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ANNUAL REPORT OF PROGRAM ACTIVITY

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

 

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CHICOT COUNTY

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HOMEOWNERSHIP

 

Home-To-Own

 

Participating Lenders in Area:

Norwest Mortgage, Inc., (501) 221-2131; www.norwest.com

 

Period

No. Loans

Dollar Amount

Average Loan Amt.

FY2002

1

$21,100.00

$21,100.00

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

0

$0.00

$0.00

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

0.0%

0.0%

$0.00

Average Income

$0.00

$0.00

$0.00

 

Down Payment Assistance Program (See Congressional District 4 Page for listing of Homebuyer Counselors in the area)

 

Period

No.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:              $21,100.00

TOTAL HOMEOWNERSHIP FY 2003:              $         0.00

 

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HOUSING PRODUCTION

(See Congressional District 4 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

0

$0.00

$0.00

$0.00

$0.00

Homeowner New Construction

0

$0.00

$0.00

$0.00

$0.00

Homeowner Rehab

13

$0.00

$0.00

$554,344.00

$554,344.00

Tenant Based Rental Assistance

 

0

 

$0.00

 

$0.00

 

$0.00

 

$0.00

Total

13

$0.00

$0.00

$554,344.00

$554,344.00

Average Amount per Unit

 

$42,641.84

 

 

HOME Investment Loans

Multifamily Refunding

No. Loans

0

0

Total Dollar Amount:

$0.00

$0.00

Average Dollar Amt.

$0.00

$0.00

 

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

57

$0.00

$246,501.00

$0.00

$246,501.00

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

57

$0.00

$246,501.00

$0.00

$246,501.00

Average Amount per Unit

 

$4,324,58

 

 

HOME Investment Loans

Multifamily Refunding

No. Loans

7

0

Total Dollar Amount:

$390,738.00

$0.00

Average Dollar Amt.

$55,819.71

$0.00

 

TOTAL HOUSING PRODUCTION FY 2002:                    $554,344.00

TOTAL HOUSING PRODUCTION FY 2003:                    $637,239.00

 

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DEVELOPMENT FINANCE

 

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

1

$3,000,000.00

$3,000,000.00

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

1

$1,000,000.00

$1,000,000.00

100 R*

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

0

$0.00

$0.00

0

0.0%

 

          R* = Jobs Retained

 

TOTAL DEVELOPMENT FINANCE FY 2002:              $3,000,000.00

TOTAL DEVELOPMENT FINANCE FY 2003:              $1,000,000.00

 

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TOTAL FUNDS FOR CHICOT COUNTY IN FY 2002

$3,575,444.00

        Distribution of these total funds:

                 0.6%         Homeownership

                15.5%         Housing Production

                83.9%         Development Finance

 

TOTAL FUNDS FOR CHICOT COUNTY IN FY 2003

$1,637,239.00

        Distribution of these total funds:

                 0.0%         Homeownership

                38.9%         Housing Production

                61.1%         Development Finance

 

 

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