You are Invited!
Please join us for discussion of the
Arkansas Housing Trust Fund Program Regulations.
We encourage and value your input during the drafting process of AHTF Program Regulations.
What: Presentation of the Drafted AHTF Program Regulations
Why: We value your input!
When: April 17thth, 2014 Thursday 2:30 P.M. (following the regular ADFA Board meeting)
Where: Bessie Moore Conference Rm., State Library- 2nd Floor
900 W. Capitol, Little Rock, AR 72201
For Directions Click Here
No Registration Needed.
ARKANSAS HOUSING TRUST FUND
Advisory Committee meetings are held at ADFA at 900 W. Capital, Suite 310, Little Rock at 10:00 AM every other month on the first Wednesday of the month. The public is welcome to attend. The 2014 meetings will be on April 2nd, June 4th, August 6th, October 1st, and December 3rd.
The Arkansas Housing Trust Fund was established in 2009 via Act 661 and enacted with Senate Bill 396 by the Arkansas Legislature to:
· Provide a flexible source of funds for communities to address their affordable housing needs;
· Help families attain economic stability;
· Revitalize distressed neighborhoods and build healthy, vibrant communities by developing high-quality affordable housing;
· Leverage additional private investment in Arkansas communities;
· Contribute to economic growth through increased housing production, employment, and tax revenues, thereby benefitting all the citizens of the state;
· Alleviate deficiencies in the supply of safe, accessible, and affordable housing for the citizens of the state most likely, because of low incomes, to suffer from these deficiencies, including without limitation persons who are homeless, disabled, elderly, or victims of domestic violence; and
· Alleviate deficiencies in the supply of safe, accessible, and affordable housing for the citizens of the state living in rural areas.
The fund supports projects and activities that assist persons at or below 80% percent of the area median income. Committee members represent diverse areas of interest and are appointed by the Governor, the Speaker of the House, and the Senate President Pro Tempore according to the terms outlined in Act 661 and Senate Bill 396 of 2009. The Advisory Committee advises the ADFA Board of Directors concerning matters relating to the Arkansas Housing Trust Fund.
At present, $500,000 has been allocated for a pilot housing program. The Housing Trust Fund Pilot Program Request for Proposal (RFP) is currently being drafted, along with the Program Regulations which outline eligible beneficiaries and eligible activities. All future applications will be evaluated according to criteria included in Act 661 and in section 15-5-1708 of Senate Bill 396. The public is invited to any meetings of the Arkansas Housing Trust Fund Advisory Committee. Individuals requiring special accommodations to attend this meeting should contact Lou Tobian, Chairman of the Committee, 24 hours in advance by calling (501) 217-1638 or emailing LTobian@aarp.org.