ADFA Down Payment Assistance Program

Administered by Arkansas Development Finance Authority · Arkansas

BENEFIT

Up to $15K

Deadline type: rolling

Eligibility Requirements

1$1,000 to $15,000 for down payment and closing costs
2Must use ADFA StartSmart or ADFA Move-Up first mortgage
3For qualifying low-to-moderate income homebuyers
4Assistance provided as second mortgage

Eligible Project Types

ResidentialAffordable Housing

STACKING POTENTIAL

ADFA Down Payment Assistance Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the ADFA Down Payment Assistance Program compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Arkansas Development Finance Authority official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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