About

Learn about Arkansas Development Finance Authority, including Featured News and The Team.

Total Assets
$904.6 Million
S&P Rating
AA
Debt Outstanding
$757 Million

About Arkansas Development Finance Authority

ADFA is a public body politic and corporate, created in 1985 as successor to the Arkansas Housing Development Agency created in 1977. ADFA’s enabling legislation authorizes it to borrow money and issue bonds to provide sufficient funding for financing affordable housing, various business and economic development projects, and capital improvements for state agencies. Effective 7/1/2017, Arkansas Student Loan Authority merged with ADFA. Both ADFA and ASLA are self-funded primarily through investment and loan earnings. ADFA also receives federal funds. ADFA is the exclusive issuer of bonds for state agencies. Neither ADFA nor ASLA is a regulatory or licensing agency. ADFA (including ASLA) is governed by a 14-member board of directors, consisting of the Director of DFA, the Treasurer of the State, eleven public members appointed by the Governor, and the President of the Authority (non-voting).

The Team

Robert M "Ro" Arrington

Director of Public Finance

(501) 682-5910

robert.arrington@adfa.arkansas.gov

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Mark Conine

Chief Financial Officer

(501) 682-1259

mark.conine@adfa.arkansas.gov

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Derrick Rose

Public Information and Outreach

(501) 682-5904

derrick.rose@adfa,arkansas.gov

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