ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2004: July 1, 2003 – June 30, 2004
BAXTER COUNTYPart of Congressional District 1 |
Current Participating Lenders Located in County
Bank of Yellville, Mountain Home, AR 870.424.3355
First National Bank & Trust, Mountain Home 870.424.2101
www.firstmountainhome.com/
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
21 |
$1,378,800.00 |
$65,657.14 |
$65,000.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
1st National Bank, Mountain Home, AR |
$1,035,200.00 |
|
|
First Security Bank, Mountain Home, AR |
1 |
$77,200.00 |
|
Arvest Mortgage Company, Lowell, AR |
1 |
$56,450.00 |
|
1st Security, Searcy, AR |
2 |
$139,950.00 |
|
Bank of Yellville, Flippin, AR |
1 |
$70,000.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
19 |
$1,247,800.00 |
|
New or Proposed Construction |
2 |
$131,000.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
21 |
$1,378,800.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$30,748.37 |
$27,684.36 |
|
Minorities |
$0.00 |
$0.00 |
|
Average Household Size: |
2.0 |
|
|
|
|
Loan Cancellation Rate: |
4.5% |
|
|
|
Current Participating Homebuyer Counselors Located in County
None
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
0 |
$0.00 |
$0.00 |
0.0% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
None |
0 |
$0.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
0 |
$0.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
0 |
$0.00 |
0.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
0.0% |
|
|
|
TOTAL HOMEOWNERSHIP FY 2004: $1,378,800.00
Total Economic Impact
Local Jobs Supported: 6
Local Business Owner’s Income: $52,360.00
Local Wages & Salaries: $235,460.00
Local Government Revenue: $37,140.00
TOTAL MONETARY IMPACT: $324,960.00
Affordable Housing Partners Serving in County
Faith Outreach (HOME Program)
Leisure Homes, Mountain Home, AR (Developer)
870.424.7460
Spa Area Independent Living Services (SAILS) (HOME Program-Statewide
Projects)
1.800.255.7549
www.myceon.com/training.com/heroes.pdf
Thomas J. Embach, Mountain Home, AR (General Partner)
870.424.7460
Program Statistics
HOME Allocations / Board Approvals FY 2004
|
|
No. Units |
HOME Funds |
|
Rental New Construction |
0 |
$0.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
|
Homeowner Rehab or Mortgage Subsidy |
0 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
|
Acq / Rehab |
0 |
$0.00 |
|
TOTAL |
0 |
$0.00 |
|
Average Amount per Unit or Tenant |
|
$0.00 |
Disbursements of FY04’s & Previous Years’ HOME Allocations/Approvals and FY2004
Low-Income Tax Credits
|
|
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 or Mortgage Subsidy |
1 |
$0.00 |
$0.00 |
$24,838.00 |
$24,838.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Acq / Rehab |
16 |
$0.00 |
$91,296.00 |
$0.00 |
$91,296.00 |
|
TOTAL |
17 |
$0.00 |
$91,296.00 |
$24,838.00 |
$116.134.00 |
|
Average Amount per Unit |
|
|
|
|
$6,831.41 |
TOTAL HOUSING PRODUCTION FY 2004: $116,134.00
Total Economic Impact
Local Jobs Supported: 0
Local Business Owner’s Income: $0.00
Local Wages & Salaries: $0.00
Local Government Revenue: $0.00
TOTAL MONETARY IMPACT: $0.00
Capital Access Program-Participating Lenders
None
Program Statistics
|
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 |
|
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 Conduits |
0 |
$0.00 |
$0.00 |
|
Special Projects Fund |
0 |
$0.00 |
$0.00 |
TOTAL DEVELOPMENT FINANCE FY 2004: $0.00
TOTAL FUNDS FOR BAXTER COUNTY FY 2004
$1,494,934.00
Distribution of these total funds
|
Homeownership |
$1,378,800.00 |
|
Housing Production |
$116,134.00 |
|
Development Finance |
$0.00 |