Agencies | Online Services | Policies | Transparency.Arkansas.gov

Congressional District 4

  1. Ashley
  2. Bradley
  3. Calhoun
  4. Chicot
  5. Clark
  6. Cleveland
  7. Columbia
  8. Dallas
  9. Desha
  10. Drew
  11. Garland
  12. Grant
  13. Hempstead
  14. Hot Spring
  15. Howard
  16. Jefferson
  17. Lafayette
  18. Lincoln
  19. Little River
  20. Miller
  21. Montgomery
  22. Nevada
  23. Ouachita
  24. Pike
  25. Sevier
  26. Union

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2002:  7/1/01 6/30/02

&

Fiscal Year 2003:  7/1/02 6/30/03

chrome_flare_wte.gif (4118 bytes)

CONGRESSIONAL DISTRICT 4

 

Counties:      Ashley, Bradley, Calhoun, Chicot, Clark, Cleveland, Columbia, Dallas, Desha,  Drew, Garland, Grant, Hempstead, Hot Spring, Howard, Jefferson, Lafayette, Lincoln, Little River, Logan, Miller, Montgomery, Nevada, Ouachita, Pike, Polk, Scott, Sevier and Union

 chrome_flare_wte.gif (4118 bytes)

HOMEOWNERSHIP

Home-To-Own

 

Period

No. Loans

Dollar Amount

Average Loan Amt.

FY2002

184

$9,575,144.00

$52,038.83

 

 

 

 

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

159

$9,177,381.00

$57,719.38

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

44.7%

55.3%

100.0%

Average Income

$32,235.93

$32,277.69

$32,252.94

 

Down Payment Assistance Program

 

Period

No. Loans

Dollar Amount

Average Loan Amt.

FY2002

70

$194,586.00

$2,779.80

% of H2O Loans

38.0%

 

 

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

76

$202,777.00

$2,668.12

% of H2O Loans

47.7%

 

 

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

34.4%

65.6%

100.0%

Average Income

$31,723.98

$31,534.26

$31,660.74

 

TOTAL HOMEOWNERSHIP FY 2002:              $9,769,730.00

TOTAL HOMEOWNERSHIP FY 2003:              $9,380,158.00

 

Participating Homebuyer Counselors  in Area:

Central Arkansas Development Council, Malvern, (501) 315-1121

Community Service Office, Inc., Hot Springs, (501) 624-5724

Dream Makers Housing Counseling Agency, Inc., Pine Bluff; (870) 536-0592

South Arkansas Community Development, Arkadelphia; (870) 230-1717

Southwest Arkansas Development Council, Inc., Texarkana,

          (870) 773-5504

Summit Residential Services, Arkadelphia, (870) 230-1717

 

chrome_flare_wte.gif (4118 bytes)
 

HOUSING PRODUCTION

 

FY 2002 Activity

 

 

 

No. Units

 

 

Tax-Exempt Bonds

Low Income Hsng Tax Credits

 

 

HOME Funds

 

 

Total

Rental New Construction

226

$0.00

$676,938.00

$400,000.00

$1,076,938.00

Rental Rehab

121

$0.00

$679,234.00

$437,621.00

$1,116,855.00

Homeowner New Construction

 

 

0

 

 

$0.00

 

 

$0.00

 

 

$0.00

 

 

$0.00

Homeowner Rehab

 

63

 

$0.00

 

$0.00

 

$2,860,462.65

 

$2,860,462.65

Tenant Based Rental Assistance

 

 

0

 

 

$0.00

 

 

$0.00

 

 

$0.00

 

 

0.0%

TOTAL

410

 

$1,356,172.00

$3,698,083.65

$5,054,255.65

Average Amount per Unit

 

 

 

$12,327.45

 

 

HOME Investment Loans

Multifamily Refunding

No. Loans

9

6

Total Dollar Amount:

$1,946,411.00

$6,024,772.00

Average Dollar Amt.

$216,267.89

$1,004,128.67

 

FY 2003 Activity

 

 

 

No. Units

 

 

Tax-Exempt Bonds

Low Income Hsng Tax Credits

 

 

HOME Funds

 

 

Total

Rental New Construction

 

259

 

$0.00

 

$1,421,365.00

 

$275,000.00

 

$1,2698,365.00

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

 

6

 

$0.00

 

$0.00

 

$292,701.00

 

$292,701.00

Tenant Based Rental Assistance

 

 

32

 

 

$0.00

$

 

$0.00

 

 

$70,602.00

 

 

$70,602.00

TOTAL

354

$0.00

$1,667,866.00

$638,303.00

$2,306,169.00

Average Amount per Unit

 

 

 

$6,514.60

 

 

HOME Investment Loans

Multifamily Refunding

No. Loans

25

0

Total Dollar Amount:

$1,695,862.00

$0.00

Average Dollar Amt.

$67,834.48

$0.00

 

 

TOTAL HOUSING PRODUCTION FY 2002:    $13,025,438.65

TOTAL HOUSING PRODUCTION FY 2003:    $  4,171,174.00

 

Affordable Housing Partners  in  the Area:

Area Agency on Aging of Southwest Arkansas, (870) 234-7410

Arkadelphia Housing Group, (870) 246-6709

Arkansas Housing Group

Bradley Housing Authority, (870) 894-3554

Broadway Terrace Limited Partnership

Bunn Builders, (870) 246-6709

Camden / Ouachita County CHDO

Chapel Ridge Limited Partnership

Cherry Bark, LLC, (870) 382-6762

City of Eudora

City of Montrose

City of Murfreesboro, (870) 246-6709

City of Parkdale

City of Portland, (870) 737-2873

City of Wilmar, (870) 469-5609

Cutler Terrace Limited Partnership, (870) 246-4731

Delta Acres Apartments

Doc Puryear, (870) 382-6762

Drew County Public Facilities Board, (870) 376-3973

Dumas Housing Partners,  (317) 782-8063

ERC Development Group

ERC Properties, Inc., (501) 452-9950

Harrington Properties, (870) 246-3212

J.H. Thames, (601) 939-0225

Malvern Housing Authority

Marshall Planning and Development, (870) 367-6226

McGehee Housing Authority, (870) 222-3732

Miller Crossings Limited Partnership, (318) 221-1700

New Horizons, (870) 352-3200

North Arkansas Human Services, (870) 793-8900

Opportunity Lands Corp, (870) 246-4731

Phillips Companies, (501) 666-9629

Real Property Service, (702) 313-3700

Ridgecrest LP, (870) 246-8559

South Arkansas Community Development

Southeast Arkansas Community Action Corporation

Southland Properties, Inc., (870) 382-6762

Sunbelt Development, (501) 227-7730

The Providence Group, Inc., (662) 455-2888

Timber Ridge Manor

Tri-State Management, (870) 367-6226

 

chrome_flare_wte.gif (4118 bytes)
|

DEVELOPMENT FINANCE

 FY 2002 Activity

                       

 

Program

No. Projects

 

Project Amount

Average Project Amount

ADFA Bond Guaranty

1

$6,500,000.00

$6,500,000.00

AEDC/Other Bond Guaranty

1

$1,500,000.00

$1,500,000.00

Higher Education Facilities

0

$0.00

$0.00

Wastewater Revolving Loan

1

$1,000,000.00

$1,000,000.00

Safe Drinking Water Revolving Loan

 

0

 

$0.00

 

$0.00

Business Life Program

0

$0.00

$0.00

ADFA-Originated Loans

5

$4,247,152.35

$849,430.47

Bond Guaranty Reserve Fund

0

$0.00

$0.00

Capital Access Program

11

$14,744.64

$1,340.42

Disadvantaged Business Enterprise

 

0

 

$0.00

 

$0.00

Beginning Farmer

0

$0.00

$0.00

Governmental

0

$0.00

$0.00

Conduits

1

$3,000,000.00

$3,000,000.00

 

FY 2003 Activity

                       

 

 

Program

 

No. Projects

 

 

Project Amount

 

Average Project Amount

 

No. Jobs Projected

Pct Minority Loans

ADFA Bond Guaranty

3

$7,792,500.00

$2,597,500.00

0

0.0%

AEDC/Other Bond Guaranty

 

1

 

$3,367,500.00

 

$3,367,500.00

 

0

 

0.0%

Higher Education Facilities

 

0

 

$0.00

 

$0.00

 

0

 

0.0%

Wastewater Revolving Loan

 

1

 

$1,400,000.00

 

$1,400,000.00

 

0

 

N/A

Safe Drinking Water Revolving Loan

 

2

 

$7,500,000.00

 

$3,750,000.00

 

0

 

N/A

Business Life Program

0

$0.00

$0.00

0

0.0%

ADFA-Originated Loans

 

5

 

$3,021,100.00

 

$604,220.00

 

0

 

0.0%

Bond Guaranty Reserve Fund

 

0

 

$0.00

 

$0.00

 

0

 

0.0%

Capital Access Program

 

2

 

$3,186.50

 

$1,593.00

 

2

 

0.0%

Disadvantaged Business Enterprise

 

0

 

$0.00

 

$0.00

 

0

 

0.0%

Beginning Farmer

1

$191,500.00

$191,500.00

0

N/A

Governmental

2/4th

$6,492,500.00

$3,246,250.00

N/A

N/A

Conduits

1 1/8th

$49,875,000.00

$44,137,168.14

N/A

N/A

 

TOTAL DEVELOPMENT FINANCE FY 2002:            $16,261,896.99
TOTAL DEVELOPMENT FINANCE FY 2003:            $79,643,286.50

  

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 4 FY2002:
$39,057,065.64

            Distribution of these total funds:

               25.0%     Homeownership

               33.3%     Housing Production

               41.7%     Development Finance

 

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 4 FY2003:
$93,194,618.50

        Distribution of these total funds

               10.1%     Homeownership

                 4.5%     Housing Production

               85.4%     Development Finance

 

Back to Statewide Report / Back to Home Page