Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
See “Statewide” Section for list of FY 2003 Bond Issuance
Participating Lenders in Area:
Bank of America, Jonesboro, (870) 932-9300; (870) 933-4369;
(870) 933-4352; (501) 933-4385; (870) 972-9800; www.bankofamerica.com
Countrywide Home Loans, Inc., Jonesboro; 870.931.1964
First Financial Bank, Jonesboro, (870) 935-7808; www.ffb1.com
Heritage Bank, Jonesboro, (870) 802-2344; (870) 802-2300
MidSouth Bank Mortgage, Jonesboro, (870) 931-0100; www.msbank.com
Norwest Mortgage, Inc., (501) 221-2132; www.norwest.com
Regions Mortgage, Inc., Jonesboro, (870) 974-5305; www.regions.com
Simmons First Bank, Jonesboro, (870) 933-8000; www.simmonsfirst.com/banknearyou
Union Planters Bank, Jonesboro, (870) 935-5521; www.unionplanters.com
Wells Fargo Home Mortgage, Inc., Jonesboro, (870) 932-9788; www.norwest.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
86 |
$5,506,140.00 |
$64,024.88 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
51 |
$3,548,437.00 |
$69,577.20 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
78.4% |
21.6% |
100.0% |
|
Average Income |
$28,911.19 |
$29,520.49 |
$29,042.61 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
32 |
$73,156.00 |
$2,286.13 |
|
% of H2O Loans |
37.2% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
18 |
$44,029.00 |
$2,446.06 |
|
% of H2O Loans |
35.3% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
55.6% |
44.4% |
100.0% |
|
Average Income |
$29,739.34 |
$28,689.08 |
$29,272.56 |
TOTAL HOMEOWNERSHIP FY 2002: $5,579,296.00
TOTAL HOMEOWNERSHIP FY 2003: $3,592,466.00
(See Congressional District 1 Page for listing of Affordable Housing Partners)
FY 2002 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Rental Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
TOTAL |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Average Amount per Unit |
|
$0.00 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
0 |
0 |
|
Total Dollar Amount: |
$0.00 |
$0.00 |
|
Average Dollar Amt. |
$0.00 |
$0.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
48 |
$0.00 |
$319,612.00 |
$0.00 |
$319,612.00 |
|
Rental Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
TOTAL |
48 |
$0.00 |
$319,612.00 |
$0.00 |
$319,612.00 |
|
Average Amount per Unit |
|
$6,658.58 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
0 |
0 |
|
Total Dollar Amount: |
$0.00 |
$0.00 |
|
Average Dollar Amt. |
$0.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $ 0.00
TOTAL HOUSING PRODUCTION FY 2003: $319,612.00
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
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 |
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 |
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 |
1 |
$3,935,000.00 |
$3,935,000.00 |
N/A |
0.0% |
|
AEDC/Other Bond Guaranty |
1 |
$3,935,000.00 |
$3,935,000.00 |
N/A |
0.0% |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Wastewater Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
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 |
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 |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Conduits |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $ 0.00
TOTAL DEVELOPMENT FINANCE FY 2003: $7,870,000.00
$5,579,296.00
Distribution of these total funds:
100.0% Homeownership
0.0% Housing Production
0.0% Development Finance
$11,782,078.00
Distribution of these total funds:
30.5% Homeownership
2.7% Housing Production
66.8% Development Finance