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
CARROLL
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 |
4 |
$324,240.00 |
$81,060.00 |
$79,920.00 |
|
01/2008 06/2008 |
2 |
$241,000.00 |
$120,500.00 |
$120,500.00 |
|
Total FY2008 |
6 |
$565,240.00 |
$94,206.66 |
$100,210.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
0 (0.0%) |
|
01/2008 06/2008 |
0 (0.0%) |
|
FY2008 Total |
0 (0.0%) |
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 |
|
Arvest Mortgage Company, Lowell, AR |
3 |
$254,840.00 |
0 |
$0.00 |
3 |
$254,840.00 |
|
Community First Bank, Harrison, AR |
1 |
$69,400.00 |
2 |
$241,000.00 |
3 |
$310,400.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
4 |
$324,240.00 |
|
01/2008 06/2008 |
2 |
$241,000.00 |
|
|
Total FY2008 |
6 |
$565,240.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
1 |
$69,400.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$69,400.00 |
|
|
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 |
2 |
$171,200.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
2 |
$171,200.00 |
|
|
Rural Development |
07/2007 12/2007 |
1 |
$83,640.00 |
|
01/2008 06/2008 |
2 |
$241,000.00 |
|
|
Total FY2008 |
3 |
$324,640.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
3 |
$254,840.00 |
75.0% |
$41,385.20 |
$41,523.60 |
|
01/2008 06/2008 |
2 |
$241,000.00 |
100.0% |
$47,339.46 |
$47,339.46 |
|
|
Total FY2008 |
5 |
$495,840.00 |
83.3% |
$44,362.33 |
$44,431.53 |
|
|
Minority |
07/2007 12/2007 |
1 |
$69,400.00 |
25.0% |
$24,792.00 |
$24,792.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$69,400.00 |
16.7% |
$24,792.00 |
$24,792.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
1 |
25.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
3 |
50.0% |
|
|
Female |
07/2007 12/2007 |
3 |
75.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
3 |
50.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
1 |
25.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
2 |
37.5% |
|
|
23 to 30 |
07/2007 - 12/2007 |
1 |
25.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
16.7% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
25.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
16.7% |
|
|
41 to 50 |
07/2007 12/2007 |
1 |
25.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
2 |
37.5% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
61 to 70 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Average Age |
07/2007 12/2007 |
32.2 |
|
|
01/2008 06/2008 |
34.0 |
||
|
Total FY2008 |
33.1 |
|
Average Household Size |
07/2007 12/2007 |
2.5 |
|
01/2008 06/2008 |
3.0 |
|
|
Total FY2008 |
2.8 |
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 |
1 |
$5,630.00 |
$5,630.00 |
50.0% |
|
Total FY2008 |
1 |
$5,630.00 |
$5,630.00 |
16.7% |
Loans by Homebuyer Counselor
|
7/1/07 - 12/31/07 |
1/1/08 - 6/30/08 |
TOTAL FY 2008 |
||||
|
HOMEBUYER COUNSELOR |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
EOA of Washington County |
0 |
$0.00 |
1 |
$5,630.00 |
1 |
$5,630.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$5,630.00 |
|
|
Total FY2008 |
1 |
$5,630.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-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 |
|
|
Minority |
07/2007 12/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
1 |
$5,630.00 |
100.0% |
$24,792.00 |
$24,792.00 |
|
|
Total FY2008 |
1 |
$5,630.00 |
100.0% |
$24,792.00 |
$24,792.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
1 |
100.0% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
23 to 30 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
1 |
100.0% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
61 to 70 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Average Age |
07/2007 12/2007 |
N/A |
|
|
01/2008 06/2008 |
40.0 |
||
|
Total FY2008 |
40.0 |
|
Average Household Size |
07/2007 12/2007 |
N/A |
|
01/2008 06/2008 |
3.0 |
|
|
Total FY2008 |
3.0 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$324,240.00 |
$246,630.00 |
$570,870.00 |
|
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 |
3 |
$92,300.00 |
|
|
Total FY2008 |
3 |
$92,300.00 |
|
|
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 |
25 |
$140,888.00 |
|
|
Total FY2008 |
25 |
$140,888.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$0.00 |
|
|
01/2008 6/2008 |
$5,635.52 |
||
|
Total FY2008 |
$5,635.52 |
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 |
$140,888.00 |
$140,888.00 |
|
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
CARROLL
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$324,240.00 |
$387,518.00 |
$711,758.00 |
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