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109.04.2-V. Receipt of Application.

AR ADC 109.04.2-VArkansas Administrative Code

West's Arkansas Administrative Code
Title 109. Development Finance Authority
Division 04. Multi-Family Housing
Rule 2. Guidelines for Reserving Volume Cap for Tax-Exempt Private Activity Bonds for Residential Rental Housing
Ark. Admin. Code 109.04.2-V
109.04.2-V. Receipt of Application.
Application for 2009 Multifamily Volume Cap requires compliance with:
1. The Arkansas Development Finance Authority Rules and Regulations Implementing the Law on the Allocation of the State Volume Cap for Private Activity Bonds Pursuant to Act 1044 of 2001 (“Volume Cap Rules and Regulations”) in effect at the time an application is filed;
2. These 2009 Guidelines for Reserving Volume Cap for Tax-Exempt Private Activity Bonds for Residential Rental Housing (“2009 Bond Guidelines for Residential Rental Housing”); and
3. The Housing Credit Program 2009 Qualified Allocation Plan (“QAP”). Applicants applying to reserve volume cap for tax-exempt bonds must utilize the four percent (4%) low-income housing tax credits. ADFA retains the authority to determine eligibility to receive tax credits and the amount of tax credits to be awarded to the development.
Each applicant must complete an “Application for Reservation of Volume Cap”, (see Appendix A-1 to the Volume Cap Rules and Regulations) and a 2009 Multi-Family Housing Application. Only complete applications will be considered for funding. Facsimiles and e-mails will not be accepted. The 2009 Multi-Family Housing Application must be submitted online as provided by ADFA and by submitting a tabbed, 3-ring bound hardcopy delivered to ADFA at the following address:
Attn: Multi-Family Housing Department
423 Main Street, Suite 500
Little Rock, AR 72201
Telephone Number: 501-682-5900
Following assignment of a Priority Number pursuant to Section 3.4 of the Volume Cap Rules and Regulations, the applicant will be notified of the date and time the applicant will be required to make a formal presentation of its development for approval to the Board Housing Review Committee.
Current with amendments received through May 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.04.2-V, AR ADC 109.04.2-V
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