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:
1st Financial Bank, El Dorado, (870) 7000; www.ffb1.com
Bank of America, Hot Springs, (501) 321-5049; (501) 321-8126; (501) 321-8119;
(501) 321-8178; (501) 321-8139; (501) 321-8237; (501) 321-8288;
www.bankofamerica.com
First Trust Mortgage Company, (870) 732-4550
Firstar Home Mortgage, Hot Springs, (501) 915-9133; www.firstar.com
Malvern National Bank, Hot Springs, (501) 622-6600; (501) 760-6600;
www.onemoneyplace.com
Norwest Mortgage, Inc., (501) 221-2132; www.norwest.com
Regions Mortgage, Inc., Arkadelphia-(870) 245-5604; www.regions.com
Regions Mortgage, Inc., Little Rock-(501) 221-9364; www.regions.com
Summit Bank, Inc., Hot Springs; (501) 525-8653
Superior Federal Bank, FSB, Hot Springs, (501) 623-4585;
www.superiorfederal.com
U.S. Bank Home Mortgage, Hot Springs; (501) 321-5070
U.S. Bank Home Mortgage, Hot Springs Village; (501) 915-9133
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
10 |
$536,231.00 |
$53,623.10 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
4 |
$246,850.00 |
$61,712.50 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
50.0% |
50.0% |
100.0% |
Average Income |
$29,610.06 |
$28,650.60 |
$29,130.33 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
10 |
$24,858.00 |
$2,485.80 |
|
% of H2O Loans |
100.0% |
|
|
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
4 |
$10,450.00 |
$2,612.50 |
|
% of H2O Loans |
100.0% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
50.0% |
50.0% |
100.0% |
|
Average Income |
$29,610.06 |
$28,650.60 |
$29,130.33 |
TOTAL HOMEOWNERSHIP FY 2002: $561,089.00
TOTAL HOMEOWNERSHIP FY 2003: $257,300.00
(See Congressional District 4 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 |
96 |
$0.00 |
$300,000.00 |
$0.00 |
$300,000.00 |
|
Rental Rehab |
64 |
$0.00 |
$339,084.00 |
$0.00 |
$339,084.00 |
|
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 |
160 |
$0.00 |
$639,084.00 |
$0.00 |
$639,084.00 |
|
Average Amount per Unit |
|
$3,994.28 |
|||
|
|
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 |
0 |
0 |
|
Total Dollar Amount: |
$0.00 |
$0.00 |
|
Average Dollar Amt. |
$0.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $639,084.00
TOTAL HOUSING PRODUCTION FY 2003: $ 0.00
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 |
1 |
$500,000.00 |
$500,000.00 |
|
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 |
1 |
$875,000.00 |
$875,000.00 |
N/A |
N/A |
|
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: $500,000.00
TOTAL DEVELOPMENT FINANCE FY 2003: $875,000.00
$1,700,173.00
Distribution of these total funds:
33.0% Homeownership
37.6% Housing Production
29.4% Development Finance
$1,132,300.00
Distribution of these total funds:
22.7% Homeownership
0.0% Housing Production
77.3% Development Finance