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:
Arvest Bank of Harrison, (870) 741-2440; www.arvest.com
Arvest Mortgage Company, (501) 750-6166; www.arvest.com/mortgage/
Bank of the Ozarks, Harrison, (501) 391-8411; www.bankozarks.com
Regions Mortgage, Inc., Harrison; (870) 391-8250
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
34 |
$2,073,437.00 |
$60,983.44 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
27 |
$1,872,500.00 |
$69,351.85 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
100.0% |
0.0% |
100.0% |
|
Average Income |
$34,316.22 |
$0.00 |
$34,316.22 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
1 |
$1,560.00 |
$1,560.00 |
|
% of H2O Loans |
2.9% |
|
|
|
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: $2,074,997.00
TOTAL HOMEOWNERSHIP FY 2003: $1,872,500.00
(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 |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Rental Rehab |
70 |
$0.00 |
$112,236.00 |
$200,000.00 |
$312,236.00 |
|
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 |
70 |
$0.00 |
$112,236.00 |
$200,000.00 |
$312,236.00 |
|
Average Amount per Unit |
|
$4,460.51 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
0 |
1 |
|
Total Dollar Amount: |
$0.00 |
$1,387,000.00 |
|
Average Dollar Amt. |
$0.00 |
$1,387,000.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
30 |
$0.00 |
$162,875.00 |
$300,000.00 |
$462,875.00 |
|
Rental Rehab |
43 |
$0.00 |
$100,994.00 |
$0.00 |
$100,994,00 |
|
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 |
73 |
$0.00 |
$263,869.00 |
$300,000.00 |
$563,869.00 |
|
Average Amount per Unit |
|
$7,724.23 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
1 |
0 |
|
Total Dollar Amount: |
$200,000.00 |
$0.00 |
|
Average Dollar Amt. |
$200,000.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $1,699,236.00
TOTAL HOUSING PRODUCTION FY 2003: $ 763,869.00
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
$3,774,233.00
Distribution of these total funds:
55.0% Homeownership
45.0% Housing Production
0.0% Development Finance
$4,511,369.00
Distribution of these total funds:
41.5% Homeownership
16.9% Housing Production
41.6% Development Finance
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