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

Congressional District 2

 

  1. Conway
  2. Faulkner
  3. Perry
  4. Pulaski
  5. Saline
  6. Van Buren
  7. White
  8. Yell

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2002:  7/1/01 6/30/02

&

Fiscal Year 2003:  7/1/02 6/30/03

 

CONGRESSIONAL DISTRICT 2

Counties:   Conway, Faulkner, Perry, Pulaski, Saline, Van Buren, White and Yell

 

chrome_flare_wte.gif (4118 bytes)

HOMEOWNERSHIP

Home-To-Own

 

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

 

Down Payment Assistance Program

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

 

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

 

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

 

chrome_flare_wte.gif (4118 bytes)
 

DEVELOPMENT FINANCE

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

 chrome_flare_wte.gif (4118 bytes)

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
 

Back to Statewide Report / Back to Home Page