Please submit housing related pay requests to - Pay.Requests@adfa.arkansas.gov .  




HOME INVESTMENT PARTNERSHIPS PROGRAM FORMS AND APPLICATIONS

ADFA receives HOME Investment Partnerships Act funding from HUD (the HOME Act, Title II of the Cranston-Gonzalez National Affordable Housing Act) as a state Participating Jurisdiction (PJ), and then makes awards to eligible organizations who, in turn, disburse the HOME funds to qualified households in Arkansas communities.


"ATTENTION"
To facilitate the new construction of single family units
 for sale to low and moderate income homebuyers.
Attention:  Effective May 14, 2017, there will be a moratorium in place for new applications to the Arkansas Development Finance Authority for HOME Funds used for Owner-Occupied Rehabilitation purposes.  Only complete applications submitted prior to this date will be considered.   See letter from ADFA Vice President of Housing Andrew Branch.

Program Documents



NATIONAL HOUSING TRUST FUND ("NHTF")

National Housing Trust Fund ("NHTF") is a new affordable housing production program that will complement existing federal, state and local efforts to increase and preserve the supply of decent, safe and sanitary affordable housing for extremely low-income and very low-income households .




FINANCE ADJUSTMENT FACTOR ("FAF") AND 
BELOW MARKET INTEREST RATE PROGRAM


Financing Adjustment Factor ("FAF") / Below Market Interest Rate Funds when available, are intended to fill gaps in a development's budget to ensure affordability of FAF-assisted housing units for very low income families.  Applications must contain a minimum of 5 units.


COMPLIANCE AND MONITORING FORMS

These are designed to assist owners and managers of developments that have received an allocation pursuant to the LIHTC Program to ensure that the developments remain in compliance with Section 42 of the Internal Revenue Code.