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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

 

 

LEE COUNTY Part of Congressional District 1

 

 

HOMEOWNERSHIP

 

HOME-TO-OWN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

MEDIAN LOAN AMT.

2006

3

$154,010.00

$51,336.67

$45,000.00

2005

2

$74,000.00

$37,000.00

$37,000.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

Pulaski Mortgage Company, Forrest City, AR

2006

3

$154,010.00

2005

2

$74,000.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

3

$154,010.00

2005

2

$74,000.00

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

2

$109,010.00

2005

0

$0.00

VA

2006

0

$0.00

2005

0

$0.00

Conventional

2006

0

$0.00

2005

0

$0.00

Rural Development

2006

1

$45,000.00

2005

2

$74,000.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

1

$68,918.00

33.3%

2005

1

$33,000.00

50.0%

Minorities

2006

2

$85,092.00

66.7%

2005

1

$41,000.00

50.0%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$53,352.00

$53,352.00

2005

$51,960.00

$51,960.00

Minorities

2006

$43,461.12

$43,461.12

2005

$21,576.00

$21,576.00

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

2

66.7%

2005

1

50.0%

Females

2006

1

33.3%

2005

1

50.0%

 

FY 2006

Average Age of Head of Household:

 

35.0

FY 2005

 

26.0

 

FY 2006

Average Household Size:

 

2.6

FY 2005

 

2.0

 

 

 

 

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

3

$8,500.00

$2,833.33

100.0%

2005

2

$4,990.00

$2,495.00

100.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Mississippi County EOC, Blytheville, AR

2006

2

$5,500.00

2005

2

$4.990.00

Unknown

2006

1

$3,000.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

3

$8,500.00

2005

2

$4,990.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Pct

Non-Minorities

2006

1

$3,000.00

33.3%

2005

1

$2,190.00

50.0%

Minorities

2006

2

$5,500.00

66.7%

2005

1

$2,800.00

50.0%

 

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

Pct

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:

 

0.0%

FY 2005

 

0.0%

 

TOTAL HOMEOWNERSHIP FY 2006:

$162,510.00

Total Homeownership FY 2005:

$78,990.00

Growth 05 to 06:

+51.4%

 

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

0

$0.00

2005

13

$771,707.70

Tenant Based Rental Assistance

2006

0

$0.00

2005

0

$0.00

Acq / Rehab

2006

0

$0.00

2005

0

$0.00

TOTAL

2006

0

$0.00

2005

13

$771,707.70

Average Amount per Unit

2006

 

$0.00

2005

 

$59,362.13

 

Low-Income Housing Tax Credits / Board Approvals

 

 

 

 

FY

No. Units

 

Federal LIHTC

State LIHTC

 

Total Funds

Average

Per Unit

Total

2006

0

$0.00

$0.00

$0.00

$0.00

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:

$0.00

Total Housing Production FY 2005:

$771,707.70

Growth 05 to 06:

-100.0%

 

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 LEE COUNTY FY 2006

$162,510.00

 

TOTAL FUNDS FOR LEE COUNTY FY 2005

$850,697.70

 

GROWTH 05 TO 06

-80.9%