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
BOONE
Countyin Congressional District
3HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
30 |
$2,604,783.00 |
$86,826.10 |
$83,106.00 |
|
01/2008 06/2008 |
17 |
$1,473,682.00 |
$86,687.18 |
$86,400.00 |
|
Total FY2008 |
47 |
$4,078,465.00 |
$86,775.85 |
$84,753.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
2 (6.3%) |
|
01/2008 06/2008 |
2 (10.5%) |
|
FY2008 Total |
4 (7.8%) |
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 & Trust, Mountain Home, AR |
1 |
$84,000.00 |
0 |
$0.00 |
1 |
$84,000.00 |
|
Community First Bank, Harrison, AR |
29 |
$2,520,783.00 |
17 |
$1,473,682.00 |
46 |
$3,994,465.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
28 |
$2,374,783.00 |
|
01/2008 06/2008 |
17 |
$1,473,682.00 |
|
|
Total FY2008 |
45 |
$3,848,465.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
2 |
$230,000.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
2 |
$230,000.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
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 |
10 |
$827,845.00 |
|
01/2008 06/2008 |
1 |
$49,900.00 |
|
|
Total FY2008 |
11 |
$877,745.00 |
|
|
Rural Development |
07/2007 12/2007 |
20 |
$1,776,938.00 |
|
01/2008 06/2008 |
16 |
$1,423,782.00 |
|
|
Total FY2008 |
36 |
$3,200,720.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
29 |
$2,525,283.00 |
96.7% |
$36,332.00 |
$34,350.00 |
|
01/2008 06/2008 |
17 |
$1,473,682.00 |
100.0% |
$41,718.96 |
$41,210.52 |
|
|
Total FY2008 |
46 |
$3,998,965.00 |
97.9% |
$39,025.38 |
$37,780.26 |
|
|
Minority |
07/2007 12/2007 |
1 |
$79,500.00 |
3.3% |
$42,882.00 |
$42,882.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$79,500.00 |
2.1% |
$42,882.00 |
$42,882.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
24 |
80.0% |
|
01/2008 06/2008 |
12 |
70.6% |
|
|
Total FY2008 |
36 |
76.6% |
|
|
Female |
07/2007 12/2007 |
6 |
20.0% |
|
01/2008 06/2008 |
5 |
29.4% |
|
|
Total FY2008 |
11 |
23.4% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
5 |
16.7% |
|
01/2008 06/2008 |
4 |
23.5% |
|
|
Total FY2008 |
9 |
19.1% |
|
|
23 to 30 |
07/2007 - 12/2007 |
13 |
43.3% |
|
01/2008 06/2008 |
9 |
52.9% |
|
|
Total FY2008 |
21 |
44.7% |
|
|
31 to 40 |
07/2007 12/2007 |
6 |
20.0% |
|
01/2008 06/2008 |
1 |
5.9% |
|
|
Total FY2008 |
7 |
14.9% |
|
|
41 to 50 |
07/2007 12/2007 |
2 |
6.7% |
|
01/2008 06/2008 |
2 |
11.8% |
|
|
Total FY2008 |
4 |
8.5% |
|
|
51 to 60 |
07/2007 12/2007 |
3 |
10.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
3 |
6.4% |
|
|
61 to 70 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
5.9% |
|
|
Total FY2008 |
1 |
2.1% |
|
|
71+ |
07/2007 12/2007 |
1 |
3.3% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
2.1% |
|
|
Average Age |
07/2007 12/2007 |
34.0 |
|
|
01/2008 06/2008 |
30.0 |
||
|
Total FY2008 |
32.0 |
|
Average Household Size |
07/2007 12/2007 |
2.5 |
|
01/2008 06/2008 |
2.4 |
|
|
Total FY2008 |
2.5 |
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 |
0.0% |
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 |
|
|
$2,604,783.00 |
$1,473,682.00 |
$4,078,465.00 |
|
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 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
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 |
22 |
$48,588.00 |
|
|
Total FY2008 |
22 |
$48,588.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$0.00 |
|
|
01/2008 6/2008 |
$2,208.55 |
||
|
Total FY2008 |
$2,208.55 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Multifamily Housing Bonds
No Multifamily Housing Bond Activity FY2008
|
TOTAL HOUSING PRODUCTION: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$48,588.00 |
$48,588.00 |
|
DEVELOPMENT FINANCE
|
Program |
Time Period |
No. Projects |
Project Amount |
Average Project Amount |
|
Bond Guaranty |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
Higher Education Facilities |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
Wastewater Revolving Loan Fund |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
Safe Drinking Water Revolving Loan Fund |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
State Facilities Financing |
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
|
|
Other (Special Projects, Interim Loans, Conduit Issues, Capital Access) |
07/2007 12/2007 |
4 |
$2,340.00 |
$585.00 |
|
01/2008 06/2007 |
1 |
$1,007.52 |
$1,007.52 |
|
|
Total FY2008 |
5 |
$3,347.52 |
$669.50 |
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$2,340.00 |
$1,007.52 |
$3,347.52 |
|
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
BOONE
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$2,607,123.00 |
$1,523,277.52 |
$4,130,400.52 |
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