: The biannual single- and multi-family residential Skyline Reports for the first half of 2021 were released to the media on Monday.

Bentonville's parks and recreation department wants you to vote between the location of two green spaces that will be part of its larger Quilt of Parks plan.

What's happening: An original master plan puts a children's playground in the space currently occupied by the two-acre Dave Peel Park, and adds a green space and music pavilion to an adjacent parking lot.

This 1906 estate was once home to the parents of J. William Fulbright, who was president of the University of Arkansas before serving as a U.S. senator from 1945 through 1974.

• The house was a "hub of political and intellectual activity" in Northwest Arkansas while Fulbright's mother, Roberta, was alive, according to the realtor.

Former NFL player Buck Ortega and his family are selling this custom-built estate for $3.8 million.

• Ortega played college football at the University of Miami, and his NFL career included stints with the Washington Redskins, Cleveland Browns and the New Orleans Saints.
• His wife is from NWA. He was a partner in four Planet Fitness franchises in the area that sold in 2019.

Spaces intended to be affordable for artists to live and work in are coming to Bentonville.

What's happening: Minneapolis-based nonprofit organization Artspace announced it will build 50 live-work units, the SOMO Artspace Lofts south of The Momentary off Southeast 8th Street.

• The lofts will also have gallery space open to the public where residents can show their work, Becky Carlson St. Clair of Artspace tells Axios.