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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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MARION COUNTY

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HOMEOWNERSHIP

 

Home-To-Own

 

Participating Lenders in Area:

Bank of Yellville, (870) 449-4231; www.bankofyellville.com

Firstar Home Mortgage, Flippin, (870) 424-5626, www.firstar.com

Peoples Bank and Trust, Mountain Home, (870) 425-2166; www.peoplesbank.org

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2002

2

$139,200.00

$69,600.00

 

 

 

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

8

$474,725.00

$59,340.63

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

87.5%

12.5%

100.0%

Average Income

$33,857.38

36,751.20

$34,219.11

 

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

0

$0.00

$0.00

% of H2O Loans

0.0%

 

 

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

0.0%

0.0%

0.0%

Average Income

$0.00

$0.00

$0.00

 

TOTAL HOMEOWNERSHIP FY 2002:              $139,200.00

TOTAL HOMEOWNERSHIP FY 2003:              $474,725.00

 

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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

2

Total Dollar Amount:

$0.00

$1,192,872.00

Average Dollar Amt.

$0.00

$596,436.00

 

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:                    $1,192,872.00

TOTAL HOUSING PRODUCTION FY 2003:                    $              0.00

 

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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 MARION COUNTY IN FY 2002

$1,332,072.00

        Distribution of these total funds:

                10.4%         Homeownership

                89.6%        Housing Production

                  0.0%         Development Finance

 

TOTAL FUNDS FOR MARION COUNTY IN FY 2003

$474,725.00

        Distribution of these total funds:

                100.0%         Homeownership

                   0.0%         Housing Production

                   0.0%         Development Finance

 

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