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United States Department of the Treasury

Homeowner Assistance Fund Plan

Submitted by Arkansas Development Finance Authority

HAF Grantee Plan Name

HAFP-0082
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United States Department of the Treasury

Homeowner Assistance Fund Plan For Participants 

with Allocations $5 million or Greater

Allocation Amount $5 Million or Greater

Submission Date 11/16/2021 4:19 PM

Total Plan Requested Amount $63,330,313.00

Record Type State

Application Record SLT-0077

HAF Grantee Plan Status (external) Approved
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Homeowner Needs and Community Engagement

What Quantitative Data Has Informed the Participant’s Planning?

Treasury will assess the extent to which a Participant has, in the course of its HAF planning process, relied on

quantitative data, including from community-based organizations or organizations that serve potentially

eligible homeowners. 

In its HAF planning process, has the Participant obtained quantitative data from mortgage servicers, private

data providers, government entities, community-based organizations, or other sources to inform its planning

about how to target and best serve eligible homeowners with mortgage delinquencies, defaults, foreclosures?

Yes

If yes, please list and, briefly describe each source of quantitative data.

• Data provided by Treasury – Treasury provided data, contributed by a number of federal

agencies, including information on mortgage delinquencies and forbearances, breakdowns by

demographic factors, and concentration among mortgage servicers. See 2.1 within attached plan.

• Data from Mortgage Servicing – The Arkansas Development Finance Authority (ADFA)

worked with ServiSolutions and U.S. Bank to obtain data on mortgage delinquencies among

loans originated by ADFA. See 2.1 within attached plan. 

• Data from U.S. Census Bureau American Community Survey and Participant Analysis – ADFA

obtained data from the Federal Housing Administration (FHA) regarding single-family active

loans and demographic information. See Section 2.1 within attached plan. 

• Congressional Research Service “The 10-20-30 Provision: Defining Persistent Poverty

Counties” February 24, 2021 – We reviewed the persistent poverty counties across the state to

identify geographic areas where homeowners are considered socially disadvantaged. See Section

2.1 within attached plan.

In its HAF planning process, has the Participant obtained and reviewed quantitative data or studies regarding

which demographic segments in its jurisdiction have historically experienced discrimination in the housing or

housing finance market?

Yes

If yes, please list and, briefly describe each source of quantitative data.

• National Association of Realtors Research Group “2021 Snapshot of Race and Home Buying in

America,” February 2021 - This study outlays homeownership trends and affordability by race,

home buyer demographics, and home buyers and fair housing specifically as it relates to the

economic impact caused by the coronavirus pandemic. See Section 2.1 within attached plan.

• Data from U.S. Census Bureau American Community Survey – The Participant assessed

geographic and demographic information across the state to determine census tracts that have a
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majority-minority population. Data tables used in the assessment were obtained from the U.S.

Census Bureau American Community Survey 2015-2019 5-year estimate, Tables: B25003,

B25003B, B25003C, B25003D, B25003E, B25003F, B25003G, B25003H, B25003I, December

2020. See Section 2.1 within attached plan.

In its HAF planning process, has the Participant obtained quantitative data from utility providers or entities

charged with assessing and collecting property taxes or relied on quantitative data or studies to inform its

planning about how to target and best serve eligible homeowners at risk of displacement due to utility

arrearage or tax foreclosure?

Yes

If yes, please list and, briefly describe each source of quantitative data.

• Data collected from Industry Reports and Participant Analysis – The assessment performed by

ADFA for utilities related to homeownership include gas, electricity, water, internet, sewer, and

waste. See Section 2.1 within attached plan.

In the following text box, please list any source not listed above of quantitative information, including

sources of data on the performance of any of the Participant’s previously implemented programs, that the

Participant used to inform its HAF planning process, briefly describe how the data informed the Participant’s

planning.

DFA has significant experience in affordable housing and serving the low-to-moderate income

community. We have leveraged our knowledge and experience in this space to guide the design of

our HAF plan and needs assessment. In addition, both our vendors have experience in the

Hardest Hit Fund (HHF) and other federally funded housing programs. We used best practices

and lessons learned from each of their respective experiences in designing our plan and needs

assessment. While ADFA did not administer an HHF program, we did collaborate with our peers

in other states on their experiences in HHF and used those learnings in the development of our

plan and needs assessment.

Did the Participant communicate with mortgage servicers regarding the development of its program design?

Yes

Did the Participant communicate with other HAF participants regarding the development of its program

design?

Yes

How Has Community Engagement and Public Participation Informed the

Participant’s Planning?

Treasury will assess the extent to which a Participant’s assessment of homeowner needs has been informed

by and reflects input from organizations and individuals representing eligible homeowners, including any

opportunities for public participation in the development of the Participant’s plan. Treasury will pay

particular attention to the extent of the Participant’s engagement with populations that are the subject of

statutory targeting requirements.

Has the Participant requested and received input on its HAF planning process from providers of housing

counseling services or providers of legal assistance to homeowners facing foreclosure or displacement?
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Yes

Provider information

If yes, please list such providers, including the providers’ address and website. Please indicate by checking

the appropriate box below if the provider’s primary purpose is to serve low- and moderate-income

households or to address the impacts of housing discrimination on one or more demographic groups in the

Participant’s jurisdiction.

Provider Name 

Provider Address 

Provider Website

Provider

Primarily

Serves

LMI

Households

Provider

Addresses

Impact of

Housing

Discrimination

Arkansas Association of Community Action Agencies

1111 West 6th Street ,Little Rock,Arkansas 72201

https://www.acaaa.org/

HouseAboutIt

10024 West Markham Ste 140 ,Little Rock,Arkansas 72205

http://houseaboutit.org/

Legal Services of Arkansas

1300 W 6th Street ,Little Rock,Arkansas 72201

http://Arkansaslegal.org

Has the Participant requested and received input regarding its HAF planning process from community-based

organizations or organizations that serve potentially eligible homeowners?

Yes

Community Information

If yes, please list such organizations, including the providers’ address and website if available. Please

indicate by checking the appropriate box below if the provider’s primary purpose is to serve low- and

moderate-income households or to address the impacts of housing discrimination on one or more

demographic groups in the Participant’s jurisdiction.

Organization Name 

Organization Address 

Organization Website

Organization

Primarily

Serves LMI

Households

Provider

Addresses

Impact of

Housing

Discrimination

Arkansas Association of Counties

1415 West Third Street, Little Rock, Arkansas 72201

https://www.arcounties.org/
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Arkansas Municipal League

P.O.Box 38 301 West 2nd, North Little Rock, Arkansas 72115

https://www.arml.org/

Mortgage Bankers of Arkansas

1661 Aaron Brenner Drive Suite #201, Memphis, Tennessee 38017

https://www.arkansasmba.org/home.html

Arkansas Bankers Association

1220 West Third Street, Little Rock, Arkansas 72201

https://www.arkbankers.org/

Arkansas Realtor Association

11224 Executive Center Drive, Little Rock, Arkansas 72211

https://www.arkansasrealtors.com/

Arkansas Association of Community Action Agencies

1111 West 6th Street, Suite C, Little Rock, Arkansas 72201

https://www.acaaa.org/

Crowley’s Ridge Development Council

2401 Fox Meadow Lane, P.O. Box 16720, Jonesboro, Arkansas 72403

https://crdcnea.org/

HouseAboutIt

10024 West Markham, Ste 140, Little Rock, Arkansas 72205

http://houseaboutit.org/

East Arkansas Board of Realtors

704 North Missouri Street, West Memphis, Arkansas 72301

http://Coldwellbanker.com

JCREC Board of Realtors

2950 Cherry Road, Cabot, Arkansas 72023

http://N/A

Arkansas Broadcasters Association

2024 Arkansas Valley Drive, Suite 403, Little Rock, Arkansas 72212

http://arkbroadcasters.org/

Arkansas Manufactured Housing Association

1123 S. University, Suite 720, Little Rock, Arkansas 72204

http://www.amha.net/

Arvest

PO Box 799, Lowell, Arkansas 72745

http://www.arvest.com

ServiSolution

P.O. Box 242967, Montgomery, Alabama 36124

http://www.servsol.com/
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US Bank

U.S. Bank, 800 Nicollet Mall, Minneapolis, Minnesota 55402

http://www.usbank.com

Southern Bank Corp

601 Main Street, Arkadelphia, Arkansas 71923

http://Banksouthern.com

Arkansas Community Organizations

2101 S Main Street, Little Rock, Arkansas 72206

http://Arkansascomm.org

Arkansas Martin Luther King Commission

906 Broadway Street #100, Little Rock, Arkansas 72201

http://Arkingdream.org

Bank of Arkansas

1111 W 6th, Little Rock, Arkansas 72201

http://BankonAR.org

Bill Kopsky- Arkansas Public Policy Panel

1308 W 2nd Street, Little Rock, Arkansas 72201

http://Arpanel.org

Achange

401 Main Street, N Little Rock, Arkansas 72114

http://Nchange.org

Credit Counseling of Arkansas

1111 E Zion Road, Fayetteville, Arkansas 72703

http://CCofarcares.com

Community Resources Technicians

800 Scott Street, Little Rock, Arkansas 72201

http://N/A

Has the Participant consulted with localities or tribal governments (cities, counties, or rural communities) in

its jurisdiction regarding the needs of eligible homeowners in its jurisdiction?

Yes

Has the Participant provided an opportunity for public input regarding its HAF Plan through public hearings

or published materials?

Yes

If yes, please indicate whether a proposed or draft plan was published, please describe where details about the

comment solicitation were posted, for how long, in what languages, and whether any efforts were made to

make the posting accessible to persons with disabilities or individuals without reliable internet access.

See section 2.2 Public Participation within the attached plan for full details on public input

measures.
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How Will the Participant Continue to Assess the Needs of Eligible

Homeowners?

Treasury anticipates that an ongoing process of assessing the needs of eligible homeowners will help address

the needs of potentially eligible homeowners as economic conditions change over time.

Does the Participant plan to update its assessment of community needs within the next year to determine

whether its HAF program design should be updated to address changing needs of potentially eligible

homeowners?

Yes

What additional data would be helpful to the Participant as it seeks to assess homeowner needs over time?

ADFA does anticipate continuing to assess the needs of eligible homeowners as additional data is

obtained. As the pilot program matures and the official program launches, we plan to being

reviewing the applications received to determine if the current programs are sufficient to meet

the needs of the applicants and decide if new programs need to be added, eligibility requirements

adjusted or cap amounts changed.

Additional helpful data:

- Data on utility and internet needs

- Monthly data from servicers on loan delinquency
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Program Design

What are the Program Design Elements Through Which the Participant Will

Deliver HAF Assistance to Eligible Homeowners?

A program design element is a specific activity or program, which is consistent with a qualified expense

category, under which a Participant will disburse HAF funds in accordance with the HAF Plan. Please note

that multiple program design elements may fit under a single qualified expense category; for example, a

mortgage assistance program that has different terms for federally backed mortgages and manufactured-home

mortgages may constitute two separate program design elements, for which case the Participant provides a

separate term sheet or other description for each program design element. 

HAF participants must have at least one program design element intended to reduce mortgage delinquency

among targeted populations. Treasury encourages HAF participants to consider program design elements that

address homeownership preservation for targeted populations in areas where there is a sustained trend of

increasing property taxes or utility costs, including for households that do not have mortgages.

Please identify each qualified expense category in which the Participant will offer a program design element

by checking the boxes below.

mortgage payment assistance 

 mortgage principal reduction, including with respect to a second mortgage provided by a nonprofit

or government entity 

 payment assistance for homeowner’s utilities, including electric, gas, home energy, and water 

 payment assistance for homeowner’s insurance, flood insurance, and mortgage insurance 

 payment assistance for delinquent property taxes to prevent homeowner tax foreclosures 

 payment assistance for down payment assistance loans provided by nonprofit or government

entities 

 financial assistance to allow a homeowner to reinstate a mortgage or to pay other housing-related

costs related to a period of forbearance, delinquency, or default 

facilitating mortgage interest rate reductions 

 payment assistance for homeowner’s internet service, including broadband internet access service,

as defined in 47 CFR 8.1(b) 

 payment assistance for homeowner’s association fees or liens, condominium association fees, or

common charges 

 measures to prevent homeowner displacement, such as home repairs to maintain the habitability of

a home or assistance to enable households to receive clear title to their properties 
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For each program design element that the Participant will offer, the Participant is required to upload a term

sheet or other description, that, at a minimum, provides the following information regarding that program

design element. Term sheets for all of Participant’s HAF programs may be uploaded together as one

document.

Title Upload Date

Arkansas HAF Response Cover Letter[4] 11/16/2021 4:16 PM

Treasury Submission 8.18.21 Arkansas HAF_TB[6] 8/18/2021 3:17 PM

Arkansas_HAFP-0082_Feedback_FINAL 11/16/2021 4:16 PM

Arkansas HAF_TB 111621[2] 11/16/2021 4:16 PM

Treasury Submission 8.18.21 Term Sheets Arkansas HAF 8/18/2021 3:16 PM

Arkansas HAF_TB Term Sheets[2] 11/16/2021 4:16 PM

A HAF participant may elect to revise its HAF Plan over time to add or subtract program design elements.

Does the Participant anticipate adding additional program design elements to this HAF Plan within one year

of this submission?

No

Treasury has provided sample term sheets to assist HAF participants in developing their HAF plans.

Participants may use these sample term sheets, in whole or in part, as part of their submission. To the extent

the Participant intends to structure the program differently with respect to significant program terms

described in the Sample Term Sheets, Treasury will, in the course of its review of the HAF Plan, request a

justification for how the alternate approach will further the objectives of the HAF, including targeting and

prioritization requirements. In the chart below, the HAF Participant may provide a justification for significant

deviations from the terms described in the sample term sheets upon initial submittal. (optional for initial

submission)

Program Design

Element

Deviation from

sample terms Justification

All Programs

HAF funds will not

be required to be

only a supplement to

other loss mitigation

options offered by

the servicer under

investor

requirements or

where, without HAF

funds, the

homeowner would

not qualify for that

loss mitigation

option.

ADFA understands the spirit and intent of the

guidance to provide emergency assistance to

homeowners in need. Based on this understanding,

we believe this requirement as suggested in the

sample term sheet will slow progress and funding of

the HAF dollars. Therefore, we have removed this

element from the term sheet included with our

submission.
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Property Charge Default

Resolution Program,

AND

Utility/Internet/Broadband

Payment Assistance

Program

The program will not

allow for prospective

payments.

At this time, ADFA only intends to assist

homeowners with arrears. ADFA will continue to

monitor data as the program matures to determine if

there is a need for prospective assistance, and will

also base that decision upon available funding.

Mortgage Reinstatement

Program

The program will not

include reverse

mortgages or

contracts for deed.

As described further below, based on data collected,

we have determined the highest need in the state of

Arkansas includes First Mortgages, Second

Mortgages, and Loans Secured by Manufactured

Housing (secured by real estate or a dwelling). At this

time, we have not received inquiries or data

demonstrating the need for Reverse Mortgages and

Contracts for Deed of Land Contracts. ADFA will

continue to assess the need for any exclusions and

propose a modification to program types if data

becomes available indicating significant needs in

excluded programs.

Mortgage Reinstatement

Program

The program will

base household

income on the

borrow and

co-borrower’s (if

applicable) income

only.

In an effort to continue to reduce the documentation

burden on applicants, we will only require income

documentation from the borrower and co-borrower to

determine income eligibility. As Household is not

defined within the guidance and the borrower and

co-borrower(s) are ultimately the parties financially

responsible for the mortgage, we believe this

approach to be appropriate.

Mortgage Reinstatement

Program

The program will

allow partial

payments if the

amount to reinstate

the applicant exceeds

the program cap. If a

partial payment is

made due to program

cap limit, the

applicant can fund

the remainder

themselves if the

servicer allows.

In order to ensure that the homeowner is not

displaced this allows for the opportunity for the

applicant to pay the difference or the servicer to

utilize the funds when working through a loss

mitigation solution.

Property Charge Default

Resolution Program,

AND

Utility/Internet/Broadband

Payment Assistance

Program

The program will

allow for bundled

internet services to

be considered an

eligible expense.

Many homeowner’s internet services are bundled

with other services. Partial payment to only include

the portion related to internet could threaten the

homeowner’s access to internet. In an effort to bring

the account current and reduce the threat to loss of

internet services, we determined it appropriate to

include bundled services.

Documentation of Homeowner Income
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Homeowners are eligible to receive amounts allocated to a HAF participant under the HAF only if they have

incomes equal to or less than 150% of the area median income or 100% of the median income for the United

States, whichever is greater. In addition, not less than 60% of amounts made available to each HAF

participant must be used for qualified expenses that assist homeowners having incomes equal to or less than

100% of the area median income or equal to or less than 100% of the median income for the United States,

whichever is greater. The HAF guidance describes permissible ways for HAF participants to determine

homeowner income.

Under the HAF guidance, one permissible approach for determining income is for (1) the household to

provide a written attestation as to household income and (2) the HAF participant to use a reasonable

fact-specific proxy for household income, such as reliance on data regarding average incomes in the

household’s geographic area. Will the Participant allow income to be determined in this way?

Yes

If yes, please describe the fact-specific proxy or proxies to be used for the income determination.

Based on experience in the pilot program, ADFA does intend to implement a fact-specific proxy

for the program. The approach will include written attestation plus reasonable fact-specific

proxy for household income. A written attestation as to household income will be provided by the

homeowner, and the proxy will be used for the homeowner’s income verification. If the

household falls within any of the persistent poverty counties identified, the household will be

presumed to meet income verification requirements. This approach will avoid unnecessary

barriers to participation and ease the documentation burden for these socially-disadvantaged

homeowners. If a household does not fall within any of the persistent poverty counties, the

applicant will be required to provide a written attestation within the system along with

supporting documentation. Required supporting documentation is outlined within the attached

Program Term Sheets included in the attachment section.

Under the HAF guidance, HAF participants may provide waivers or exceptions to this documentation

requirement as reasonably necessary to accommodate extenuating circumstances, such as disabilities,

practical challenges related to the pandemic, or a lack of technological access by homeowners; in these cases,

the HAF participant is still responsible for making the required determination regarding household income

and documenting that determination. Will the Participant allow applicants to request such waivers or

exceptions?

No

Eligible Mortgage Types

Please indicate which of the following mortgage types are eligible to be assisted under one or more of the

Participant’s program design elements.

 First Mortgages 

 Reverse Mortgages (Home Equity Conversion Mortgages, Single-Purposes Reverse Mortgages, or

Proprietary Reverse Mortgages) 

 Contracts for Deed or Land Contract (if it is a credit transaction secured by a consensual security

interest in a dwelling) 

 Second Mortgages 
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 Loans Secured by Manufactured Housing (secured by real estate or dwelling) 

If the Participant excludes any of the forgoing mortgage types from one or more program design elements,

explain the exclusion.

Based on data collected, we have determined the highest need in the state of Arkansas includes

First Mortgages, Second Mortgages, and Loans Secured by Manufactured Housing (secured by

real estate or a dwelling). At this time, we have not received inquiries or data demonstrating the

need for Reverse Mortgages and Contracts for Deed of Land Contracts. ADFA will continue to

assess the need for any exclusions and propose a modification to program types if data becomes

available indicating significant needs in excluded programs.

How Will the Participant Target HAF Resources Consistent with Statutory

Requirements? 

The Participant must describe how it will target HAF resources in accordance with the HAF guidance.

Targeting strategies are affirmative efforts to inform, encourage the participation of, and facilitate access to

resources for targeted households, including by offering multiple intake formats, engaging with nonprofit

organizations (e.g., housing counselors or legal services organizations) to provide additional pathways into

the program, and providing community outreach, partnerships with housing counseling agencies or legal aid

organizations, or other educational services that are aligned with the HAF participant’s program design, in a

manner that is culturally and linguistically relevant to the targeted communities.

Defining Socially Disadvantaged Individual

Please describe the process the Participant will use to determine whether a homeowner is a “socially

disadvantaged individual” as defined in the HAF guidance.

The Program will use a two-step method to determine whether a homeowner is a “socially

disadvantaged individual” as defined by the HAF guidelines. If the Applicant satisfies step one or

provides a self-attestation in step two, the applicant will be considered a “socially disadvantaged

individual.” See section 3.4 of attached plan for specific details on the two-step method.

Public Communications

Will the Participant engage in a public communications campaign to raise awareness among targeted

populations about the availability of HAF resources, in media such as television, newspapers, online media,

or social media?

Yes

If yes, please indicate whether the public communications campaign will include communications that

primarily target the following populations:

 Homeowners earning less than 100% of area median income 

 member of a group that has been subjected to racial or ethnic prejudice or cultural bias within

American society; 

 resident of a majority-minority Census tract; (3) 
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 resident of a U.S. territory, Indian reservation, or Hawaiian Home Land 

 homeowners in persistent poverty counties; 

 individual with limited English proficiency 

Please indicate in which languages, in addition to English, public communications to targeted populations

will be undertaken:

Spanish; Other

Please list any other languages.

Marshallese

Outreach

Will the Participant engage in outreach through partnerships with organizations that focus primarily on

serving homeowners earning incomes below 100% of area median income or socially disadvantaged

individuals and that have the capacity to engage targeted communities in a culturally and linguistically

relevant manner to encourage the submission of applications for HAF resources from targeted populations?

Yes

If yes, please indicate whether the community outreach efforts will include partnerships with organizations

that primarily target the following populations:

 member of a group that has been subjected to racial or ethnic prejudice or cultural bias within

American society; 

 resident of a majority-minority Census tract; (3) individual with limited English proficiency; 

 resident of a U.S. territory, Indian reservation, or Hawaiian Home Land;

 homeowners that reside in persistent poverty counties; 

 individual with limited English proficiency. 

Please list any other languages.

Marshallese

Housing Counseling and Legal Services

Will the Participant facilitate access for eligible households to housing counseling or legal services?

No

Targeting specific groups of homeowners

Will the Participant conduct outreach specifically tailored to target potentially eligible households that:
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 have mortgages or mortgage assistance contracts held or backed by the Participant? 

 have mortgages backed by any of the following agencies: Federal Housing Administration;

Department of Veterans Affairs; U.S. Department of Agriculture? 

 have privately held mortgages? 

What Efforts will be Made to Address Barriers to HAF Program Participation for

Potentially Eligible Homeowners, Including Those with Limited English

Proficiency or Who are Disabled?

Targeted outreach may be needed to reach homeowners who are likely to experience barriers to access,

including persons with limited English proficiency and those with disabilities.

Indicate all of the languages, in addition to English, in which the Participant’s HAF application and other

program documents will be made available.

Spanish; Other

Please list any other languages.

Marshallese

Will the Participant’s HAF applications and other program documents be provided in forms that are

accessible to persons with disabilities?

Yes
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Performance Goals

Treasury will consider the goals and benchmarks the Participant proposes to use to measure the effectiveness

of its programs, including whether those goals address the homeowner needs identified by the Participant, the

extent to which the goals are disaggregated by key homeowner characteristics as appropriate for the

jurisdiction, and whether they include a goal focused on reducing mortgage delinquency.

Please describe Participant’s goals and benchmarks for each of its programs with the following program

design elements.

Program Design

Element Metric of Success Goal

Mortgage Reinstatement

• Number of home losses avoided

due to HAF funds

• Dollar amount paid for mortgage

related expenses 

• Number of days spent to provide

assistance from application to

funding

• Assist 1,900 homeowners with risk of

home loss

• Commit $50.9M dollars of mortgage

reinstatement assistance

o $30.5M dollars to LMI

• 45 days to provide assistance once

applicant has provided all required

documents

Payment Assistance for

Homeowners Utilities

• Dollar amount paid for utility

related delinquencies

• Number of days spent to provide

assistance

• Commit $2.4M dollars of utility

assistance

• $1.4M dollars to LMI

• 45 days to provide assistance once

applicant has provided all required

documents

Payment Assistance for

Homeowner’s Internet

Service

• Dollar amount paid for internet

related delinquencies

• Number of days spent to provide

assistance

• Commit $506K dollars of utility

assistance

• $304k dollars to LMI

• 45 days to provide assistance once

applicant has provided all required

documents
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Readiness

Staffing, Systems and Contractors 

Treasury seeks information regarding the Participant’s organizational capacity to implement its HAF Plan.

Does the Participant anticipate needing to hire additional staff to implement this HAF Plan?

No

Does the Participant anticipate significant information technology system upgrades to implement this HAF

Plan?

No

Does the Participant have policies or procedures that govern the implementation of each HAF program

design element described in this HAF Plan?

Yes

Will the Participant use HAF funds to assist eligible households through a program that was operational

before the Participant first received HAF funds?

No

Will the Participant use any third-party contractor or partner to conduct program administration (such as

reviewing applications, determining eligibility, processing payments, conducting reporting, and reviewing

compliance) for some or all of the Participant’s HAF programs?

Yes

If yes, has the Participant entered into all necessary arrangements with all of the third-party contractors or

partners that will conduct program administration?

Yes

Use of Initial Payment

If the Participant has already received any HAF funds from Treasury, provide the following information

about the use of such funds as of June 30, 2021.

What amount of the HAF funds that the Participant has received been disbursed to eligible homeowners?

$226,813.00

Has the Participant begun accepting applications from homeowners for any HAF-funded programs?
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Yes

How much of the HAF funds that the Participant has received been obligated?

$1,638,150.00

How many households have applied for HAF assistance?

178

How many households has the Participant provided with housing counseling or legal services using HAF

funds?

0

How many households has the Participant provided with assistance using HAF funds?

26

Provide a brief description of how the Participant has used the HAF funds it has received.

The state received the initial 10% payment from Treasury and has launched a pilot program to

deliver immediate resources to a targeted population. An assessment was done on loans

originated by ADFA to determine the targeted population for the pilot program, specifically

targeting the reduction of mortgage delinquencies. ADFA started the pilot program with

ServiSolution, and is in the process of expanding the program to Arvest. We are also working

with US Bank, and will engage them if additional resources are available in the pilot program

prior to the launch of the larger program. A portion of the initial HAF funds has also been used

on administrative expenses to launch the pilot program. 

NOTE: Amounts listed above in pilot program are current as of date of this submission.
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Budget

Budgeting of HAF Funds by Program Design Element 

Specify the amounts of HAF funds that the Participant proposes to allocate to each of the following program

design elements, if offered:

Measure Amount

Mortgage Payment Assistance $0.00

Mortgage Principal Reduction $0.00

Payment Assistance for Homeowner’s Internet Service $506,415.00

Payment Assistance for HOA fees or liens $0.00

Payment Assistance for Delinquent Property Taxes $0.00

Mortgage Reinstatement $50,906,936.00

Facilitate Mortgage Interest Rate Reduction $0.00

Payment Assistance for Homeowner’s Insurance $0.00

Payment Assistance for Down Payment Assist. Loans $0.00

Payment Assistance for Homeowners Utilities $2,417,415.00

Other measures to prevent homeowner displacement

Measure Amount

N/A $0.00

Displacement Prevention Sub-Total $53,830,766.00

Counseling or Legal Services

The Participant may allocate up to 5% of its HAF funds for counseling or educational efforts by housing

counseling agencies approved by the Department of Housing and Urban Development or a tribal government,

or legal services, target to households eligible to be served with funding from the HAF related to foreclosure

prevention or displacement.
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Specify the Participant’s allocations for the following Amount

Counseling or Educational Services $0.00

Legal Services $0.00

Services Sub-Total $0.00

Reimbursement of Funds Expended After January 21, 2020

As described in the HAF guidance, HAF funds may be used for reimbursement of certain expenses between

January 21, 2020 and the date when the first HAF funds are disbursed by the HAF participant under the HAF

for a qualified expense (with certain limitations, as set forth in the HAF guidance).

Type of Expense Amount

N/A $0.00

Reimbursement Sub-Total $0.00

Allocation of Administrative Expenses

Type of Expense Amount

IT Costs $1,266,606.00

Professional Services, including Program Administration, Underwriting, Call Center,

Marketing and Outreach

$6,399,999.00

Other Administrative Costs $1,832,942.00

Administrative Expenses Sub-Total $9,499,547.00

Total Plan Requested Amount $63,330,313.00

Amount Requested Confirmation:

Yes
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Contacts

Please identify up to three contacts for the Participant- a primary contact, a designated point of contact for

reporting, and an additional contact.

Primary Contact

Name: Robert Arrington

Agency/Office: Arkansas Department of Finance Authority

Email: robert.arrington@arkansas.gov

Phone Number: 5016825910

Reporting Contact

Name: Kristy Cunningham

Agency/Office: Department of Finance Authority

Email: kristy.cunningham@arkansas.gov

Phone Number: 5016825925

Additional Contact

Name: Mark Conine

Agency/Office: Department of Finance Authority

Email: mark.conine@arkansas.gov

Phone Number: 5016825914

Proprietary or Otherwise Non-Public Information

Does your plan submission include any information or materials that are proprietary or otherwise non-public?

No

If "Yes," please indicate which information or materials are proprietary or otherwise non-public.
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Title VI Assurances

You must provide on behalf of the HAF Participant assurances that the HAF Participant will comply with

Title VI of Civil Rights Act of 1964. Please download the assurances, then review, sign, and upload the

signed copy to this page before submitting the HAF Plan.

Title Upload Date

Title VI Assurances AR HAF 8/18/2021 3:58 PM
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Official Certification

I (the undersigned) certify that the information provided in the HAF submission is accurate and complete

after reasonable inquiry of people, systems, and other information available to the HAF Participant. The HAF

participant and I acknowledge that any materially false, fictitious, or fraudulent statement or representation

(or concealment or omission of material fact) in this submission may be the subject of criminal prosecution

under the False Statements Accountability Act of 1996, as amended, 18 U.S.C. § 1001 and also may subject

me and HAF Participant to civil penalties and/or administrative remedies for false claims or otherwise,

(including 31 U.S.C. §3729 et seq.). I am an authorized representative of HAF Participant with authority to

make the above certifications and representations on behalf of the HAF Participant.

Name of HAF Participant:

Arkansas Development Finance Authority

Name and Title of Certifying Official

Name: Robert Arrington

Title: Director of Homeownership and Public Finance

Telephone: 5016825910

Email: robert.arrington@arkansas.gov