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2001 ADFA Annual Report

Statewide Statistics

Congressional District 1

Congressional District 2

Congressional District 3

Congressional District 4

 

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

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ADFA 2001 Financial Statement

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STATEWIDE

For Period July 1, 2000 – June 30, 2001

      

HOMEOWNERSHIP

 

Home-To-Own

           FY 2001 Activity

                 No. of Loans:                                                          1,641

                    Total Dollar Amount:                                                  $95,769,829

                    Average Loan Amount:                                                $       58,361

 

Down Payment Assistance Program

           FY 2001 Activity

                    No. of Loans:                                                                             775

                    Total Dollar Amount:                                                    $2,007,656

                    Average Dollar Amount:                                                $       2,591

  

HOMEOWNERSHIP BOND ISSUANCE

 

Authorization to use borrowing facilities for ADFA’s Down Payment Assistance Program

$2,500,000 -- July, 2000

 

Authorization of funding for ADFA’s Down Payment Assistance Program

$2,000,000 -- September, 2001

 

Authorization of  funding for ADFA’s Down Payment Assistance Program

$2,000,000 -- March, 2001
 

Series 2001 A-H

$110,290,000 -- May, 2001
 

Authorization of funding for ADFA’s Down Payment Assistance Program

$2,000,000 -- June, 2001

 

HOUSING PRODUCTION

           FY 2001 Activity

 

 

No. Units

 

Tax-Exempt Bonds

Low Income Hsng Tax Credits

 

HOME Funds

 

Total

 

 

 

 

 

 

Rental New Construction

1,082

$10,200,000

$3,464,505

$3,736,343

$17,400,848

 

 

 

 

 

 

Rental Rehab

368

$1,525,000

$581,664

$365,000

$2,471,664

 

 

 

 

 

 

Homeowner New Construction

26

$0

$0

$1,194,000

$1,194,000

 

 

 

 

 

 

Homeowner Rehab

80

$0

$330,628

$3,272,937

$3,603,565

 

 

 

 

 

 

Tenant Based Rental Assistance

382

$0

$28,728

$1,003,436

$1,032,164

 

 

 

 

 

 

TOTAL

1,938

$11,725,000

$4,405,525

$9,571,716

$25,702,241

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$13,262

 

Home Investment Loans Originated by ADFA

          No. of Loans:                                                                              41

          Total Dollar Amount:                                                    $3,908,984

          Average Dollar Amount:                                                $     95,341

 

HOUSING PRODUCTION BOND ISSUANCE

 

2000 F – Capri Apartments

$5,200,000 -- October, 2000

 

2000 D – Touchstone Apartments

$5,450,000 -- November, 2000

 

2000 G – Chapel Ridge of Conway

$5,000,000 -- November, 2000

 

2000 H – Marianna Manor

$1,525,000 -- November, 2000

 

2001 A – Oakwood Manor Apartments

$6,450,000 -- May, 2001

 

·       Multifamily Housing Revenue Bonds

                    2001 B – Gables of Maumelle

                       $5,030,000 -- June 2001

      

DEVELOPMENT FINANCE

           FY 2001 Activity

 

 

Program

No. Projects

Project Amount

Average Project Amount

 

 

 

 

ADFA Bond Guaranty

8

$10,975,000

$1,371,875

 

 

 

 

AEDC/Other Bond Guaranty

1

$415,000

$415,000

 

 

 

 

Higher Education Facilities

3

$1,740,000

$580,000

 

 

 

 

Wastewater Revolving Loan

4

$21,250,000

$5,312,500

 

 

 

 

Safe Drinking Water Revolving Loan

1

$4,000,000

$4,000,000

 

 

 

 

Business Life Program

5

$2,880

$576

 

 

 

 

ADFA-Originated Loans

10

$13,465,306

$1,346,531

 

 

 

 

Bond Guaranty Reserve Fund

3

$232,450

$77,483

 

 

 

 

Capital Access Program

34

$59,238

$1,742

 

 

 

 

Disadvantaged Business Enterprise

1

$50,000

$50,000

 

 

 

 

TOTAL

70

$52,189,874

$745,570

 

DEVELOPMENT FINANCE  BOND ISSUANCE

 

2000 A Livestock & Poultry

$1,280,000 -- July, 2000

 

2000 B State Plant Board

$945,000 -- July, 2000

 

2000    B

$5,180,000 -- December, 2000

 

 ·       ADED Guaranteed Bonds

                        2000 D

$415,000

 

Federal Home Loan Bank of Dallas

$8,000,000 -- January, 2001

 

2001    A – Main Street Project

$3,750,000 -- January, 2001

 

2002    B – Department of Health Project

$4,100,000 -- January, 2001

 

2003    A & B

$2,500,000 -- February, 2001

 

Team Ward

$1,400,000 -- March, 2001

 

Koehler Bakery

$1,700,000 -- March, 2001

 

2001 A

$40,000,000 -- April, 2001

 

C Bean Transport, Inc.

$6,500,000 -- May, 2001

 

2004    H & L

$2,500,000 -- May, 2001

 

2001 -- $15,000,000

 

 TOTAL FUNDS FY 2001 BY COUNTY

 

 

COUNTY

CONG DIST

 

TOTAL FUNDS

PCT TOTAL

 

RANK

Pulaski

2

$36,157,709

20.135%

1

Benton

3

$18,500,266

10.302%

2

Drew

4

$10,648,063

5.929%

3

Crittenden

1

$9,965,801

5.550%

4

Faulkner

2

$8,259,475

4.599%

5

Sebastian

3

$6,879,517

3.831%

6

Mississippi

1

$6,238,782

3.474%

7

Washngton

3

$6,087,414

3.390%

8

Cross

1

$6,005,905

3.344%

9

Crawford

3

$5,852,077

3.259%

10

Lonoke

1

$5,337,102

2.972%

11

Hot Spring

4

$4,477,100

2.493%

12

Craighead

1

$4,347,066

2.421%

13

Pope

3

$4,215,345

2.347%

14

White

2

$4,179,461

2.327%

15

Jefferson

4

$3,746,552

2.086%

16

Saline

2

$3,364,913

1.874%

17

Madison

3

$3,292,449

1.833%

18

Johnson

3

$3,035,611

1.690%

19

Yell

2

$2,737,980

1.525%

20

Boone

3

$2,218,941

1.236%

21

Lee

1

$1,898,089

1.057%

22

Conway

2

$1,751,623

0.975%

23

Clark

4

$1,647,071

0.917%

24

Baxter

3

$1,574,628

0.877%

25

St. Francis

1

$1,317,730

0.734%

26

Franklin

3

$1,303,387

0.726%

27

Ashley

4

$1,185,485

0.660%

28

Phillips

1

$1,181,858

0.658%

29

Garland

4

$1,075,419

0.658%

30

Independence

1

$877,960

0.489%

31

Logan

3

$812,662

0.453%

32

Miller

4

$678,163

0.378%

33

Van Buren

3

$639,344

0.356%

34

Lafayette

4

$608,526

0.339%

35

Randolph

1

$561,034

0.312%

36

Ouachita

4

$548,435

0.305%

37

Arkansas

1

$497,323

0.277%

38

Marion

3

$470,400

0.262%

39

Scott

3

$469,350

0.261%

40

Poinsett

1

$426,917

0.238%

41

Bradley

4

$406,536

0.226%

42

Carroll

3

$365,550

0.204%

43

Cleburne

1

$357,668

0.199%

44

Pike

4

$306,927

0.171%

45

Monroe

1

$283,205

0.158%

46

Chicot

4

$261,813

0.146%

47

Lawrence

1

$250,994

0.140%

48

Union

4

$226,649

0.126%

49

Lincoln

4

$208,054

0.116%

50

Dallas

4

$200,300

0.112%

51

Perry

2

$192,810

0.107%

52

Izard

1

$182,417

0.102%

53

Howard

4

$181,374

0.101%

54

Polk

3

$158,350

0.088%

55

Jackson

1

$145,200

0.081%

56

Sharp

1

$100,986

0.056%

57

Fulton

1

$100,000

0.056%

58

Newton

3

$100,000

0.056%

58

Searcy

1

$96,000

0.053%

60

Clay

1

$89,696

0.050%

61

Woodruff

1

$86,189

0.048%

62

Montgomery

4

$70,000

0.039%

63

Prairie

1

$52,600

0.029%

64

Desha

4

$43,700

0.024%

65

Cleveland

4

$32,458

0.018%

66

Hempstead

4

$6,325

0.004%

67

Calhoun

4

$0

0.000%

68

Columbia

4

$0

0.000%

68

Grant

4

$0

0.000%

68

Greene

1

$0

0.000%

68

Little River

4

$0

0.000%

68

Nevada

4

$0

0.000%

68

Sevier

4

$0

0.000%

68

Stone

1

$0

0.000%

68

 

 

 

 

68

 

 

$179,578,734

 

 

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