ANNUAL REPORT OF PROGRAM ACTIVITY

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

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

WOODRUFF 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.
2	*$103,939.00*	*$51,969.50*	*$51,969.50*

Loans by Originator

Originator / Branch	No. Loans	Dollar Amount
Pulaski Mortgage Company, Forrest City, AR	1	*$37,000.00*
1^st Security, Searcy, AR	1	*$66,939.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	2	*$103,939.00*
New or Proposed Construction	0	*$0.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	1	*$66,939.00*	*50.0%*
Minorities	1	*$37,000.00*	*50.0%*

Ethnicity	Mean Income	Median Income
Non-Minorities	*$49,918.56*	*$49,918.56*
Minorities	*$23,460.000*	*$23,460.00*

Average Household Size:	*3.0*

Loan Cancellation Rate:	*0.0%*

DOWN PAYMENT ASSISTANCE PROGRAM

Current Homebuyer Counselors Located in County

None

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% of H2O (1^ST) LOANS
1	*$3,000.00*	*$3,000.00*	*50.0%*

Loans by Homebuyer Counselor

Counselor	No. Loans	Dollar Amount
In Affordable Housing, Inc.	1	*$3,000.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	1	*$3,000.00*
New or Proposed Construction	0	*$0.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	1	*$3,000.00*	*100.0%*
Minorities	0	*$0.00*	*0.0%*

Loan Cancellation Rate: 50.0%

TOTAL HOMEOWNERSHIP FY 2004: $106,939.00

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

White River Regional Housing Authority (HOME Program)

870.368.5200

www.wrrha.com

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	*Tenants-25*	*$66,210.00*
Acq / Rehab	0	*$0.00*
TOTAL	*Tenants-25*	*$66,210.00*
Average Amount per Unit		*Tenants-$2,648.40*

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

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 WOODRUFF CNTY FY 2004

$106,939.00

Distribution of these total funds
Homeownership	*$106,939.00*
Housing Production	*$0.00*
Development Finance	*$0.00*

Statewide Statistics / Congressional District 1