ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2004: July 1, 2003 – June 30, 2004
CARROLL COUNTYPart of Congressional District 3 |
Current Participating Lenders in County
Community First Bank, Eureka Springs, AR 479.253.0500
First Arvest Bank, Berryville, AR 870.423.1504
First Eureka Bank, Eureka Springs, AR 479.253.3601
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
17 |
$1,223,150.00 |
$71,950.00 |
$73,700.00 |
Loans by Originator
|
Originator |
No. Loans |
Dollar Amount |
|
Arvest Mortgage Company, Lowell, AR |
11 |
$820,650.00 |
|
Community First Bank, Harrison, AR |
6 |
$402,500.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
16 |
$1,133,950.00 |
|
New or Proposed Construction |
1 |
$89,200.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
1 |
$64,450.00 |
5.9% |
|
Minorities |
16 |
$1,158,700.00 |
94.1% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$19,488.00 |
$19,488.00 |
|
Minorities |
$42,432.29 |
$43,692.00 |
|
Average Household Size: |
4.4 |
|
|
|
|
Loan Cancellation Rate: |
10.5% |
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: $1,223,150.00
Total Economic Impact
Local Jobs Supported: 3
Local Business Owner’s Income: $26,180.00
Local Wages & Salaries: $117,730.00
Local Government Revenue: $18,570
TOTAL MONETARY IMPACT: $162,660.00
Affordable Housing Partners Serving County
FORGE HOR
Spa Area Independent Living Services (SAILS) (HOME Program-Statewide
Projects)
1.800.255.7549
www.myceon.com/training.com/heroes.pdf
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 |
|
$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 |
$24,879.00 |
$24,879.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Acq / Rehab |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
TOTAL |
1 |
$0.00 |
$0.00 |
$24,879.00 |
$24,879.00 |
|
Average Amount per Unit |
|
|
|
|
$24,879.00 |
TOTAL HOUSING PRODUCTION FY 2004: $24,879.00
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 |
1 |
$75,000.00 |
$75,000.00 |
|
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: $75,000.00
TOTAL FUNDS FOR CARROLL COUNTY FY 2004
$1,323,029.00
|
Distribution of these total funds |
|
|
Homeownership |
$1,223,150.00 |
|
Housing Production |
$24,879.00 |
|
Development Finance |
$75,000.00 |