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109.04.10-I. Introduction

AR ADC 109.04.10-IArkansas Administrative Code

West's Arkansas Administrative Code
Title 109. Development Finance Authority
Division 04. Multi-Family Housing
Rule 10. Community Development Block Grant Disaster Program
Ark. Admin. Code 109.04.10-I
109.04.10-I. Introduction
Pursuant to the 2008 Supplemental Appropriations Act (Public Law 110-252) approved by Congress June 30, 2008 and the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act of 2009 (Public Law 110-329) approved by Congress September 30, 2008, the State of Arkansas will receive $25,042,358 in supplemental Community Development Block Grant (“CDBG”) funds for use in addressing the effects of five (5) Presidentially-Declared Disasters in Arkansas as follows:
FEMA #1744, declared on February 7, 2008
FEMA #1751, declared on March 26, 2008
FEMA #1758, declared on May 20, 2008
FEMA #1793, declared on September 18, 2008
FEMA #1804, declared on October 22, 2008
Of the $25,042,358 in Arkansas CDBG Supplemental Disaster Funding, the amount of $10,134,098 is to be distributed for use in the development or redevelopment of affordable rental housing related to the five (5) Presidentially-Declared Disaster areas. The CDBG Program is administered by the U.S. Department of Housing and Urban Development (“HUD”).
Arkansas Economic Development Commission (“AEDC”), as administrator of the State of Arkansas CDBG Program, and Arkansas Development Finance Authority (“ADFA”) have executed a Memorandum of Understanding (“MOU”), effective 3/13/09, designating ADFA as the State agency responsible for implementing policies related to and administration of CDBG Disaster Funds reserved for affordable rental housing.
ADFA will administer the CDBG Supplemental Disaster Funding for the development or redevelopment of affordable rental housing effectively and efficiently for existing housing conditions in the State of Arkansas and with all practical safeguards against waste, fraud, and mismanagement. ADFA will use and encourage innovation, flexibility, and expansion of program design to address unmet rental housing needs in Arkansas. To further that goal, ADFA has developed this policy and procedures manual to provide an overview of ADFA policies and procedures as they relate to the CDBG Supplemental Disaster Funds for affordable rental housing.
This policies and procedures manual is intended as a technical assistance aid to access CDBG Disaster Funds for affordable rental housing, and is not meant to be a substitute for federal CDBG Disaster Fund regulations, but rather a supplement to the federal regulations. Every effort has been made to ensure the accuracy of information contained in this manual, but questions concerning CDBG Disaster Funds for affordable rental housing should be directed to ADFA Housing staff to ascertain correct interpretations of the applicable policies, procedures, and regulations. ADFA reserves the right to implement additional policies as needed to promote effective usage of the program and its resources.

Credits

Adopted March 12, 2010.
Current with amendments received through December 15, 2023. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.04.10-I, AR ADC 109.04.10-I
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