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
ST. FRANCIS
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 |
16 |
$1,252,688.00 |
$78,293.00 |
$83,000.00 |
|
01/2008 06/2008 |
8 |
$559,355.00 |
$69,919.38 |
$66,400.00 |
|
Total FY2008 |
24 |
$1,812,043.00 |
$75,501.79 |
$74,700.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
0 (0.0%) |
|
01/2008 06/2008 |
0 (0.0%) |
|
FY2008 Total |
0 (0.0%) |
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 |
|
First Community Bank of E Arkansas, Marion, AR |
1 |
$63,802.00 |
0 |
$0.00 |
1 |
$63,802.00 |
|
First Horizon Home Loan Corp, West Memphis, AR |
1 |
$37,000.00 |
0 |
$0.00 |
1 |
$37,000.00 |
|
Pulaski Mortgage Company, Forrest City, AR |
13 |
$1,102,775.00 |
8 |
$559,355.00 |
21 |
$1,662,130.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
1 |
$49,111.00 |
0 |
$0.00 |
1 |
$49,111.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
16 |
$1,252,688.00 |
|
01/2008 06/2008 |
8 |
$559,355.00 |
|
|
Total FY2008 |
24 |
$1,812,043.00 |
|
|
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 |
$49,111.00 |
|
01/2008 06/2008 |
1 |
$98,455.00 |
|
|
Total FY2008 |
2 |
$147,566.00 |
|
|
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 |
$37,000.00 |
|
01/2008 06/2008 |
0 |
$0.0 |
|
|
Total FY2008 |
1 |
$37,000.00 |
|
|
Rural Development |
07/2007 12/2007 |
14 |
$1,166,577.00 |
|
01/2008 06/2008 |
7 |
$460,900.00 |
|
|
Total FY2008 |
21 |
$1,627,477.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
8 |
$611,613.00 |
50.0% |
$38,093.25 |
$39,482.16 |
|
01/2008 06/2008 |
6 |
$411,655.00 |
75.0% |
$36,418.36 |
$37,450.92 |
|
|
Total FY2008 |
14 |
$1,023,268.00 |
58.3% |
$37,255.81 |
$38,466.54 |
|
|
Minority |
07/2007 12/2007 |
8 |
$641,075.00 |
50.0% |
$30,386.42 |
$31,077.90 |
|
01/2008 06/2008 |
2 |
$147,700.00 |
25.0% |
$36,089.64 |
$36,089.64 |
|
|
Total FY2008 |
10 |
$788,775.00 |
41.7% |
$33,238.03 |
$33,583.77 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
9 |
56.3% |
|
01/2008 06/2008 |
6 |
75.0% |
|
|
Total FY2008 |
15 |
62.5% |
|
|
Female |
07/2007 12/2007 |
7 |
43.8% |
|
01/2008 06/2008 |
2 |
25.0% |
|
|
Total FY2008 |
9 |
37.5% |
|
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 |
12.5% |
|
|
Total FY2008 |
1 |
4.2% |
|
|
23 to 30 |
07/2007 - 12/2007 |
6 |
37.5% |
|
01/2008 06/2008 |
3 |
37.5% |
|
|
Total FY2008 |
9 |
37.5% |
|
|
31 to 40 |
07/2007 12/2007 |
2 |
12.5% |
|
01/2008 06/2008 |
1 |
12.5% |
|
|
Total FY2008 |
3 |
12.5% |
|
|
41 to 50 |
07/2007 12/2007 |
5 |
31.3% |
|
01/2008 06/2008 |
1 |
12.5% |
|
|
Total FY2008 |
6 |
25.0% |
|
|
51 to 60 |
07/2007 12/2007 |
3 |
18.8% |
|
01/2008 06/2008 |
2 |
25.0% |
|
|
Total FY2008 |
5 |
20.8% |
|
|
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 |
37.8 |
|
|
01/2008 06/2008 |
35.6 |
||
|
Total FY2008 |
36.7 |
|
Average Household Size |
07/2007 12/2007 |
2.0 |
|
01/2008 06/2008 |
1.8 |
|
|
Total FY2008 |
1.9 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
6 |
$16,735.00 |
$2,789.17 |
37.5% |
|
01/2008 06/2008 |
2 |
$8,100.00 |
$4,050.00 |
25.0% |
|
Total FY2008 |
8 |
$24,835.00 |
$3,104.38 |
33.3% |
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 |
6 |
$16,735.00 |
2 |
$8,100.00 |
8 |
$24,835.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
6 |
$16,735.00 |
|
01/2008 06/2008 |
2 |
$8,100.00 |
|
|
Total FY2008 |
8 |
$24,835.00 |
|
|
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 |
$6,285.00 |
33.3% |
$24,075.42 |
$24,075.42 |
|
01/2008 06/2008 |
2 |
$8,100.00 |
100.0% |
$33,540.00 |
$33,540.00 |
|
|
Total FY2008 |
4 |
$14,385.00 |
50.0% |
$28,807.71 |
$28,807.71 |
|
|
Minority |
07/2007 12/2007 |
4 |
$10,450.00 |
66.7% |
$27,560.76 |
$26,356.56 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
4 |
$10,450.00 |
50.0% |
$27,560.76 |
$26,356.56 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
3 |
50.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
4 |
50.0% |
|
|
Female |
07/2007 12/2007 |
3 |
50.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
4 |
50.0% |
|
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 |
1 |
16.7% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
2 |
25.0% |
|
|
31 to 40 |
07/2007 12/2007 |
2 |
33.3% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
25.0% |
|
|
41 to 50 |
07/2007 12/2007 |
3 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
3 |
37.5% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
1 |
12.5% |
|
|
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 |
40.1 |
|
|
01/2008 06/2008 |
38.0 |
||
|
Total FY2008 |
39.1 |
|
Average Household Size |
07/2007 12/2007 |
1.7 |
|
01/2008 06/2008 |
1.5 |
|
|
Total FY2008 |
1.6 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
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 |
|
|
$1,269,423.00 |
$567,455.00 |
$1,836,878.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Acquisition Rehab |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2007 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Homeowner Acquisition |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Homeowner New Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
5 |
$467,500.00 |
|
|
Total FY2008 |
5 |
$467,500.00 |
|
|
Homeowner Rehab or Mortgage Subsidy |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Rental New Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
10 |
$400,000.00 |
|
|
Total FY2008 |
10 |
$400,000.00 |
|
|
Rental Rehab |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Tenant Based Rental Assistance |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Total |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
15 |
$867,500.00 |
|
|
Total FY2008 |
15 |
$867,500.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$0.00 |
|
|
01/2008 6/2008 |
$57,833.33 |
||
|
Total FY2008 |
$57,833.33 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
40 |
$425,000.00 |
$85,000.00 |
$510,000.00 |
$12,750.00 |
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 |
$1,377,500.00 |
$1,377,500.00 |
|
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 Amt |
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
ST. FRANCIS
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$1,269,423.00 |
$1,944,955.00 |
$3,214,378.00 |
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