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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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UNION COUNTY

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HOMEOWNERSHIP

 

Home-To-Own

Participating Lenders in Area:

1st National Bank of  El Dorado, (870) 863-3181

BancorpSouth, El Dorado; (870) 863-3181

First Financial Bank, El  Dorado, (870) 863-7000; www.ffb1.com

Metropolitan National Bank, Little Rock, (501) 978-7650; www.metbank.com

Norwest Mortgage, Inc., Little Rock-(501) 221-2132; www.norwest.com

Norwest Mortgage, Inc., North Little Rock, (501) 812-4207; www.norwest.com

Regions Bank, El Dorado, (870) 862-6683; www.regions.com

Simmons First Bank of El Dorado, N.A., (870) 862-8161; www.simmonsfirst.com

 

Period

No. Loans

Dollar Amount

Average Loan Amt.

FY2002

1

$64,000.00

$64,000.00

 

 

 

 

Period

No.  Loans

Dollar Amount

Average Loan Amt.

FY2003

2

$99,600.00

$49,800.00

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

100.0%

0.0%

100.0%

Average Income

$25,709.89

$0.00

$25,709.89

 

Down Payment Assistance Program (See Congressional District 4 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

2

$5,450.00

$2,725.00

% of H2O Loans

100.0%

 

 

 

 

 

 

 

Non-Minorities

Minorities

Total

Ethnicity

100.0%

0.0%

100.0%

Average Income

$25,709.88

$0.00

$25,709.88

 

TOTAL HOMEOWNERSHIP FY 2002:              $  64,000.00

TOTAL HOMEOWNERSHIP FY 2003:              $105,050.00

 

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HOUSING PRODUCTION

(See Congressional District 4 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 RehabHomH

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

$1,495,851.00

Average Dollar Amt.

$0.00

$747,925.50

 

FY 2003 Activity

 

 

No. Units

 

Tax-Exempt Bonds

Low Income Hsng Tax Credits

 

HOME Funds

 

Total

Rental New Construction

19

$0.00

$106,908.00

$275,000.00

$381,908.00

Rental Rehab

0

$0.00

$0.00

$0.00

$0.00

Homeowner New Construction

0

$0.00

$0.00

$0.00

$0.00

Homeowner RehabHomH

0

$0.00

$0.00

$0.00

$0.00

Tenant Based Rental Assistance

 

0

 

$0.00

 

$0.00

 

$0.00

 

$0.00

TOTAL

19

$0.00

$106,908.00

$275,000.00

$381,908.00

Average Amount per Unit

 

$20,100.42

 

 

 

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:                    $1,495,851.00

TOTAL HOUSING PRODUCTION FY 2003:                    $   381,908.00

 

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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

1

$22,152.00

$22,152.00

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

1

$48,000,000.00

$48,000,000.00

0

0.0%

 

 

TOTAL DEVELOPMENT FINANCE FY 2002:              $       22,152.00

TOTAL DEVELOPMENT FINANCE FY 2003:              $48,000,000.00

 

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TOTAL FUNDS FOR UNION COUNTY IN FY 2002

$1,582,003.00

        Distribution of these total funds:

                 4.0%         Homeownership

                94.6%         Housing Production

                 1.4%         Development Finance

 

TOTAL FUNDS FOR UNION COUNTY IN FY 2003

$48,486,958.00

        Distribution of these total funds:

                 0.2%        Homeownership

                 0.8%        Housing Production

                99.0%         Development Finance

 

 

 

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