# Arkansas Development Finance Authority

Arkansas Development Finance Authority is a Government / Public Body based in Little Rock, United States.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Little Rock, United States
- **Region:** North America
- **Address:** Little Rock, AR, United States
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** adfa.arkansas.gov
- **LinkedIn:** https://www.linkedin.com/company/arkansas-development-finance-authority

## Regulatory record

- **Reports private funds:** No

## About

The Arkansas Development Finance Authority was established in 1985. Ro Arrington leads the agency as president while Carey Smith chairs its board. It operates under the Arkansas Department of Commerce. The authority finances low-to-moderate income housing through its LIHTC portfolio and single-family mortgage loans. It also manages student loan assets. Geographic focus remains Arkansas. It co-manages the Arkansas Venture Capital Investment Trust with Cimarron Capital Partners. Staff participate in the Arkansas Government Finance Officers Association. The agency maintains the Arkansas Homeowner Assistance Fund and Arkansas Housing Trust Fund. No recent operational events from the last 24 months appear in available records. The authority's structure ties it directly to state government programs rather than private capital vehicles.

## Sectors

- Real Estate
- Infrastructure

## People

- Ro Arrington — President
- Carey Smith — Chairman of the ADFA Board of Directors

## Questions

### Who runs investment decisions at Arkansas Development Finance Authority?

Ro Arrington serves as president. Carey Smith chairs the board of directors. Decisions align with state mandates for housing and economic development.

### How is Arkansas Development Finance Authority related to the Arkansas Department of Commerce?

The authority operates as a division of the Arkansas Department of Commerce. This places it within the state's executive structure for economic programs.

### Does Arkansas Development Finance Authority participate in fund commitments or only direct deals?

It deploys capital through direct loans and tax credit programs. It also co-manages the Arkansas Venture Capital Investment Trust.

### What investment stages does Arkansas Development Finance Authority typically target?

The agency focuses on housing development and small business expansion. It does not target early-stage venture or growth equity.

### Where does the underlying mandate for Arkansas Development Finance Authority come from?

The agency was created by state statute in 1985. Its programs support low-to-moderate income housing and industrial development within Arkansas.

## Related profiles

- [ARK Angels Fund](https://altss.com/profile/ark-angels-fund)
- [Arkansas Financial Group](https://altss.com/profile/arkansas-financial-group)

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Last updated: 2026-06-03T20:00:00.000Z

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