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
Pope
Countyin Congressional District
3HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
37 |
$3,274,352.00 |
$88,496.00 |
$84,350.00 |
|
01/2008 06/2008 |
35 |
$3,156,194.00 |
$90,176.97 |
$89,900.00 |
|
Total FY2008 |
72 |
$6,430,546.00 |
$89,313.13 |
$87,125.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
3 (7.5%) |
|
01/2008 06/2008 |
7 (16.7%) |
|
FY2008 Total |
10 (12.1%) |
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 |
3 |
$331,339.00 |
1 |
$70,278.00 |
4 |
$401,617.00 |
|
Bank of the Ozarks, Little Rock, AR |
1 |
$135,000.00 |
0 |
$0.00 |
1 |
$135,000.00 |
|
First Arkansas Valley Bank, Russellville, AR |
1 |
$86,400.00 |
0 |
$0.00 |
1 |
$86,400.00 |
|
First Security Bank, Conway, AR |
1 |
$67,857.00 |
2 |
$169,047.00 |
3 |
$236,904.00 |
|
Liberty Bank, Russellville, AR |
18 |
$1,566,837.00 |
22 |
$2,069,237.00 |
40 |
$3,636,074.00 |
|
Pulaski Mortgage Company, Russellville, AR |
3 |
$285,219.00 |
2 |
$177,975.00 |
5 |
$463,194.00 |
|
River Town Bank, Russellville, AR |
4 |
$369,325.00 |
3 |
$239,125.00 |
7 |
$608,450.00 |
|
Simmons First Bank, Russellville, AR |
6 |
$432,375.00 |
5 |
$430,532.00 |
11 |
$862,907.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
34 |
$2,991,152.00 |
|
01/2008 06/2008 |
32 |
$2,820,390.00 |
|
|
Total FY2008 |
66 |
$5,811,542.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
3 |
$283,200.00 |
|
01/2008 06/2008 |
3 |
$335,804.00 |
|
|
Total FY2008 |
6 |
$619,004.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
9 |
$779,959.00 |
|
01/2008 06/2008 |
8 |
$587,553.00 |
|
|
Total FY2008 |
17 |
$1,367,512.00 |
|
|
VA |
07/2007 12/2007 |
2 |
$310,000.00 |
|
01/2008 - 06/2008 |
3 |
$258,332.00 |
|
|
Total FY2008 |
5 |
$568,332.00 |
|
|
Conventional |
07/2007 12/2007 |
1 |
$50,825.00 |
|
01/2008 06/2008 |
2 |
$184,800.00 |
|
|
Total FY2008 |
3 |
$235,625.00 |
|
|
Rural Development |
07/2007 12/2007 |
25 |
$2,133,568.00 |
|
01/2008 06/2008 |
22 |
$2,125,509.00 |
|
|
Total FY2008 |
47 |
$4,259,077.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
33 |
$2,850,173.00 |
89.2% |
$35,527.16 |
$36,714.00 |
|
01/2008 06/2008 |
33 |
$2,967,901.00 |
94.3% |
$37,009.52 |
$38,712.00 |
|
|
Total FY2008 |
66 |
$5,818,074.00 |
86.0% |
$36,268.34 |
$37,713.00 |
|
|
Minority |
07/2007 12/2007 |
4 |
$424,179.00 |
10.8% |
$40,748.79 |
$34,675.88 |
|
01/2008 06/2008 |
2 |
$188,293.00 |
5.7% |
$38,512.86 |
$38,512.86 |
|
|
Total FY2008 |
6 |
$612,472.00 |
14.0% |
$36,491.17 |
$36,594.37 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
25 |
67.6% |
|
01/2008 06/2008 |
29 |
82.9% |
|
|
Total FY2008 |
54 |
75.0% |
|
|
Female |
07/2007 12/2007 |
12 |
32.4% |
|
01/2008 06/2008 |
6 |
17.1% |
|
|
Total FY2008 |
18 |
25.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
10 |
27.0% |
|
01/2008 06/2008 |
9 |
25.7% |
|
|
Total FY2008 |
19 |
26.3% |
|
|
23 to 30 |
07/2007 - 12/2007 |
14 |
37.8% |
|
01/2008 06/2008 |
13 |
37.1% |
|
|
Total FY2008 |
27 |
37.5% |
|
|
31 to 40 |
07/2007 12/2007 |
5 |
13.5% |
|
01/2008 06/2008 |
10 |
28.6% |
|
|
Total FY2008 |
15 |
20.8% |
|
|
41 to 50 |
07/2007 12/2007 |
5 |
13.5% |
|
01/2008 06/2008 |
2 |
5.7% |
|
|
Total FY2008 |
7 |
9.7% |
|
|
51 to 60 |
07/2007 12/2007 |
2 |
5.4% |
|
01/2008 06/2008 |
1 |
2.9% |
|
|
Total FY2008 |
3 |
4.1% |
|
|
61 to 70 |
07/2007 12/2007 |
1 |
2.7% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
1.3% |
|
|
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 |
30.6 |
|
|
01/2008 06/2008 |
28.6 |
||
|
Total FY2008 |
29.6 |
|
Average Household Size |
07/2007 12/2007 |
2.2 |
|
01/2008 06/2008 |
2.2 |
|
|
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 |
11 |
$52,663.00 |
$4,787.55 |
29.7% |
|
01/2008 06/2008 |
10 |
$34,405.00 |
$3,440.50 |
28.6% |
|
Total FY2008 |
21 |
$87,068.00 |
$4,146.10 |
29.1% |
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 |
|
ARVAC |
2 |
$11,600.00 |
2 |
$5,580.00 |
4 |
$17,180.00 |
|
Universal Housing |
9 |
$41,063.00 |
8 |
$28,825.00 |
17 |
$69,888.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
10 |
$48,023.00 |
|
01/2008 06/2008 |
9 |
$30,505.00 |
|
|
Total FY2008 |
19 |
$78,528.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
1 |
$4,640.00 |
|
01/2008 06/2008 |
1 |
$3,900.00 |
|
|
Total FY2008 |
2 |
$8,540.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
8 |
$34,863.00 |
72.7% |
$35,878.37 |
$42,406.86 |
|
01/2008 06/2008 |
9 |
$28,405.00 |
90.0% |
$32,410.76 |
$32,916.00 |
|
|
Total FY2008 |
17 |
$53,068.00 |
80.9% |
$34,144.57 |
$37,661.43 |
|
|
Minority |
07/2007 12/2007 |
3 |
$17,800.00 |
27.3% |
$41,654.24 |
$39,319.32 |
|
01/2008 06/2008 |
1 |
$6,000.00 |
10.0% |
$45,900.60 |
$45,900.60 |
|
|
Total FY2008 |
4 |
$23,800.00 |
19.1% |
$43,777.42 |
$42,609.96 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
10 |
90.9% |
|
01/2008 06/2008 |
9 |
90.0% |
|
|
Total FY2008 |
19 |
90.5% |
|
|
Female |
07/2007 12/2007 |
1 |
9.1% |
|
01/2008 06/2008 |
1 |
10.0% |
|
|
Total FY2008 |
2 |
9.5% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
3 |
27.3% |
|
01/2008 06/2008 |
3 |
30.0% |
|
|
Total FY2008 |
6 |
28.6% |
|
|
23 to 30 |
07/2007 12/2007 |
4 |
36.4% |
|
01/2008 06/2008 |
1 |
10.0% |
|
|
Total FY2008 |
5 |
23.8% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
9.1% |
|
01/2008 06/2008 |
5 |
50.0% |
|
|
Total FY2008 |
6 |
28.6% |
|
|
41 to 50 |
07/2007 12/2007 |
2 |
18.2% |
|
01/2008 06/2008 |
1 |
10.0% |
|
|
Total FY2008 |
3 |
14.3% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
9.1% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
4.8% |
|
|
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 |
31.1 |
|
|
01/2008 06/2008 |
30.4 |
||
|
Total FY2008 |
30.8 |
|
Average Household Size |
07/2007 12/2007 |
2.6 |
|
01/2008 06/2008 |
1.7 |
|
|
Total FY2008 |
2.2 |
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 |
3 |
$15,168.00 |
$5,056.00 |
8.6% |
|
Total FY2008 |
3 |
$15,168.00 |
$5,056.00 |
4.1% |
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 |
|
Universal Housing |
0 |
$0.00 |
3 |
$15,168.00 |
3 |
$15,168.00 |
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 |
2 |
$8,059.00 |
|
|
Total FY2008 |
2 |
$8,059.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$7,109.00 |
|
|
Total FY2008 |
1 |
$7,109.00 |
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 |
3 |
$15,168.00 |
100.0% |
$21,626.80 |
$21,626.80 |
|
|
Total FY2008 |
3 |
$15,168.00 |
100.0% |
$21,626.80 |
$21,626.80 |
|
|
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 |
1 |
33.3% |
|
|
Total FY2008 |
1 |
33.3% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
66.7% |
|
|
Total FY2008 |
2 |
66.7% |
|
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 |
33.3% |
|
|
Total FY2008 |
2 |
33.3% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
66.7% |
|
|
Total FY2008 |
2 |
66.7% |
|
|
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 |
32.7 |
||
|
Total FY2008 |
32.7 |
|
Average Household Size |
07/2007 12/2007 |
N/A |
|
01/2008 06/2008 |
1.7 |
|
|
Total FY2008 |
1.7 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$3,327,015.00 |
$3,205,767.00 |
$6,532,782.00 |
|
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 |
$3,000,000.00 |
$3,000.000.00 |
|
|
Total FY2008 |
1 |
$3,000,000.00 |
$3,000,000.00 |
|
|
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 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
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 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$3,000,000.00 |
$3,000,000.00 |
|
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
Pope
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$3,327,015.00 |
$6,205,767.00 |
$9,532,782.00 |
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