HOME Program
The HOME Investment Partnerships Program (HOME) offers critical funding and resources to developers, local governments, and community organizations for the creation and preservation of affordable housing. By supporting a range of activities such as new construction, rehabilitation, and tenant-based rental assistance, HOME plays a vital role in addressing the housing needs of low-income families, seniors, and individuals in Arkansas.
Provides grants to states and localities that communities use - often in partnership with local nonprofit groups - to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. It is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
- Developers
- Cities and Counties
- Community Housing Development Organizations (CHDO)
- New Construction of Multifamily Rental Housing
- Acquisition/Rehabilitation of Multifamily Rental Housing.
- Single Family New Construction Developments (SFNC)
- Tenant Based Rental Assistance (TBRA)
- ADFA offers up to $2 million in HOME funding at 1% or 2% loans amortized over 20 years.
- All HOME-assisted housing must meet a 20-year affordability period, or less depending on the activity.
These applications can be submitted at any time.
- Tenant Based Rental Assistance Application – Fillable
- Affirmative Fair Housing Market Plan (AFHMP) Guide
- Document 3
- Document 4
- Document 5
- Document 6
ADFA is designated as Arkansas’ Low Income Housing Tax Credit, (LIHTC) compliance monitoring agency. Crucial elements of compliance ensure that the appropriate number of tax credit units have been occupied by eligible households, following income eligibility guidelines and restricting rents over a specified time period. ADFA also monitors to ensure LIHTC properties are decent, safe, sanitary, and in good repair. ADFA is available to provide guidance to owners in maintaining continuous compliance with federal and state LIHTC guidelines throughout the compliance period.
In addition to monitoring the LIHTC Program there are also several housing programs funded by ADFA that require monitoring. ADFA has a Tenant Data Tracking Software Program to assist with the compliance and monitoring for each program. The software and the tenant data that is uploaded is critical for property owners to maintain compliance as well as assisting ADFA in reporting LIHTC tenant data to HUD annually.
If you should have any questions regarding Housing Compliance and Monitoring please contact Tammy White, Compliance Manager, at 501-682-5928.
Click for: COMPLIANCE AND MONITORING DOCUMENTS
- Federal Housing Program Applications are submitted through the portal
- Applicants have access to Housing Program Guides and Program Forms and Documents
- Applicants can track the status of current applications and the historical history of previous submitted applications
- Applicants have access to all applications submitted and their program documents. (Application Award or Denial Notice, Program Agreements, and other Legal Documents)
- Project draw requests for reimbursement are processed thru the portal
Primary Documents
- 2018 HOME Manual Link Update
- HOME & National Housing Trust Fund Rental Housing Guidelines
- Arkansas Standards in Housing
- Community Housing Development Organization Certification Application
- Sample Pro Forma – Non Habitat
- Notice of Non-Assignment – Habitat Applicant
- Multi-family / Rental Pay Request Checklist
- 2018 Home Policy Operations Manual
- Homebuyer Assistance Document Checklist
- Tenant Based Rental Assistance Guide
- Single Family Housing Development Guidelines
- New Construction Home Application – Excel
- Conflict of Interest Acknowledgement
- Attachment 42 – MBE WBE
- New Construction – Criminal Background and Disclosure Form
- Standard Form 424
- Section 3 Form
- Affirmative Fair Housing Marketing Plan Guide
- Affirmative Fair Housing Marketing (AFHM) Plan Single Family Housing
- Contract and Grant Disclosure Form
- Attachment 43 – W-9 Form
- Form 4000-98 Application for HOME Assistance
- New Construction Homebuyer Underwriting Feasibility Analysis
- Section 3 Guide
- Section 3 Powerpoint
- Section 3 FAQ
- Section 8 Certification Form 4736
- Section 3 Housing & Community Dev. Employer Certification Form 4736A
- Section 3 Employer Certification Form – Public Housing Form 4736B
- Section 3 Labor Hours HUD Form 4737A
- Public Housing Financial Assistance HUD Form 4737B
- Section 3 Projects with HCD Funding HUD Form 4737C
- Funding Tracker for Section 3 HUD Form 4737D
- Transfer of Ownership Request Checklist
- Ownership Transfer Letter
- Ownership Transfer Attachment 1 – Criminal Background
- Attachment 2 – Conflict of Interest Acknowledgement and Disclosure
- Attachment 3 – Contract and Grant Disclosure
- Attachment 4 – Request for Information
- Management Change Request Attachment P
- Project Change Checklist Form
- Management Previous Participation
- Schedule A (to accompany Management Previous Participation)
- Old Lakeshore Terrace – Lake Village, AR – Marketing Period Expires 5/1/25
- Property Listing – Birch Tree Acres, Berryville, AR – Marketing Period Expires May 18, 2025
- Mountainview Estates I – Gassville, AR – Marketing Period Expires May 18, 2025
- Ridge at Lake Hamilton – Hot Springs – Marketing Period Expires 10 25 2025