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:
Arvest Mortgage Company, (501) 770-1370; www.arvest.com/mortgage
BancorpSouth, Van Buren, www.bancorpsouth.com
Citizens Bank & Trust Company, Van Buren, (479) 474-1201;
www.cbankandtrust.com
City National Bank, (501) 471-1160; www.BancorpSouth.com
Firstar Home Mortgage, Van Buren, (479) 410-5389; www.firstar.com/persfin/
Regions Mortgage, Inc., (501) 494-1000; www.regions.com
Simmons First Mortgage, Little Rock, (501) 223-4219;
www.simmonsfirst.com/banknearyou
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
119 |
$7,471,552.00 |
$62,786.15 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
74 |
$5,234,749.00 |
$70,739.85 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
87.8% |
12.2% |
100.0% |
|
Average Income |
$36,773.24 |
$35,374.39 |
$36,603.11 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
59 |
$150,616.00 |
$2,552.81 |
|
% of H2O Loans |
49.6% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
32 |
$81,193.00 |
$2,537.28 |
|
% of H2O Loans |
43.2% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
90.6% |
9.4% |
100.0% |
|
Average Income |
$37,456.27 |
$25,597.08 |
$36,344.47 |
TOTAL HOMEOWNERSHIP FY 2002: $7,622,168.00
TOTAL HOMEOWNERSHIP FY 2003: $5,315,942.00
(See Congressional District 3 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 |
56 |
$0.00 |
$300,000.00 |
$0.00 |
$300,000.00 |
|
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 |
56 |
$0.00 |
$300,000.00 |
$0.00 |
$300,000.00 |
|
Average Amount per Unit |
|
$5,357.14 |
|||
|
|
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 |
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 |
1 |
0 |
|
Total Dollar Amount: |
$10,000.00 |
$0.00 |
|
Average Dollar Amt. |
$10,000.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $300,000.00
TOTAL HOUSING PRODUCTION FY 2003: $ 10,000.00
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 |
0 |
$0.00 |
$0.00 |
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 |
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 |
1/8th |
$1,875,000.00 |
$1,875,000.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $ 0.00
TOTAL DEVELOPMENT FINANCE FY 2003: $1,875,000.00
$7,922,168.00
Distribution of these total funds:
96.2% Homeownership
3.8% Housing Production
0.0% Development Finance
$7,200,942.00
Distribution of these total funds:
73.8% Homeownership
0.1% Housing Production
26.0% Development Finance