Low-Cost Housing & Utility Help

Created by the Tax Reform Act of 1986, the Low-Income Housing Tax Credit (LIHTC) program gave state and local LIHTC-allocating agencies authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households. This program provides incentives for non-profit and profit motivated organizations and businesses to develop housing for low-income persons and families.

Arkansas receives an allocation of approximately $8.5 million in Low-Income Housing Tax Credit per year. This does not include tax credit developments utilizing tax-exempt bond financing.

Arkansas Development Finance Authority (ADFA): Offers various programs for affordable housing, including rental assistance and homebuyer programs.

Link to Website: ADFA

HUD (U.S. Department of Housing and Urban Development): Offers resources for finding affordable housing and public housing programs.

Helping you meet your housing needs. HUD provides housing support. Let them guide your next steps to the right place.

Link to Website: https://www.hud.gov/

LIHEAP (Low Income Home Energy Assistance Program): Provides assistance with energy costs for eligible low-income families. Applications are available through local community action agencies.

Website Link: Arkansas LIHEAP