Arkansas Development Finance Authority (ADFA) Board of Directors approved funding for three applications to receive $500,000 from the Arkansas Housing Trust Fund Pilot Program.
- Riverview Hope Campus, Phase I – $250,000
- Little Rock Owner-Occupied Rehabilitation Program – $230,000
- HOPE Continuum Revolving Deposit Fund – $20,000
The Arkansas Housing Trust Fund (AHTF) Pilot Program was created by the State Legislature in 2009 and funded by the Legislature in 2013 with $500,000 in General Improvement Funds. The goal of the AHTF is to provide Arkansas communities a flexible source of funds to address affordable housing needs supporting persons at or below 80% of the area median income.