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Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
Counties: Arkansas, Baxter, Clay, Cleburne, Craighead, Crittenden, Cross, Fulton, Greene, Independence, Izard, Jackson, Lawrence, Lee, Lonoke, Mississippi, Monroe, Phillips, Poinsett, Prairie, Randolph, Searcy, Sharp, St. Francis, Stone and Woodruff
Home-To-Own
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
479 |
$31,098,558.00 |
$64,923.92 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
356 |
$25,838.493.00 |
$72,580.04 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
76.5% |
23.5% |
100.0% |
|
Average Income |
$32,408.16 |
$34,416.77 |
$33,117.08 |
Participating Homebuyer Counselors in the Area:
Crowley’s Ridge Development Council, Inc., Jonesboro, (870) 935-8610
Mississippi County Arkansas, E.O.C., Blytheville, (870) 532-2348
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
156 |
$410,170.00 |
$2,629.29 |
|
% of H2O Loans |
32.6% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
134 |
$356,020.00 |
$2,656.87 |
|
% of H2O Loans |
37.6% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
|
Ethnicity |
79.2% |
20.8% |
100.0% |
|
Average Income |
$35,957.82 |
$33,829.46 |
$35,106.47 |
TOTAL HOMEOWNERSHIP FY 2002: $31,508,728.00
TOTAL HOMEOWNERSHIP FY 2003: $26,194,513.00
FY 2002 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
342 |
$0.00 |
$1,896,623.00 |
$0.00 |
$1,896,623.00 |
|
Rental Rehab |
74 |
$0.00 |
$233,200.00 |
$0.00 |
$233,200.00 |
|
Homeowner New Construction |
6 |
$0.00 |
$0.00 |
$200,000.00 |
$200,000.00 |
|
Homeowner Rehab |
62 |
$0.00 |
$0.00 |
$3,022,495.00 |
$3,022,495.00 |
|
Tenant Based Rental Assistance |
100 |
$0.00 |
$0.00 |
$282,313.00 |
$282,313.00 |
TOTAL |
584 |
$0.00 |
$2,129,82.00 |
$3,504,808.00 |
$5,634,631.00 |
|
Average Amount per Unit |
|
$9,648.34 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
5 |
7 |
|
Total Dollar Amount: |
$1,089,500.00 |
$8,692,601.00 |
|
Average Dollar Amt. |
$217,900.00 |
$1,241,800.14 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
100 |
$0.00 |
$739,495.00 |
$0.00 |
$739,495.00 |
|
Rental Rehab |
104 |
$0.00 |
$333,161.00 |
$0.00 |
$333,161.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
10 |
$0.00 |
$0.00 |
$546,750.00 |
$546,750.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
214 |
$0.00 |
$1,072,656.00 |
$546,750.00 |
$1,619,406.00 |
|
Average Amount per Unit |
|
$7,567.32 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
22 |
0 |
|
Total Dollar Amount: |
$1,657,783.10 |
0 |
|
Average Dollar Amt. |
$75,353.78 |
0 |
TOTAL HOUSING PRODUCTION FY 2002: $15,416,732.00
TOTAL HOUSING PRODUCTION FY 2003: $ 3,277,189.10
Affordable Housing Partners in the Area:
AFFHOUSE, LLC
ALCO Properties, Inc.
Arkansas Land and Farm Development Corporation
ARKCO Housing, Inc., (870) 572-1814
Bailley Properties
Bill Bunn, (870) 246-6709
Blytheville Senior Citizens LP, (870) 424-7460
Bradford Apartments
Bradley Planning & Development Corporation, (870) 367-6227
Central Arkansas Planning and Development, (501) 676-2721
Chapel Ridge Limited Partnership
City of Clarendon
City of Edmondson, (870) 735-6946
City of Gilmore
City of Marianna, (870) 295-6089
City of Piggott, (870) 598-5884
City of Turrell
City of West Helena
Community Development Group, (501) 375-8824
Cove Creek Senior Citizen Apartments
Crowley’s Ridge Development Council, Inc., (870) 935-8610
Delta Dream Builders
Delta Research & Development, (870) 732-1723
Domicile Property Management, Inc. (210) 220-1908
ECS Planning and Management
ERC Properties, Inc., (501) 452-9950
For Us, Inc.
Forrest City Housing Association
Gary Lynch, (317) 782-8063
Helena Housing Partners, (317) 782-8063
Herman lee, (870) 793-5711
J.H. Thames, (601) 939-0225
James Construction, (501) 676-5131
Jonesboro Housing Authority, (870) 933-4635
Leisure Homes Corporation, (870) 424-7460
MACO Construction, (573) 448-3564
Malcolm Manor Limited Partnership
North Arkansas Human Services System, (870) 793-8900
North/South Properties, (870) 673-1655
Northwest Regional Housing Development Corporation, (870) 741-5522
Opportunity Lands Corporation, (870) 246-4731
Park Development LLC
Phillips Companies, (501) 66-9627
Property Management Corp., (870) 425-6067
Roy Stanley, (501) 521-6686
Southern Management, (870) 933-7076
Star Management, (870) 382-5141
Stuttgart Housing
Sunbelt Development Corporation, (501) 227-7730
Sunbelt Management Company, (205) 878-2408
Tar-Pas Apartments, LTD
TESCO Property, (901) 759-1855
The Meadows Limited Partnership
Timberlake Development (501) 362-2877
United Development Corporation, (901) 324-9422
Village Oaks Limited Partnership
West Helena Limited Partnership
White River Regional Housing Development Corporation, (870) 368-5200
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
3 |
$3,302,500.00 |
$1,100,833.33 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
|
Wastewater Revolving Loan |
2 |
$2,605,000.00 |
$1,302,500.00 |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
|
ADFA-Originated Loans |
2 |
$179,183.26 |
$89,591.63 |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
|
Capital Access Program |
2 |
$4,860.00 |
$2,430.00 |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
|
Governmental |
0 |
$0.00 |
$0.00 |
|
Conduits |
1 |
$1,600,000.00 |
$1,600,000.00 |
FY 2003 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
No. Jobs Projected |
Pct Minority Loans |
ADFA Bond Guaranty
|
2 |
$6,065,000.00 |
$3,032,500.00 |
0 |
0.0% |
|
AEDC/Other Bond Guaranty |
1 |
$3,935,000.00 |
$3,935,000.00 |
0 |
0.0% |
|
Higher Education Facilities |
1 |
$1,250,000.00 |
$1,250,000.00 |
0 |
0.0% |
|
Wastewater Revolving Loan |
1 |
$1,200,000.00 |
$1,200,000.00 |
0 |
N/A |
|
Safe Drinking Water Revolving Loan |
1 |
$5,700,000.00 |
$5,700,000.00 |
0 |
N/A |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
ADFA-Originated Loans |
0 |
$0.00 |
$3,150,000.00 |
0 |
0.0% |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Capital Access Program |
2 |
$21,232.86 |
$10,616.43 |
2 |
0.0% |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Governmental |
1/4th |
$3,246,250.00 |
$3,246,250.00 |
N/A |
N/A |
|
Conduits |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $ 7,691,543.26
TOTAL DEVELOPMENT FINANCE FY 2003: $21,417,482.86
Distribution of these total funds:
57.7% Homeownership
28.2% Housing Production
14.1% Development Finance
$50,889,184.96
Distribution of these total funds:
51.5% Homeownership
6.4% Housing Production
42.1%
Development Finance
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