Our Vision
Raise the standard of living of Arkansans through direct in-kind assistance, entrepreneurial job creation, improved economic policy, enhanced access to higher education funding, and responsible public finance. Responding to the changing needs of Arkansas' growing and increasingly diverse population and business community since 1985.
About ADFA
ADFA is a public body politic and corporate, created in 1985 as successor to the Arkansas Housing Development Agency created in 1977. ADFA’s enabling legislation authorizes it to borrow money and issue bonds to provide sufficient funding for financing affordable housing, various business and economic development projects, and capital improvements for state agencies. Effective 7/1/2017, Arkansas Student Loan Authority merged with ADFA. Both ADFA and ASLA are self-funded primarily through investment and loan earnings. ADFA also receives federal funds. ADFA is the exclusive issuer of bonds for state agencies. Neither ADFA nor ASLA is a regulatory or licensing agency. ADFA (including ASLA) is governed by a 14-member board of directors, consisting of the Director of DFA, the Treasurer of the State, eleven public members appointed by the Governor, and the President of the Authority (non-voting).
Mission
To promote economic growth in the state of Arkansas by providing and supporting financing for affordable housing, agricultural business enterprises, industrial and economic development, capital improvement for state agencies and local governments, higher education funding and related programs, and by promoting better economic policy.
Board of Directors
A board of directors governs the affairs of the Authority. It is composed of the State Treasurer, Director of the Department of Finance and Administration, and eleven public members appointed by the Governor. The President of the Authority is an ex-officio, non-voting member of the board. The public members represent a broad cross section of interests from all geographic regions of the state. They voluntarily bring to the Authority a diversity of experience, talent and opinion.
Mark Conine
Katelyn Busby
Seth N. Mims
Stephanie Garner
Mark Lowery
Carey Smith
Denise Sweat
Larry Walther
Dr. Lee "Lillie" Lane
George O'Connor
Rod Coleman
Jon Chadwell
Harold Perrin
Hugh McDonald
