Arkansas Development Finance Authority (ADFA)
10/15/18 11:59 PM CST
Grants to Arkansas nonprofits, public housing agencies, organizations, and for-profit entities to construct new rental housing for extremely low-income veterans and their families. Preference is given to projects that benefit veterans with special needs or mental health issues, homeless veterans or those at risk of becoming homeless, and individuals leaving correctional institutions. Preference will also be given to surviving spouses of deceased Veterans.
Funding is intended for the production of affordable rental housing in Arkansas specifically for Veterans who meet the HUD Income Guidelines for Extremely-Low-Income (ELI).
Eligible Activities: New Construction of rental housing for eligible applicants. This RFP does not cover the rehabilitation of existing projects.
GrantWatch ID#: 184333
No single recipient may receive more than $1,000,000.00; however, ADFA has the right to waive this per-recipient allocation cap.
Eligible applicants consist of the Development Team who will construct new rental housing (single family homes, duplexes, assisted living units or multi-family units) for Veterans, in conjunction with a Non-Profit which specializes in support services for Veterans. “Development Team” means the applicant, consultant, contractor, architect, accountant, property manager, and attorney. The Veterans must meet HUD Income Guidelines for Extremely-Low-Income (ELI). Title 38 of the Code of Federal Regulations defines a veteran as “a person who served full time (active-duty service) in the military, naval, or air service and who was discharged or released under conditions other than dishonorable.” Per 24 CFR 93.250(a), in any fiscal year in which the total amount available for allocation of HTF funds is less than $1 billion (such as in 2016 and 2017), ADFA must use 100% of its HTF grant for the benefit of extremely low-income families (ELI) or families with incomes at or below the poverty line (whichever is greater).
In accordance with the requirements of §93.2, eligible recipients are defined as follows: an organization, agency, or other entity (including a public housing agency, or a for-profit entity or a nonprofit entity) that receives NHTF assistance from a grantee as an owner or developer to carry out an NHTF-assisted project. A recipient must make acceptable assurances to the grantee that it will comply with the requirements of the NHTF program during the entire period that begins upon selection of the recipient to receive NHTF funds, and ending upon the conclusion of all NHTF-funded activities. A recipient must demonstrate the ability and financial capacity to undertake, comply, and manage the eligible activity; and demonstrate its familiarity with the requirements of other Federal, State, or local housing programs that may be used in conjunction with NHTF funds to ensure compliance with all applicable requirements and regulations of such programs. The recipients must have demonstrated experience and capacity to conduct an eligible NHTF activity as evidenced by its ability to design, construct, own, manage, operate, and market affordable multi-family rental housing. ADFA will measure these requirements per methods listed in the Scoring Matrix and per documents submitted with the application found at: https://adfa.arkansas.gov/files/
Date of Grant Awards:
- NOFA Issued and Published in the Arkansas Democrat Gazette on 3/30/18-4/1/18 and on ADFA’s Website
- Proposals Due 11:59:59 PM, October 15, 2018, via email
- 7/16/18-10/15/18 Oral Interviews, if needed
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.