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:
1st Financial Bank, El Dorado, (870) 863-7000; www.ffb1.com
Arkansas National Bank, Bella Vista, (479) 855-5700; www.arknatl.com
Arkansas National Bank, Bentonville, (479) 271-2800; www.arknatl.com
Arkansas National Bank, Rogers, (479) 619-2300; www.arknatl.com
Arvest Bank, Rogers, (479) 621-4857; www.arvest.com
Bank of America, Bentonville; (479) 273-9163; www.bankofamerica.com
Bank of Arkansas Mortgage, Bentonville, (479) 271-6800; www.bankofarkansas.com
Bank of Arvest, Pea Ridge; (479) 451-3015
Bank of Bella Vista, Bella Vista; (479) 271-1375
Bank of Bentonville-Finance Center, (479) 271-3071; (479) 271-1340
www.arvest.com/bob/
Chase Manhattan Mortgage Company, Bentonville; (479) 464.4975
Countrywide Home Loans, (501) 587-3033; www.countrywide.com
First Arvest Bank, Siloam Springs, (479) 549-1219; www.arvest.com/fns/
First Security Bank, Rogers; (479) 246-7000
First Western Mortgage, Inc., Bentonville; (479) 273-0256
First Western Mortgage, Inc., Rogers, (479) 936-2040; www.firstwesternbank.net
Moore Mortgage, Inc., Lowell; (479) 770-4700; www.mooremortgage.com
Norwest Mortgage, Inc., (501) 221-2132; www.norwest.com
Pulaski Mortgage Company, Bentonville; (479) 464-5058; www.pulaskimortgage.com
Regions Mortgage, Inc., Bentonville; (479) 273-3301
Simmons First Bank, Russellville, (501) 858-6296; (501) 967-8000
www.simmonsfirst.com/banknearyou
Simmons First Mortgage Company, Little Rock, (501) 223-4219;
www.simmonsfirst.com/banknearyou
Simmons First Mortgage Company, Rogers, (479) 621-0900;
www.simmonsfirst.com/banknearyou
Simmons First Mortgage Company, Siloam Springs, (479) 549-4100;
www.simmonsfirst.com/banknearyou
Superior Federal Bank, (501) 452-8900; (501) 751-6772;
www.superiorfederalbank.com
United Bank, Springdale, (501) 756-8811
Wells Fargo Home Mortgage, Inc., Rogers, (479) 636-2245;
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
253 |
$17,964,948.00 |
$71,007.70 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
103 |
$7,682,879.00 |
$74,591.06 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
83.5% |
16.5% |
100.0% |
|
Average Income |
$33,490.47 |
$35,534.42 |
$33,827.82 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
112 |
$275,089.00 |
$2,456.15 |
|
% of H2O Loans |
44.3% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
74 |
$198,633.00 |
$2,684.23 |
|
% of H2O Loans |
71.8% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
79.7% |
20.3% |
100.0% |
|
Average Income |
$31,122.96 |
$34,412.81 |
$33,384.38 |
TOTAL HOMEOWNERSHIP FY 2002: $18,240,037.00
TOTAL HOMEOWNERSHIP FY 2003: $ 7,881,512.00
(See Congressional District 3 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 |
28 |
$0.00 |
$63,180.00 |
$300,000.00 |
$363,180.00 |
|
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 |
80 |
$0.00 |
$0.00 |
$235,200.00 |
$235,200.00 |
Total |
108 |
$0.00 |
$63,180.00 |
$535,200.00 |
$598,380.00 |
|
Average Amount per Unit |
|
$5,540.56 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
No. Loans |
1 |
1 |
|
Total Dollar Amount: |
$300,000.00 |
$1,393,400.00 |
|
Average Dollar Amt. |
$300,000.00 |
$1,393,400.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
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 |
$0.00 |
$0.00 |
$0.00 |
Total |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Average Amount per Unit |
|
$0.00 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
No. Loans |
0 |
0 |
|
Total Dollar Amount: |
$0.00 |
$0.00 |
|
Average Dollar Amt. |
$0.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $2,291,780.00
TOTAL HOUSING PRODUCTION FY 2003: $ 0.00
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 |
0 |
$0.00 |
$0.00 |
|
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% |
|
Conduits |
1/8th |
$1,875,000.00 |
$1,875,000.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $ 0.00
TOTAL DEVELOPMENT FINANCE FY 2003: $1,875,000.00
$20,531,817.00
Distribution of these total funds:
88.8% Homeownership
11.2% Housing Production
0.0% Development Finance
$9,756,512.00
Distribution of these total funds:
80.8% Homeownership
0.0% Housing Production
19.2% Development Finance