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Homeownership Programs | Economic Development Programs | Affordable Housing Programs

 

Economic Development

Arkansas Venture Capital Investment Program - Increase the availability of equity and near equity capital for emerging, expanding, relocating, and restructuring enterprises in Arkansas

Aquaculture Program
- coordinates the aquaculture industry in Arkansas.

Beginning Farmer Loan Program - assists beginning farmers acquire agricultural property at lower interest rates.

Capital Access Program - creates a method for making slightly higher risk loans more attractive to participating lending institutions.

Cooperative Revolving Loan Fund - provides low interest rate loans to agricultural cooperatives who are producing/marketing fruit & vegetable products.

Disadvantaged Business Enterprise Program - provides banks with working capital guarantees for disadvantaged business enterprise contractors.

Farm Mediation Program
- provides a forum for farmers and lenders to resolve loan debt service payment problems.

Industrial Development Bond Guaranty Program
- provides long-term, below market fixed interest rate loans to manufacturing industries.

Port Facilities Revolving Loan Program - supports investment in port facilities for Arkansas' navigable waterways.

Speculative Building Loan Program - provides a source of financing to Industrial Development Corps. interested in building spec. industrial facilities.

Tourism Development Loan Program - loans for new business start up or expansion in the tourism industry

Waste Water Revolving Loan Fund - provides low interest rate financing to municipalities wishing to improve their waste water treatment facilities.

 

Homeownership

HomeToOwn (Mortgage Revenue Bond Program) - low interest rate loans to low and moderate income first time homebuyers.

Down Payment Assistance Program - provided to qualifying lower-income Arkansans.

ADFA's American Dream Downpayment Initiative - downpaymennt assistance for lower income Arkansans.

HOME Program - homeowners assisted with HOME funds must have incomes at or below 80% of the area median income adjusted for family size. The home must be the owner's principal residence and must be valued at or below 95% of the median area purchase price.

Affordable Rental Housing

Low Income Housing Tax Credit Program - assists in the development of apartments for low income Arkansans.

HOME Program - Federally funded program with housing grant funds targeted to assist low and very low income Arkansans.

Tax-Exempt Multi-Family Housing Bonds - below market rate mortgages provided to developers who agree to set rents that are affordable to low to moderate income families.

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