Thursday afternoon the Arkansas Development Finance Authority awarded $10,911,780 in federal low-income housing tax credits (LIHTC), another $161,091 in state tax credits, $3,131,000 in federal HOME program funds, $1,444,783 in Rural Development Preservation Revolving Loan Funds, $450,000 in mortgage settlement funds, and $200,000 in Finance Adjustment Factor (FAF) funds to help in the construction or renovation of affordable rental developments located throughout Arkansas
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