Low Income Housing Tax Credit Program

Low Income Housing Tax Credit Program is sponsored by Arkansas Development Finance Authority (ADFA). Encourages private investment in the development and rehabilitation of affordable rental housing for low-income households.

Low Income Housing Tax Credit Program - Arkansas Development Finance Authority Low Income Housing Tax... Low Income Housing Tax Credit Program The Low Income Housing Tax Credit (LIHTC) Program, administered by ADFA, is a federal program created to encourage private investment in the development and rehabilitation of affordable rental housing for low-income households.

By offering tax credits to developers, the program incentivizes the acquisition, rehabilitation or new construction and maintenance of high-quality, affordable rental units, ensuring that lower-income families and individuals have access to stable, affordable housing options. Arkansas receives an allocation of approximately $9 million in Low-Income Housing Tax Credit per year.

This does not include tax credit developments utilizing tax-exempt bond financing Non-profit and profit motivated organizations and businesses developing housing for low-income persons and families. Low Income Housing Tax Credits are awarded to developers of residential rental developments for providing affordable housing units for a minimum of 30 years.

The credits are redeemed annually for a term of ten years beginning with the tax year the development is placed in service. The State of Arkansas receives approximately $9,000,000 in 9% LIHTC annually that is allocated to developers by a competitive application cycle that begins in March of each year. Allocations are announced at the July ADFA Board of Directors meeting.

4% LIHTC is available to developments that are financed with tax exempt bonds approved by ADFA’s Board of Directors. Applications for 4% LIHTC/Bond Volume Cap are accepted year round. Compliance and Monitoring All developments receiving tax credits must comply with income and rent limitations for a minimum of 30 years.

ADFA is designated as Arkansas’ Low Income Housing Tax Credit, (LIHTC) compliance monitoring agency. Crucial elements of compliance ensure that the appropriate number of tax credit units have been occupied by eligible households, following income eligibility guidelines and restricting rents over a specified time period. ADFA also monitors to ensure LIHTC properties are decent, safe, sanitary, and in good repair.

ADFA is available to provide guidance to owners in maintaining continuous compliance with federal and state LIHTC guidelines throughout the compliance period. In addition to monitoring the LIHTC Program there are also several housing programs funded by ADFA that require monitoring. ADFA has a Tenant Data Tracking Software Program to assist with the compliance and monitoring for each program.

The software and the tenant data that is uploaded is critical for property owners to maintain compliance as well as assisting ADFA in reporting LIHTC tenant data to HUD annually. For questions regarding Housing Compliance and Monitoring, please contact Tammy White , Compliance Manager, at 501-682-5928.

Click for: COMPLIANCE AND MONITORING DOCUMENTS Access the Tenant Data Reporting Software Federal Housing Programs Portal Other functions of the ADFA Programs Portal Federal Housing Program Applications are submitted through the portal Applicants have access to Housing Program Guides and Program Forms and Documents Applicants can track the status of current applications and the historical history of previous submitted applications Applicants have access to all applications submitted and their program documents.

(Application Award or Denial Notice, Program Agreements, and other Legal Documents) Project draw requests for reimbursement are processed thru the portal The ADFA Programs Portal is required for the submission of Housing Program Applications and will provide access to forms, documents and program guides.

ADFA Programs Portal Administrator Setup Form Instructions Federal Housing Programs Portal 2026 Qualified Allocation Plan (QAP) 2025 Qualified Allocation Plan (QAP) HOME- Notice of HOME funding availability for 2025 LIHTC Applications Environmental Review Requirement for Tax Credit/HOME/NHTF Applications Affirmative Fair Housing Marketing Plan Guide Qualified Contract Policies & Procedures Rules for Reservation of Private Activity Bond Cap Notice of HOME funding availability for 2026 LIHTC applications Multi-Family Housing Application 2026 Multi-Family Housing Application 2025 Multi-Family Housing Application ADFA Programs Portal User / Provider Setup Form Attachment A – Criminal Background and Disclosure Form Attachment B – Environmental Assessment Form Attachment C – Identity of Interest Organizational Chart and Verification (Sample Only) Attachment E – Building and Unit Designation Attachment F-1 – Conflict of Interest Acknowledgement Attachment F-2 – Contract and Grant Disclosure Design Standards Manual for New Construction and Rehabilitation Attachment I – Affirmative Fair Housing Marketing Plan Attachment J – Minority & Women Business Enterprises Plan Attachment K – W-9 (Request for Taxpayer ID Number) Attachment L – HOME Match Form Attachment P – Release of Information Form Tenant Selection Plan Policy Template Approved Market Study Firms Capital Needs Assessment Firms Criminal Background Check and Policies Gross Rent Floor Election LIHTC Carryover Documents 2022 Certification fo Carryover-Allocation Basis 2021 Carryover – Allocation Application LIHTC Final Cost Certification Final Development Sources 1-8-2018 Final Development Costs 10-22-19 Final Cost Certification Requirements rev.

1-9-2018 Land Use Restriction Agreement and Restrictive Covenants Model Final Cost Certification CPA Letter LIHTC Recipients 2005 to Present 2026 Low Income Housing Tax Credit Recipients 2025 Low Income Housing Tax Credit Recipients 2024 Low Income Housing Tax Credit Recipients 2023 Low Income Housing Tax Credit Recipients 2022 Low Income Housing Tax Credit Recipients 2021 Low Income Housing Tax Credit Recipients 2020 Low Income Housing Tax Credit Recipients 2019 Low Income Housing Tax Credit Recipients 2018 Low Income Housing Tax Credit Recipients 2017 Low Income Housing Tax Credit Recipients 2016 Low Income Housing Tax Credit Recipients 2015 Low Income Housing Tax Credit Recipients 2014 Low Income Housing Tax Credit Recipients 2013 Low Income Housing Tax Credit Recipients 2012 Low Income Housing Tax Credit Recipients 2011 Low Income Housing Tax Credit Recipients 2010 Low Income Housing Tax Credit Recipients – 2nd Round 2010 Low Income Housing Tax Credit Recipients 2009 Low Income Housing Tax Credit Recipients 2009a Low Income Housing Tax Credit Recipients 2008 Low Income Housing Tax Credit Recipients 2007 Low Income Housing Tax Credit Recipients 2006 Low Income Housing Tax Credit Recipients 2005 Low Income Housing Tax Credit Recipients Management and Ownership Transfers Transfer of Ownership Request Checklist Ownership Transfer Letter Ownership Transfer Attachment 1 – Criminal Background Attachment 2 – Conflict of Interest Acknowledgement and Disclosure Attachment 3 – Contract and Grant Disclosure Attachment 4 – Request for Information Management Change Request Attachment P Project Change Checklist Form Management Previous Participation Schedule A (to accompany Management Previous Participation) Multi-Family Properties for Sale Property Listing – Birch Tree Acres, Berryville, AR – Marketing Period Expires May 18, 2025 Calico Terrrace ~ Calico Rock, AR ~ Marketing Period Expires 4.

18. 26 john. blackwell@arkansas.

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