Latest News
Welcome to the Arkansas Development Finance Authority's newsroom. This page is designed to be a resource center for the media and others interested in ADFA's recent news, activities and events.
Here you will find our most recent press releases, publications and other materials related to our programs.
For more information, please contact Derrick Rose, Public Information Officer, at 501-682-5904.
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Request for Proposals State Small Business Credit Initiative American Rescue Plan Act Program Professional Consulting Services
Seeking proposals from qualified organizations to provide professional consulting services to assist ADFA in administration of the venture capital programs, including the SSBCI program in Arkansas. -
State of Arkansas HOME American Rescue Plan Document Links
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2022 HOME-ARP Community Outreach
The State of Arkansas invites you to participate in our 2022 HOME-ARP Community Outreach! Complete our online survey by Friday April 15 or attend a community meeting in April! -
PUBLIC NOTICE TO QUALIFIED HOMEBUYERS AND INTERESTED MORTGAGE LENDERS ARKANSAS DEVELOPMENT FINANCE AUTHORITY 2022 MORTGAGE CREDIT CERTIFICATE PROGRAM
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Request for Proposals - HOME- ARP Policies and Procedures Manual and Consulting Services
The Arkansas Development Finance Authority (“ADFA”) seeks proposals from qualified firms to engage in public participation processes and develop a HOME-ARP allocation plan and develop a Policies and Procedures Manual for the HOME Investment Partnerships Program-ARP (“HOME-American Rescue Plan”), a program of the U.S. Department of Housing and Urban Development (“HUD”). -
New Federal Legislation Eases Access to Financing for Broadband Projects with Qualified Private Activity Bonds
The Arkansas Development Finance Authority (ADFA) is the state agency responsible for allocating the State’s volume cap amount among agencies, municipalities or private activity bond categories. -
Public Notice to Qualified Homebuyers and Interested Mortgage Lenders, ADFA 2021 Mortgage Credit Certificate Program
This public notice serves two purposes. First, it notifies the general public concerning the establishment of the 2021-A MCC Program. Secondly, it serves as a notice to interested mortgage lenders to request an application form and learn about the requirements for participating in the 2021-A MCC Program. -
Arkansas Homeowner Assistance Fund (ArkansasHAF)
The ArkansasHAF program is intended to provide funds to help homeowners avoid financial hardships such as delinquent mortgages, defaults, foreclosures, and loss of utilities after January 21, 2020. -
PUBLIC NOTICE TO QUALIFIED HOMEBUYERS AND INTERESTED MORTGAGE LENDERS ARKANSAS DEVELOPMENT FINANCE AUTHORITY 2021 MORTGAGE CREDIT CERTIFICATE PROGRAM
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Media Statement from CDC Director Rochelle P. Walensky, MD, MPH, on Extending the Eviction Moratorium
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Community Action “Arkansas Fresh Start” Program to Offer COVID-19 Rental Assistance
The state’s Community Action Agencies will soon begin offering rental assistance to those affected by the COVID-19 pandemic, through a new program known as “Arkansas Fresh Start,” made possible by $10 million in combined grants received through the Arkansas Economic Development Commission (AEDC) and the Arkansas CARES Act Steering Committee. The program, which will be administered by the Arkansas Community Action Agencies Association (ACAAA), is expected to begin in early November. -
MEMORANDUM - Low-Income Housing Tax Credit Participants and Other Interested Parties - Proposed 2021 QAP
At its meeting on October 15, 2020, the Arkansas Development Finance Authority (the “Authority”) proposed a Qualified Allocation Plan (“QAP”) to set forth criteria for the allocation and award of federal low-income housing tax credits (“LIHTC”) pursuant to applications filed with the Authority beginning in 2021. The proposed 2021 QAP is in many respects similar to the 2020 QAP now in effect but also contains significant changes. -
CDC Issues Emergency Order to Halt Evictions
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NOTICE OF SPECIAL ADFA BOARD MEETING - THURSDAY, AUGUST 6, AT 1:00 P.M.
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PUBLIC NOTICE TO QUALIFIED HOMEBUYERS AND INTERESTED MORTGAGE LENDERS ARKANSAS DEVELOPMENT FINANCE AUTHORITY 2020 MORTGAGE CREDIT CERTIFICATE PROGRAM
The Arkansas Development Finance Authority ("ADFA") is proposing to implement a program for Mortgage Credit Certificates ("MCC's") in Arkansas (the "2020 MCC Program"). MCC's are a form of Federal income tax credits to qualified homebuyers. -
NOTICE OF PUBLIC HEARING ON PROPOSED PLAN OF FINANCE AND ISSUANCE OF REVENUE BONDS BY ARKANSAS DEVELOPMENT FINANCE AUTHORITY FOR THE BENEFIT OF BIG RIVER STEEL LLC
A public hearing will be conducted by a representative or representatives of the Arkansas Development Finance Authority (the “Authority”) with respect to the proposed issuance by the Authority of its industrial development revenue bonds in an aggregate principal amount not to exceed $600,000,000. -
Solicitation of Comments on Qualified Allocation Plan
ADFA’s latest QAP (the “2020 QAP”) governs the ongoing 2020 competitive 9% LIHTC round, under which applications were due and accepted on March 2, 2020. The 2020 QAP sets forth scoring criteria under which the applications are ranked by scores, which determine the projects to receive allocations of 9% LIHTC. (Those determinations are expected to be announced in July 2020.) The 2020 QAP also governs applications for 4% LIHTC and applications under other multifamily programs administered by ADFA. -
COVID-19 Response - If you own or manage an ADFA affordable property
ADFA has temporarily suspended site inspections. For properties scheduled for an inspection this year, we will begin conducting remote audits of the tenant files and compliance documents received during a review. -
CARES Act Imposes 120-Day Moratorium on Eviction Filings for Housing Credit Properties, Other
The CARES Act (Act) signed into law by the President imposes a 120-day moratorium on tenant eviction filings and charging late fees for much of the nation’s affordable housing properties, including Housing Credit properties. -
ADFA Board approves $10.6 million in Low Income Housing Tax Credits to expand housing options for income-eligible Arkansans
“ADFA’s multifamily financing remains an important component to ensuring our expanding workforce has adequate, high quality housing in which to live,” said ADFA President Bryan Scoggins. “The Low Income Housing Tax Credit Program is a remarkable example of how public and private dollars can serve all Arkansans and benefit the overall economic health of our state.”