ST. FRANCIS COUNTYPart of Congressional District 1 |
Current Participating Lenders Located in County
First National Bank of Eastern Arkansas,
Forrest City, AR 870.633.3112
Pulaski Mortgage Company, Forrest City, AR 870.630.0266
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
10 |
$594,021.00 |
$59,402.10 |
$55,000.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
1 |
$67,933.00 |
|
|
Pulaski Mortgage Company, Forrest City, AR |
8 |
$426,872.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
1 |
$99,216.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
10 |
$594,021.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
5 |
$322,658.00 |
50.0% |
|
Minorities |
5 |
$271,363.00 |
50.0% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$36,265.22 |
$34,940.24 |
|
Minorities |
$29,974.92 |
$28,038.00 |
|
Average Household Size: |
3.2 |
|
|
|
|
Loan Cancellation Rate: |
28.6% |
Current Participating Homebuyer Counselors Located in County
None
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
8 |
$20,083.00 |
$2,510.38 |
80.0% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
8 |
$20,083.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
8 |
$20,083.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
3 |
$6,129.00 |
37.5% |
|
Minorities |
5 |
$13,954.00 |
62.5% |
Loan Cancellation Rate: 20.0%
TOTAL HOMEOWNERSHIP FY 2004: $614,104.00
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
Affordable Housing Partners Serving County
Arkansas Delta Development Services CDC (HOME Program);
Arkansas Land & Farm Development Corporation, Brinkley, AR (General
Partner)
870.734.1140
www.iisd.org/50comm/commdb/list/c11.htm
Billy W. Bunn, Arkadelphia, AR (General Partner)
870.246.6709
Bunn Builders, Arkadelphia, AR (Developer)
870.246.6709
City of Palestine (HOME Program)
www.geocities.com/palestineark/
ERC Properties, Fort Smith, AR (Developer)
479.452.9950
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 |
35 |
$555,000.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
5 |
$325,000.00 |
|
Homeowner Rehab or Mortgage Subsidy |
6 |
$320,000.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
|
Acq / Rehab |
0 |
$0.00 |
|
TOTAL |
46 |
$1,200,000.00 |
|
Average Amount per Unit |
|
$26,086.96 |
Disbursements of FY04’s & Previous Years’ HOME Allocations/Approval2 and FY2004 Low-Income Tax Credits
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
57 |
$0.00 |
$418,800.00 |
$559,000.00 |
$977,800.00 |
|
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 |
$70,544.00 |
$70,544.00 |
|
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 |
58 |
$0.00 |
$418,800.00 |
$629,544.00 |
$1,048.344.00 |
|
Average Amount per Unit |
|
|
|
|
$18,074.90 |
TOTAL HOUSING PRODUCTION FY 2004: $1,048,344.00
Total Economic Impact
Local Jobs Supported: 91
Local Business Owner’s Income: $839,040.00
Local Wages & Salaries: $3,427,980.00
Local Government Revenue: $577,980.00
TOTAL MONETARY IMPACT: $4,845,000.00
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 ST. FRANCIS CNTY FY 2004
$1,662,448.00
|
Distribution of these total funds |
|
|
Homeownership |
$614,104.00 |
|
Housing Production |
$1,048,344.00 |
|
Development Finance |
$0.00 |