Arkansas Development Finance Authority Contract Grantworks, Inc. April 2026
ADFA hires GrantWorks to run CDBG-DR housing program
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Description
The Arkansas Development Finance Authority entered into a Professional Services Agreement with GrantWorks, Inc. on April 16, 2026 to administer and implement the Single-Family New Construction Program under HUD CDBG-DR. The contract provides for $1,274,725.00 in milestone-based fees plus up to $49,200 in reimbursable travel over an initial 24‑month term, with options for two additional one‑year extensions.
Contract Details
Contract Amount
$1,274,725.00 plus reimbursable travel not to exceed $49,200
Vendor
GRANTWORKS INC
Agency
Arkansas Development Finance Authority, AR
Contract Type
PROFESSIONAL_SERVICES
Document Date
April 16, 2026
Contract Term
Initial term of twenty-four (24) months beginning upon approval and execution, with two optional one-year extensions
Renewal Info
Initial 24-month term with the opportunity to extend the contract for two additional one-year periods at the Authority’s discretion via amendment or change order.
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RATIFIEDIssuing Agency
Arkansas Development Finance Authority
State Housing Authority
Little Rock, AR
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