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, (870) 541-8129; www.bankofamerica.com
Norwest Mortgage, Inc., Little Rock-(501) 221-2132; www.norwest.com
Norwest Mortgage, Inc., North Little Rock; (501) 812-4207; www.norwest.com
Pulaski Mortgage Company, (501) 661-7889; www.pulaskimortgage.com
Regions Mortgage, Inc., Little Rock-(501) 221-9364; www.regions.com
Regions Mortgage, Inc., North Little Rock; (501) 753-7262; www.regions.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
89 |
$4,357,779.00 |
$48,963.81 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
79 |
$4,453,754.00 |
$56,376.63 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
30.4% |
69.6% |
100.0% |
|
Average Income |
$38,761.56 |
$32,955.27 |
$34,719.21 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
36 |
$102,794.00 |
$2,855.39 |
|
% of H2O Loans |
40.4% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
53 |
$142,147.00 |
$2,680.02 |
|
% of H2O Loans |
67.1% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
22.6% |
77.4% |
100.0% |
|
Average Income |
$41,307.37 |
$34,772.30 |
$36,251.94 |
TOTAL
HOMEOWNERSHIP FY 2002: $4,460,573.00
TOTAL
HOMEOWNERSHIP FY 2003: $4,595,901.00
(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 |
72 |
$0.00 |
$300,000.00 |
$0.00 |
$300,000.00 |
|
Rental Rehab |
40 |
$0.00 |
$298,170.00 |
$0.00 |
$298,170.00 |
|
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 |
112 |
$0.00 |
$598,170.00 |
$0.00 |
$598,170.00 |
|
Average Amount per Unit |
|
$5,340.80 |
|||
|
|
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 |
40 |
$0.00 |
$241,236.00 |
$0.00 |
$241,236.00 |
|
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 |
$241,236.00 |
$0.00 |
$241,236.00 |
|
Average Amount per Unit |
|
$6,030.90 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
1 |
0 |
|
Total Dollar Amount: |
$137,621.00 |
$0.00 |
|
Average Dollar Amt. |
$137,621.00 |
$0.00 |
TOTAL HOUSING
PRODUCTION FY 2002: $598,170.00
TOTAL HOUSING
PRODUCTION FY 2003: $378,857.00
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 |
1 |
$3,000.00 |
$3,000.00 |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
|
Governmental |
0 |
$0.00 |
$0.00 |
|
Conduits |
1 |
$3,000,000.00 |
$3,000,000.00 |
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 |
1 |
$1,400,000.00 |
$1,400,000.00 |
0 |
N/A |
|
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 |
$175,000.00 |
$175,000.00 |
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 |
1/8th |
$1,875,000.00 |
$1,875,000.00 |
N/A |
N/A |
|
Conduits |
1/4th |
$3,246,250.00 |
$3,246,250.00 |
N/A |
N/A |
TOTAL DEVELOPMENT
FINANCE FY 2002: $3,003,000.00
TOTAL DEVELOPMENT
FINANCE FY 2003: $6,696,250.00
$8,061,743.00
Distribution of these total funds:
55.3% Homeownership
7.4% Housing Production
37.3% Development Finance
$11,670,738.00
Distribution of these total funds:
39.4% Homeownership
3.2% Housing Production
57.4% Development Finance