Goals and Uses of the Housing Trust Fund/Special Exhibits
GOALS
· To contribute to economic growth through increased housing production, employment, and tax revenues;
· To leverage additional private investment in Arkansas communities;
· To provide a dedicated, flexible source of funds for communities to address their affordable housing needs;
· To help families build wealth and economic stability; and,
· To revitalize distressed neighborhoods and build healthy, vibrant communities by developing high quality affordable housing.
ELIGIBLE USES
Housing Trust Fund dollars will be used to provide grants, loans, loan guarantees, and/or loan subsidies to eligible applicants to fund residential housing and/or related activities. Eligible activities will include, but are not limited to:
· Affordable housing projects consisting of new or rehabilitation
· Construction of rental or homeownership housing
· Rental assistance
· Land acquisition
· Pre-development costs
· Infrastructure
· Transitional housing
· Down payment assistance
· Housing and foreclosure counseling
· Technical assistance
SPECIAL EXHIBITS
Act 661-Arkansas Housing Trust Fund
2020 Arkansas Code - Arkansas Housing Trust Fund
AHTF Talking Points (Message Frames)
Shelter is a basic need. Housing is interconnected with multiple policy areas.