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
Logan
Countyin Congressional District
4HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
5 |
$325,160.00 |
$65,032.00 |
$62,950.00 |
|
01/2008 06/2008 |
5 |
$330,534.00 |
$66,106.80 |
$61,480.00 |
|
Total FY2008 |
10 |
$655,694.00 |
$65,569.40 |
$62,215.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
1 (16.7%) |
|
01/2008 06/2008 |
3 (37.5%) |
|
FY2008 Total |
4 (28.6%) |
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 |
|
The First National Bank, Paris, AR |
2 |
$112,360.00 |
3 |
$175,960.00 |
5 |
$288,320.00 |
|
First Western Mortgage, Fort Smith, AR |
2 |
$113,100.00 |
2 |
$154,574.00 |
4 |
$267,674.00 |
|
Priority Bank, Ozark, AR |
1 |
$99,700.00 |
0 |
$0.00 |
1 |
$99,700.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
5 |
$325,160.00 |
|
01/2008 06/2008 |
5 |
$330,534.00 |
|
|
Total FY2008 |
10 |
$655,694.00 |
|
|
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 |
2 |
$113,100.00 |
|
01/2008 06/2008 |
2 |
$154,574.00 |
|
|
Total FY2008 |
4 |
$267,674.00 |
|
|
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 |
$212,060.00 |
|
01/2008 06/2008 |
3 |
$175,960.00 |
|
|
Total FY2008 |
6 |
$388,020.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
4 |
$225,460.00 |
80.0% |
$32,111.97 |
$35,909.76 |
|
01/2008 06/2008 |
5 |
$330,534.00 |
100.0% |
$31,491.16 |
$30,303.80 |
|
|
Total FY2008 |
9 |
$555,994.00 |
90.0% |
$31,301.56 |
$33,606.78 |
|
|
Minority |
07/2007 12/2007 |
1 |
$99,700.00 |
20.0% |
$47,688.00 |
$47,688.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$99,700.00 |
10.0% |
$47,688.00 |
$47,688.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
2 |
40.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
20.0% |
|
|
Female |
07/2007 12/2007 |
3 |
60.0% |
|
01/2008 06/2008 |
5 |
100.0% |
|
|
Total FY2008 |
8 |
80.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
1 |
20.0% |
|
01/2008 06/2008 |
2 |
40.0% |
|
|
Total FY2008 |
3 |
30.0% |
|
|
23 to 30 |
07/2007 - 12/2007 |
2 |
40.0% |
|
01/2008 06/2008 |
3 |
60.0% |
|
|
Total FY2008 |
5 |
50.0% |
|
|
31 to 40 |
07/2007 12/2007 |
2 |
40.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
20.0% |
|
|
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 |
28.8 |
|
|
01/2008 06/2008 |
23.4 |
||
|
Total FY2008 |
26.1 |
|
Average Household Size |
07/2007 12/2007 |
2.4 |
|
01/2008 06/2008 |
2.0 |
|
|
Total FY2008 |
2.2 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
2 |
$3,913.00 |
$1,956.50 |
40.0% |
|
01/2008 06/2008 |
2 |
$8,020.00 |
$4,010.00 |
40.0% |
|
Total FY2008 |
4 |
$11,933.00 |
$2,983.25 |
40.0% |
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 |
|
Crawford Sebastian CDC |
2 |
$3,913.00 |
2 |
$8,020.00 |
4 |
$11,933.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
2 |
$3,913.00 |
|
01/2008 06/2008 |
2 |
$8,020.00 |
|
|
Total FY2008 |
4 |
$11,933.00 |
|
|
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 |
2 |
$3,913.00 |
100.0% |
$35,935.32 |
$35,935.32 |
|
01/2008 06/2008 |
2 |
$8,020.00 |
100.0% |
$31,326.00 |
$31,326.00 |
|
|
Total FY2008 |
4 |
$11,933.00 |
100.0% |
$31,630.66 |
$31,630.66 |
|
|
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 |
1 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
25.0% |
|
|
Female |
07/2007 12/2007 |
1 |
50.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
3 |
75.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
1 |
25.0% |
|
|
23 to 30 |
07/2007 12/2007 |
1 |
50.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
2 |
50.0% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
25.0% |
|
|
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 |
32.0 |
|
|
01/2008 06/2008 |
23.0 |
||
|
Total FY2008 |
27.5 |
|
Average Household Size |
07/2007 12/2007 |
1.5 |
|
01/2008 06/2008 |
1.5 |
|
|
Total FY2008 |
1.5 |
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 |
|
|
$329,073.00 |
$338,554.00 |
$667,627.00 |
|
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 Program 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
Logan
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$329,073.00 |
$338,554.00 |
$667,627.00 |
Back to Congressional District 4 / Back to Statewide Statistics / Home Page