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
HOT SPRING
Countyin Congressional District
4HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
3 |
$174,545.00 |
$58,181.67 |
$57,545.00 |
|
01/2008 06/2008 |
4 |
$304,022.00 |
$76,005.50 |
$75,957.50 |
|
Total FY2008 |
7 |
$478,567.00 |
$68,366.71 |
$66,751.25 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
0 (0.0%) |
|
01/2008 06/2008 |
3 (42.9%) |
|
Total FY2008 |
3 (30.0%) |
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 |
|
Bank of Little Rock Mortgage, Benton, AR |
0 |
$0.00 |
1 |
$88,609.00 |
1 |
$88,609.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
1 |
$57,545.00 |
0 |
$0.00 |
1 |
$57,545.00 |
|
Regions Mortgage, Benton, AR |
0 |
$0.00 |
2 |
$128,773.00 |
2 |
$128,773.00 |
|
Regions Mortgage, Little Rock, AR |
0 |
$0.00 |
1 |
$86,640.00 |
1 |
$86,640.00 |
|
Summit, Benton, AR |
2 |
$117,000.00 |
0 |
$0.00 |
2 |
$117,000.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
3 |
$174,545.00 |
|
01/2008 06/2008 |
4 |
$304,022.00 |
|
|
Total FY2008 |
7 |
$478,567.00 |
|
|
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 |
$57,545.00 |
|
01/2008 06/2008 |
4 |
$304,022.00 |
|
|
Total FY2008 |
5 |
$361,567.00 |
|
|
VA |
07/2007 12/2007 |
2 |
$117,000.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
2 |
$117,000.00 |
|
|
Conventional |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Rural Development |
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 |
3 |
$174,545.00 |
100.0% |
$43,704.60 |
$43,452.00 |
|
01/2008 06/2008 |
4 |
$304,022.00 |
100.0% |
$44,075.37 |
$47,545.26 |
|
|
Total FY2008 |
7 |
$478,567.00 |
100.0% |
$43,889.98 |
$45,498.63 |
|
|
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 |
1 |
33.3% |
|
01/2008 06/2008 |
2 |
50.0% |
|
|
Total FY2008 |
3 |
42.9% |
|
|
Female |
07/2007 12/2007 |
2 |
66.7% |
|
01/2008 06/2008 |
2 |
50.0% |
|
|
Total FY2008 |
4 |
57.1% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
1 |
14.3% |
|
|
23 to 30 |
07/2007 - 12/2007 |
3 |
100.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
4 |
57.1% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
50.0% |
|
|
Total FY2008 |
2 |
28.6% |
|
|
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 |
26.3 |
|
|
01/2008 06/2008 |
28.0 |
||
|
Total FY2008 |
27.2 |
|
Average Household Size |
07/2007 12/2007 |
1.3 |
|
01/2008 06/2008 |
2.3 |
|
|
Total FY2008 |
1.8 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
1 |
$4,265.00 |
$4,265.00 |
33.3% |
|
01/2008 06/2008 |
2 |
$8,129.00 |
$4,064.50 |
50.0% |
|
Total FY2008 |
3 |
$12,394.00 |
$4,131.33 |
42.9% |
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 |
|
Community Resources Technicians |
0 |
$0.00 |
1 |
$4,068.00 |
1 |
$4,068.00 |
|
Dream Makers |
1 |
$4,265.00 |
0 |
$0.00 |
1 |
$4,265.00 |
|
Family Service Agency |
0 |
$0.00 |
1 |
$4,061.00 |
1 |
$4,061.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
1 |
$4,265.00 |
|
01/2008 06/2008 |
2 |
$8,129.00 |
|
|
Total FY2008 |
3 |
$12,394.00 |
|
|
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 |
1 |
$4,265.00 |
100.0% |
$43,452.00 |
$43,452.00 |
|
01/2008 06/2008 |
2 |
$8,129.00 |
100.0% |
$40,605.48 |
$40,605.48 |
|
|
Total FY2008 |
3 |
$12,394.00 |
100.0% |
$42,028.74 |
$42,028.74 |
|
|
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 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
2 |
66.7% |
|
|
Female |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
33.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
1 |
33.3% |
|
|
23 to 30 |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
33.3% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
1 |
33.3% |
|
|
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 |
29.0 |
|
|
01/2008 06/2008 |
27.0 |
||
|
Total FY2008 |
28.0 |
|
Average Household Size |
07/2007 12/2007 |
1.0 |
|
01/2008 06/2008 |
2.0 |
|
|
Total FY2008 |
1.5 |
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 |
|
|
$178,810.00 |
$312,151.00 |
$490,961.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
N/A
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Total |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
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 |
$0.00 |
$0.00 |
|
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 |
1 |
$1,635,000.00 |
$1,635,000.00 |
|
|
Total FY2008 |
1 |
$1,635,000.00 |
$1,635,000.00 |
|
|
Higher Education Facilities |
07/2007 12/2007 |
1 |
$825,000.00 |
$825,000.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$825,000.00 |
$825,000.00 |
|
|
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 |
2 |
$1,435,000.00 |
$717,500.00 |
|
01/2008 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2008 |
2 |
$1,435,000.00 |
$717,500.00 |
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$2,260,000.00 |
$1,635,000.00 |
$3,895,000.00 |
|
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
HOT SPRING
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$2,438,810.00 |
$1,947,151.00 |
$4,385,961.00 |
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