REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2008: July 1, 2007 June 30, 2008
1st Half of FY2008 = July 1, 2007 December 31, 2007
2nd Half of FY2008 = January 1, 2008 June 30, 2008
BAXTER
Countyin Congressional District
1HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
10 |
$879,366.00 |
$87,936.60 |
$85,000.00 |
|
01/2008 06/2008 |
13 |
$1,183,997.00 |
$91,076.69 |
$85,600.00 |
|
Total FY2008 |
23 |
$2,063,363.00 |
$89,711.43 |
$85,300.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
0 (0.0%) |
|
01/2008 06/2008 |
2 (13.3%) |
|
FY2008 Total |
2 (8.0%) |
Loans by Originator / Branch
|
7/1/07 - 12/31/07 |
1/1/08 - 6/30/08 |
TOTAL FY 2008 |
||||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
First National Bank and Trust, Mountain Home, AR |
6 |
$535,303.00 |
10 |
$917,717.00 |
16 |
$1,450,020.00 |
|
First Security, Searcy, AR |
1 |
$69,600.00 |
0 |
$0.00 |
1 |
$69,600.00 |
|
Arvest Mortgage Company, Lowell, AR |
3 |
$274,463.00 |
1 |
$81,600.00 |
4 |
$356,063.00 |
|
Bank of the Ozarks, Little Rock, AR |
0 |
$0.00 |
2 |
$187,680.00 |
2 |
$187,600.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
8 |
$691,348.00 |
|
01/2008 06/2008 |
12 |
$1,071,797.00 |
|
|
Total FY2008 |
20 |
$1,763,145.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
2 |
$188,018.00 |
|
01/2008 06/2008 |
1 |
$112,200.00 |
|
|
Total FY2008 |
3 |
$300,218.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$84,498.00 |
|
|
Total FY2008 |
1 |
$84,498.00 |
|
|
VA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 - 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Conventional |
07/2007 12/2007 |
1 |
$69,600.00 |
|
01/2008 06/2008 |
1 |
$85,600.00 |
|
|
Total FY2008 |
2 |
$155,200.00 |
|
|
Rural Development |
07/2007 12/2007 |
9 |
$809,766.00 |
|
01/2008 06/2008 |
11 |
$1,013,899.00 |
|
|
Total FY2008 |
20 |
$1,823,665.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
10 |
$879,366.00 |
100.0% |
$30,544.49 |
$30,561.06 |
|
01/2008 06/2008 |
13 |
$1,183,997.00 |
100.0% |
$33,432.21 |
$35,688.00 |
|
|
Total FY2008 |
23 |
$2,063,363.00 |
100.0% |
$31,988.35 |
$33,124.53 |
|
|
Minority |
07/2007 12/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
4 |
40.0% |
|
01/2008 06/2008 |
8 |
61.5% |
|
|
Total FY2008 |
12 |
52.2% |
|
|
Female |
07/2007 12/2007 |
6 |
60.0% |
|
01/2008 06/2008 |
5 |
38.5% |
|
|
Total FY2008 |
11 |
47.8% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
4 |
40.0% |
|
01/2008 06/2008 |
4 |
30.8% |
|
|
Total FY2008 |
8 |
34.8% |
|
|
23 to 30 |
07/2007 - 12/2007 |
2 |
20.0% |
|
01/2008 06/2008 |
6 |
46.2% |
|
|
Total FY2008 |
8 |
34.8% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
10.0% |
|
01/2008 06/2008 |
1 |
7.7% |
|
|
Total FY2008 |
2 |
8.7% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
7.7% |
|
|
Total FY2008 |
1 |
4.3% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
10.0% |
|
01/2008 06/2008 |
1 |
7.7% |
|
|
Total FY2008 |
2 |
8.7% |
|
|
61 to 70 |
07/2007 12/2007 |
1 |
10.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
4.3% |
|
|
71+ |
07/2007 12/2007 |
1 |
10.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
4.3% |
|
|
Average Age |
07/2007 12/2007 |
36.7 |
|
|
01/2008 06/2008 |
28.5 |
||
|
Total FY2008 |
32.6 |
|
Average Household Size |
07/2007 12/2007 |
1.7 |
|
01/2008 06/2008 |
1.7 |
|
|
Total FY2008 |
1.7 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
0.05 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
TOTAL HOMEOWNERSHIP: |
||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$879,366.00 |
$1,183,997.00 |
$2,063,363.00 |
HOUSING PRODUCTION (HP)
Program Partners:
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Acquisition Rehab |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2007 |
10 |
$400,000.00 |
|
|
Total FY2008 |
10 |
$400,000.00 |
|
|
Homeowner Acquisition |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Homeowner New Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Homeowner Rehab or Mortgage Subsidy |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Rental New Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Rental Rehab |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Tenant Based Rental Assistance |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
22 |
$48,588.00 |
|
|
Total FY2008 |
22 |
$48,588.00 |
|
|
Total |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
32 |
$448,588.00 |
|
|
Total FY2008 |
32 |
$448,588.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$0.00 |
|
|
01/2008 6/2008 |
$14,018.38 |
||
|
Total FY2008 |
$14,018.38 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
64 |
$425,000.00 |
$0.00 |
$425,000.00 |
$6,640.62 |
Multifamily Housing Bonds
No Multifamily Housing Bond Program Activity FY2008
|
TOTAL HOUSING PRODUCTION: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$873,588.00 |
$873,588.00 |
|
DEVELOPMENT FINANCE
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
|
7/2007 - 12/2007 |
1/2008 - 6/2008 |
FY2008 TOTAL |
||||
|
No. Loans |
Dollar Amount |
No. Loans |
Dollar Amount |
No. Loans |
Dollar Amount |
Average Per Unit |
|
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
$0.00 |
TOTAL FUNDS FOR
BAXTER
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$879,366.00 |
$2,057,585.00 |
$2,936,951.00 |
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