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

Congressional District 3

  1. Baxter
  2. Benton
  3. Boone
  4. Carroll
  5. Crawford
  6. Franklin
  7. Johnson
  8. Logan
  9. Marion
  10. Madison
  11. Newton
  12. Polk
  13. Pope
  14. Scott
  15. Sebastian
  16. Washington

 

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2002:  7/1/01 6/30/02

&

Fiscal Year 2003:  7/1/02 6/30/03

 

chrome_flare_wte.gif (4118 bytes)

CONGRESSIONAL DISTRICT 3

 Counties:  Benton, Boone, Carroll, Crawford, Franklin, Johnson, Madison, Marion, Newton, Pope, Sebastian and Washington

chrome_flare_wte.gif (4118 bytes)

HOMEOWNERSHIP

 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

 

Down Payment Assistance Program

 

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

 

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

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

 

chrome_flare_wte.gif (4118 bytes)

DEVELOPMENT FINANCE

 

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 2002:              $  3,289,080.00

TOTAL DEVELOPMENT FINANCE FY 2003:              $11,206,689.75

 

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 3 FY2002:

$72,449,457.15

            Distribution of these total funds:

                80.9%         Homeownership

                14.6%         Housing Production

                4.5%         Development Finance

 

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 3 FY2003:
$49,358,446.75

        Distribution of these total funds:

                72.3%         Homeownership

                 5.0%         Housing Production

                22.7%         Development Finance

 

Back to Statewide Report / Back to Home Page