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:
First Trust Bank for Savings, West Memphis, (870) 732-4550
Bank of Arkansas Mortgage Company, www.bankofarkansas.com
First Horizon Home Loan Corporation, West Memphis, (870) 735-9501;
www.fhnlc.com
FT Mortgage Companies, (870) 735-9501
Guaranty Loan & Real Estate, West Memphis, (870) 735-3430
National Bank of Commerce, Marion, (870) 739-4421; www.nbcbank.com
NBC, Nashville, Tennessee, (870) 739-4421; www.nbcbank.com
Norwest Mortgage, Inc., Little Rock-(501) 221-2132; Jonesboro-(870) 932-9788
www.norwest.com
Pulaski Mortgage Company, West Memphis, (870) 733-0475;
www.pulaskimortgage.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
142 |
$9,796,278.00 |
$68,987.87 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
147 |
$12,017,132.00 |
$81,749.20 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
71.1% |
28.9% |
100.0% |
|
Average Income |
$42,614.55 |
$37,410.84 |
$41,163.17 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
75 |
$205,994.00 |
$2,746.59 |
|
% of H2O Loans |
52.8% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
78 |
$212,367.00 |
$2,722.65 |
|
% of H2O Loans |
53.1% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
65.4% |
34.6% |
100.0% |
|
Average Income |
$42,251.63 |
$36,419.42 |
$40,232.79 |
TOTAL HOMEOWNERSHIP FY 2002: $10,002,272.00
TOTAL HOMEOWNERSHIP FY 2003: $12,229,499.00
(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 |
60 |
$0.00 |
$360,000.00 |
$0.00 |
$360,000.00 |
|
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 |
15 |
$0.00 |
$0.00 |
$878,250.00 |
$878,250.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
75 |
$0.00 |
$360,000.00 |
$878,250.00 |
$1,238,250.00 |
|
Average Amount per Unit |
|
$16,510.00 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
0 |
1 |
|
Total Dollar Amount: |
$0.00 |
$1,575,000.00 |
|
Average Dollar Amt. |
$0.00 |
$1,575,000.00 |
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 |
5 |
$0.00 |
$0.00 |
$300,000.00 |
$300,000.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
5 |
$0.00 |
$0.00 |
$300,000.00 |
$300,000.00 |
|
Average Amount per Unit |
|
$60,000.00 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
9 |
0 |
|
Total Dollar Amount: |
$303,322.00 |
$0.00 |
|
Average Dollar Amt. |
$33,702.44 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $2,813,250.00
TOTAL HOUSING PRODUCTION FY 2003: $ 603,322.00
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 |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $0.00
TOTAL DEVELOPMENT FINANCE FY 2003: $0.00
$12,815,522.00
Distribution of these total funds:
78.0% Homeownership
22.0% Housing Production
0.0% Development Finance
$12,832,821.00
Distribution of these total funds:
95.3% Homeownership
4.7% Housing Production
0.0% Development Finance