![Arkansas Development Finance Authority](https://e7sy3ivs3k5.exactdn.com/wp-content/uploads/2020/05/arkansas_icon.png?strip=all&lossy=1&resize=108%2C94&ssl=1)
ADFA is the largest source of low-cost financing for low-to-moderate income housing development, small industries, government, education, public facilities and health care in the state. Funding is administered in the form of tax-exempt bonds and other debt instruments through its series of program activities, which are divided into two main categories: development finance and affordable housing development.