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:
Community Home Lenders, (501) 843-8264; www.communityhl.net
First Arkansas Valley Bank, Searcy; (501) 207-4180
First Security Bank, Searcy, (501) 279-3439; www.firstsecuritybank.org
Regions Bank, Beebe, (501) 882-6406; www.regions.com
Regions Bank, Searcy, (501) 968-1234; www.regions.com
Regions Mortgage, Inc., Searcy, (501) 279-3527; www.regions.com
Simmons First Mortgage, Searcy, (501) 278-2000;
www.simmonsfirst.com/banknearyou
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
82 |
$4,966,688.00 |
$60,569.37 |
|
|
|
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
50 |
$3,273,428.00 |
$65,468.56 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
98.0% |
2.0% |
100.0% |
|
Average Income |
$34,250.41 |
$22,609.68 |
$34,017.60 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
27 |
$68,034.00 |
$2,519.78 |
|
% of H2O Loans |
32.9% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
30 |
$81,567.00 |
$2,718.90 |
|
% of H2O Loans |
60.0% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
100.0% |
0.0% |
100.0% |
|
Average Income |
$35,546.59 |
$0.00 |
$35,546.59 |
TOTAL HOMEOWNERSHIP FY 2002: $5,034,722.00
TOTAL HOMEOWNERSHIP FY 2003: $3,354,995.00
(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 |
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 |
8 |
$0.00 |
$0.00 |
$248,030.00 |
$248,030.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
8 |
$0.00 |
$0.00 |
$248,030.00 |
$248,030.00 |
|
Average Amount per Unit |
|
$31,003.75 |
|||
|
|
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 |
64 |
$0.00 |
$390,000.00 |
$125,000.00 |
$515,000.00 |
|
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 |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
TOTAL |
64 |
$0.00 |
$390,000.00 |
$125,000.00 |
$515,000.00 |
|
Average Amount per Unit |
|
$8,046.88 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
5 |
0 |
|
Total Dollar Amount: |
$108,866.19 |
$0.00 |
|
Average Dollar Amt. |
$21,773.24 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $248,030.00
TOTAL HOUSING PRODUCTION FY 2003: $623,866.19
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 |
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 |
1 |
$1,600,000.00 |
$1,600,000.00 |
0 |
N/A |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
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 |
N/A |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
0 |
N/A |
|
Governmental |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
|
Conduits |
0 |
$0.00 |
$0.00 |
0 |
0.0% |
TOTAL DEVELOPMENT FINANCE FY 2002: $ 0.00
TOTAL DEVELOPMENT FINANCE FY 2003: $1,600,000.00
Distribution of these total funds:
95.3% Homeownership
4.7% Housing Production
0.0% Development Finance
$5,578,861.19
Distribution of these total funds:
60.1% Homeownership
11.1% Housing Production
28.7% Development Finance