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Congressional District 1

 

  1. Arkansas
  2. Clay
  3. Cleburn
  4. Craighead
  5. Crittenden
  6. Cross
  7. Fulton
  8. Green
  9. Independence
  10. Izard
  11. Jackson
  12. Lawrence
  13. Lee
  14. Lonoke
  15. Mississippi
  16. Monroe
  17. Phillips
  18. Prairie
  19. Poinsett
  20. Randolph
  21. Searcy
  22. Sharp
  23. Stone
  24. St. Francis
  25. Woodruff

 

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2002:  7/1/01 – 6/30/02

&

Fiscal Year 2003:  7/1/02 – 6/30/03

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CONGRESSIONAL DISTRICT 1

 

 

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

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HOMEOWNERSHIP

 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

  

Down Payment Assistance Program

 
Participating Homebuyer Counselors in the Area
:

Crowley’s Ridge Development Council, Inc., Jonesboro, (870) 935-8610

East Arkansas Legal Services, West Memphis, (870) 732-6370

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
 


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HOUSING PRODUCTION

 

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

 

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DEVELOPMENT FINANCE

 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

 

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 1 FY2002:

$54,617,003.00

            Distribution of these total funds:

               57.7%     Homeownership

               28.2%     Housing Production

               14.1%     Development Finance

 

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 1 FY2003:   

$50,889,184.96

        Distribution of these total funds:

               51.5%     Homeownership

                 6.4%     Housing Production

               42.1%     Development Finance
 

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