(1) Eligible activities must comply with the requirements of 24 C.F.R. §§ 93.200, 93.201, and 93.301.
(2) Under 24 C.F.R. § 93.200, national Housing Trust Fund (HTF) funds may be used for the production of affordable housing and rental housing.
(3) Under 24 C.F.R. § 93.201, HTF funds may be used to pay eligible costs, such as:
(A) Development hard costs;
(B) Refinancing costs;
(C) Acquisition costs; and
(D) Related costs.
(4) Under 24 C.F.R. § 93.301, new construction projects must meet all applicable state and local codes, ordinances, zoning requirements, and the Multi-Family Housing Minimum Design Standards, 15 CAR pt. 96.
(b) The Arkansas Development Finance Authority permits and encourages applicants to exceed these Multi-Family Housing Minimum Design Standards project standards (http://adfa.arkansas.gov/Websites/adfa/images/LIHTC_Docuemnts/LIHTC_2016 /Multi- Family_Housing_Minimum_Design_Standards_Final.pdf).