FINANCIAL_SERVICESAPPROVED

Arkansas Development Finance Authority Awards Financial Services Contract to Riparian Flats (August 2026)

ADFA’s Housing Review Committee approved the 2026 9% LIHTC application for the Riparian Flats development in Springdale, awarding $1,106,600 in annual tax credits along with $2,194,500 in HOME funds and $975,000 in NHTF funds. The financing package will support construction of 56 affordable units with a total development cost of $12.3 million.

Status
APPROVED
Document date
August 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Riparian Flats
Agency
Arkansas Development Finance Authority · AR

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,106,600 annually in 9% LIHTC, $2,194,500 HOME funds, $975,000 NHTF funds
Contract type
FINANCIAL_SERVICES
Contract term
9% LIHTC annual allocation for credit period; affordability period per LIHTC, HOME, and NHTF requirements
Renewal
LIHTC credits awarded on an annual basis for the standard federal credit period; HOME and NHTF assistance will carry their respective long-term affordability and compliance requirements.
Document type
AgendaPacket
Source document
Arkansas Development Finance Authority Board Committee Meeting Agenda Packet 2026-08-20

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Arkansas Development Finance Authority?

Riparian Flats was awarded this financial services contract by Arkansas Development Finance Authority, as recorded on August 20, 2026. The contract value is $1,106,600 annually in 9% LIHTC, $2,194,500 HOME funds, $975,000 NHTF funds.

How much is the Riparian Flats contract with Arkansas Development Finance Authority worth?

The Riparian Flats contract with Arkansas Development Finance Authority is valued at $1,106,600 annually in 9% LIHTC, $2,194,500 HOME funds, $975,000 NHTF funds, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Arkansas Development Finance Authority Board Committee Meeting Agenda Packet 2026-08-20 (AgendaPacket), dated August 20, 2026 from Arkansas Development Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Riparian Flats hold?

Riparian Flats may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Riparian Flats's profile

What is Arkansas Development Finance Authority currently buying?

Explore Arkansas Development Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Arkansas Development Finance Authority's profile

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