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REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2006:  July 1, 2005 – June 30, 2006

With Comparison to FY 2005 Report

 

See “Statewide” Section for list of FY 2006 Bond Issuances

 

 

CHICOT COUNTY Part of Congressional District 4

 

 

HOMEOWNERSHIP

 

HOME-TO-OWN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

MEDIAN LOAN AMT.

2006

1

$24,613.00

$24,613.00

$24,613.00

2005

1

$57,596.00

$57,596.00

$57,596.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

Moore Mortgage, Lowell, AR

2006

0

$0.00

2005

1

$57,596.00

Moore Mortgage, Little Rock, AR

2006

1

$24,613.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

1

$24,613.00

2005

1

$57,596.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Loans by Loan Type

 

Loan Type

FY

No. Loans

Dollar Amount

FHA

2006

1

$24,613.00

2005

1

$57,596.00

VA

2006

0

$0.00

2005

0

$0.00

Conventional

2006

0

$0.00

2005

0

$0.00

Rural Development

2006

0

$0.00

2005

0

$0.00

 


 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

Minorities

2006

1

$24,613.00

100.0%

2005

1

$57,596.00

100.0%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$0.00

$0.00

2005

$0.00

$0.00

Minorities

2006

$28,789.56

$28,789.56

2005

$34,248.00

$34,248.00

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

0

0.0%

2005

0

0.0%

Females

2006

1

100.0%

2005

1

100.0%

Unknown

2006

0

0.0%

2005

0

0.0%

 

FY 2006

Average Age of Head of Household:

 

54.0

FY 2005

 

57.0

 

FY 2006

Average Household Size:

 

2.0

FY 2005

 

1.0

 

 

 

 

FY 2006

Loan Cancellation Rate:

 

0.0%

FY 2005

 

0.0%

 

DOWN PAYMENT ASSISTANCE PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

1

$2,370.00

$2,370.00

100.0%

2005

1

$1,347.00

$1,347.00

100.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Community Resource Technicians, Little Rock, AR

2006

0

$0.00

2005

1

$1,347.00

Unknown

2006

1

$2,370.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

1

$2,370.00

2005

1

$1,347.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 


 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

Minorities

2006

1

$2,370.00

100.0%

2005

1

$1,347.00

100.0%

 

FY 2006

Loan Cancellation Rate:

 

0.0%

FY 2005

 

0.0%

 

ADDI LOAN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

0

$0.00

$0.00

0.0%

2005

0

$0.00

$0.00

0.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

N/A

2006

0

$0.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

0

$0.00

2005

0

$0.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

FY 2006

Loan Cancellation Rate:

 

100.0%

FY 2005

 

0.0%

 

TOTAL HOMEOWNERSHIP FY 2006:

$26,983.00

Total Homeownership FY 2005:

$58,943.00

Growth 05 to 06:

-54.2%

 

HOUSING PRODUCTION’s Program Statistics

 

HOME Allocations / Board Approvals

 

 

FY

No. Units

HOME Funds

Rental New Construction

2006

0

$0.00

2005

0

$0.00

Rental Rehab

2006

0

$0.00

2005

0

$0.00

Homeowner New Construction

2006

0

$0.00

2005

0

$0.00

Homeowner Rehab or Mortgage Subsidy

2006

5

$412,045.00

2005

13

$770,078.00

Tenant Based Rental Assistance

2006

0

$0.00

2005

0

$0.00

Acq / Rehab

2006

7

$276,667.00

2005

0

$0.00

TOTAL

2006

12

$688,712.00

2005

13

$770,078.00

Average Amount per Unit

2006

 

$57,392.67

2005

 

$59,236.77

 

Low-Income Housing Tax Credits / Board Approvals

 

 

 

 

FY

No. Units

 

Federal LIHTC

State LIHTC

 

Total Funds

Average

Per Unit

Total

2006

32

$130,681.00

$0.00

$130,681.00

$4,083.78

2005

0

$0.00

$0.00

$0.00

$0.00

 

Multifamily Housing Bonds

 

 

FY

No. Units

Dollar Amount

Average per Unit

Total

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

 

TOTAL HOUSING PRODUCTION FY 2006:

$819,393.00

Total Housing Production FY 2005:

$770,078.00

Growth 05 to 06:

+6.0%

 

DEVELOPMENT FINANCE’s Program Statistics

 

 

Program

 

FY

 

No. Projects

Project Amount

Average Project Amount

ADFA Bond Guaranty

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

ADED/Other Bond Guaranty

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Higher Education Facilities

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Wastewater Revolving Loan

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Safe Drinking Water Revolving Loan

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Bond Guaranty Reserve Fund

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Capital Access Program

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

State Facilities Financing

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Interim Loans with other Agencies

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Special Projects Fund

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

Taxable Industrial Revenue Bonds

2006

0

$0.00

$0.00

2005

0

$0.00

$0.00

 

TOTAL DEV. FINANCE  FY 2006:

$0.00

Total DEV. FINANCE FY 2005:

$0.00

Growth 05 to 06:

0.0%

 

TOTAL FUNDS FOR CHICOT COUNTY FY 2006

$846,376.00

 

TOTAL FUNDS FOR CHICOT COUNTY FY 2005

$829,021.00

 

GROWTH 05 TO 06

+2.1%