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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