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
Lonoke
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 |
8 |
$821,490.00 |
$102,686.25 |
$111,750.00 |
|
01/2008 06/2008 |
13 |
$1,199,308.00 |
$92,254.56 |
$9,578.00 |
|
Total FY2008 |
21 |
$2,020,798.00 |
$96,228.47 |
$101,164.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
1 (11.1%) |
|
01/2008 06/2008 |
0 (0.0%) |
|
FY2008 Total |
1 (4.5%) |
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 |
|
First Security, Searcy, AR |
2 |
$206,554.00 |
1 |
$89,800.00 |
3 |
$296,354.00 |
|
BancorpSouth, Fort Smith, AR |
1 |
$60,586.00 |
2 |
$177,523.00 |
3 |
$881,852.00 |
|
Bank of Little Rock Mortgage, North Little Rock, AR |
4 |
$443,850.00 |
5 |
$438,002.00 |
9 |
$238,109.00 |
|
Bank of the Ozarks, Little Rock, AR |
0 |
$0.00 |
1 |
$102,000.00 |
1 |
$102,000.00 |
|
Metropolitan National Bank, Little Rock, AR |
0 |
$0.00 |
3 |
$270,858.00 |
3 |
$270,858.00 |
|
National Bank of Arkansas, Little Rock, AR |
0 |
$0.00 |
1 |
$125,125.00 |
1 |
$125,125.00 |
|
Regions Mortgage, Little Rock, AR |
1 |
$110,500.00 |
0 |
$0.00 |
1 |
$110,500.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
3 |
$267,140.00 |
|
01/2008 06/2008 |
10 |
$870,867.00 |
|
|
Total FY2008 |
13 |
$1,138,007.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
5 |
$554,350.00 |
|
01/2008 06/2008 |
3 |
$328,441.00 |
|
|
Total FY2008 |
8 |
$882,791.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
2 |
$233,236.00 |
|
01/2008 06/2008 |
8 |
$702,492.00 |
|
|
Total FY2008 |
10 |
$935,728.00 |
|
|
VA |
07/2007 12/2007 |
1 |
$126,464.00 |
|
01/2008 - 06/2008 |
1 |
$108,891.00 |
|
|
Total FY2008 |
2 |
$235,355.00 |
|
|
Conventional |
07/2007 12/2007 |
3 |
$286,000.00 |
|
01/2008 06/2008 |
2 |
$196,125.00 |
|
|
Total FY2008 |
5 |
$482,125.00 |
|
|
Rural Development |
07/2007 12/2007 |
2 |
$175,790.00 |
|
01/2008 06/2008 |
2 |
$191,800.00 |
|
|
Total FY2008 |
4 |
$367,590.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
7 |
$695,026.00 |
87.5% |
$38,115.84 |
$35,109.12 |
|
01/2008 06/2008 |
13 |
$1,199,308.00 |
100.0% |
$42,109.82 |
$42,620.76 |
|
|
Total FY2008 |
20 |
$1,894,334.00 |
95.2% |
$40,112.83 |
$38,864.94 |
|
|
Minority |
07/2007 12/2007 |
1 |
$126,464.00 |
12.5% |
$39,412.56 |
$39,412.56 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$126,464.00 |
4.8% |
$39,412.56 |
$39,412.56 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
6 |
75.0% |
|
01/2008 06/2008 |
8 |
61.5% |
|
|
Total FY2008 |
14 |
66.7% |
|
|
Female |
07/2007 12/2007 |
2 |
25.0% |
|
01/2008 06/2008 |
5 |
38.5% |
|
|
Total FY2008 |
7 |
33.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
1 |
12.5% |
|
01/2008 06/2008 |
2 |
15.4% |
|
|
Total FY2008 |
3 |
14.3% |
|
|
23 to 30 |
07/2007 - 12/2007 |
5 |
62.5% |
|
01/2008 06/2008 |
6 |
46.2% |
|
|
Total FY2008 |
11 |
52.4% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
15.4% |
|
|
Total FY2008 |
2 |
9.5% |
|
|
41 to 50 |
07/2007 12/2007 |
1 |
12.5% |
|
01/2008 06/2008 |
2 |
15.4% |
|
|
Total FY2008 |
3 |
14.3% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
12.5% |
|
01/2008 06/2008 |
1 |
7.7% |
|
|
Total FY2008 |
2 |
9.5% |
|
|
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 |
30.3 |
|
|
01/2008 06/2008 |
31.5 |
||
|
Total FY2008 |
30.9 |
|
Average Household Size |
07/2007 12/2007 |
2.3 |
|
01/2008 06/2008 |
2.6 |
|
|
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 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2008 06/2008 |
5 |
$19,410.00 |
$3,882.00 |
38.5% |
|
Total FY2008 |
5 |
$19,410.00 |
$3,882.00 |
23.8% |
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 |
|
Argenta |
0 |
$0.00 |
1 |
$3,150.00 |
1 |
$3,150.00 |
|
Community Resources Technicians |
0 |
$0.00 |
1 |
$5,700.00 |
1 |
$5,700.00 |
|
In Affordable Housing |
0 |
$0.00 |
3 |
$10,560.00 |
3 |
$10,560.00 |
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 |
4 |
$13,710.00 |
|
|
Total FY2008 |
4 |
$13,710.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$5,700.00 |
|
|
Total FY2008 |
1 |
$5,700.00 |
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 |
5 |
$19,410.00 |
100.0% |
$41,341.44 |
$39,337.92 |
|
|
Total FY2008 |
5 |
$19,410.00 |
100.0% |
$41,341.44 |
$39,337.92 |
|
|
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 |
2 |
40.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
3 |
60.0% |
|
|
Total FY2008 |
3 |
60.0% |
|
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 |
2 |
40.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
20.0% |
|
|
Total FY2008 |
1 |
20.0% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
20.0% |
|
|
Total FY2008 |
1 |
20.0% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
20.0% |
|
|
Total FY2008 |
1 |
20.0% |
|
|
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 |
36.8 |
||
|
Total FY2008 |
36.8 |
|
Average Household Size |
07/2007 12/2007 |
N/A |
|
01/2008 06/2008 |
2.6 |
|
|
Total FY2008 |
2.6 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
4 |
$23,924.00 |
$5,981.00 |
50.0% |
|
01/2008 06/2008 |
1 |
$3,750.00 |
$3,750.00 |
7.7% |
|
Total FY2008 |
5 |
$27,674.00 |
$5,534.80 |
23.8% |
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 |
|
Argenta |
2 |
$9,650.00 |
1 |
$3,750.00 |
2 |
$13,400.00 |
|
Community Resources Technicians |
2 |
$14,274.00 |
0 |
$0.00 |
2 |
$14,274.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
1 |
$5,850.00 |
|
01/2008 06/2008 |
1 |
$3,750.00 |
|
|
Total FY2008 |
2 |
$9,600.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
3 |
$18,074.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
3 |
$18,074.00 |
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 |
$3,750.00 |
100.0% |
$22,802.52 |
$22,802.52 |
|
|
Total FY2008 |
1 |
$3,750.00 |
20.0% |
$22,802.52 |
$22,802,52 |
|
|
Minority |
07/2007 12/2007 |
4 |
$23,924.00 |
100.0% |
$29,230.38 |
$31,776.18 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
4 |
$23,924.00 |
80.0% |
$29,230.38 |
$31,776.18 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
2 |
50.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
3 |
60.0% |
|
|
Female |
07/2007 12/2007 |
2 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
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 |
100.0% |
|
|
Total FY2008 |
1 |
20.0% |
|
|
23 to 30 |
07/2007 12/2007 |
2 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
|
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 |
2 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
|
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 |
41.5 |
|
|
01/2008 06/2008 |
22.0 |
||
|
Total FY2008 |
31.8 |
|
Average Household Size |
07/2007 12/2007 |
2.3 |
|
01/2008 06/2008 |
3.0 |
|
|
Total FY2008 |
2.7 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$845,414.00 |
$1,222,468.00 |
$2,067,882.00 |
|
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
|
Program |
Time Period |
No. Projects |
Project Amount |
Average Project Amount |
|
Bond Guaranty |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
1 |
$500,000.00 |
$500,000.00 |
|
|
Total FY2008 |
1 |
$500,000.00 |
$500,000.00 |
|
|
Higher Education Facilities |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
Wastewater Revolving Loan Fund |
07/2007 12/2007 |
1 |
$13,000,000.00 |
$13,000,000.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$13,000,000.00 |
$13,000,000.00 |
|
|
Safe Drinking Water Revolving Loan Fund |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
State Facilities Financing |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
Other (Special Projects, Interim Loans, Conduit Issues, Capital Access) |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$13,500,000.00 |
$0.00 |
$13,500,000.00 |
|
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
Lonoke
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$14,345,414.00 |
$0.00 |
$14,345,414.00 |
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