Economic Development
ADFA Co-Investment Fund
(Qualified SSBCI Program) -
direct
co-investments in Arkansas companies that have received commitments for
an institutional venture capital investment from qualified venture
capital entities.
Arkansas Venture Capital
Investment Program - Increase the availability of equity and near
equity capital for emerging, expanding, relocating, and restructuring
enterprises in Arkansas.
Arkansas Risk Capital Matching Fund
(Qualified SSBCI Program) - The Arkansas Risk Capital Matching Fund (ARCMF) works to
strengthen and advance the financial infrastructure that supports and
accelerates the growth of technology-based enterprises in Arkansas.
Beginning Farmer Loan Program
- assists
beginning farmers acquire agricultural property at lower interest rates.
Capital Access Program
(Qualified
SSBCI Program) - creates a method for
making slightly higher risk loans more attractive to participating lending institutions.
Disadvantaged Business Enterprise Program
(Qualified SSBCI 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
(Qualified SSBCI 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.
Seed and Angel Capital Network
(Qualified SSBCI
Program) -
The
existing ADFA “fund of funds” model has been expanded to include making
commitments for risk capital investments to Arkansas based seed and
angel capital funds.
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.
Mortgage Credit Certificate Program Guide
- A Mortgage Credit Certificate is a direct
dollar for dollar federal income tax credit to the homebuyer. The
amount of the tax credit benefit may not exceed $2,000 in any given tax
year.
ADFA's Arkansas 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.
Arkansas Housing Trust Fund - supports projects and
activities that assist persons at or below eighty percent (80%) of the area
median income.
Affordable Rental Housing
Financing Adjustment Factor ("FAF") /
Below Market Interest Rate Funds when available, are
intended to fill gaps in a
development's budget to ensure affordability of FAF-assisted housing
units for very low income families. Applications must contain a
minimum of 5 units.
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.
CDBG
Disaster Program for Affordable Rental Housing -
CDBG Supplemental Disaster Funding for the
development or redevelopment of affordable rental housing.
Assisted Living
Incentive Fund - used to
incentivize the development of affordable Assisted Living housing in Arkansas
and to strengthen the financial feasibility of such developments
Arkansas Housing Trust Fund -
supports projects and activities that assist persons at or below eighty percent
(80%) of the area median income.
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