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Arkansas Development Finance Authority

ADFA is a public body politic and corporate, created in 1985 as successor to the Arkansas Housing Development Agency created in 1977. ADFA’s enabling legislation authorizes it to borrow money and issue bonds to provide sufficient funding for financing affordable housing, various business and economic development projects, and capital improvements for state agencies. Effective 7/1/2017, Arkansas Student Loan Authority merged with ADFA. Both ADFA and ASLA are self-funded primarily through investment and loan earnings. ADFA also receives federal funds. ADFA is the exclusive issuer of bonds for state agencies. Neither ADFA nor ASLA is a regulatory or licensing agency. ADFA (including ASLA) is governed by a 14-member board of directors, consisting of the Director of DFA, the Treasurer of the State, eleven public members appointed by the Governor, and the President of the Authority (non-voting).

Key Services

Single Family Housing Affordable Rental Housing Development Credit Enhancement Venture Capital Programs


Department of Commerce
Department of Commerce - Arkansas Development Finance Authority
Department of Commerce - Arkansas Development Finance Authority
Arkansas Development Finance Authority
["Single Family Housing","Affordable Rental Housing Development","Credit Enhancement","Venture Capital Programs"]

Frequently Asked Question

Can I get a home loan from ADFA?
Participating lenders take care of all mortgage loan origination functions, such as application, loan terms, processing, underwriting and closing. For more information go to our homeownership website at

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