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

​[Act 365 of 2023 eliminated several "inactive commissions and committees."  Among those eliminated is the Arkansas Housing Trust Fund Advisory Committee.  Sections 28 through 31 of Act 365 repeal the elements of the Arkansas Housing Trust Fund Act that reference the Advisory Committee including "definition, administration, creation of the Committee, and roles and responsibilities of the Committee.]

2020 Arkansas Code - Arkansas Housing Trust Fund

AHTF Talking Points (Message Frames) 

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Shelter is a basic need.   Housing is interconnected with multiple policy areas.