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The Arkansas Development Finance Authority (“ADFA” or the “Authority”) is restarting its Single Family Mortgage Revenue Bond program. The Authority has not issued bonds under this program since 2013. It is our intention to use our existing 1995 Indenture. We anticipate issuance of only fixed rate, 30-year securities, at a volume of approximately $75,000,000 to $100,000,000 tax-exempt per year, as well as a lesser amount of taxable bonds to be blended with these.

ADFA is seeking professional service proposals to perform independent auditing services for the Authority

Tax Credits will finance the construction of 9 affordable housing developments, expanding housing options for income-eligible Arkansans

ADFA is implementing a May 31, 2023, deadline for developers to submit funding increase requests for projects that received funding in 2019, 2020, 2021, and 2022

The page includes links to resources from the federal, state and local levels, as well as information on how to remain up-to-date on the latest news regarding relief efforts. Business resources include unemployment assistance, insurance resources, consumer protection, and information on disaster loans.

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.

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!

The Arkansas Development Finance Authority ("ADFA") is proposing to implement a program for Mortgage Credit Certificates ("MCC's") in Arkansas (the "2022 MCC Program").

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.

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”).

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.

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.

The Arkansas Development Finance Authority ("ADFA") is proposing to implement a program for Mortgage Credit Certificates ("MCC's") in Arkansas (the "2021 MCC Program").

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.

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.

The Centers for Disease Control and Prevention (CDC) issued an emergency public health order to temporarily halt most evictions to prevent the further spread of COVID-19, effective September 4, the anticipated date of publication in the Federal Register.

The board of the Arkansas Development Finance Authority will hold a special board meeting via Zoom Webinar at 1 p.m., Thursday, August 6, 2020, for the purpose of discussing the proposed issuance of revenue bonds for the benefit of Big River Steel LLC., to be followed by a review and discussion of the 2020 and 2021 Qualified Allocation Plan.

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

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.

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.

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.

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’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.”