ANNUAL REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2004: July 1, 2003 – June 30, 2004

See “Statewide” Section for list of FY 2004 Bond Issuances

POINSETT COUNTY

Part of Congressional District 1

HOMEOWNERSHIP

HOME-TO-OWN PROGRAM

Current Participating Lenders Located in County

None

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	MEDIAN LOAN AMT.
8	*$472,713.00*	*$59,089.13*	*$63,872.50*

Loans by Originator

Originator / Branch	No. Loans	Dollar Amount
First Financial Bank, Jonesboro, AR	1	*$63,995.00*
1^st Home Mortgage, Inc., Jonesboro, AR	3	*$146,681.00*
Simmons 1^st Bank, Jonesboro, AR	2	*$145,800.00*
Countrywide Home Loans, Inc., Jonesboro, AR	1	*$74,825.00*
Pulaski Mortgage Company, West Memphis, AR	1	*$41,412.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	7	*$397,888.00*
New or Proposed Construction	1	*$74,825.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	7	*$397,888.00*	*87.5%*
Minorities	1	*$74,825.00*	*12.5%*

Ethnicity	Mean Income	Median Income
Non-Minorities	*$23,198.79*	*$27,300.00*
Minorities	*$22,015.92*	*$22,015.92*

Average Household Size:	*1.6*

Loan Cancellation Rate:	*33.3%*

DOWN PAYMENT ASSISTANCE PROGRAM

Current Participating Homebuyer Counselors Located in County

None

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% of H2O (1^ST) LOANS
2	*$4,075.00*	*$2,037.50*	*25.0%*

Loans by Homebuyer Counselor

Counselor	No. Loans	Dollar Amount
Crowley’s Ridge Development Council, Inc.	1	*$3,000.00*
Legal Aid of Arkansas	1	*$1,075.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	1	*$1,075.00*
New or Proposed Construction	1	*$3,000.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	1	*$1,075.00*	*50.0%*
Minorities	1	*$3,000.00*	*50.0%*

Loan Cancellation Rate: 0.0%

TOTAL HOMEOWNERSHIP FY 2004: $476,788.00

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

HOUSING PRODUCTION

Affordable Housing Partners Serving County

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	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*
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	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*
Average Amount per Unit					*$0.00*

TOTAL HOUSING PRODUCTION FY 2004: $0.00

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

DEVELOPMENT FINANCE

Capital Access Program-Participating Lenders

Unico Bank, F.S.B., Trumann, AR 870.483.6393

www.unicobank.com

Little River Bank of Lepanto, Lepanto, AR 870.475.3307

www.littleriverbank.com

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	1	*$1,000,000.00*	*$1,000,000.00*
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: $1,000,000.00

TOTAL FUNDS FOR POINSETT COUNTY FY 2004

$1,476,788.00

Distribution of these total funds
Homeownership	*$476,788.00*
Housing Production	*$0.00*
Development Finance	*$1,000,000.00*

Statewide Statistics / Congressional District 1