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NEW AFDA HOMEOWNER ASSISTANCE FUND

Learn more here.

The Arkansas Homeowner Assistance Fund (HAF) is a program administered by the Arkansas Development Finance Authority (ADFA), a division of the Arkansas Department of Commerce. The fund of approximately 54 Million dollars is intended to help low- to moderate-income homeowners, impacted by COVID-19, catch up on mortgage and utility bills and pay other housing costs.
 

The U.S. Treasury Department requires all states to develop and submit a plan in order to receive the funds. Plans will be submitted to the U.S. Treasury Department by June 30, 2021. Below is a graphic outlining the phases ADFA must follow and the status of where we are in the process.

ADFA is committed to act quickly and open the program to applicants as soon as we complete the required steps outlined by the U.S. Treasury.

EXPLORE THE PROGRAMS ADFA HAS TO OFFER

AFFORDABLE RENTAL HOUSING DEVELOPMENT

 

For future home owners and housing developers, ADFA programs support the construction and preservation of affordable housing in Arkansas.

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HOME INVESTMENT PARTNERSHIPS

DEVELOPMENT FINANCE

 

For business owners, we provide financing options to assist you to expand operations and job opportunities in our state.

CREDIT ENHANCEMENT PROGRAMS
VENTURE CAPITAL PROGRAMS

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).