Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
See “Statewide” Section for list of FY 2003 Bond Issuance
Participating Lenders in Area:
Bank of America, (870) 739-7551; www.bankofamerica.com
Bank of Yellville, (870) 424-3355; www.bankofyellville.com
First National Bank & Trust, Mountain Home, (870) 425-2101;
www.firstmountainhome.com
Firstar Home Mortgage, Mountain Home, (870) 424-0803; www.firstar.com
Peoples Bank & Trust Company, Mountain Home, (870) 424-8069;
(870) 425-2166; www.peoplesbank.org/
Union Planters Bank, (870) 269-2400; www.unionplanters.com
U S Bank Home Mortgage, Mountain Home; (870) 424-5626
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
42 |
$2,632,207.00 |
$62,671.60 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
30 |
$1,858,643.00 |
$61,954.77 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
|
Ethnicity |
96.7% |
3.3% |
100.0% |
|
Average Income |
$30,376.14 |
$34,798.20 |
$30,523.44 |
|
Period |
No. of Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
0 |
$0.00 |
$0.00 |
|
% of H2O Loans |
0.0% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
0 |
$0.00 |
$0.00 |
|
% of H2O Loans |
0.0% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
0.0% |
0.0% |
0.0% |
|
Average Income |
$0.00 |
$0.00 |
$0.00 |
TOTAL HOMEOWNERSHIP FY 2002: $2,632,207.00
TOTAL HOMEOWNERSHIP FY 2003: $1,858,643.00
(See Congressional District 1 Page for listing of Affordable Housing Partners)
FY 2002 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
102 |
$0.00 |
$455,051.00 |
$0.00 |
$455,051.00 |
|
Rental Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.0 |
$0.00 |
$0.00 |
|
Total |
102 |
$0.00 |
$455,051.00 |
$0.00 |
$455,051.00 |
|
Average Amount per Unit |
|
$4,461.28 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
1 |
0 |
|
Total Dollar Amount: |
$300,000.00 |
$0.00 |
|
Average Dollar Amt. |
$300,000.00 |
$0.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
32 |
$0.00 |
$332,532.00 |
$0.00 |
$332,532.00 |
|
Rental Rehab |
46 |
$0.00 |
$164,603.00 |
$0.00 |
$164.603.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Total |
78 |
$0.00 |
$497,135.00 |
$0.00 |
$497,135.00 |
|
Average Amount per Unit |
|
$6,375.53 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
2 |
0 |
|
Total Dollar Amount: |
$500,000.00 |
$0.00 |
|
Average Dollar Amt. |
$250,000.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $755,051.00
TOTAL HOUSING PRODUCTION FY 2003: $997,135.00
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
|
Wastewater Revolving Loan |
1 |
$1,755,000.00 |
$1,755,000.00 |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
|
ADFA-Originated Loans |
0 |
$0.00 |
$0.00 |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
|
Capital Access Program |
0 |
$0.00 |
$0.00 |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
|
Governmental |
0 |
$0.00 |
$0.00 |
|
Conduits |
0 |
$0.00 |
$0.00 |
FY 2003 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
No. Jobs Projected |
Pct Minority Loans |
ADFA Bond Guaranty |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Wastewater Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
ADFA-Originated Loans |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Capital Access Program |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Governmental |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $1,755,000.00
TOTAL DEVELOPMENT FINANCE FY 2003: $ 0.00
$5,142,258.00
Distribution of these total funds:
51.2% Homeownership
14.7% Housing Production
34.1% Development Finance
$2,855,778.00
Distribution of these total funds:
65.1% Homeownership
34.9% Housing Production
0.0% Development Finance