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 Home Mortgage, Jonesboro, (870) 932-6693
Bank of America, (770) 723-2110; www.bankofamerica.com
First Horizon Home Loan Corporation, (870) 735-9501
Logan Finance Corporation, Blytheville, (870) 762-2033; www.nettloan.com
Regions Mortgage, Inc., (501) 753-7262; www.regions.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
12 |
$745,503.00 |
$62,125.25 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
7 |
$454,648.00 |
$64,949.71 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
85.7% |
14.3% |
100.0% |
Average Income |
$40,380.40 |
$22,656.00 |
$37,848.34 |
|
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: $745,503.00
TOTAL HOMEOWNERSHIP FY 2003: $454,648.00
(See Congressional District 1 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 |
6 |
$0.00 |
$0.00 |
$200,000.00 |
$200,000.00 |
|
Homeowner Rehab |
5 |
$0.00 |
$0.00 |
$278,250.00 |
$278,250.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
11 |
$0.00 |
$0.00 |
$478,250.00 |
$478,250.00 |
|
Average Amount per Unit |
|
$43,477.27 |
|||
|
|
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 |
58 |
$0.00 |
$168,558.00 |
$0.00 |
$168,558.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
5 |
$0.00 |
$0.00 |
$246,750.00 |
$246,750.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
63 |
$0.00 |
$168,558.00 |
$246,750.00 |
$415,308.00 |
|
Average Amount per Unit |
|
$6,592.19 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
5 |
0 |
|
Total Dollar Amount: |
$230,000.00 |
$0.00 |
|
Average Dollar Amt. |
$46,000.00 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $478,250.00
TOTAL HOUSING PRODUCTION FY 2003: $645,308.00
******************************************
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
1 |
$2,587,500.00 |
$2,587,500.00 |
|
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 |
$29,183.00 |
$29,183.00 |
|
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 |
1 |
$1,200,000.00 |
$1,200,000.00 |
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 |
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: $2,616,683.00
TOTAL DEVELOPMENT FINANCE FY 2003: $1,200,000.00
$3,840,436.00
Distribution of these total funds:
19.4% Homeownership
12.5% Housing Production
68.1% Development Finance
$2,299,956.00
Distribution of these total funds:
19.8% Homeownership
28.0% Housing Production
52.2% Development Finance