REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2007: July 1, 2006 June 30, 2007
1st Half of FY2007 = July 1, 2006 December 31, 2006
2nd Half of FY2007 = January 1, 2007 June 30, 2007
madison County
in Congressional District 3
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
2 |
$165,450.00 |
$82,725.00 |
$82,725.00 |
|
01/2007 06/2007 |
2 |
$195,545.00 |
$97,772.50 |
$97,772.50 |
|
Total FY2007 |
4 |
$360,995.00 |
$90,248.75 |
$90,248.75 |
|
Loan Cancellation Rate Total FY2007: |
20.0% |
Loans by Originator / Branch
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Arvest Mortgage Company, Lowell, AR |
2 |
$165,450.00 |
0 |
$0.00 |
2 |
$165,450.00 |
|
Moore Mortgage, Little Rock, AR |
0 |
$0.00 |
1 |
$104,961.00 |
1 |
$104,961.00 |
|
Simmons First Mortgage of Little Rock, Rogers, AR |
0 |
$0.00 |
1 |
$90,584.00 |
1 |
$90,584.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
2 |
$165,450.00 |
|
01/2007 06/2007 |
2 |
$195,545.00 |
|
|
Total FY2007 |
4 |
$360,995.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
1 |
$64,450.00 |
|
01/2007 06/2007 |
2 |
$195,545.00 |
|
|
Total FY2007 |
3 |
$259,995.00 |
|
|
VA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Conventional |
07/2006 12/2006 |
1 |
$101,000.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$101,000.00 |
|
|
Rural Development |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
2 |
$165,450.00 |
100.0% |
$48,457.50 |
$48,457.50 |
|
01/2007 06/2007 |
2 |
$195,545.00 |
100.0% |
$34,508.80 |
$34,508.80 |
|
|
Total FY2007 |
4 |
$360,995.00 |
100.0% |
$41,483.15 |
$41,483.15 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
2 |
100.0% |
|
01/2007 06/2007 |
1 |
50.0% |
|
|
Total FY2007 |
3 |
75.5% |
|
|
Female |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
50.0% |
|
|
Total FY2007 |
1 |
25.5% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
50.0% |
|
|
Total FY2007 |
1 |
25.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
2 |
100.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
50.0% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
41 to 50 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
61 to 70 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
50.0% |
|
|
Total FY2007 |
1 |
25.0% |
|
|
71+ |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Average Age |
07/2006 12/2006 |
24.0 |
|
|
01/2007 06/2007 |
41.0 |
||
|
Total FY2007 |
32.5 |
|
Average Household Size |
07/2006 12/2006 |
3.0 |
|
01/2007 06/2007 |
1.0 |
|
|
Total FY2007 |
2.0 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
2 |
$7,550.00 |
$3,775.00 |
100.0% |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2007 |
2 |
$7,550.00 |
$3,775.00 |
50.0% |
|
Loan Cancellation - Total FY2007: |
0.0% |
Loans by Homebuyer Counselor
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
HOMEBUYER COUNSELOR |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
EOA of Washington County |
2 |
$7,550.00 |
0 |
$0.00 |
2 |
$7,550.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
2 |
$7,550.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
2 |
$7,550.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
2 |
$7,550.00 |
100.0% |
$48,457.50 |
$48,457.50 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
2 |
$7,550.00 |
100.0% |
$48,457.50 |
$48,457.50 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
2 |
100.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
100.0% |
|
|
Female |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
23 to 30 |
07/2006 12/2006 |
2 |
100.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
100.0% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
41 to 50 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
61 to 70 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
71+ |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Average Age |
07/2006 12/2006 |
24.0 |
|
|
01/2007 06/2007 |
0.0 |
||
|
Total FY2007 |
24.0 |
|
Average Household Size |
07/2006 12/2006 |
3.0 |
|
01/2007 06/2007 |
0.0 |
|
|
Total FY2007 |
3.0 |
American Dream Downpayment Initiative (ADDI) Program
No American Dream Downpayment Initiative Program Activity FY2007
|
TOTAL HOMEOWNERSHIP: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$173,000.00 |
$195,545.00 |
$368,545.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
N/A
HOME Allocations / Board Approvals by Type
No HOME Program Activity FY2007
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
No LIHTC Program Activity FY2007
Multifamily Housing Bonds
No Multifamily Housing Bond Program Activity FY2007
|
TOTAL HOUSING PRODUCTION: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE
|
Program |
Time Period |
No. Projects |
Project Amount |
Average Project Amount |
|
Bond Guaranty |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
|
Higher Education Facilities |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
|
Wastewater Revolving Loan Fund |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
|
Safe Drinking Water Revolving Loan Fund |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
|
State Facilities Financing |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
|
Other (Special Projects, Interim Loans, Conduit Issues, Capital Access) |
07/2006 12/2006 |
1 |
$1,300,000.00 |
$1,300,000.00 |
|
01/2007 06/2006 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
1 |
$1,300,000.00 |
$1,300,000.00 |
|
DEVELOPMENT FINANCE: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$1,300,000.00 |
$0.00 |
$1,300,000.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
No Rehab / Disability Loan Program Activity FY2007
TOTAL FUNDS FOR
madison COUNTY
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
$1,473,000.00 |
$195,545.00 |
$1,668,545.00 |