Established in 1998, Arkansas Capital Relending Corporation (ACRC) is a private, non-profit, economic development finance tool. In 2010, ACRC was designated as a Community Development Financial Institution (CDFI) by the Department of Treasury. This designation will allow ACRC to pursue federal grants and/or other low cost sources of capital. ACRC currently has a $1,000,000 grant request pending with the Department of Treasury under the CDFI program. If the grant request is successful, the capital will be deployed in underserved markets across the State of Arkansas.