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
white County
in Congressional District 2
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
3 |
$287,590.00 |
$95,863.33 |
$82,653.00 |
|
01/2007 06/2007 |
4 |
$384,572.00 |
$96,143.00 |
$101,240.00 |
|
Total FY2007 |
7 |
$672,162.00 |
$96,023.14 |
$91,946.50 |
|
Loan Cancellation Rate Total FY2007: |
36.4% |
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 |
|
1st Security, Searcy, AR |
2 |
$228,061.00 |
1 |
$122,035.00 |
3 |
$350,096.00 |
|
Bank of the Ozarks, Little Rock, AR |
0 |
$0.00 |
1 |
$111,700.00 |
1 |
$111,700.00 |
|
Regions Mortgage, Inc., Searcy, AR |
1 |
$59,529.00 |
0 |
$0.00 |
1 |
$59,529.00 |
|
Simmons First National Bank, Searcy, AR |
0 |
$0.00 |
2 |
$150,837.00 |
2 |
$150,837.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
2 |
$142,182.00 |
|
01/2007 06/2007 |
3 |
$262,537.00 |
|
|
Total FY2007 |
5 |
$404,719.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$145,408.00 |
|
01/2007 06/2007 |
1 |
$122,035.00 |
|
|
Total FY2007 |
2 |
$267,443.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
1 |
$59,529.00 |
|
01/2007 06/2007 |
2 |
$182,092.00 |
|
|
Total FY2007 |
3 |
$241,621.00 |
|
|
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 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Rural Development |
07/2006 12/2006 |
2 |
$228,061.00 |
|
01/2007 06/2007 |
2 |
$202,480.00 |
|
|
Total FY2007 |
4 |
$430,541.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
3 |
$287,590.00 |
100.0% |
$37,808.36 |
$34,826.52 |
|
01/2007 06/2007 |
4 |
$384,572.00 |
100.0% |
$36,888.96 |
$40,186.92 |
|
|
Total FY2007 |
7 |
$672,162.00 |
100.0% |
$37,348.66 |
$37,506.72 |
|
|
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 |
1 |
33.3% |
|
01/2007 06/2007 |
4 |
100.0% |
|
|
Total FY2007 |
5 |
71.4% |
|
|
Female |
07/2006 12/2006 |
2 |
66.7% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
28.6% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
1 |
33.3% |
|
01/2007 06/2007 |
3 |
75.0% |
|
|
Total FY2007 |
4 |
57.1% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
1 |
14.3% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
33.3% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
14.3% |
|
|
51 to 60 |
07/2006 12/2006 |
1 |
33.3% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
14.3% |
|
|
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 |
41.3 |
|
|
01/2007 06/2007 |
26.5 |
||
|
Total FY2007 |
33.9 |
|
Average Household Size |
07/2006 12/2006 |
2.3 |
|
01/2007 06/2007 |
2.8 |
|
|
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 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2007 06/2007 |
2 |
$9,800.00 |
$4,850.00 |
50.0% |
|
Total FY2007 |
2 |
$9,800.00 |
$4,850.00 |
28.6% |
|
Loan Cancellation - Total FY2007: |
33.3% |
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 |
0 |
$0.00 |
1 |
$5,000.00 |
1 |
$5,000.00 |
|
In Affordable Housing, Inc. |
0 |
$0.00 |
1 |
$4,800.00 |
1 |
$4,800.00 |
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 |
2 |
$9,800.00 |
|
|
Total FY2007 |
2 |
$9,800.00 |
|
|
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 |
2 |
$9,800.00 |
100.0% |
$33,591.00 |
$33,591.00 |
|
|
Total FY2007 |
2 |
$9.800.00 |
100.0% |
$33,591.00 |
$33,591.00 |
|
|
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 |
2 |
100.0% |
|
|
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 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
50.0% |
|
|
Total FY2007 |
1 |
50.0% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
50.0% |
|
|
Total FY2007 |
1 |
50.0% |
|
|
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 |
29.5 |
||
|
Total FY2007 |
29.5 |
|
Average Household Size |
07/2006 12/2006 |
0.0 |
|
01/2007 06/2007 |
3.0 |
|
|
Total FY2007 |
3.0 |
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 |
$4,000.00 |
$4,000.00 |
33.3% |
|
01/2007 06/2007 |
1 |
$4,817.00 |
$4,817.00 |
25.0% |
|
Total FY2007 |
2 |
$8,817.00 |
$4,408.50 |
28.6% |
|
Loan Cancellation Rate - Total FY2007: |
33.3% |
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 |
|
Argenta Neighborworks Homeownership Center |
1 |
$4,000.00 |
0 |
$0.00 |
1 |
$4,000.00 |
|
In Affordable Housing, Inc. |
0 |
$0.00 |
1 |
$4,817.00 |
1 |
$4,817.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
1 |
$4,000,00 |
|
01/2007 06/2007 |
1 |
$4,817.00 |
|
|
Total FY2007 |
2 |
$8,817.00 |
|
|
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 |
$4,000.00 |
100.0% |
$27,766.20 |
$27,766.20 |
|
01/2007 06/2007 |
1 |
$4,817.00 |
100.0% |
$9,922.44 |
$9,922.44 |
|
|
Total FY2007 |
2 |
$8,817.00 |
100.0% |
$18,844.32 |
$18,844.32 |
|
|
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 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Female |
07/2006 12/2006 |
1 |
100.0% |
|
01/2007 06/2007 |
1 |
100.0% |
|
|
Total FY2007 |
2 |
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 |
50.0% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
100.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
50.0% |
|
|
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 |
41.0 |
|
|
01/2007 06/2007 |
40.0 |
||
|
Total FY2007 |
40.5 |
|
Average Household Size |
07/2006 12/2006 |
2.0 |
|
01/2007 06/2007 |
3.0 |
|
|
Total FY2007 |
2.5 |
|
TOTAL HOMEOWNERSHIP: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$291,590.00 |
$399,189.00 |
$690,779.00 |
|
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 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Rental New Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
10 |
$400,000.00 |
|
|
Total FY2007 |
10 |
$400,000.00 |
|
|
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 |
20.8 |
$66,666.67 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
20.8 |
$66,666.67 |
|
|
Total |
07/2006 12/2006 |
20.8 |
$66,666.67 |
|
01/2007 06/2007 |
10 |
$400,000.00 |
|
|
Total FY2007 |
30.8 |
$466,666.67 |
|
|
Average Amount Per Unit |
07/2006 12/2006 |
|
$3,205.13 |
|
01/2007 6/2007 |
$40,000.00 |
||
|
Total FY2007 |
$15,151.52 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
38 |
$400,000.00 |
$0.00 |
$400,000.00 |
$10,526.32 |
Multifamily Housing Bonds
No Multifamily Housing Bond Program Activity FY2007
|
TOTAL HOUSING PRODUCTION: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$66,666.67 |
$800,000.00 |
$866,666.67 |
|
DEVELOPMENT FINANCE
|
Program |
Time Period |
No. Projects |
Project Amount |
Average Project Amount |
|
Bond Guaranty |
07/2006 12/2006 |
1 |
$2,500,000.00 |
$2,500,000.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
1 |
$2,500,000.00 |
$2,500,000.00 |
|
|
Higher Education Facilities |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
1 |
$3,000,000.00 |
$3,000,000.00 |
|
|
Total FY2007 |
1 |
$3,000,000.00 |
$3,000,000.00 |
|
|
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 |
|
|
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 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$2,500,000.00 |
$3,000,000.00 |
$5,500,000.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
|
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
1 |
$1,500.00 |
$1,500.00 |
|
Total FY2007 |
1 |
$1,500.00 |
$1,500.00 |
TOTAL FUNDS FOR
white COUNTY
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
$2,858,256.67 |
$4,200,689.00 |
$7,058,945.67 |