REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2008: July 1, 2007 June 30, 2008
1st Half of FY2008 = July 1, 2007 December 31, 2007
2nd Half of FY2008 = January 1, 2008 June 30, 2008
CROSS
Countyin Congressional District
1HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
7 |
$626,455.00 |
$89,493.57 |
$84,000.00 |
|
01/2008 06/2008 |
2 |
$126,950.00 |
$63,475.00 |
$63,475.00 |
|
Total FY2008 |
9 |
$753,405.00 |
$83,711.66 |
$73,737.50 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
0 (0.0%) |
|
01/2008 06/2008 |
1 (33.3%) |
|
FY2008 Total |
1 (10.0%) |
Loans by Originator / Branch
|
7/1/07 - 12/31/07 |
1/1/08 - 6/30/08 |
TOTAL FY 2008 |
||||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Pulaski Mortgage Company, Forrest City, AR |
7 |
$626,455.00 |
2 |
$126,950.00 |
9 |
$753,405.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
6 |
$496,200.00 |
|
01/2008 06/2008 |
2 |
$126,950.00 |
|
|
Total FY2008 |
8 |
$623,150.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
1 |
$130,255.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$130,255.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
1 |
$130,255.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$130,255.00 |
|
|
VA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 - 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Conventional |
07/2007 12/2007 |
1 |
$84,000.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$84,000.00 |
|
|
Rural Development |
07/2007 12/2007 |
5 |
$412,200.00 |
|
01/2008 06/2008 |
2 |
$126,950.00 |
|
|
Total FY2008 |
7 |
$539,150.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
6 |
$496,200.00 |
85.7% |
$43,767.34 |
$48,496.74 |
|
01/2008 06/2008 |
2 |
$126,950.00 |
100.0% |
$34,348.38 |
$34,348.38 |
|
|
Total FY2008 |
8 |
$311,575.00 |
88.9% |
$39,057.86 |
$41,422.56 |
|
|
Minority |
07/2007 12/2007 |
1 |
$130,255.00 |
14.3% |
$60,009.60 |
$60,009.60 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$130,255.00 |
11.1% |
$60,009.60 |
$60,009.60 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
4 |
57.1% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
6 |
66.7% |
|
|
Female |
07/2007 12/2007 |
3 |
42.9% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
3 |
33.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
2 |
22.2% |
|
|
23 to 30 |
07/2007 - 12/2007 |
3 |
42.9% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
3 |
33.3% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
14.3% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
11.1% |
|
|
41 to 50 |
07/2007 12/2007 |
2 |
28.6% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
22.2% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
61 to 70 |
07/2007 12/2007 |
1 |
14.3% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
11.1% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Average Age |
07/2007 12/2007 |
39.3 |
|
|
01/2008 06/2008 |
21.0 |
||
|
Total FY2008 |
30.2 |
|
Average Household Size |
07/2007 12/2007 |
2.4 |
|
01/2008 06/2008 |
2.5 |
|
|
Total FY2008 |
2.5 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
1 |
$1,890.00 |
$1,890.00 |
14.3% |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2008 |
1 |
$1,890.00 |
$1,890.00 |
11.1% |
Loans by Homebuyer Counselor
|
7/1/07 - 12/31/07 |
1/1/08 - 6/30/08 |
TOTAL FY 2008 |
||||
|
HOMEBUYER COUNSELOR |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Mississippi County EOC |
1 |
$1,890.00 |
0 |
$0.00 |
1 |
$1,890.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
1 |
$1,890.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$1,890.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
1 |
$1,890.00 |
100.0% |
$48,112.32 |
$48,112.32 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$1,890.00 |
100.0% |
$48,112,32 |
$48,112.32 |
|
|
Minority |
07/2007 12/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Female |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
100.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
23 to 30 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
61 to 70 |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
100.0% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Average Age |
07/2007 12/2007 |
61.0 |
|
|
01/2008 06/2008 |
0.0 |
||
|
Total FY2008 |
61.0 |
|
Average Household Size |
07/2007 12/2007 |
1.0 |
|
01/2008 06/2008 |
0.0 |
|
|
Total FY2008 |
1.0 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$628,345.00 |
$126,950.00 |
$755,295.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
N/A
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Total |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Multifamily Housing Bonds
No Multifamily Housing Bond Activity FY2008
|
TOTAL HOUSING PRODUCTION: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
|
7/2007 - 12/2007 |
1/2008 - 6/2008 |
FY2008 TOTAL |
||||
|
No. Loans |
Dollar Amount |
No. Loans |
Dollar Amount |
No. Loans |
Dollar Amount |
Average Per Unit |
|
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
$0.00 |
TOTAL FUNDS FOR
CROSS
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$628,345.00 |
$126,950.00 |
$755,295.00 |
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