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Congressional District 2

 

  1. Conway
  2. Faulkner
  3. Perry
  4. Pulaski
  5. Saline
  6. Van Buren
  7. White
  8. Yell

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

 

CONGRESSIONAL DISTRICT 2

For Period July 1, 2000 June 30, 2001

 

Counties:   Conway, Faulkner, Perry, Pulaski, Saline, White and Yell

 

 

HOMEOWNERSHIP

For information on ADFA bonds issued for Homeownership during the period, see Statewide section.

 

Home-To-Own

           FY 2001 Activity

                    No. of Loans:                                                          495

                    Total Dollar Amount:                                                  $27,762,576

                    Average Loan Amount:                                                $       56,086

 

Down Payment Assistance Program

Participating Homebuyer Counselors  in Area:

Argenta Community Development Corp., North Little Rock, (501) 374-0622

Central Arkansas Development Council, Benton, (501) 315-1121

Central Arkansas Development Council, Little Rock, (501) 565-7054

Family Service Agency, Little Rock, (501) 753-0202

In Affordable Housing, Little Rock, (501) 221-2203

 

          FY 2001 Activity

                    No. of Loans:                                                                         298

                    Total Dollar Amount:                                                    $778,458

                    Average Dollar Amount:                                               $    2,612

     

HOUSING PRODUCTION

For information on ADFA bonds issued for Housing Production during the period, see Statewide section.

          FY 2001 Activity

 

 

No. Units

 

Tax-Exempt Bonds

Low Income Hsng Tax Credits

 

HOME Funds

 

Total

 

 

 

 

 

 

Rental New Construction

172

$5,000,000

$565,498

$0

$5,565,498

 

 

 

 

 

 

Rental Rehab

154

$0

$300,000

$0

$300,000

 

 

 

 

 

 

Homeowner New Construction

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner Rehab

18

$0

$0

$616,092

$616,092

 

 

 

 

 

 

Tenant Based Rental Assistance

50

$0

$0

$150,000

$150,000

 

 

 

 

 

 

TOTAL

394

$5,000,000

$865,498

$766,092

$6,631,590

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$16,096

 

Home Investment Loans Originated by ADFA

          No. of Loans:                                                                              6

          Total Dollar Amount:                                                     $158,075

          Average Dollar Amount:                                                $  26,346

 

Affordable Housing Partners  in  the Area:

Arbor Place Limited Partnership, (949) 417-1396
ARC of Arkansas, (501) 280-3419
Argenta Community Development Corporation, (501) 374-0622
Arrington Development LLC, (601) 856-3538
Associated Management, (501) 758-2402
Birchtree Community, (501) 303-3161
Charles Culbertson, (501) 220-4712
City of McRae
City of Menifee
Coffman Investment Company, (501) 372-1065
Community Action Program for Central Arkansas, Inc.
Conway Housing Authority, (501) 327-0156
Cromwell/Levy, (501) 666-9449
Eastside High School Limited Partnership, (501) 280-3419  
ERC Properties, Inc., (501) 452-9950
First Capital Management, (501) 223-2700
Gulfstream Asset Management
HELP Development Corporation
John Condit (210) 220-1908
Kiehl Partners, (601) 939-0225
Kramer School, (501) 378-1309
Leisure Homes Corporation, (870) 424-7460
Lighthouse, Inc., (501) 562-3910
Lindsey Management, (501) 521-6686
McClellan CDC, (501) 565-4968
McCormack Barron & Associates, (314) 621-3400
Mark Turrentine, (318) 387-2662
Mid-South Housing Group, LLC, (501) 452-5132
MLP Management, (314) 821-6900
Norsouth Management Company, Inc., (770) 303-0505
Phillips Companies, (501) 666-9629
Preservation Partners
Ross Phillips, (501) 221-2643
Simpson Housing Solutions
Sunbelt Development, (501) 227-7730
Timberwood Apartments Limited Partnership, (417) 883-1632
Trinity Court Place Limited Partnership, (501) 375-7737
United Housing Preservation Corp, (310) 820-4777
University Heights Association, (314) 621-3400
Volunteers of America, (501) 374-1713
White River Regional Housing Development Corporation, (870) 368-5200
     

DEVELOPMENT FINANCE

For information on ADFA bonds issued for Development Finance during the period, see Statewide section.

           FY 2001 Activity

           

 

Program

No. Projects

Project Amount

Average Project Amount

 

 

 

 

ADFA Bond Guaranty

5

$7,545,000

$1,509,000

 

 

 

 

AEDC/Other Bond Guaranty

0

$0

$0

 

 

 

 

Higher Education Facilities

1

$200,000

$200,000

 

 

 

 

Wastewater Revolving Loan

2

$10,750,000

$5,375,000

 

 

 

 

Safe Drinking Water Revolving Loan

0

$0

$0

 

 

 

 

Business Life Program

5

$2,880

$576

 

 

 

 

ADFA-Originated Loans

2

$2,550,000

$1,275,000

 

 

 

 

Bond Guaranty Reserve Fund

2

$211,487

$105,744

 

 

 

 

Capital Access Program

5

$3,905

$781

 

 

 

 

Disadvantaged Business Enterprise

1

$50,000

$50,000

 

 

 

 

TOTAL

23

$21,313,272

$926,664

 

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