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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

JOHNSON County

in Congressional District 3

HOMEOWNERSHIP

Home-to-Own (H2O)

General Statistics

 

Time Period

No. Loans

Dollar Amount

Mean Loan Amount

Median Loan Amount

07/2007 – 12/2007

4

$316,745.00

$79,186.25

$77,897.50

01/2008 – 06/2008

2

$122,029.00

$61,014.50

$61,014.50

Total FY2008

6

$438,774.00

$73,129.00

$69,456.00

Loan Cancellation Rate – Total FY2008:

07/2007 – 12/2007

0 (0.0%)

01/2008 – 06/2008

1 (33.3%)

FY2008 Total

1 (14.3%)

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

Arvest Mortgage Company, Lowell, AR

0

$0.00

1

$49,129.00

1

$49,129.00

Liberty Bank, Russellville, AR

1

$107,550.00

1

$72,900.00

2

$180,450.00

Priority Bank, Ozark, AR

1

$63,995.00

0

$0.00

1

$63,995.00

Simmons First Bank, Russellville, AR

2

$145,200.00

0

$0.00

2

$145,200.00

Loans by New / Existing

New / Existing

Time Period

No. Loans

Dollar Amount

Existing Construction

07/2007 – 12/2007

4

$316,745.00

01/2008 – 06/2008

2

$122,029.00

Total FY2008

6

$438,774.00

New or Proposed Construction

07/2007 – 12/2007

0

$0.00

01/2008 – 06/2008

0

$0.00

Total FY2008

0

$0.00

Loans by Loan Type

Loan Type

Time Period

No. Loans

Dollar Amount

FHA

07/2007 – 12/2007

1

$63,995.00

01/2008 – 06/2008

1

$49,129.00

Total FY2008

2

$113,124.00

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

0

$0.00

01/2008 – 06/2008

0

$0.00

Total FY2008

0

$0.00

Rural Development

07/2007 – 12/2007

3

$252,750.00

01/2008 – 06/2008

1

$72,900.00

Total FY2008

4

$325,650.00

Borrowers’ Profile

 

Ethnicity

Time Period

No. Loans

Dollar Amount

Percent

Mean Income

Median Income

Non-Minority

07/2007 – 12/2007

4

$316,745.00

100.0%

$39,268.32

$39,668.88

01/2008 – 06/2008

2

$122,029.00

100.0%

$25,695.00

$25,695,00

Total FY2008

6

$438,774.00

100.0%

$32,481.66

$32,681.94

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

3

75.0%

01/2008 – 06/2008

1

50.0%

Total FY2008

4

66.7%

Female

07/2007 – 12/2007

1

25.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

1

16.7%

Unknown

07/2007 – 12/2007

0

0.0%

01/2008 – 06/2008

1

50.0%

Total FY2008

1

16.7%

Age of Head of Household

Time Period

No. Loans

Percent

18 to 22

07/2007 – 12/2007

1

25.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

1

16.7%

23 to 30

07/2007 - 12/2007

1

25.0%

01/2008 – 06/2008

2

100.0%

Total FY2008

3

50.0%

31 to 40

07/2007 – 12/2007

1

25.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

1

16.7%

41 to 50

07/2007 – 12/2007

1

25.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

1

16.7%

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

0

0.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

0

0.0%

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

31.0

 

01/2008 – 06/2008

26.0

Total FY2008

28.5

Average Household Size

07/2007 – 12/2007

2.0

01/2008 – 06/2008

1.5

Total FY2008

1.8

Down Payment Assistance Program (DPA)

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

1

$3,270.00

$3,270.00

50.0%

Total FY2008

1

$3,270.00

$3,270.00

16.7%

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

Universal Housing

0

$0.00

0

$0.00

0

$0.00

Loans by New / Existing

New / Existing

Time Period

No. Loans

Dollar Amount

Existing Construction

07/2007 – 12/2007

0

$0.00

01/2008 – 06/2008

1

$3,270.00

Total FY2008

1

$3,270.00

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

0

$0.00

0.0%

$0.00

$0.00

01/2008 – 06/2008

1

$3,270.00

100.0%

$22,862.88

$22,862.88

Total FY2008

1

$3,270.00

100.0%

$22,862.88

$22,862.88

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%

 

07/2007 – 12/2007

0

0.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

0

0.0%

Unknown

07/2007 – 12/2007

0

0.0%

01/2008 – 06/2008

1

100.0%

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

1

100.0%

Total FY2008

1

100.0%

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

0

0.0%

01/2008 – 06/2008

0

0.0%

Total FY2008

0

0.0%

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

N/A

 

01/2008 – 06/2008

29.0

Total FY2008

29.0

Average Household Size

07/2007 – 12/2007

N/A

01/2008 – 06/2008

2.0

Total FY2008

2.0

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

$316,745.00

$125,299.00

$442,044.00

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

JOHNSON COUNTY

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$316,745.00

$125,299.00

$442,044.00

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