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:
Arvest Bank, Fort Smith; (479) 709-8816; www.arvest.com
Arvest Mortgage Company, Fort Smith, (479) 709-6439; www.arvest.com
BancorpSouth, Fort Smith, (479) 785-8323; www.bancorpsouth.com
Bank of the Ozarks, Fort Smith, (479) 478-4331; www.bankozarks.com
Citizens Bank & Trust Company, Fort Smith, (479) 646-0402;
www.cbankandtrust.com
City National Bank, (501) 785-8323; www.bancorpsouth.com
Country Home Mortgage, Inc., Greenwood; (479) 996-8300
Farmers Bank, Greenwood, (479) 996-2535
NARDIC, Fort Smith, (479) 782-5959
National Mortgage Corporation, Greenwood, (479) 996-7735
Regions Mortgage, Inc., Fort Smith, (479) 494-4625; www.regions.com
Simmons First Mortgage Company, Fort Smith, (479) 484-1253;
www.simmonsfirst.com/banknearyou/
Superior Federal Bank, FSB, Fort Smith, (479) 484-4388; www.superiorfederal.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
202 |
$11,441,361.00 |
$56,640.40 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
142 |
$8,717,481.00 |
$61,390.71 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
70.4% |
29.6% |
100.0% |
|
Average Income |
$29,891.75 |
$29,954.13 |
$29,910.20 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
112 |
$280,275.15 |
$2,502.46 |
|
% of H2O Loans |
55.4% |
|
|
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
84 |
$213,665.00 |
$2,543.63 |
|
% of H2O Loans |
59.2% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
70.2% |
29.8% |
100.0% |
|
Average Income |
$30,848.55 |
$30,814.77 |
$30,838.50 |
TOTAL HOMEOWNERSHIP FY 2002: $11,721,636.15
TOTAL HOMEOWNERSHIP FY 2003: $ 8,931,146.00
(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 |
27 |
$0.00 |
$0.00 |
$300,000.00 |
$300,000.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
27 |
$0.00 |
$0.00 |
$300,000.00 |
$300,000.00 |
|
Average Amount per Unit |
|
$11,111.11 |
|||
|
|
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 |
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 |
17 |
0 |
|
Total Dollar Amount: |
$251,000.00 |
$0.00 |
|
Average Dollar Amt. |
$14,764.71 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $300,000.00
TOTAL HOUSING PRODUCTION FY 2003: $251,000.00
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
1 |
$1,070,000.00 |
$1,070,000.00 |
|
AEDC/Other Bond Guaranty |
1 |
$1,865,000.00 |
$1,865,000.00 |
|
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: $2,935,000.00
TOTAL DEVELOPMENT FINANCE FY 2003: $ 0.00
$14,956,636.15
Distribution of these total funds:
78.4% Homeownership
2.0% Housing Production
19.6% Development Finance
$9,182,146.00
Distribution of these total funds:
97.3% Homeownership
2.7% Housing Production
0.0% Development Finance