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ANNUAL REPORT OF PROGRAM ACTIVITY

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

 

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MADISON COUNTY

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HOMEOWNERSHIP

 

Home-To-Own

 

Participating Lenders in Area:

Arvest Mortgage Company, (501) 750-6107; www.arvest.com/mortgage

Community Bank of North Arkansas, (501) 973-2265; www.communitybnk.com

Moore Mortgage, Inc., Lowell; (479) 770-4700; www.mooremortgage.com

United Bank, Springdale, (501) 756-8811

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2002

2

$88,157.00

$44,078.50

 

 

 

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

2

$133,350.00

$66,675.00

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

100.0%

0.0%

100.0%

Average Income

$32,257.32

$0.00

$32,257.32

 

 

Down Payment Assistance Program (See Congressional District 3 Page for listing of Homebuyer Counselors in the area)

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2002

0

$0.00

$0.00

% of H2O Loans

0.0%

 

 

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

2

$5,425.00

$2,712.50

% of H2O Loans

100.0%

 

 

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

100.0%

0.0%

100.0%

Average Income

$32,257.32

$0.00

$32,257.32

 

TOTAL HOMEOWNERSHIP FY 2002:              $  88,157.00

TOTAL HOMEOWNERSHIP FY 2003:              $138,775.00

 

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HOUSING PRODUCTION

(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

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 Loan 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

3

$0.00

$0.00

$69,429.50

$69,429.50

Tenant Based Rental Assistance

 

0

 

$0.00

 

$0.00

 

$0.00

 

$0.00

TOTAL

3

$0.00

$0.00

$69,429.50

$69,429.50

Average Amount per Unit

 

$23,143.17

 
 

 

 

HOME Investment Loans

Multifamily Refunding

No. Loans

0

0

Total Dollar Amount:

$0.00

$0.00

Average Loan Amt.

$0.00

$0.00

 

TOTAL HOUSING PRODUCTION FY 2002:                    $         0.00

TOTAL HOUSING PRODUCTION FY 2003:                    $69,429.50

 

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DEVELOPMENT FINANCE

 

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

 

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TOTAL FUNDS FOR MADISON COUNTY IN FY 2002

$88,157.00

        Distribution of these total funds:

                100.0%         Homeownership

                   0.0%         Housing Production

                   0.0%         Development Finance

 

TOTAL FUNDS FOR MADISON COUNTY IN FY 2003

$208,204.50

        Distribution of these total funds:

                66.7%         Homeownership

                33.3%         Housing Production

                  0.0%         Development Finance

 

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