 |
Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
Counties: Benton, Boone, Carroll, Crawford, Franklin, Johnson, Madison, Marion, Newton, Pope, Sebastian and Washington
Home-To-Own
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
892 |
$57,572,551.00 |
$64,618.74 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
529 |
$34,972,199.00 |
$66,110.02 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
89.2% |
10.8% |
100.0% |
|
Average Income |
$32,192.89 |
$33,261.69 |
$32,586.66 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
395 |
$1,013,338.15 |
$2,565.41 |
|
% of H2O Loans |
44.3% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
262 |
$689,420.00 |
$2,631.37 |
|
% of H2O Loans |
49.5% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
64.3% |
35.7% |
100.0% |
|
Average Income |
$33,581.68 |
$32,920.22 |
$33,317.10 |
Participating Homebuyer Counselors in Area:
Crawford-Sebastian Community Development Council, Inc., Fort Smith;
(479) 785-2303
Family Service Agency, Springdale, (501) 751-4575
Universal Housing Development Corp, Russellville, (501) 968-5001
TOTAL HOMEOWNERSHIP FY 2002: $58,585,889.15
TOTAL HOMEOWNERSHIP FY 2003: $35,661,619.00
FY 2002 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
187 |
$0.00 |
$738,148.00 |
$300,000.00 |
$1,038,148.00 |
|
Rental Rehab |
82 |
$0.00 |
$0.00 |
$500,000.00 |
$500,000.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
27 |
$0.00 |
$0.00 |
$300,000.00 |
$300,000.00 |
|
Tenant Based Rental Assistance |
80 |
$0.00 |
$0.00 |
$235,200.00 |
$235,200.00 |
TOTAL |
387 |
$0.00 |
$738,148.00 |
$1,335,200.00 |
$2,073,348.00 |
|
Average Amount per Unit |
|
$5,357.49 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
3 |
7 |
|
Total Dollar Amount: |
$540,000.00 |
$7,961,140.00 |
|
Average Dollar Amt. |
$180,000.00 |
$1,137,305.71 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
119 |
$0.00 |
$689,285.00 |
$1,100,000.00 |
$1,789,285.00 |
|
Rental Rehab |
43 |
$0.00 |
$100,994.00 |
$0.00 |
$1,200,994.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
7 |
$0.00 |
$0.00 |
$138,859.00 |
$138,859.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
169 |
$0.00 |
$790,279.00 |
$1,238,859.00 |
$2,029,138.00 |
|
Average Amount per Unit |
|
$12,006.73 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
19 |
0 |
|
Total Dollar Amount: |
$461,000.00 |
$0.00 |
|
Average Dollar Amt. |
$24,263.16 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $10,574,488.00
TOTAL HOUSING PRODUCTION FY 2003: $ 2,490,138.00
Affordable Housing Partners in the Area:
AFFHOUSE, LLC
Alma Properties, (501) 452.9950
Apartment House Builders, (501) 758-2405
Arrington Development LLC, (601) 856-3538
Atkins Terrace Limited Partnership
Barlee Properties, (501) 452-9550
Bellwood Four / Whistle Stop
Bentonville / Bella Vista Community Development Corporation, (501) 273-7862
Bentonville Housing Authority, (501) 273-1215
Chapel Ridge Limited Partnership
City of Springdale
Community Development Corporation (Benton County), (501) 273-7862
ERC Development Group, (501) 452-9950
First Ozark Housing Development Corporation, (501) 524-8117
Forrest D. Nye, (573) 756-8013
Harrison Housing Authority
Jim Petty (501) 452-9950
Leisure Homes Corporation, (870) 424-7460
Lindsey Management, (501) 521-6686
Lifestyles, Inc.
Northwest Regional Housing Development Corporation, (870) 741-5522
Osage Terrace LP, (501) 273-7344
Ozark Properties III, LP, (501) 452-9950
Parkwood Limited Partnership
Phillips Companies, (501) 666-9629
Property Management Corp, (870) 425-6076
River Valley Apartments
Ross Phillips, (501) 221-2643
Seaside Development Corporation
Siloam Springs Housing Authority, (501) 524-8117
Simpson Housing Solutions
Supplemental Resources, Inc., (870) 741-5405
TG 101, Inc.
Thomas Terrell, (5010 271-0126
Tom Moore, (501) 783-3385
Universal Housing
Wallington Development
Wedington Place Senior Apartments, Limited Partnership
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
1 |
$1,070,000.00 |
$1,070,000.00 |
|
AEDC/Other Bond Guaranty |
1 |
$1,865,000.00 |
$1,865,000.00 |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
|
Wastewater Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
|
ADFA-Originated Loans |
1 |
$354,080.00 |
$354,080.00 |
|
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 |
0 |
$0.00 |
$0.00 |
|
Conduits |
0 |
$0.00 |
$0.00 |
FY 2003 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
No. Jobs Projected |
Pct Minority Loans |
ADFA Bond Guaranty |
2 |
$1,830,000.00 |
$915,000.00 |
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 |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
ADFA-Originated Loans |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Capital Access Program |
2 |
$1,689.75 |
$563.25 |
3 |
0.0% |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Governmental |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Conduits |
5/8th |
$9,375,000.00 |
$1,875,000.00 |
N/A |
N/A |
TOTAL DEVELOPMENT FINANCE FY 2003: $11,206,689.75
Distribution of these total funds:
80.9% Homeownership
14.6% Housing Production
4.5% Development Finance
Distribution of these total funds:
72.3% Homeownership
5.0% Housing Production
22.7% Development Finance