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, (501) 442-7773; www.ffb1.com
Arkansas National Bank, Fayetteville. (479) 718-7031; www.arknatl.com
Arkansas National Bank, Springdale, (501) 756-7600; www.arknatl.com
Bank of America, Fayetteville, (479) 872-4580; www.bankofamerica.com
Bank of Fayetteville Mortgage, Fayetteville, (479) 443-2110; www.bof.com/
Community Bank of North Arkansas, Fayetteville, (501) 973-2280;
www.communitybnk.com
Countrywide Home Loans, Inc., Fayetteville, (479) 587-3033; www.countrywide.com
Farmers and Merchants Bank, Farmington, (479) 846-7083; www.arvest.com
Farmers and Merchants, West Fork. (479) 839-2302
First Financial Bank, Fayetteville, (479) 442-7773; www.ffb1.com
First National Bank (First Horizon), Springdale; (479) 750-5626
First Security Bank, Fayetteville, (479) 527-7020; www.fsbank.com
McIlroy Bank and Trust, Fayetteville, (479) 575-1146; www.arvest.com/mbt
Moore Mortgage, Inc., (501) 770-4700; www.mooremortgage.com
Norwest Mortgage, Inc., (501) 443-0200; www.norwest.com
Pulaski Mortgage Company, Fayetteville, (479) 444-8222; www.pulaskimortgage.com
Regions Bank, Fayetteville, (479) 521-2460; www.regions.com
Simmons 1st Mortgage, Little Rock, (501) 223-4219;
www.simmonsfirst.com/banknearyou
Simmons First Mortgage Company, Springdale, (479) 872-1100; (479) 756-9165
www.simmonsfirst.com/banknearyou
Springdale Bank and Trust-Main, Springdale, (479) 756-7054; www.arvest.com/sbt
Springdale Bank and Trust-South, Springdale, (479) 756-7913; www.arvest.com/sbt
Superior Federal Bank, FSB, Springdale, (501) 751-6991; www.superiorfederal.com
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
123 |
$8,604,765.00 |
$69,957.44 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
52 |
$3,636,945.00 |
$69,941.25 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
|
Ethnicity |
86.5% |
13.5% |
100.0% |
|
Average Income |
$34,578.55 |
$33,204.96 |
$34,393.64 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
81 |
$223,354.00 |
$2,757.46 |
|
% of H2O Loans |
65.9% |
|
|
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
43 |
$120,042.00 |
$2,791.67 |
|
% of H2O Loans |
82.7% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
90.7% |
9.3% |
100.0% |
|
Average Income |
$36,210.65 |
$36,111.63 |
$36,201.44 |
TOTAL HOMEOWNERSHIP FY 2002: $8,828,119.00
TOTAL HOMEOWNERSHIP FY 2003: $3,756,987.00
(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 |
32 |
$0.00 |
$262,732.00 |
$0.00 |
$262,732.00 |
|
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 |
32 |
$0.00 |
$262,732.00 |
$0.00 |
$262,732.00 |
|
Average Amount per Unit |
|
$8,210.38 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
0 |
1 |
|
Total Dollar Amount: |
$0.00 |
$2,103,900.00 |
|
Average Dollar Amt. |
$0.00 |
$2,103,900.00 |
FY 2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
27 |
$0.00 |
$155,075.00 |
$0.00 |
$155,075.00 |
|
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 |
27 |
$0.00 |
$155,075.00 |
$0.00 |
$155,075.00 |
|
Average Amount per Unit |
|
$5,743.52 |
|||
|
|
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: $2,366,632.00
TOTAL HOUSING PRODUCTION FY 2003: $ 155,075.00
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 |
|
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 |
$1,300,000.00 |
$1,300,000.00 |
10 |
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 |
$1,875,000.00 |
$1,875,000.00 |
N/A |
N/A |
TOTAL DEVELOPMENT FINANCE FY 2002: $ 0.00
TOTAL DEVELOPMENT FINANCE FY 2003: $3,175,000.00
$11,194,751.00
Distribution of these total funds:
78.9% Homeownership
21.1% Housing Production
0.0% Development Finance
$7,087,062.00
Distribution of these total funds:
53.0% Homeownership
2.2% Housing Production
44.8% Development Finance
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