Arkansas Development Finance Authority

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Second 9% LIHTC Competitive Funding Round Approved. The ADFA Board Housing Review Committee approved a second 9% LIHTC competitive application cycle for 2024. The second application cycle of 2024 will compete for the remainder (estimated to be $3,200,000 in annual LIHTC but could be higher) of the State’s 2024 9% LIHTC allocation after the initial competitive 9% LIHTC application cycle. The second competitive application cycle will continue to use the 2024 QAP and 2024 MFHA. Applicants who participate in the second competitive application cycle will not be competing with the initial 2024 applicants.   Application Deadline: August 1, 2024 4:30pm   Review and Response Period: Ends September 23rd   Scoring Notification: September 30th   ADFA approves successful applicants: October 17th

CONGRATULATIONS to HUNTER STRONG of FIRST TRUST HOME LOANS, the 2023 ADFA Loan Officer of the Year. Hunter closed an impressive 40 ADFA mortgages, totaling $6,208,228. We would also like to extend our heartfelt gratitude to the Mortgage Bankers Association of Arkansas for giving us the opportunity to announce our lender of the year award at the 2024 MBA Great River Conference. It was an absolute honor to share the stage with such distinguished members of the mortgage industry and recognize the remarkable achievements of our colleagues.

Wishing you a "Merry & Bright" Christmas season!

The 2024 Qualified Allocation Plan (QAP) for the State of Arkansas has been posted to the ADFA website. This is important to the affordable housing industry in Arkansas, as the QAP plays a critical role in guiding the allocation of Low Income Housing Tax Credits (LIHTCs). LIHTCs are a key tool for financing affordable housing developments across the country. The QAP helps to ensure that these credits are allocated in a fair and effective manner, maximizing their impact and helping to address the affordable housing crisis. https://lnkd.in/gWvFQgTu

COMPLIANCE MONITORING SPECIALIST Grade GS06 SUMMARY: The Compliance Monitoring Specialist will schedule, and conduct file audits and unit inspection follow ups; review recordkeeping procedures; calculate rents, income limits; review leases, agreements, status reports, etc. Inspect buildings, common areas, and units; review Fair Housing compliance and submit monitoring reports.   The above position is advertised on the ARCareers website: https://lnkd.in/gQ54YAjz . 

Arkansas Development Finance Authority, ADFA, is accepting applications for the position of Senior Accountant. This is a full-time position. JOB SUMMARY The Senior Accountant works under the general direction of the Assistant Controller. Performs monthly Financial Statement reviews, reconciles trust and bank accounts. Reconciles general ledger accounts and records appropriate related journal entries. Prepare and analyze spreadsheets and schedules. Prepare various reports and reconciliations. Apply at: https://lnkd.in/gT52Vq4N

Arkansas Development Finance Authority, ADFA, is accepting applications for the position of Financial Accountant. This is a full-time position. JOB SUMMARY: The Financial Accountant works under general direction of the Accounting Controller. Performs monthly bookkeeping/accounting functions and Financial Statement review. Processes accounts payable and cash disbursements for multiple checking accounts and bond funds and performs daily administrative duties. Other duties include, but not limited to, maintaining general ledger and trust accounts, as well as, preparing various reports and reconciliations. Apply at:   https://lnkd.in/gup-H9UA

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