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
ST. FRANCIS County
in Congressional District 1
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
10 |
$732,179.00 |
$73,217.90 |
$77,560.50 |
|
01/2007 06/2007 |
17 |
$1,392,701.00 |
$81,923.59 |
$90,500.00 |
|
Total FY2007 |
27 |
$2,124,880.00 |
$78,699.26 |
$84,030.25 |
|
Loan Cancellation Rate Total FY2007: |
20.6% |
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 |
|
Pulaski Mortgage Company, Forrest City, AR |
7 |
$492,356.00 |
13 |
$1,134,125.00 |
20 |
$1,626,481.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
3 |
$239,823.00 |
4 |
$258,576.00 |
7 |
$498,399.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
9 |
$648,493.00 |
|
01/2007 06/2007 |
17 |
$1,392,701.00 |
|
|
Total FY2007 |
26 |
$2,040.194.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$83,686.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$83,686.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
5 |
$360,429.00 |
|
01/2007 06/2007 |
1 |
$84,333.00 |
|
|
Total FY2007 |
6 |
$444,762.00 |
|
|
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 |
0 |
$0.00 |
|
01/2007 06/2007 |
1 |
$70,000.00 |
|
|
Total FY2007 |
1 |
$70,000.00 |
|
|
Rural Development |
07/2006 12/2006 |
5 |
$371,750.00 |
|
01/2007 06/2007 |
15 |
$1,238,368.00 |
|
|
Total FY2007 |
20 |
$1,610,118.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
4 |
$306,588.00 |
40.0% |
$50,231.28 |
$44,146.56 |
|
01/2007 06/2007 |
6 |
$475,355.00 |
35.3% |
$47,916.66 |
$50,835.84 |
|
|
Total FY2007 |
10 |
$781,943.00 |
37.0% |
$49,073.97 |
$47,491.20 |
|
|
Minority |
07/2006 12/2006 |
6 |
$425,591.00 |
60.0% |
$43,067.48 |
$38,589.72 |
|
01/2007 06/2007 |
11 |
$917,346.00 |
64.7% |
$44,376.25 |
$50,132.28 |
|
|
Total FY2007 |
17 |
$1,342,937.00 |
63.0% |
$43,721.87 |
$44,361.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
4 |
40.0% |
|
01/2007 06/2007 |
8 |
47.1% |
|
|
Total FY2007 |
12 |
44.4% |
|
|
Female |
07/2006 12/2006 |
6 |
60.0% |
|
01/2007 06/2007 |
9 |
52.9% |
|
|
Total FY2007 |
15 |
55.6% |
|
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 |
5.9% |
|
|
Total FY2007 |
1 |
3.7% |
|
|
23 to 30 |
07/2006 - 12/2006 |
5 |
50.0% |
|
01/2007 06/2007 |
6 |
35.3% |
|
|
Total FY2007 |
11 |
40.7% |
|
|
31 to 40 |
07/2006 12/2006 |
4 |
40.0% |
|
01/2007 06/2007 |
8 |
47.1% |
|
|
Total FY2007 |
12 |
44.4% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
10.0% |
|
01/2007 06/2007 |
2 |
11.8% |
|
|
Total FY2007 |
3 |
11.1% |
|
|
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 FY2007 |
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 |
32.3 |
|
|
01/2007 06/2007 |
32.4 |
||
|
Total FY2007 |
32.4 |
|
Average Household Size |
07/2006 12/2006 |
2.0 |
|
01/2007 06/2007 |
3.1 |
|
|
Total FY2007 |
2.6 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
6 |
$22,465.00 |
$3,744.17 |
60.0% |
|
01/2007 06/2007 |
4 |
$10,709.00 |
$2,677.25 |
23.5% |
|
Total FY2007 |
10 |
$33,174.00 |
$3,317.40 |
37.0% |
|
Loan Cancellation - Total FY2007: |
41.2% |
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 |
|
Mississippi County EOC |
6 |
$22,465.00 |
4 |
$10,709.00 |
10 |
$33,174.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
5 |
$16,715.00 |
|
01/2007 06/2007 |
4 |
$10,709.00 |
|
|
Total FY2007 |
9 |
$27,424.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$5,750.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$5,750.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
2 |
$5,170.00 |
33.3% |
$57,707.58 |
$57,707.58 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
2 |
$5,170.00 |
20.0% |
$57,707.58 |
$57,707.58 |
|
|
Minority |
07/2006 12/2006 |
4 |
$17,295.00 |
66.7% |
$32,709.27 |
$32,908.02 |
|
01/2007 06/2007 |
4 |
$10,709.00 |
100.0% |
$40,170.87 |
$42,547.50 |
|
|
Total FY2007 |
8 |
$28,004.00 |
80.0% |
$36,440.07 |
$37,727.76 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
2 |
33.3% |
|
01/2007 06/2007 |
2 |
50.0% |
|
|
Total FY2007 |
4 |
40.0% |
|
|
Female |
07/2006 12/2006 |
4 |
66.7% |
|
01/2007 06/2007 |
2 |
50.0% |
|
|
Total FY2007 |
6 |
60.0% |
|
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 |
33.3% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
20.0% |
|
|
31 to 40 |
07/2006 12/2006 |
1 |
16.7% |
|
01/2007 06/2007 |
3 |
75.0% |
|
|
Total FY2007 |
4 |
40.0% |
|
|
41 to 50 |
07/2006 12/2006 |
3 |
50.0% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
4 |
40.0% |
|
|
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 |
34.0 |
|
|
01/2007 06/2007 |
38.5 |
||
|
Total FY2007 |
36.3 |
|
Average Household Size |
07/2006 12/2006 |
3.3 |
|
01/2007 06/2007 |
3.8 |
|
|
Total FY2007 |
3.6 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2007 06/2007 |
1 |
$4,870.00 |
$4,870.00 |
5.9% |
|
Total FY2007 |
1 |
$4,870.00 |
$4,870.00 |
5.9% |
|
Loan Cancellation Rate - Total FY2007: |
66.7% |
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 |
|
Mississippi County EOC |
0 |
$0.00 |
1 |
$4,870.00 |
1 |
$4,870.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
1 |
$4,870.00 |
|
|
Total FY2007 |
1 |
$4,870.00 |
|
|
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 |
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 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
1 |
$4,870.00 |
100.0% |
$40,347.84 |
$40,347.84 |
|
|
Total FY2007 |
1 |
$4,870.00 |
100.0% |
$40,347.84 |
$40,347.84 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Female |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Unknown |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
100.0% |
|
|
Total FY2007 |
1 |
100.0% |
|
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 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
100.0% |
|
|
Total FY2007 |
1 |
100.0% |
|
|
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 |
0.0 |
|
|
01/2007 06/2007 |
37.0 |
||
|
Total FY2007 |
37.0 |
|
Average Household Size |
07/2006 12/2006 |
0.0 |
|
01/2007 06/2007 |
5.0 |
|
|
Total FY2007 |
5.0 |
|
TOTAL HOMEOWNERSHIP: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$754,644.00 |
$1,408,280.00 |
$2,162,924.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Acquisition Rehab |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2006 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Homeowner Acquisition |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Homeowner New Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Homeowner Rehab or Mortgage Subsidy |
07/2006 12/2006 |
5 |
$188,463.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
5 |
$188,463.00 |
|
|
Rental New Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Rental Rehab |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Tenant Based Rental Assistance |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Total |
07/2006 12/2006 |
5 |
$188,463.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
5 |
$188,463.00 |
|
|
Average Amount Per Unit |
07/2006 12/2006 |
|
$37,692.60 |
|
01/2007 6/2007 |
$0.00 |
||
|
Total FY2007 |
$37,692.60 |
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 |
|
|
$188,463.00 |
$0.00 |
$188,463.00 |
|
DEVELOPMENT FINANCE
No Development Finance Programs Activities FY2007
|
DEVELOPMENT FINANCE: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
No Rehab / Disability Loan Program Activity FY2007
TOTAL FUNDS FOR
ST. FRANCIS COUNTY
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
$943,107.00 |
$1,408,280.00 |
$2,351,387.00 |