Homeownership Programs | Economic Development Programs | Affordable Housing Programs
American Recovery and Reinvestment Act Programs
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.
Arkansas Credit Reserve (AR Cash) Program
- encourages financial institutions to make
loans to small businesses that fall just outside their conventional
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.
State of Arkansas State Small Business Credit Initiative (SSBCI) - Arkansas received $13,168,350 under the SSBCI which is expected to generate a minimum “bang for the buck” of at least $10 in new private lending for every $1 in federal funding.
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.
"HomeToOwn" (Mortgage Revenue Bond Program)
- low interest rate loans to low and moderate income Arkansans.
Borrower must be a first-time-homebuyer unless the property is located in a
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.
ARRA - HOUSING DEVELOPMENT
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