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Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
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
|
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 |
|
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
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
|
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
Distribution of these total funds:
25.0% Homeownership
33.3% Housing Production
41.7% Development Finance
Distribution of these total funds
10.1% Homeownership
4.5% Housing Production
85.4% Development Finance
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