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
Yell
Countyin Congressional District
2HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
24 |
$1,875,412.00 |
$78,142.17 |
$70,200.00 |
|
01/2008 06/2008 |
22 |
$1,873,159.00 |
$85,143.59 |
$77,885.50 |
|
Total FY2008 |
46 |
$3,748.571.00 |
$81,490.67 |
$74,042.75 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
4 (14.3%) |
|
01/2008 06/2008 |
3 (12.0%) |
|
FY2008 Total |
7 (13.2%) |
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 the Ozarks, Little Rock, AR |
1 |
$159,500.00 |
0 |
$0.00 |
1 |
$159,500.00 |
|
First Security Bank, Conway, AR |
2 |
$111,727.00 |
0 |
$0.00 |
2 |
$111,727.00 |
|
Liberty Bank, Russellville, AR |
10 |
$906,475.00 |
14 |
$1,189,059.00 |
24 |
$2,095,534.00 |
|
Pulaski Mortgage Company, Russellville, AR |
2 |
$161,706.00 |
0 |
$0.00 |
2 |
$161,706.00 |
|
River Town Bank, Russellville, AR |
6 |
$311,779.00 |
4 |
$358,550.00 |
10 |
$670,329.00 |
|
Simmons First Bank, Russellville, AR |
3 |
$224,225.00 |
4 |
$325,550.00 |
7 |
$549,775.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
24 |
$1,875,412.00 |
|
01/2008 06/2008 |
21 |
$1,769,359.00 |
|
|
Total FY2008 |
45 |
$3,644,771.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$103,800.00 |
|
|
Total FY2008 |
1 |
$103,800.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
8 |
$741,969.00 |
|
01/2008 06/2008 |
6 |
$467,504.00 |
|
|
Total FY2008 |
14 |
$1,209,473.00 |
|
|
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 |
4 |
$206,619.00 |
|
01/2008 06/2008 |
3 |
$221,650.00 |
|
|
Total FY2008 |
7 |
$428,269.00 |
|
|
Rural Development |
07/2007 12/2007 |
12 |
$926,824.00 |
|
01/2008 06/2008 |
13 |
$1,184,005.00 |
|
|
Total FY2008 |
25 |
$2,110,829.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
21 |
$1,527,362.00 |
87.5% |
$36,709.90 |
$38,705.76 |
|
01/2008 06/2008 |
15 |
$1,235,482.00 |
68.2% |
$34,142.12 |
$29,636.04 |
|
|
Total FY2008 |
36 |
$2,762,844.00 |
78.3% |
$35,426.01 |
$34,160.90 |
|
|
Minority |
07/2007 12/2007 |
3 |
$348,050.00 |
12.5% |
$45,371.80 |
$52,272.00 |
|
01/2008 06/2008 |
7 |
$637,677.00 |
31.8% |
$39,958.04 |
$43,051.92 |
|
|
Total FY2008 |
10 |
$985,727.00 |
21.7% |
$42,664.92 |
$47,661.96 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
16 |
66.7% |
|
01/2008 06/2008 |
17 |
77.3% |
|
|
Total FY2008 |
33 |
71.7% |
|
|
Female |
07/2007 12/2007 |
8 |
33.3% |
|
01/2008 06/2008 |
5 |
22.7% |
|
|
Total FY2008 |
13 |
28.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
3 |
12.5% |
|
01/2008 06/2008 |
1 |
4.5% |
|
|
Total FY2008 |
4 |
8.7% |
|
|
23 to 30 |
07/2007 - 12/2007 |
10 |
41.7% |
|
01/2008 06/2008 |
9 |
40.9% |
|
|
Total FY2008 |
19 |
41.3% |
|
|
31 to 40 |
07/2007 12/2007 |
4 |
16.7% |
|
01/2008 06/2008 |
4 |
18.2% |
|
|
Total FY2008 |
8 |
17.4% |
|
|
41 to 50 |
07/2007 12/2007 |
5 |
20.8% |
|
01/2008 06/2008 |
2 |
9.1% |
|
|
Total FY2008 |
7 |
15.2% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
4.2% |
|
01/2008 06/2008 |
4 |
18.2% |
|
|
Total FY2008 |
5 |
10.9% |
|
|
61 to 70 |
07/2007 12/2007 |
1 |
4.2% |
|
01/2008 06/2008 |
1 |
4.5% |
|
|
Total FY2008 |
2 |
4.3% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
4.5% |
|
|
Total FY2008 |
1 |
2.2% |
|
|
Average Age |
07/2007 12/2007 |
34.0 |
|
|
01/2008 06/2008 |
39.1 |
||
|
Total FY2008 |
36.6 |
|
Average Household Size |
07/2007 12/2007 |
3.0 |
|
01/2008 06/2008 |
2.9 |
|
|
Total FY2008 |
3.0 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
8 |
$39,715.00 |
$4,964.38 |
33.3% |
|
01/2008 06/2008 |
12 |
$50,955.00 |
$4,246.25 |
54.5% |
|
Total FY2008 |
20 |
$90,670.00 |
$4,533.50 |
43.5% |
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 |
|
ARVAC |
3 |
$13,925.00 |
3 |
$11,250.00 |
6 |
$25,175.00 |
|
Universal Housing |
5 |
$25,790.00 |
8 |
$33,705.00 |
13 |
$59,495.00 |
|
Unknown |
0 |
$0.00 |
1 |
$6,000.00 |
1 |
$6,000.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
8 |
$39,715.00 |
|
01/2008 06/2008 |
11 |
$44,955.00 |
|
|
Total FY2008 |
19 |
$84,670.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$6,000.00 |
|
|
Total FY2008 |
1 |
$6,000.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
5 |
$23,675.00 |
62.5% |
$34,802.59 |
$33,030.00 |
|
01/2008 06/2008 |
7 |
$26,300.00 |
58.3% |
$30,598.83 |
$25,923.13 |
|
|
Total FY2008 |
12 |
$49,975.00 |
60.0% |
$32,700.71 |
$29,476.57 |
|
|
Minority |
07/2007 12/2007 |
3 |
$16,040.00 |
37.5% |
$45,371.80 |
$52,272.00 |
|
01/2008 06/2008 |
5 |
$24,655.00 |
41.7% |
$40,663.68 |
$45,016.44 |
|
|
Total FY2008 |
8 |
$40,695.00 |
40.0% |
$43,017.74 |
$48,644.22 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
6 |
75.0% |
|
01/2008 06/2008 |
9 |
75.0% |
|
|
Total FY2008 |
15 |
75.0% |
|
|
Female |
07/2007 12/2007 |
2 |
25.0% |
|
01/2008 06/2008 |
3 |
25.0% |
|
|
Total FY2008 |
5 |
25.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
1 |
12.5% |
|
01/2008 06/2008 |
1 |
8.3% |
|
|
Total FY2008 |
2 |
10.0% |
|
|
23 to 30 |
07/2007 12/2007 |
2 |
25.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
10.0% |
|
|
31 to 40 |
07/2007 12/2007 |
2 |
25.0% |
|
01/2008 06/2008 |
2 |
16.7% |
|
|
Total FY2008 |
4 |
20.0% |
|
|
41 to 50 |
07/2007 12/2007 |
2 |
25.0% |
|
01/2008 06/2008 |
1 |
8.3% |
|
|
Total FY2008 |
3 |
15.0% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
12.5% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
5.0% |
|
|
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 |
37.0 |
|
|
01/2008 06/2008 |
35.3 |
||
|
Total FY2008 |
36.1 |
|
Average Household Size |
07/2007 12/2007 |
3.0 |
|
01/2008 06/2008 |
3.0 |
|
|
Total FY2008 |
3.0 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
1 |
$1,750.00 |
$1,750.00 |
4.2% |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2008 |
1 |
$1,750.00 |
$1,750.00 |
2.2% |
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 |
|
Universal Housing |
1 |
$1,750.00 |
0 |
$0.00 |
1 |
$1,750.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
1 |
$1,750.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$1,750.00 |
|
|
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 |
$1,750.00 |
100.0% |
$17,139.12 |
$17,139.12 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$1,750.00 |
100.0% |
$17,139.12 |
$17,139.12 |
|
|
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 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Female |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
100.0% |
|
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 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
100.0% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
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 |
24.0 |
|
|
01/2008 06/2008 |
0.0 |
||
|
Total FY2008 |
24.0 |
|
Average Household Size |
07/2007 12/2007 |
1.0 |
|
01/2008 06/2008 |
0.0 |
|
|
Total FY2008 |
1.0 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$1,916,877.00 |
$1,924,114.00 |
$3,840,991.00 |
|
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 Program Activity FY2008
|
TOTAL HOUSING PRODUCTION: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
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
Yell
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$1,916,877.00 |
$1,924,114.00 |
$3,840,991.00 |
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