Beebe Taps Gene Eagle To Head Arkansas Development Finance Authority

Gene Eagle was recently appointed president of the Arkansas Development Finance Authority by Gov. Mike Beebe, succeeding Mac Dodson, who retired on Jan. 31. The ADFA specializes in low-cost financing for low- to moderate-income housing development, small industries and agricultural businesses.

Prior to being appointed president, Eagle was vice president of development finance for the ADFA. In that position, he was responsible for the operation and management of the authority’s development finance programs. Tax-exempt and taxable bonds issued under Eagle’s oversight involved a diverse array of municipal finance projects for private enterprises and nonprofit organizations.

He was also responsible for implementation and administration of several equity investment programs: the Arkansas Institution Fund, the Arkansas Risk Capital Matching Fund, the Seed & Angel Capital Network and the ADFA Co-Investment Fund.

Eagle holds a bachelor’s degree in management with a minor in economics from the University of Arkansas at Fayetteville. Before joining the ADFA, he worked for Plunkett Boerner & Associates, a private mortgage broker firm in Little Rock, as well as the Arkansas Economic Development Commission and McIlroy Bank (now Arvest) in Fayetteville.