HOME INVESTMENT PARTNERSHIPS PROGRAM
guidance manual for designing & constructing inclusive, functional dwellings
SINGLE FAMILY
Input the loan amount and interest rate of the first mortgage below to determine the MCC savings.
PowerPoint presentation of the September 5, 2019, training titled "DOING BUSINESS WITH SERVISOLUTIONS"
LOW INCOME HOUSING TAX CREDIT
Last revised January 14, 2021.
The Multifamily Housing Application ("Application" or "MFHA") can be used for multiple housing funding sources available from Arkansas Development Finance Authority ("ADFA" or the "Authority"). However the primary use is for developments applying for the Low Income Housing Tax Credit ("LIHTC" or "Housing Credit").
Board Approved 12/7/16
Excel Format
OWNERSHIP TRANSFERS
MULTIFAMILY PROPERTIES FOR SALE
NATIONAL HOUSING TRUST FUND "NHTF"
This NOFA is open indefinitely or until all funds are awarded. Written proposals responding to the questions and requests for information in the manner specified in this NOFA should be submitted to the following: nofa@adfa.arkansas.gov To be considered, one (1) copy of the proposal should be delivered to ADFA via email only. ADFA reserves the right to reject any or all proposals.
All funding requests for multi-family housing use the same application and forms.
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.
NEIGHBORHOOD STABILIZATION PROGRAM
COMPLIANCE AND MONITORING
Annual Owner Certifications are due by February 1, 2021. The forms and instructions may be found on the Property Managers Portal
Rental Housing Projects funded with ADFA Housing Funds must report tenant data through ADFA’s Tenant Data Reporting Software as monthly changes occur. Management agents will be given access to upload and maintain the tenant data.
Please note the HOME Final Rules Changes have not been updated in this guide.
Please view HUD Website for updates.
Note trust accounts can be income or assets.
Used by manager to show real estate calculations.
Suggest also printing up values from zillow.com or trulia.com.
Use to verify whole or universal policies. Term accounts have no cash value and do not count as assets.
Use this to verify mutual funds, annuities, IRA, 401K, etc.
Use this to verify bank accounts such as savings, checking, CD.
This can be used by a 3rd party making payments.
Use to verify child support or alimony through the court system.
Use this for anyone who receives income as a business owner, independent contractor, sole proprietor, cash pay, odd jobs, etc.
Use this to verify ongoing cash contributions or for recurring contributions for things such as rent payments, utility payments, etc.
Use this when annualized YTD pay does not closely match projected pay data provided by employer.
Used by manager to document file with efforts to obtain 3rd party verification.
Revised in 2012 as a fillable form with additional questions.
Use to obtain medical verification for the need of a live in aide.
Used by a tenant with a live in aide. Make sure to also obtain medical verification of this.
Use for anyone divorced, separated, widowed, or estranged from their spouse.
Use for any child not living with both biological or adoptive parents to help establish income and student eligibility.
Use this for any tenant employed in a seasonal capacity.
Use this for any adult tenant with no job. Note form was revised in 2013 with added questions.
Use this for any adult tenant with no reported income.
Tax credit only form.
Use for all college/university students.
All adult members of household complete and execute (tax credit only form).
Replaces interview checklist and recert questionnaire. This form should be used when completing tenant re-certifications to assist with documenting any changes to the household instead of using the 8 page application every year. (The 8 page application is still required at move-in).
Use to document information obtained verbally or to explain any unusual circumstance in the file.
Use this form to create a record of your income and rent limits along with the income and asset calculations for each household.
$500 change fee is required and all required documents listed in this form must be provided with this request.
Low Income Housing Tax Credits Only - Please note ADFA must approve all project changes prior to the change being made by the owner. If a change has been implemented prior to ADFA's approval the change fee will be $1000 unless there has been an emergency circumstance beyond the owners control.
HOUSING REGULATIONS
"DRAFT" of the Substantial Amendment to the Arkansas State Consolidated Plan and the 2016 Annual Action Plan for the State of Arkansas, administration of the National Housing Trust Fund. The State of Arkansas has received notice that it will receive $3,000,000 in National Housing Trust Fund grant funds from the U.S. Department of Housing and Urban Development for the 2016 Grant Year. These funds will be administered by the Arkansas Development Finance Authority.
July 1, 2019 - June 30, 2020
Reporting Period July 1, 2013 through June 30, 2014
CAPITAL ACCESS PROGRAM
ENTREPRENEUR FEE WAIVER PILOT PROGRAM
ADFA supplies applications for the Entrepreneur Fee Waiver Pilot Program created under Act 857 of 2017 at the request of the Arkansas General Assembly. Download the attached fillable PDF for more information.
ARKANSAS VENTURE CAPITAL PROGRAMS
REQUESTS FOR PROPOSALS
REQUEST FOR PROPOSALS ARCHIVE
The Bond Counsel will assist with the Energy Savings Bonds (the”Bonds”) for the Arkansas Energy Performance Contracting Program (the “Program”) specifically related to Department of Correction (“DOC”) projects.
The Arkansas Development Finance Authority (“ADFA” or the “Authority”) is charged with the responsibility of administering federal low-income housing tax credits (“Housing Credits”) for the State of Arkansas (the “State”). ADFA is also charged with the responsibility of promulgating rules and regulations concerning the allocation of the Arkansas low-income housing tax credit (the “State Housing Credits”) pursuant to Ark. Code Ann. § 26-51-1701 et seq. The Tax Reform Act of 1986 created the Housing Credit to encourage the private sector to invest in the construction and rehabilitation of housing for low and moderate-income individuals and families. Section 42 of the Internal Revenue Code of 1986, as amended (“IRC” or the “Code”), mandates that housing credit agencies adopt a Qualified Allocation Plan (“QAP”) for allocation of the Housing Credit to low-income rental developments throughout their respective states. Low-income housing tax credits shall be allocated in accordance with this plan or any amendments thereto. Part of the QAP addresses the need for an Independent Market Study when dealing with rehabilitation developments and tax-exempt bonds. The requirement for an independent market study is detailed in the 2019 QAP, Section I(C)(6) and I.R.C. Section 42(m)(1)(A)(iii). ADFA would like to solicit proposals from qualified firms to provide the described market studies. Any firm selected pursuant to this RFP shall serve at the pleasure of ADFA, and the professional services of any firm selected may be terminated at the sole discretion of ADFA upon delivery of written notice of such termination to the firm. ADFA reserves the right to select one or more firms to serve as the market study provider. Any firm selected pursuant to this RFP shall serve at the pleasure of ADFA, and the professional services of any firm selected may be terminated at the sole discretion of ADFA upon delivery of written notice of such termination to the firm.
The Arkansas Development Finance Authority (ADFA) is requesting proposals from investment banking firms to serve as senior underwriter for the financing of the Authority's Economic Development Revenue Bond Program. Bonds issued by ADFA will be guaranteed by the ADFA Bond Guaranty Program or the Arkansas Economic Development Commission (AEDC) Bond Guaranty Program.
The Arkansas Development Finance Authority (“ADFA”) seeks proposals from qualified firms to develop a Policies and Procedures Manual for the HOME Investment Partnerships Program (“HOME Program”), a program of the U.S. Department of Housing and Urban Development (“HUD”). The successful firm must demonstrate direct experience providing expertise, consulting services, and technical assistance in all aspects of the HOME Program. Expertise in any of the other federal requirements set forth in 24 CFR 92.350 through 24 CFR 92.358 will be viewed as an added benefit.
ADFA FINANCIAL INFORMATION
PRIVATE ACTIVITY BOND CAP
PROGRAM ACTIVITY REPORTS
CONDUIT BONDS
RENTAL HOUSING DEVELOPMENT
NOTICE OF FUNDING AVAILABILITY
This NOFA is open indefinitely or until all funds are awarded. Written proposals responding to the questions and requests for information in the manner specified in this NOFA should be submitted to the following: nofa@adfa.arkansas.gov To be considered, one (1) copy of the proposal should be delivered to ADFA via email only. ADFA reserves the right to reject any or all proposals.
Deadline for submitting applications for the January 2019 Multi-Family/Rental Notice of Funds Availability (NOFA) has been extended to February 25, 2019. We will accept questions about this NOFA until February 18, 2019.
One (1) Application on ADFA forms (electronic submissions only) must be submitted to ADFA along with all supporting documents. The Application may be submitted anytime on or after January 21, 2019 at 8:00 a.m., but no Applications will be accepted after January 25, 2019 at 2:00 p.m. All Applications must arrive at ADFA by the date and time indicated in order to be considered.
One (1) Application on ADFA forms (electronic submissions only) must be submitted to ADFA along with all supporting documents. The Application may be submitted anytime on or after January 15, 2019 at 8:00 a.m., but no Applications will be accepted after January 28, 2019 at 2:00 p.m. All Applications must arrive at ADFA by the date and time indicated in order to be considered.