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
pope 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 |
31 |
$2,643,298.00 |
$85,267.68 |
$80,580.00 |
|
01/2007 06/2007 |
45 |
$3,761,078.00 |
$82,579.51 |
$79,600.00 |
|
Total FY2007 |
76 |
$6,404,376.00 |
$84,268.11 |
$80,090.00 |
|
Loan Cancellation Rate Total FY2007: |
12.6% |
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 |
$193,596.00 |
14 |
$1,277,609.00 |
16 |
$1,471,205.00 |
|
Bank of Dardanelle, Russellville, AR |
3 |
$235,365.00 |
0 |
$0.00 |
3 |
$235,365.00 |
|
Bank of the Ozarks, Little Rock, AR |
2 |
$200,106.00 |
0 |
$0.00 |
2 |
$200,106.00 |
|
First Arkansas Valley Bank, Russellville, AR |
17 |
$1,406,720.00 |
8 |
$659,708.00 |
25 |
$2,066,428.00 |
|
Liberty Bank of Arkansas, Russellville, AR |
0 |
$0.00 |
12 |
$976,156.00 |
12 |
$976,156.00 |
|
Pulaski Mortgage Company, Russellville, AR |
1 |
$68,411.00 |
2 |
$175,205.00 |
3 |
$243,616.00 |
|
River Town Bank, Russellville, AR |
0 |
$0.00 |
3 |
$170,800.00 |
3 |
$170,800.00 |
|
Simmons First Bank, Russellville, AR |
6 |
$539,100.00 |
6 |
$501,600.00 |
12 |
$1,040,700.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
30 |
$2,549,305.00 |
|
01/2007 06/2007 |
44 |
$3,648,713.00 |
|
|
Total FY2007 |
74 |
$6,198,018.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$93,993.00 |
|
01/2007 06/2007 |
1 |
$112,365.00 |
|
|
Total FY2007 |
2 |
$206,358.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
6 |
$559,169.00 |
|
01/2007 06/2007 |
5 |
$501,996.00 |
|
|
Total FY2007 |
11 |
$1,061,165.00 |
|
|
VA |
07/2006 12/2006 |
2 |
$239,031.00 |
|
01/2007 - 06/2007 |
1 |
$112,365.00 |
|
|
Total FY2007 |
3 |
$351,396.00 |
|
|
Conventional |
07/2006 12/2006 |
2 |
$149,993.00 |
|
01/2007 06/2007 |
2 |
$125,894.00 |
|
|
Total FY2007 |
4 |
$275,887.00 |
|
|
Rural Development |
07/2006 12/2006 |
21 |
$1,695,105.00 |
|
01/2007 06/2007 |
37 |
$3,020,823.00 |
|
|
Total FY2007 |
58 |
$4,715,928.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
24 |
$1,968,044.00 |
77.4% |
$33,634.22 |
$34,162.68 |
|
01/2007 06/2007 |
41 |
$3,410,443.00 |
91.1% |
$34,703.34 |
$33,089.28 |
|
|
Total FY2007 |
65 |
$5,378,487.00 |
85.5% |
$34,168.78 |
$33,625.98 |
|
|
Minority |
07/2006 12/2006 |
7 |
$675,254.00 |
22.6% |
$29,926.37 |
$30,947.28 |
|
01/2007 06/2007 |
4 |
$350,635.00 |
8.9% |
$41,360.40 |
$42,408.00 |
|
|
Total FY2007 |
11 |
$1,025,889.00 |
14.5% |
$35,643.39 |
$36,677.64 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
20 |
64.5% |
|
01/2007 06/2007 |
35 |
77.8% |
|
|
Total FY2007 |
55 |
72.4% |
|
|
Female |
07/2006 12/2006 |
10 |
32.3% |
|
01/2007 06/2007 |
9 |
20.0% |
|
|
Total FY2007 |
19 |
25.0% |
|
|
Unknown |
07/2006 12/2006 |
1 |
3.2% |
|
01/2007 6/2007 |
1 |
2.2% |
|
|
Total FY2007 |
2 |
2.6% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
9 |
29.0% |
|
01/2007 06/2007 |
10 |
22.2% |
|
|
Total FY2007 |
19 |
25.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
14 |
45.2% |
|
01/2007 06/2007 |
21 |
46.7% |
|
|
Total FY2007 |
35 |
46.1% |
|
|
31 to 40 |
07/2006 12/2006 |
6 |
19.4% |
|
01/2007 06/2007 |
10 |
20.0% |
|
|
Total FY2007 |
16 |
21.1% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
3.2% |
|
01/2007 06/2007 |
2 |
4.4% |
|
|
Total FY2007 |
3 |
3.9% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
2 |
4.4% |
|
|
Total FY2007 |
2 |
2.6% |
|
|
61 to 70 |
07/2006 12/2006 |
1 |
3.2 |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
1.3% |
|
|
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 |
27.4 |
|
|
01/2007 06/2007 |
28.8 |
||
|
Total FY2007 |
28.1 |
|
Average Household Size |
07/2006 12/2006 |
2.5 |
|
01/2007 06/2007 |
2.2 |
|
|
Total FY2007 |
2.4 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
9 |
$31,854.00 |
$3,539.00 |
29.0% |
|
01/2007 06/2007 |
7 |
$35,563.00 |
$5,080.43 |
15.6% |
|
Total FY2007 |
16 |
$67,417.00 |
$4,213.56 |
21.1% |
|
Loan Cancellation - Total FY2007: |
23.8% |
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 |
|
Community Resources Tech |
1 |
$1,824.00 |
0 |
$0.00 |
1 |
$1,824.00 |
|
Universal Housing Development |
7 |
$24,030.00 |
4 |
$21,675.00 |
11 |
$45,705.00 |
|
ARVAC, Inc. |
1 |
$6,000.00 |
2 |
$9,068.00 |
3 |
$15,068.00 |
|
Unknown |
0 |
$0.00 |
1 |
$4,820.00 |
1 |
$4,820.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
9 |
$31,854.00 |
|
01/2007 06/2007 |
7 |
$35,563.00 |
|
|
Total FY2007 |
16 |
$67,417.00 |
|
|
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 |
8 |
$28,854.00 |
88.9% |
$36,289.80 |
$34,626.18 |
|
01/2007 06/2007 |
6 |
$29,563.00 |
85.7% |
$27,873.22 |
$23,539.62 |
|
|
Total FY2007 |
14 |
$58,417.00 |
87.5% |
$32,081.51 |
$29,082.90 |
|
|
Minority |
07/2006 12/2006 |
1 |
$3,000.00 |
11.1% |
$30,947.28 |
$30,947.28 |
|
01/2007 06/2007 |
1 |
$6,000.00 |
14.3% |
$49,800.00 |
$49,800.00 |
|
|
Total FY2007 |
2 |
$9,000.00 |
12.5% |
$40,373.64 |
$40,373.64 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
8 |
88.9% |
|
01/2007 06/2007 |
5 |
71.4% |
|
|
Total FY2007 |
13 |
81.3% |
|
|
Female |
07/2006 12/2006 |
1 |
11.1% |
|
01/2007 06/2007 |
2 |
28.6% |
|
|
Total FY2007 |
3 |
18.7% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
3 |
33.3% |
|
01/2007 06/2007 |
1 |
14.3% |
|
|
Total FY2007 |
4 |
25.0% |
|
|
23 to 30 |
07/2006 12/2006 |
4 |
44.4% |
|
01/2007 06/2007 |
3 |
42.9% |
|
|
Total FY2007 |
7 |
43.8% |
|
|
31 to 40 |
07/2006 12/2006 |
2 |
22.2% |
|
01/2007 06/2007 |
2 |
28.6% |
|
|
Total FY2007 |
4 |
25.0% |
|
|
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 |
1 |
14.3% |
|
|
Total FY2007 |
1 |
6.3% |
|
|
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 |
25.2 |
|
|
01/2007 06/2007 |
31.6 |
||
|
Total FY2007 |
28.4 |
|
Average Household Size |
07/2006 12/2006 |
2.2 |
|
01/2007 06/2007 |
2.3 |
|
|
Total FY2007 |
2.3 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
1 |
$9,752.00 |
$9,752.00 |
3.2% |
|
01/2007 06/2007 |
3 |
$17,546.00 |
$5,848.67 |
6.7% |
|
Total FY2007 |
4 |
$27,298.00 |
$6,824.50 |
5.3% |
|
Loan Cancellation Rate - 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 |
|
ARVAC, Inc. |
1 |
$9,752.00 |
0 |
$0.00 |
1 |
$9,752.00 |
|
Universal Housing Development |
0 |
$0.00 |
3 |
$17,546.00 |
3 |
$17,546.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
1 |
$9,752.00 |
|
01/2007 06/2007 |
3 |
$17,546.00 |
|
|
Total FY2007 |
4 |
$27,298.00 |
|
|
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 |
1 |
$9,752.00 |
100.0% |
$19,914.00 |
$19,914.00 |
|
01/2007 06/2007 |
3 |
$17,546.00 |
100.0% |
$25,515.00 |
$23,117.64 |
|
|
Total FY2007 |
4 |
$27,298.00 |
100.0% |
$22,714.50 |
$21,515.82 |
|
|
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 |
0 |
0.0% |
|
01/2007 06/2007 |
3 |
100.0% |
|
|
Total FY2007 |
3 |
75.0% |
|
|
Female |
07/2006 12/2006 |
1 |
100.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
25.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
3 |
100.0% |
|
|
Total FY2007 |
1 |
75.0% |
|
|
23 to 30 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
31 to 40 |
07/2006 12/2006 |
1 |
100.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
25.0% |
|
|
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 |
38.0 |
|
|
01/2007 06/2007 |
21.3 |
||
|
Total FY2007 |
29.7 |
|
Average Household Size |
07/2006 12/2006 |
2.0 |
|
01/2007 06/2007 |
2.3 |
|
|
Total FY2007 |
2.2 |
|
TOTAL HOMEOWNERSHIP: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$2,684,904.00 |
$3,814,187.00 |
$6,499,091.00 |
|
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 |
1 |
$6,573,892.00 |
$6,573,892.00 |
|
|
Total FY2007 |
1 |
$6,573,892.00 |
$6,573,892.00 |
|
|
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 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2006 |
1 |
$10,000,000.00 |
$10,000,000.00 |
|
|
Total FY2007 |
1 |
$10,000,000.00 |
$10,000,000.00 |
|
DEVELOPMENT FINANCE: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$0.00 |
$16,573,892.00 |
$16,573,892.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
|
07/2006 12/2006 |
1 |
$4,566.00 |
$4,566.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
Total FY2007 |
1 |
$4,566.00 |
$5,566.00 |
TOTAL FUNDS FOR
pope COUNTY
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
$2,689,470.00 |
$20,388,079.00 |
$23,077,549.00 |