Arkansas Housing Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
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Arkansas's Housing Trust Fund was established in 2009, but did not receive funding until 2013. The Trust Fund provides grants and loans for new construction, rehabilitation, rental assistance, land acquisition, predevelopment costs, infrastructure costs, down payment assistance, housing counseling, and technical assistance.
Funding Description:
In 2013, the Arkansas General Assembly allocated $500,000 to the Trust Fund, the first allocation of state funding. There funds were awarded by the Arkansas Development Finance Authority (“ADFA”) Board in 2015. Additionally in 2015, a bill was filed for recapitalization of the Trust Fund, the bill was approved, but no appropriation were made. Currently, there are no funds in the Trust Fund. Efforts are underway to make a major request for additional Trust Fund appropriations in the 2017 Legislative Session.
PLEASE NOTE: Some of the information on housing trust funds included in this database was provided by the Center for Community Change (Housing Trust Fund Project). Go to www.housingtrustfundproject.org for more information on State and Local Housing Trust Funds.
Website: http://www.arkansas.gov/adfa/Press%20Releases/Press%20Releases%202015/arkansas_housing_trust_fund_pilot.htm
Contact: Sara Oliver, Arkansas Development Finance Authority, 501-682-5900, [email protected]
