LITTLE ROCK, AR – The Arkansas Development Finance Authority (ADFA) Board of Directors today selected Robert “Ro” Arrington as the agency’s next President. Arrington assumes the role immediately, succeeding Mark Conine, who served as ADFA President since May 2021.
“Ro brings exceptional expertise in public finance and a deep understanding of ADFA’s mission,” said Carey Smith, Chair of the ADFA Board of Directors. “His proven leadership and extensive experience make him the ideal choice to guide ADFA as we continue expanding affordable housing and economic development opportunities across Arkansas.”
Arrington has served ADFA since 2014 and most recently held the position of Vice President of Homeownership and Public Finance while serving as Interim President. In this capacity, he oversees all aspects of bond issuance for ADFA—the state’s largest bond issuer—and administers the Single Family Homeownership Program, which closed a record $323.5 million in mortgage loans in 2024.
“I am honored to lead this exceptional organization and continue ADFA’s vital work supporting Arkansas families and communities,” said Arrington. “Our team is dedicated to expanding access to affordable housing, strengthening local economies, and building a brighter future for all Arkansans.”
A former Municipal Securities Principal with over 25 years of public finance experience, Arrington has extensive expertise in all types of municipal bond structures.
Arrington is a graduate of the University of Arkansas at Fayetteville.
ADFA President Robert “Ro” Arrington
About ADFA
The Arkansas Development Finance Authority is an independent state instrumentality created to issue bonds and provide innovative financing for affordable housing, economic development, education and public infrastructure projects throughout Arkansas.
Date: December 4, 2025
Contact: Derrick Rose, Director of Communications
Phone: (501) 682-5904
Email: Derrick.Rose@Arkansas.gov