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 Financial Bank, El Dorado, (870) 863-7000; www.ffb1.com
Arkansas Federal Credit Union, Jacksonville, (501) 982-1000
Arvest Central Bank of Little Rock; (501) 379-7107
Arvest Mortgage Company, Little Rock, (501) 379-7107; www.arvest.com/mortgage/
Bank of America, Little Rock, (501) 219-4520; www.banksofamerica.com
Bank of Arkansas Mortgage Company, Fayetteville-(5010 973-2660;
www.bankofarkansas.com
Bank of Arkansas Mortgage Company, Rogers-(501) 636-0901;
www.bankofarkansas.com
Bank of the Ozarks, Little Rock; (501) 978-2303
Chase Manhattan Mortgage Company, Little Rock; (501) 228-5626
Community Home Lenders, Inc., North Little Rock, (501) 771-9429;
www.communityhl.net
Cornerstone Mortgage Center, Inc., Little Rock; (501) 604-5626
Countrywide Home Loans, Inc., Little Rock, (501) 225-3100; www.countrywide.com
First Arkansas Mortgage Company, North Little Rock, (501) 771-4488
First Financial Bank, Little Rock, (501) 227-7087; www.ffb1.com
First Financial Bank, North Little Rock, (501) 771-0637; www.ffb1.com
Firstar Bank, N.A., Little Rock-(501) 221-2163; www.firstar.com
Firstar Bank, N.A., North Little Rock; (501) 688-1381; www.firstar.com
Heartland Community Bank, Bryant; (501) 847-7982
Heartland Community Bank, Sheridan; (870) 942-8844
Heritage Mortgage Company, Little Rock, (501) 224-0010
Metropolitan National Bank, Little Rock, (501) 978-7650; www.metbank.com
Moore Mortgage, Inc., Little Rock, (501) 225-7703; www.mooremortgage.com
Pulaski Mortgage Company, Little Rock, (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
Simmons First Mortgage Company, Little Rock, (501) 223-4382;
www.simmonsfirst.com/banknearyou/
Southern Development / Elk Horn Bank, Arkadelphia, (870) 246-5811;
www.ehbt.com
Superior Federal Bank, FSB, Little Rock, (501) 324-7244; www.superiorfederal.com
Telcoe Federal Credit Union, Little Rock, (501) 375-5321; www.telcoe.com
The Carroll Mortgage Group, Inc., Little Rock, (501) 228-9797;
www.carrollmortgage.com
Twin City Bank, North Little Rock; (501) 833-4022
U.S. Bank Home Mortgage, Little Rock; (501) 221-2163
U.S. Bank Home Mortgage, North Little Rock; (501) 688-1377
Wells Fargo Home Mortgage, Inc., Little Rock, (501) 221-2132; www.norwest.com
Wells Fargo Home Mortgage, Inc., North Little Rock, (501) 812-4207;
www.norwest.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
303 |
$17,941,682.00 |
$59,213.47 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
180 |
$11,586,996.00 |
$64,372.20 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
32.2% |
67.8% |
100.0% |
|
Average Income |
$32,833.19 |
$30,133.82 |
$31,003.61 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
146 |
$377,827.00 |
$2,587.86 |
|
% of H2O Loans |
48.1% |
|
|
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
122 |
$313,327.00 |
$2,568.25 |
|
% of H2O Loans |
67.8% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
33.6% |
66.4% |
100.0% |
|
Average Income |
$33,322.01 |
$33,406.36 |
$33,386.21 |
TOTAL HOMEOWNERSHIP FY 2002: $18,319,509.00
TOTAL HOMEOWNERSHIP FY 2003: $11,900,323.00
(See Congressional District 2 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 |
56 |
$0.00 |
$300,000.00 |
$0.00 |
$300,000.00 |
|
Rental Rehab |
73 |
$0.00 |
$443,769.00 |
$0.00 |
$443,769.00 |
|
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 |
129 |
$0.00 |
$743,769.00 |
$0.00 |
$743,769.00 |
|
Average Amount per Unit |
|
$5,765.65 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
2 |
5 |
|
Total Dollar Amount: |
$497,424.00 |
$8,570,385.00 |
|
Average Dollar Amt. |
$248,712.00 |
$1,714,077.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
100 |
$0.00 |
$660,000.00 |
$0.00 |
$660,000.00 |
|
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 |
8 |
$0.00 |
$0.00 |
$230,760.00 |
$230,760.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
108 |
$0,00 |
$660,000.00 |
$230,760.00 |
$890,760.00 |
|
Average Amount per Unit |
|
$8,247.78 |
|||
|
|
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: $9,811,578.00
TOTAL HOUSING PRODUCTION FY 2003: $ 890,760.00
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
2 |
$2,690,000.00 |
$1,345,000.00 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
Higher Education Facilities |
1 |
$4,000,000.00 |
$4,000,000.00 |
|
Wastewater Revolving Loan |
1 |
$600,000.00 |
$600,000.00 |
|
Safe Drinking Water Revolving Loan |
1 |
$885,000.00 |
$885,000.00 |
|
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 |
2 |
$5,905,000.00 |
$2,952,500.00 |
|
Conduits |
1 |
$60,000,000.00 |
$60,000,000.00 |
FY 2003 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
No. Jobs Projected |
Pct Minority Loans |
ADFA Bond Guaranty |
1 |
$780,000.00 |
$780,000.00 |
5 |
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 |
1 |
$601.00 |
$601.00 |
3 |
0.0% |
|
ADFA-Originated Loans |
2 |
$1,485,000.00 |
$742,500.00 |
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 1/4th |
$5,251,250.00 |
$2,005,000.00 |
N/A |
N/A |
|
Conduits |
1 1/8th |
$7,675,000.00 |
$5,800,000.00 |
N/A |
N/A |
TOTAL DEVELOPMENT FINANCE FY 2002: $74,080,000.00
TOTAL DEVELOPMENT FINANCE FY 2003: $15,191,851.00
$102,211,087.00
Distribution of these total funds:
17.9% Homeownership
9.6% Housing Production
72.5% Development Finance
$27,982,934.00
Distribution of these total funds:
42.5% Homeownership
3.2% Housing Production
54.3% Development Finance