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
White
Countyin Congressional District
2HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
18 |
$1,625,089.00 |
$90,282.72 |
$91,168.00 |
|
01/2008 06/2008 |
24 |
$2,272,523.00 |
$94,688.46 |
$86,462.00 |
|
Total FY2008 |
42 |
$3,897,612.00 |
$92,800.28 |
$88,815.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
4 (18.2%) |
|
01/2008 06/2008 |
9 (27.3%) |
|
FY2008 Total |
13 (23.6%) |
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 |
|
First Home Mortgage, Inc., Jonesboro, AR |
1 |
$38,265.00 |
0 |
$0.00 |
1 |
$38,265.00 |
|
First Security, Searcy, AR |
4 |
$317,105.00 |
3 |
$213,506.00 |
7 |
$530,611.00 |
|
Bank of Little Rock Mortgage, North Little Rock, AR |
2 |
$131,969.00 |
0 |
$0.00 |
2 |
$131,969.00 |
|
Regions Mortgage, Searcy, AR |
3 |
$265,814.00 |
12 |
$1,288,023.00 |
15 |
$1,553,837.00 |
|
Simmons First National Bank, Searcy, AR |
8 |
$871,936.00 |
9 |
$770,994.00 |
17 |
$1,642,930.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
18 |
$1,625,089.00 |
|
01/2008 06/2008 |
23 |
$2,162,319.00 |
|
|
Total FY2008 |
41 |
$3,787,408.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$110,204.00 |
|
|
Total FY2008 |
1 |
$110,204.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
3 |
$150,208.00 |
|
01/2008 06/2008 |
3 |
$211,026.00 |
|
|
Total FY2008 |
6 |
$361,234.00 |
|
|
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 |
$90,500.00 |
|
01/2008 06/2008 |
4 |
$369,204.00 |
|
|
Total FY2008 |
5 |
$459,704.00 |
|
|
Rural Development |
07/2007 12/2007 |
14 |
$1,384,381.00 |
|
01/2008 06/2008 |
17 |
$1,692,293.00 |
|
|
Total FY2008 |
31 |
$3,076,674.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
17 |
$1,555,729.00 |
94.4% |
$33,083.77 |
$29,014.56 |
|
01/2008 06/2008 |
24 |
$2,272,523.00 |
100.0% |
$41,289.59 |
$41,590.32 |
|
|
Total FY2008 |
41 |
$3,828,252.00 |
97.6% |
$37,186.68 |
$35,302.44 |
|
|
Minority |
07/2007 12/2007 |
1 |
$69,360.00 |
5.6% |
$33,500.04 |
$33,500.04 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$69,360.00 |
2.4% |
$33,500.04 |
$33,500.04 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
10 |
55.6% |
|
01/2008 06/2008 |
16 |
66.7% |
|
|
Total FY2008 |
26 |
61.9% |
|
|
Female |
07/2007 12/2007 |
8 |
44.4% |
|
01/2008 06/2008 |
6 |
25.0% |
|
|
Total FY2008 |
14 |
33.3% |
|
|
Unknown |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
8.3% |
|
|
Total FY2008 |
2 |
4.8% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
6 |
33.3% |
|
01/2008 06/2008 |
2 |
8.3% |
|
|
Total FY2008 |
8 |
19.0% |
|
|
23 to 30 |
07/2007 - 12/2007 |
6 |
33.3% |
|
01/2008 06/2008 |
12 |
50.0% |
|
|
Total FY2008 |
18 |
42.9% |
|
|
31 to 40 |
07/2007 12/2007 |
2 |
11.1% |
|
01/2008 06/2008 |
6 |
25.0% |
|
|
Total FY2008 |
8 |
19.0% |
|
|
41 to 50 |
07/2007 12/2007 |
1 |
5.6% |
|
01/2008 06/2008 |
2 |
8.3% |
|
|
Total FY2008 |
3 |
7.1% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
5.6% |
|
01/2008 06/2008 |
1 |
4.2% |
|
|
Total FY2008 |
2 |
4.8% |
|
|
61 to 70 |
07/2007 12/2007 |
1 |
5.6% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
2.4% |
|
|
71+ |
07/2007 12/2007 |
1 |
5.6% |
|
01/2008 06/2008 |
1 |
4.2% |
|
|
Total FY2008 |
2 |
4.8% |
|
|
Average Age |
07/2007 12/2007 |
32.7 |
|
|
01/2008 06/2008 |
33.0 |
||
|
Total FY2008 |
32.9 |
|
Average Household Size |
07/2007 12/2007 |
2.4 |
|
01/2008 06/2008 |
2.7 |
|
|
Total FY2008 |
2.6 |
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 |
4 |
$8,695.00 |
$2,173.75 |
16.7% |
|
Total FY2008 |
4 |
$8,695.00 |
$2,173.75 |
9.5% |
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 |
|
Community Resources Technicians |
0 |
$0.00 |
2 |
$5,300.00 |
2 |
$5,300.00 |
|
In Affordable Housing |
0 |
$0.00 |
2 |
$3,395.00 |
2 |
$3,395.00 |
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 |
$8,695.00 |
|
|
Total FY2008 |
4 |
$8,695.00 |
|
|
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 |
4 |
$8,695.00 |
100.0% |
$39,566.76 |
$39,865.74 |
|
|
Total FY2008 |
4 |
$8,695.00 |
100.0% |
$39,566.76 |
$39,865.74 |
|
|
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 |
3 |
75.0% |
|
|
Total FY2008 |
3 |
75.0% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
1 |
25.0% |
|
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 |
25.0% |
|
|
Total FY2008 |
2 |
25.0% |
|
|
23 to 30 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
50.0% |
|
|
Total FY2008 |
2 |
50.0% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
1 |
25.0% |
|
|
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 |
35.3 |
||
|
Total FY2008 |
35.3 |
|
Average Household Size |
07/2007 12/2007 |
N/A |
|
01/2008 06/2008 |
2.8 |
|
|
Total FY2008 |
2.8 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
3 |
$14,303.00 |
$4,767.67 |
16.7% |
|
01/2008 06/2008 |
2 |
$7,969.00 |
$3,984.50 |
8.3% |
|
Total FY2008 |
5 |
$22,272.00 |
$4,454.40 |
11.9% |
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 |
|
In Affordable Housing. |
3 |
$14,303.00 |
2 |
$7,969.00 |
5 |
$22,272.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
2 |
$6,923.00 |
|
01/2008 06/2008 |
2 |
$7,969.00 |
|
|
Total FY2008 |
4 |
$14,892.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
1 |
$7,380.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$7,380.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
3 |
$14,303.00 |
100.0% |
$22,659.36 |
$23,061.48 |
|
01/2008 06/2008 |
2 |
$7,969.00 |
100.0% |
$28,282.56 |
$28,282.56 |
|
|
Total FY2008 |
5 |
$22,272.00 |
100.0% |
$25,470.96 |
$25,670.02 |
|
|
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 |
2 |
66.7% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
|
Female |
07/2007 12/2007 |
1 |
33.3% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
3 |
60.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
1 |
33.3% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
2 |
40.0% |
|
|
23 to 30 |
07/2007 12/2007 |
1 |
33.3% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
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 |
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 |
1 |
33.3% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
20.0% |
|
|
Average Age |
07/2007 12/2007 |
38.7 |
|
|
01/2008 06/2008 |
24.0 |
||
|
Total FY2008 |
31.4 |
|
Average Household Size |
07/2007 12/2007 |
1.7 |
|
01/2008 06/2008 |
2.5 |
|
|
Total FY2008 |
2.1 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$1,639,392.00 |
$2,289,187.00 |
$3,928,579.00 |
|
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 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
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 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
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 |
21 |
$66,667.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
21 |
$66,667.00 |
|
|
Total |
07/2007 12/2007 |
21 |
$66,667.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
21 |
$66,667.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$3,174.62 |
|
|
01/2008 6/2008 |
$0.00 |
||
|
Total FY2008 |
$3,174.62 |
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 |
|
|
$66,667.00 |
$0.00 |
$66,667.00 |
|
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 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
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 |
|
01/2008 06/2008 |
1 |
$1,500,000.00 |
$1,500,000.00 |
|
|
Total FY2008 |
1 |
$1,500,000.00 |
$1,500,000.00 |
|
|
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 |
$1,500,000.00 |
$1,500,000.00 |
|
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
White
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$1,706,059.00 |
$3,789,187.00 |
$5,495,246.00 |
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