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Fiscal Year 2002: 7/1/01 – 6/30/02
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Fiscal Year 2003: 7/1/02 – 6/30/03
Counties: Conway, Faulkner, Perry, Pulaski, Saline, Van Buren, White and Yell
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
601 |
$37,154,720.00 |
$61,821.50 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
352 |
$23,314,418.00 |
$66,234.14 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
51.3% |
48.7% |
100.0% |
|
Average Income |
$34,278.97 |
$32,045.87 |
$33,162.42 |
Participating Homebuyer Counselors in Area:
Argenta Community Development Corp., North Little Rock, (501) 372-6936
Arkansas River Valley Area Council, Inc., (ARVAC, Inc.), Dardanelle; (501) 229-4861
Central Arkansas Development Council, Benton, (501) 315-1121
Central Arkansas Development Council, Little Rock, (501) 565-7054
Family Service Agency, Little Rock, (501) 753-0202
In Affordable Housing, Little Rock, (501) 221-2203
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
297 |
$768,247.65 |
$2,586.69 |
|
% of H2O Loans |
49.4% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
250 |
$659,144.00 |
$2,636.58 |
|
% of H2O Loans |
84.2% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
50.4% |
49.6% |
100.0% |
|
Average Income |
$31,415.53 |
$34,620.46 |
$32,872.32 |
TOTAL HOMEOWNERSHIP FY 2002: $37,922,967.65
TOTAL HOMEOWNERSHIP FY 2003: $23,973,562.00
FY 2002 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
105 |
$0.00 |
$581,041.00 |
$0.00 |
$581,041.00 |
|
Rental Rehab |
73 |
$0.00 |
$443,769.00 |
$0.00 |
$443,769.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
20 |
$0.00 |
$0.00 |
$848,030.00 |
$848,030.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
198 |
$0.00 |
$1,024,810.00 |
$848,030.00 |
$1,872,840.00 |
|
Average Amount per Unit |
|
$9,458.79 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
4 |
6 |
|
Total Dollar Amount: |
$546,088.77 |
$9,926,685.00 |
|
Average Dollar Amt. |
$136,521.95 |
$1,654,447.50 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
204 |
$0.00 |
$1,345,626.00 |
$125,000.00 |
$1,470,626.00 |
|
Rental Rehab |
30 |
$0.00 |
$194,814.00 |
$275,000.00 |
$469,814.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
8 |
$0.00 |
$0.00 |
$230,760.00 |
$230,760.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
242 |
$0.00 |
$1,540,440.00 |
$630,760.00 |
$2,171,200.00 |
|
Average Amount per Unit |
|
$8,971.90 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
119 |
0 |
|
Total Dollar Amount: |
$311,231.19 |
$0.00 |
|
Average Dollar Amt. |
$2,615.39 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $12,345,613.77
TOTAL HOUSING PRODUCTION FY 2003: $ 2,482,431.19
Affordable Housing Partners in the Area:
Arbor Place Limited Partnership, (949) 417-1396
ARC of Arkansas, (501) 280-3419
Argenta Community Development Corporation, (501) 374-0622
Arrington Development LLC, (601) 856-3538
Associated Management, (501) 758-2402
Birchtree Community, (501) 303-3161
Charles Culbertson, (501) 220-4712
City of McRae
City of Menifee
Coffman Investment Company, (501) 372-1065
Community Action Program for Central Arkansas, Inc.
Conway Housing Authority, (501) 327-0156
Cromwell/Levy, (501) 666-9449
Eastside High School Limited Partnership, (501) 280-3419
ERC Properties, Inc., (501) 452-9950
First Capital Management, (501) 223-2700
Gulfstream Asset Management
HELP Development Corporation
John Condit (210) 220-1908
Kiehl Partners, (601) 939-0225
Kramer School, (501) 378-1309
Leisure Homes Corporation, (870) 424-7460
Lighthouse, Inc., (501) 562-3910
Lindsey Management, (501) 521-6686
McClellan CDC, (501) 565-4968
McCormack Barron & Associates, (314) 621-3400
Mark Turrentine, (318) 387-2662
Mid-South Housing Group, LLC, (501) 452-5132
MLP Management, (314) 821-6900
Norsouth Management Company, Inc., (770) 303-0505
Phillips Companies, (501) 666-9629
Preservation Partners
Ross Phillips, (501) 221-2643
Simpson Housing Solutions
Sunbelt Development, (501) 227-7730
Timberwood Apartments Limited Partnership, (417) 883-1632
Trinity Court Place Limited Partnership, (501) 375-7737
United Housing Preservation Corp, (310) 820-4777
University Heights Association, (314) 621-3400
Volunteers of America, (501) 374-1713
White River Regional Housing Development Corporation, (870) 368-5200
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
3 |
$4,075,000.00 |
$1,358,333.33 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
Higher Education Facilities |
1 |
$4,000,000.00 |
$4,000,000.0 |
Wastewater Revolving Loan |
3 |
$3,300,000.00 |
$1,100,000.00 |
|
Safe Drinking Water Revolving Loan |
1 |
$885,000.00 |
$885,000.00 |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
|
ADFA-Originated Loans |
0 |
$0.00 |
$0.00 |
|
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 |
3 |
$5,905,000.00 |
$1,968,333.33 |
|
Conduits |
1 |
$60,000,000.00 |
$60,000,000.00 |
FY 2003 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
No. Jobs Projected |
Pct Minority Loans |
ADFA Bond Guaranty |
1 |
$780,000.00 |
$780,000.00 |
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 |
1 |
$1,600,000.00 |
$1,600,000.00 |
0 |
N/A |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
Business Life Program |
1 |
$601.00 |
$601.00 |
3 |
0.0% |
|
ADFA-Originated Loans |
1 |
$1,485,000.00 |
$1,485,000.00 |
0 |
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 |
1 1/4th |
$5,251,250.00 |
$4,201,000.00 |
N/A |
N/A |
|
Conduits |
2 2/8th |
$9,550,000.00 |
$4,201,000.00 |
N/A |
N/A |
TOTAL DEVELOPMENT FINANCE FY 2002: $78,165,000.00
TOTAL DEVELOPMENT FINANCE FY 2003: $18,666,851.00
TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 2 FY2002:
$128,433,581.40
Distribution of these total funds:
29.5% Homeownership
9.6% Housing Production
60.9% Development Finance
TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 2 FY2003:
$45,122,844.19
Distribution of these total funds:
53.1% Homeownership
5.5% Housing Production
41.4%
Development Finance
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