Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
See “Statewide” Section for a list of FY 2003 Bond Issuance
Participating Lenders in Area:
1st Financial Bank, El Dorado, (870) 863-7000; www.ffb1.com
1st Security Bank, Searcy, (501) 279-3400; www.firstsecuritybank.com
Arvest Mortgage Company, (501) 750-6107; www.arvest.com/mortgage/
Bank of America, Conway, (501) 336-6720; (501) 336-6733; (501) 336-9800;
www.bankofamerica.com
Countrywide Home Loans, (501) 225-3100; www.countrywide.com
First Service Bank, Greenbrier, (501) 679-7300
Firstar Home Mortgage Company, Conway; (501) 328-0444; www.firstar.com
Norwest Mortgage, Inc., (501) 221-2132; www.norwest.com
Pulaski Mortgage Company, Conway; (501) 328-5533
Regions Mortgage, Inc., Conway, (501) 450-4771; www.regions.com
Simmons First National Bank, Conway, (501) 329-7070; www.simmonsfirst.com
U.S. Bank Home Mortgage, Conway; (501) 328-0444
Wells Fargo Home Mortgage, Inc., Conway; (501) 329-2211
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
80 |
$5,629,531.00 |
$70,369.14 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
48 |
$3,778,457.00 |
$78,717.85 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
72.9% |
27.1% |
100.0% |
|
Average Income |
$33,449.35 |
$37,056.58 |
$34,426.31 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
50 |
$134,805.00 |
$2,696.10 |
|
% of H2O Loans |
62.5% |
|
|
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
43 |
$114,611.00 |
$2,665.37 |
|
% of H2O Loans |
89.6% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
72.1% |
27.9% |
100.0% |
|
Average Income |
$32,708.77 |
$37,845.05 |
$34,142.15 |
TOTAL HOMEOWNERSHIP FY 2002: $5,764,336.00
TOTAL HOMEOWNERSHIP FY 2003: $3,893,068.00
(See Congressional District 2 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 |
40 |
$0.00 |
$281,041.00 |
$0.00 |
$281,041.00 |
|
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 |
12 |
$0.00 |
$0.00 |
$600,000.00 |
$600,000.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
52 |
$0.00 |
$281,041.00 |
$600,000.00 |
$881,041.00 |
|
Average Amount per Unit |
|
$16,943.10 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
1 |
1 |
|
Total Dollar Amount: |
$18,597.79 |
$1,356,300.00 |
|
Average Dollar Amt. |
$18,597.79 |
$1,356,300.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
40 |
$0.00 |
$295,626.00 |
$0.00 |
$295,626.00 |
|
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 |
40 |
$0.00 |
$295,626.00 |
$0.00 |
$295,626.00 |
|
Average Amount per Unit |
|
$7,390.65 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
2 |
0 |
|
Total Dollar Amount: |
$86,365.00 |
$0.00 |
|
Average Dollar Amt. |
$43,182.50 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $2,255,938.79
TOTAL HOUSING PRODUCTION FY 2003: $ 381,991.00
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 |
1 |
$1,200,000.00 |
$1,200,000.00 |
|
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: $1,200,000.00
TOTAL DEVELOPMENT FINANCE FY 2003: $ 0.00
$9,220,274.79
Distribution of these total funds:
62.5% Homeownership
24.5% Housing Production
13.0% Development Finance
$4,275,059.00
Distribution of these total funds:
91.1% Homeownership
8.9% Housing Production
0.0% Development Finance