Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
See “Statement” Section for list of FY 2003 Bond Issuance
Participating Lenders in Area:
Bank of America, (501) 964-2307; www.bankofamerica.com
First Arkansas Valley Bank, Russellville, (501) 967-2151
Norwest Mortgage, Inc., Little Rock-(501) 221-2132; ; www.norwest.com
Norwest Mortgage, Inc., North Little Rock; (501) 812-4207; www.norwest.com
Simmons First Bank of Russellville, (501) 967-8000
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
89 |
$5,589,061.00 |
$62,798.44 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
55 |
$3,208,773.00 |
$58,341.33 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
85.5% |
14.5% |
100.0% |
|
Average Income |
$26,125.85 |
$33,548.40 |
$27,205.49 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
19 |
$49,063.00 |
$2,582.26 |
|
% of H2O Loans |
21.3% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
FY2003 |
16 |
$43,274.00 |
$2,704.63 |
|
% of H2O Loans |
29.1% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
81.2% |
18.8% |
100.0% |
|
Average Income |
$30,211.23 |
$33,211.48 |
$30,773.78 |
TOTAL HOMEOWNERSHIP FY 2002: $5,638,124.00
TOTAL HOMEOWNERSHIP FY 2003: $3,252,047.00
(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 |
2 |
2 |
|
Total Dollar Amount: |
$240,000.00 |
$1,883,968.00 |
|
Average Dollar Amt. |
$120,000.00 |
$941,984.00 |
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: $2,123,968.00
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 |
$354,080.00 |
$354,080.00 |
|
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 |
1 |
$530,000.00 |
$530,000.00 |
40 R* |
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 |
1/8th |
$1,875,000.00 |
$1,875,000.00 |
0 |
0.0% |
R* = Jobs Retained
TOTAL DEVELOPMENT FINANCE FY 2002: $ 354,080.00
TOTAL DEVELOPMENT FINANCE FY 2003: $2,405,000.00
$8,116,172.00
Distribution of these total funds:
69.5% Homeownership
26.2% Housing Production
4.3% Development Finance
$5,657,047.00
Distribution of these total funds:
57.5% Homeownership
0.0% Housing Production
42.5% Development Finance