First Time Homebuyer Programs in Arkansas
by:
Michael SaundersEvery good and efficient state government requires an able and separate office or authority that is especially designed to assist residents in acquiring homes and properties in reasonable rates and efficient mortgage payment plans.
In Arkansas, this agency is the Arkansas Development Finance Authority, otherwise referred to as the ADFA, which was established through the Arkansas Development Finance Authority Act.
The Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.
Some of the most notable first time homebuyer programs of the ADFA are the following:
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First Time Homebuyer Programs in Arkansas
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About The Author
Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
He also maintains Websites providing resources on
environmental grants and grants for youth programs.
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Additional Resources
category - Home Buying Programs
Construction Incentive Program for First Time Home Buyers in New YorkUnder the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.
First Time Homebuyer Programs in ArkansasThe Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.
Construction Incentive Program for First Time Home Buyers in New YorkThe State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.
Downpayment Assistance Program for the First Time Home Buyers in North Carolina The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."