As contained in Arkansas Code § 15-5-1702(3) of the Arkansas Housing Trust Fund Act of 2009, Arkansas Code § 15-5-1701 et seq., the purposes of the Arkansas Housing Trust Fund shall be:

1. (1) To provide a flexible source of funds for communities to address their affordable housing needs;
2. (2) To help families attain economic stability;
3. (3) To revitalize distressed neighborhoods and build healthy, vibrant communities by developing high-quality affordable housing;
4. (4) To leverage additional private investment in Arkansas communities;
5. (5) To contribute to economic growth through increased housing production, employment, and tax revenues, thereby benefitting all the citizens of the state;
6. (6) To alleviate deficiencies in the supply of safe, accessible, and affordable housing for the citizens of the state most likely, because of low incomes, to suffer from these deficiencies, including without limitation persons who are homeless, disabled, elderly, or victims of domestic violence; and
7. (7) To alleviate deficiencies in the supply of safe, accessible, and affordable housing for the citizens of the state living in rural areas.