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Congressional District 3

  1. Baxter
  2. Benton
  3. Boone
  4. Carroll
  5. Crawford
  6. Franklin
  7. Johnson
  8. Logan
  9. Marion
  10. Madison
  11. Newton
  12. Polk
  13. Pope
  14. Scott
  15. Sebastian
  16. Washington

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

     

CONGRESSIONAL DISTRICT 3

For Period July 1, 2000 June 30, 2001

 

HOMEOWNERSHIP

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

 

Home-To-Own

           FY 2001 Activity

                 No. of Loans:                                                            676

                    Total Dollar Amount:                                                $40,403,667

                    Average Loan Amount:                                              $       59,769

 

Down Payment Assistance Program

 

Participating Homebuyer Counselors  in Area:

Arkansas River Valley Area Council (ARVAC), Inc., Dardanelle, (501) 229-4861

Crawford-Sebastian Community Development Council, Fort Smith, (501) 785-2303

Family Service Agency, Springdale, (501) 751-4575

Universal Housing Development Corp, Russellville, (501) 968-5001

 

          FY 2001 Activity

                    No. of Loans:                                                                      339

                    Total Dollar Amount:                                                $877,063

                    Average Dollar Amount:                                           $    2,587

 

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

310

$0

$1,020,729

$1,400,000

$2,420,729

 

 

 

 

 

 

Rental Rehab

64

$0

$101,284

$0

$101,284

 

 

 

 

 

 

Homeowner New Construction

4

$0

$0

$300,000

$300,000

 

 

 

 

 

 

Homeowner Rehab

6

$0

$0

$117,501

$117,501

 

 

 

 

 

 

Tenant Based Rental Assistance

215

$0

$0

$624,795

$624,795

 

 

 

 

 

 

TOTAL

599

$0

$1,122,013

$2,442,296

$3,564,309

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$5,950

 

Home Investment Loans Originated by ADFA

          No. of Loans:                                                                            7

          Total Dollar Amount:                                                $1,547,983

          Average Dollar Amount:                                           $   221,140

 

Affordable Housing Partners  in  the Area:

AFFHOUSE, LLC

Alma Properties, (501) 452.9950
Apartment House Builders, (501) 758-2405
Arrington Development LLC, (601) 856-3538
Atkins Terrace Limited Partnership
Barlee Properties, (501) 452-9550
Bellwood Four / Whistle Stop
Bentonville / Bella Vista Community Development Corporation, (501) 273-7862
Bentonville Housing Authority, (501) 273-1215
Chapel Ridge Limited Partnership
City of Springdale
Community Development Corporation (Benton County), (501) 273-7862
Jim Petty,  ERC Development Group, (501) 452-9950
First Ozark Housing Development Corporation, (501) 524-8117
Forrest D. Nye, (573) 756-8013
Harrison Housing Authority
Leisure Homes Corporation, (870) 424-7460
Lindsey Management, (501) 521-6686
Lifestyles, Inc.
Northwest Regional Housing Development Corporation, (870) 741-5522
Osage Terrace LP, (501) 273-7344
Ozark Properties III, LP, (501) 452-9950
Parkwood Limited Partnership
Phillips Companies, (501) 666-9629
Property Management Corp, (870) 425-6076
River Valley Apartments
Ross Phillips, (501) 221-2643
Seaside Development Corporation
Siloam Springs Housing Authority, (501) 524-8117
Simpson Housing Solutions
Supplemental Resources, Inc., (870) 741-5405
TG 101, Inc.
Thomas Terrell, (501) 271-0126
Tom Moore, (501) 783-3385
Universal Housing
Wallington Development
Wedington Place Senior Apartments, Limited Partnership

 

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

2

$3,280,000

$1,640,000

 

 

 

 

AEDC/Other Bond Guaranty

0

$0

$0

 

 

 

 

Higher Education Facilities

0

$0

$0

 

 

 

 

Wastewater Revolving Loan

1

$5,500,000

$5,500,000

 

 

 

 

Safe Drinking Water Revolving Loan

0

$0

$0

 

 

 

 

Business Life Program

0

$0

$0

 

 

 

 

ADFA-Originated Loans

4

$781,306

$195,327

 

 

 

 

Bond Guaranty Reserve Fund

1

$20,963

$20,963

 

 

 

 

Capital Access Program

0

$0

$0

 

 

 

 

Disadvantaged Business Enterprise

0

$0

$0

 

 

 

 

TOTAL

8

$9,582,269

$1,197,784

 

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