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Congressional District 2

  1. Conway
  2. Faulkner
  3. Perry
  4. Pulaski
  5. Saline
  6. Van Buren
  7. White
  8. Yell

 

 

 

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

HOMEOWNERSHIP

Home-to-Own (H2O)

General Statistics

 

Time Period

No. Loans

Dollar Amount

Mean Loan Amount

Median Loan Amount

07/2007 – 12/2007

193

$17,952,531.00

$93,018.30

$88,500.00

01/2008 – 06/2008

202

$19,352,001.00

$95,801.99

$88,800.00

Total FY2008

395

$37,304,532.00

$94,441.85

$88,650.00

Loan Cancellation Rate – Total FY2008:

07/2007 – 12/2007

30 (13.5%)

01/2008 – 06/2008

60 (22.9%)

FY2008 Total

90 (18.6%)

Loans by Originator / Branch

7/1/07 - 12/31/07

1/1/08 - 6/30/08

TOTAL FY 2008

ORIGINATOR / BRANCH

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

First Home Mortgage, Jacksonville, AR

Pulaski

0

$0.00

3

$248,935.00

3

$248,935.00

White

1

$38,265.00

0

$0.00

1

$38,265.00

Subtotal

1

$38,265.00

3

$248,935.00

4

$287,200.00

First Security Bank of Conway, Conway, AR

Conway

1

$82,845.00

0

$0.00

1

$82,845.00

Faulkner

7

$755,080.00

6

$579,932.00

13

$1,335,012.00

Pulaski

0

$0.00

1

$81,357.00

1

$81,357.00

Yell

2

$111,727.00

0

$0.00

2

$111,727.00

Subtotal

10

$949,652.00

7

$661,289.00

17

$1,610,941.00

First Security, Searcy, AR

Faulkner

0

$0.00

1

$148,919.00

1

$148,919.00

Pulaski

3

$357,713.00

0

$0.00

3

$357,713.00

White

4

$317,105.00

12

$984,500.00

16

$1,301,605.00

Subtotal

7

$674,818.00

13

$1,133,419.00

20

$1,808,237.00

American Home Mortgage Corp, Little Rock, AR

Pulaski

1

$76,396.00

0

$0.00

1

$76,396.00

Arvest Mortgage Company, Lowell, AR

Conway

0

$0.00

1

$64,056.00

1

$64,056.00

Faulkner

3

$345,338.00

1

$109,137.00

4

$454,475.00

Pulaski

4

$402,047.00

6

$670,323.00

10

$1,072,370.00

Saline

0

$0.00

1

$147,784.00

1

$147,784.00

Subtotal

7

$747,385.00

9

$991,300.00

16

$1,738,685.00

Bank of Little Rock Mortgage, Benton, AR

Faulkner

0

$0.00

4

$451,323.00

4

$451,323.00

Pulaski

3

$330,914.00

7

$769,889.00

10

$1,100,803.00

Saline

1

$122,576.00

8

$934,192.00

9

$1,056,768.00

Subtotal

4

$453,490.00

19

$2,155,404.00

23

$2,608,894.00

Bank of Little Rock Mortgage, Conway, AR

Faulkner

0

$0.00

1

$123,523.00

1

$123,523.00

Bank of Little Rock Mortgage, Little Rock, AR

Pulaski

2

$169,882.00

1

$68,918.00

3

$238,800.00

Bank of Little Rock Mortgage, North Little Rock, AR

Faulkner

3

$237,000.00

0

$0.00

3

$237,000.00

Pulaski

6

$636,570.00

6

$490,525.00

12

$1,127,095.00

Saline

0

$0.00

2

$197,894.00

2

$197,894.00

White

2

$131,969.00

0

$0.00

2

$131,969.00

Subtotal

11

$1,005,539.00

8

$688,419.00

19

$1,693,958.00

Bank of the Ozarks, Little Rock, AR

Faulkner

3

$336,778.00

0

$0.00

3

$336,778.00

Pulaski

2

$195,966.00

1

$67,835.00

3

$263,801.00

Saline

1

$42,335.00

0

$0.00

1

$42,335.00

Yell

1

$159,500.00

0

$0.00

1

$159,500.00

Subtotal

7

$734,579.00

1

$67,835.00

8

$802,414.00

Benefit Bank,

Fort Smith, AR

Faulkner

0

$0.00

1

$105,052.00

1

$105,052.00

Elk Horn Bank Trust, Arkadelphia, AR

Faulkner

1

$94,000.00

0

$0.00

1

$94,000.00

Saline

1

$98,900.00

1

$110,999.00

2

$209,899.00

Subtotal

2

$192,900.00

1

$110,999.00

3

$303,899.00

First Arkansas Valley Bank, Russellville, AR

Faulkner

1

$144,850.00

0

$0.00

1

$144,850.00

First Financial Bank, Fort Smith, AR

Pulaski

1

$141,382.00

1

$135,429.00

2

$276,811.00

First Financial Bank, North Little Rock, AR

Faulkner

2

$218,260.00

0

$0.00

2

$218,260.00

Pulaski

2

$210,387.00

0

$0.00

2

$210,387.00

Subtotal

4

$428,647.00

0

$0.00

4

$428,647.00

First State Bank, Conway, AR

Faulkner

4

$452,330.00

1

$96,000.00

5

$548,330.00

Liberty Bank of Arkansas, Russellville, AR

Faulkner

0

$0.00

1

$90,782.00

1

$90,782.00

Pulaski

0

$0.00

1

$88,755.00

1

$88,755.00

Yell

10

$906,475.00

14

$1,189,059.00

24

$2,095,534.00

Subtotal

10

$906,475.00

16

$1,368,596.00

26

$2,275,071.00

Magna Bank, Little Rock, AR

Pulaski

2

$241,706.00

4

$284,960.00

6

$526,666.00

Saline

3

$336,518.00

0

$0.00

3

$336,518.00

Subtotal

5

$578,224.00

4

$284,960.00

9

$863,184.00

Metropolitan National Bank, Little Rock, AR

Faulkner

1

$158,746.00

1

$79,373.00

2

$238,119.00

Pulaski

5

$493,510.00

2

$147,831.00

7

$641,341.00

Saline

2

$142,382.00

1

$109,038.00

3

$251,420.00

Subtotal

8

$794,638.00

4

$336,242.00

12

$1,130,880.00

Moore Mortgage, Little Rock, AR

Pulaski

5

$540,619.00

8

$697,525.00

13

$1,238,144.00

Saline

2

$175,513.00

2

$169,932.00

4

$345,445.00

Subtotal

7

$716,132.00

10

$867,457.00

17

$1,583,589.00

National Bank of Arkansas, Little Rock, AR

Pulaski

3

$349,900.00

3

$400,000.00

6

$749,900.00

One Bank & Trust, Little Rock, AR

Pulaski

1

$83,200.00

1

$160,050.00

2

$243,250.00

Pulaski Mortgage Company, Conway, AR

Faulkner

7

$549,730.00

4

$483,730.00

11

$1,033,460.00

Perry

1

$65,629.00

1

$67,863.00

2

$133,492.00

Subtotal

8

$615,359.00

5

$551,593.00

13

$1,166,952.00

Pulaski Mortgage Company, Little Rock, AR

Faulkner

0

$0.00

1

$79,373.00

1

$79,373.00

Pulaski

24

$1,773,530.00

16

$1,301,934.00

40

$3,075,464.00

Saline

11

$1,050,704.00

7

$746,414.00

18

$1,797,118.00

Subtotal

35

$2,824,234.00

24

$2,127,721.00

59

$4,951,955.00

Pulaski Mortgage Company, Russellville, AR

Yell

2

$161,706.00

0

$0.00

2

$161,706.00

Regions Mortgage, Benton, AR

Pulaski

0

$0.00

3

$290,411.00

3

$290,411.00

Saline

5

$463,819.00

8

$666,801.00

13

$1,130,620.00

Subtotal

5

$463,819.00

11

$957,212.00

16

$1,421,031.00

Regions Mortgage, Little Rock, AR

Pulaski

1

$115,440.00

1

$99,216.00

2

$214,656.00

Regions Mortgage, Little Rock, AR

Pulaski

6

$626,670.00

9

$1,004,473.00

15

$1,632,143.00

Saline

2

$215,100.00

3

$324,500.00

5

$539,600.00

Subtotal

8

$841,770.00

12

$1,328,973.00

20

$2,170,743.00

Regions Mortgage, Searcy, AR

Pulaski

0

$0.00

1

$50,000.00

1

$50,000.00

Saline

0

$0.00

1

$143,876.00

1

$143,876.00

White

3

$265,814.00

12

$1,288,023.00

15

$1,553,837.00

Subtotal

3

$265,814.00

14

$1,481,899.00

17

$1,747,713.00

River Town Bank, Russellville, AR

Yell

6

$311,779.00

4

$239,125,00

10

$550,904.00

Simmons First Bank, Russellville, AR

Yell

3

$224,225.00

4

$325,550.00

7

$549,775.00

Simmons First National Bank, Pine Bluff

Faulkner

0

$0.00

1

$94,242.00

1

$94,242.00

Pulaski

0

$0.00

3

$257,431.00

3

$257,431.00

Subtotal

0

$0.00

4

$351,673.00

4

$351,673.00

Simmons First National Bank, Searcy, AR

White

8

$871,936.00

0

$0.00

8

$871,936.00

Summit Bank, Benton, AR

Saline

2

$149,640.00

0

$0.00

2

$149,640.00

Summit Bank, Conway, AR

Conway

0

$0.00

1

$51,196.00

1

$51,196.00

The Carroll Mortgage Company, Little Rock, AR

Faulkner

0

$0.00

1

$139,900.00

1

$139,900.00

Pulaski

5

$443,951.00

6

$639,991.00

11

$1,083,942.00

Saline

1

$79,373.00

1

$119,853.00

2

$199,226.00

Subtotal

6

$523,324.00

8

$899,744.00

14

$1,423,068.00

Telcoe Federal Credit Union, Little Rock, AR

Pulaski

1

$134,000.00

1

$120,448.00

2

$254,448.00

Saline

1

$112,113.00

1

$113,998.00

2

$226,111.00

Subtotal

2

$246,113.00

2

$234,446.00

4

$480,559.00

US Bank Home Mortgage, Little Rock, AR

Pulaski

4

$332,228.00

1

$111,550.00

5

$443,778.00

Saline

3

$253,237.00

0

$0.00

3

$253,237.00

Subtotal

7

$585,465.00

1

$111,550.00

8

$697,015.00

US Home Bank Mortgage, Bryant, AR

Pulaski

0

$0.00

3

$219,364.00

3

$219,364.00

Saline

1

$113,223.00

3

$182,041.00

4

$295,264.00

Subtotal

1

$113,223.00

6

$401,405.00

7

$514,628.00

Wells Fargo Home Mortgage, Unknown

Saline

0

$0.00

1

$67,446.00

1

$67,446.00

Loans by New / Existing

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY 2008

EXISTING OR NEW

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

Conway

1

$82,845.00

1

$64,056.00

2

$146,901.00

Faulkner

24

$2,242,428.00

18

$1,913,072.00

42

$4,155,500.00

Perry

1

$65,629.00

1

$67,863.00

2

$133,492.00

Pulaski

75

$6,845,550.00

82

$7,437,218.00

157

$14,282,768.00

Saline

28

$2,438,229.00

27

$2,460,323.00

55

$4,898,552.00

White

18

$1,625,089.00

23

$2,162,319.00

41

$3,787,408.00

Yell

24

$1,875,412.00

21

$1,769,359.00

45

$3,644,771.00

Subtotal

171

$15,175,182.00

173

$15,874,210.00

344

$31,049,392.00

New

Faulkner

8

$1,049,684.00

6

$668,214.00

14

$1,717,898.00

Pulaski

6

$810,461.00

8

$1,021,128.00

14

$1,831,589.00

Saline

8

$917,204.00

13

$1,574,445.00

51

$2,491,649.00

White

0

$0.00

1

$110,204.00

1

$110,204.00

Yell

0

$0.00

1

$103,800.00

1

$103,800.00

Subtotal

22

$2,777,349.00

29

$3,477,791.00

51

$6,255,140.00

Loans by Loan Type

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY 2008

LOAN TYPE

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Conventional

 

Faulkner

9

$850,295.00

4

$463,200.00

13

$1,313,495.00

Pulaski

29

$3,090,085.00

18

$2,066,482.00

47

$5,156,567.00

Saline

7

$625,100.00

4

$445,652.00

11

$1,070,752.00

White

1

$90,500.00

4

$369,204.00

5

$459,704.00

Yell

4

$206,619.00

3

$221,650.00

7

$428,269.00

Subtotal

50

$4,862,599.00

33

$3,566,188.00

83

$8,428,787.00

FHA

 

Conway

1

$82,845.00

0

$0.00

1

$82,845.00

Faulkner

21

$2,154,967.00

17

$1,747,714.00

38

$3,902,681.00

Perry

0

$0.00

1

$67,863.00

1

$67,863.00

Pulaski

52

$4,565,926.00

68

$5,895,401.00

120

$10,461,327.00

Saline

29

$2,730,333.00

35

$3,445,240.00

64

$6,175,573.00

White

3

$150,208.00

3

$211,026.00

6

$361,234.00

Yell

8

$741,969.00

6

$467,504.00

14

$1,209,473.00

Subtotal

114

$10,426,248.00

130

$11,834,748.00

244

$22,260,996.00

Rural Dev.

 

Conway

0

$0.00

1

$64,056.00

1

$64,056.00

Faulkner

2

$286,850.00

3

$370,372.00

5

$657,222.00

Perry

1

$65,629.00

0

$0.00

1

$65,629.00

Saline

0

$0.00

1

$143,876.00

1

$143,876.00

White

14

$1,384,381.00

17

$1,692,293.00

31

$3,076,674.00

Yell

11

$767,324.00

13

$1,184,005.00

24

$1,951,329.00

Subtotal

28

$2,504,184.00

35

$3,454,602.00

63

$5,958,786.00

VA

 

Pulaski

0

$0.00

4

$496,463.00

4

$496,463.00

Yell

1

$159,500.00

0

$0.00

1

$159,500.00

Subtotal

1

$159,500.00

4

$496,463.00

5

$655,963.00

Borrowers’ Profile

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

Faulkner

3

$374,275.00

2

$245,914.00

5

$620,189.00

Pulaski

45

$3,930,326.00

36

$3,122,308.00

81

$7,052,634.00

Saline

6

$648,532.00

5

$562,756.00

11

$1,211,288.00

White

1

$69,360.00

0

$0.00

1

$69,360.00

Yell

3

$348,050.00

7

$637,677.00

10

$985,727.00

Subtotal

58

$5,370,543.00

50

$4,568,655.00

108

$9,939,198.00

Non-Minority

Conway

1

$82,845.00

1

$64,056.00

2

$146,901.00

Faulkner

29

$2,917,837.00

22

$2,335,372.00

51

$5,253,209.00

Perry

1

$65,629.00

1

$67,863.00

2

$133,492.00

Pulaski

36

$3,725,685.00

54

$5,336,038.00

90

$9,061,723.00

Saline

30

$2,706,901.00

35

$3,472,012.00

65

$6,178,913.00

White

17

$1,555,729.00

24

$2,272,523.00

41

$3,828,252.00

Yell

21

$1,527,362.00

15

$1,235,482.00

36

$2,762,844.00

Subtotal

135

$12,581,988.00

152

$14,783,346.00

287

$27,365,334.00

7/1/2007-12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

COUNTY

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

Minority

Faulkner

$49,074.20

$53,847.12

$44,992.06

$44,992.06

$47,033.13

$49,419.59

Pulaski

$38,335.78

$41,196.24

$37,084.11

$36,193.14

$37,709.94

$38,694.69

Saline

$41,341.76

$38,041.20

$44,618.92

$52,680.00

$42,980.34

$45,360.60

White

$33,500.04

$33,500.04

$0.00

$0.00

$33,500.04

$33,500.04

Yell

$45,371.80

$52,272.00

$39,958.04

$43,051.92

$42,664.92

$47,660.96

Subtotal

$39,482.74

$41,473.32

$38,553.46

$39,689.52

$39,018.10

$40,581.42

Non-Minority

 

Conway

$31,548.00

$31,548.00

$37,843.08

$37,843.08

$31,548.00

$31,548.00

Faulkner

$38,429.58

$38,324.76

$39,318.07

$36,990.72

$38,873.82

$37,657.74

Perry

$28,104.00

$28,104.00

$56,595.72

$56,959.72

$42,349.86

$42,349.86

Pulaski

$37,210.75

$38,662.98

$40,385.73

$42,523.86

$38,798.24

$40,593.42

Saline

$33,734.69

$34,497.84

$36,601.22

$40,764.00

$35,167.96

$37,630.92

White

$33,083.77

$29,014.56

$41,289.59

$41,590.32

$37,186.68

$35,302.44

Yell

$36,709.80

$38,705.76

$34,142.12

$29,636.04

$36,925.96

$34,170.90

Subtotal

$35,993.11

$36,180.00

$38,976.26

$39,948.00

$37,484.68

$38,064.00

Gender of Head of Household

County

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

Faulkner

18

9.3%

7

3.4%

25

6.3%

Perry

1

0.5%

0

0.0%

1

0.2%

Pulaski

49

25.4%

53

26.2%

102

25.8%

Saline

18

9.3%

17

8.4%

35

8.8%

White

8

4.1%

6

2.9%

14

3.5%

Yell

8

4.1%

5

2.4%

13

3.2%

Subtotal

102

52.9%

88

43.5%

190

48.1%

Male

Conway

1

0.5%

1

0.5%

2

0.5%

Faulkner

14

7.3%

17

8.4%

31

7.8%

Pulaski

32

16.6%

36

17.8%

68

17.2%

Saline

18

9.3%

23

11.3%

41

10.3%

White

9

4.7%

16

7.9%

25

6.3%

Yell

16

8.3%

17

8.4%

33

8.3%

Subtotal

90

46.6%

110

54.4%

200

50.6%

Unknown

Perry

0

0.0%

1

0.5%

1

0.2%

Pulaski

1

0.5%

1

0.5%

2

0.5%

White

0

0.0%

2

0.9%

2

0.5%

Subtotal

1

0.5%

4

1.9%

5

1.2%

County

7/2007 - 12/2007 Average Age

1/2008 - 6/2008 Average Age

FY2008 TOTAL Average Age

Conway

23.0

26.0

24.5

Faulkner

31.9

27.9

29.9

Perry

22.0

26.0

24.0

Pulaski

33.5

35.6

34.5

Saline

30.8

33.2

32.0

White

32.7

33.0

32.8

Yell

34.0

39.1

36.5

CD Average

26.0

27.6

30.9

County

7/2007 - 12/2007 Average House Size

1/2008 - 6/2008 Average House Size

FY2008 Average House Size

Conway

4.0

2.0

3.0

Faulkner

1.9

2.5

2.2

Perry

2.0

2.0

2.0

Pulaski

2.1

2.0

2.1

Saline

2.1

2.2

2.1

White

2.4

2.7

2.5

Yell

3.0

2.8

2.9

CD Average

2.2

2.0

2.1

Down Payment Assistance Program (DPA)

General Statistics

 

Time Period

No. Loans

Dollar Amount

Mean Loan Amount

% of H2O Loans

07/2007 – 12/2007

77

$332,287.00

$4,315.42

39.9%

01/2008 – 06/2008

105

$450,871.00

$4,294.01

52.0%

Total FY2008

182

$783,158.00

$4,303.07

46.1%

Loans by Homebuyer Counselor

HOMEBUYER COUNSELOR

COUNTY

7/1/07 - 12/31/07

1/1/08- 6/30/08

TOTAL FY 2008

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Argenta

Pulaski

6

$26,635.00

5

$21,385.00

11

$48,020.00

Saline

4

$18,360.00

0

$0.00

4

$18,360.00

Subtotal

10

$44,995.00

5

$21,385.00

15

$66,380.00

ARVAC

Faulkner

7

$36,287.00

0

$0.00

7

$36,287.00

Pulaski

0

$0.00

1

$6,000.00

1

$6,000.00

Yell

3

$13,925.00

3

$11,250.00

6

$25,175.00

Subtotal

10

$50,212.00

4

$17,250.00

14

$67,462.00

Benton Public Housing Authority

Saline

0

$0.00

1

$3,258.00

1

$3,258.00

Black Community Development Program

Faulkner

0

$0.00

1

$6,000.00

1

$6,000.00

Pulaski

3

$11,721.00

6

$25,936.00

9

$37,657.00

Saline

1

$1,200.00

3

$13,900.00

4

$15,100.00

Subtotal

4

$12,921.00

10

$45,836.00

14

$58,757.00

Community Resources Technicians

Faulkner

5

$17,247.00

4

$18,132.00

9

$35,379.00

Pulaski

10

$44,826.00

16

$59,195.00

26

$104,021.00

Saline

2

$9,180.00

12

$50,761.00

14

$59,941.00

White

0

$0.00

2

$5,300.00

2

$5,300.00

Subtotal

17

$71,253.00

34

$133,388.00

51

$204,641.00

Dream Makers

Faulkner

1

$4,900.00

1

$5,545.00

2

$10,445.00

Pulaski

6

$22,561.00

10

$43,987.00

16

$66,548.00

Saline

1

$6,000.00

2

$10,700.00

3

$16,700.00

Subtotal

8

$33,461.00

13

$60,232.00

21

$93,693.00

Family Service Agency

Faulkner

1

$4,850.00

1

$6,000.00

2

$10,850.00

Pulaski

2

$7,310.00

5

$26,976.00

7

$34,286.00

Saline

3

$14,150.00

1

$6,000.00

4

$20,150.00

Subtotal

6

$26,310.00

7

$38,976.00

13

$65,286.00

In Affordable Housing

Faulkner

0

$0.00

1

$6,000.00

1

$6,000.00

Pulaski

7

$27,080.00

9

$34,152.00

16

$61,232.00

Saline

7

$30,365.00

6

$27,400.00

13

$57,765.00

White

0

$0.00

2

$3,395.00

2

$3,395.00

Subtotal

14

$57,445.00

18

$70,947.00

32

$128,392.00

Promise Land CDC

Pulaski

3

$9,900.00

0

$0.00

3

$9,900.00

Universal Housing

Faulkner

0

$0.00

1

$2,694.00

1

$2,694.00

Perry

0

$0.00

1

$6,000.00

1

$6,000.00

Pulaski

0

$0.00

1

$5,700.00

1

$5,700.00

Yell

5

$25,790.00

8

$33,705.00

13

$59,495.00

Subtotal

5

$25,790.00

11

$48,099.00

16

$73,899.00

Unknown

Faulkner

0

$0.00

1

$5,500.00

1

$5,500.00

Yell

0

$0.00

1

$6,000.00

1

$6,000.00

Subtotal

0

$0.00

2

$11,500.00

2

$11,500.00

Loans by New / Existing

EXISTING OR NEW

COUNTY

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY 2008

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

Faulkner

11

$46,944.00

8

$42,081.00

19

$89,025.00

Perry

0

$0.00

1

$6,000.00

1

$6,000.00

Pulaski

31

$119,908.00

48

$196,189.00

79

$316,097.00

Saline

13

$53,895.00

18

$81,361.00

31

$135,256.00

White

0

$0.00

4

$8,695.00

4

$8,695.00

Yell

8

$39,715.00

11

$44,955.00

19

$84,670.00

Subtotal

63

$260,462.00

90

$379,281.00

153

$639,743.00

New

Faulkner

3

$16,340.00

2

$7,790.00

5

$24,130.00

Pulaski

6

$30,125.00

5

$27,142.00

11

$57,267.00

Saline

5

$25,360.00

7

$30,658.00

12

$56,018.00

Yell

0

$0.00

1

$6,000.00

1

$6,000.00

Subtotal

14

$71,825.00

15

$71,590.00

29

$143,415.00

Borrowers’ Profile

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

 

Faulkner

2

$10,900.00

1

$6,000.00

3

$16,900.00

Pulaski

23

$89,905.00

21

$96,814.00

44

$186,719.00

Saline

2

$12,000.00

3

$16,790.00

5

$28,790.00

Yell

3

$16,040.00

5

$24,655.00

8

$40,695.00

Subtotal

30

$128,845.00

30

$144,259.00

60

$273,104.00

Non-Minority

 

Faulkner

12

$52,384.00

9

$43,871.00

21

$96,255.00

Perry

0

$0.00

1

$6,000.00

1

$6,000.00

Pulaski

14

$60,128.00

32

$126,517.00

46

$186,645.00

Saline

16

$67,255.00

22

$95,229.00

38

$162,484.00

White

0

$0.00

4

$8,695.00

4

$8,695.00

Yell

5

$23,675.00

7

$26,300.00

12

$49,975.00

Subtotal

47

$203,442.00

75

$306,612.00

122

$510,054.00

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

COUNTY

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

Minority

Faulkner

$55,173.42

$55,173.42

$45,714.84

$45,714.84

$50,444.13

$50,444.13

Pulaski

$45,933.52

$48,264.00

$42,013.58

$40,312.00

$43,973.55

$88,576.00

Saline

$54,947.40

$54,947.40

$60,635.28

$63,600.00

$57,791.34

$59,273.70

Yell

$45,371.80

$52,272.00

$40,663.68

$45,016.44

$43,017.74

$48,644.22

Subtotal

$51,429.47

$52,616.76

$43,774.14

$45,365.64

$47,601.81

$48,991.20

Non-Minority

 

Faulkner

$35,930.14

$37,283.88

$47,614.96

$46,872.36

$41,772.53

$42,078.12

Perry

$0.00

$0.00

$56,595.72

$56,595.72

$56,595.72

$56,595.72

Pulaski

$44,228.78

$42,928.00

$41,954.08

$44,853.54

$43,091.43

$43,890.77

Saline

$37,695.83

$35,207.16

$46,454.14

$46,998.08

$42,074.99

$41,102.62

White

$0.00

$0.00

$39,566.70

$39,865.74

$49,566.70

$39,865.74

Yell

$34,802.59

$33,030.00

$30,598.34

$25,923.12

$32,700.47

$32,865.24

Subtotal

$38,883.21

$41,914.44

$42,961.48

$44,853.59

$40,922.35

$43,383.99

Gender of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Gender

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

Faulkner

9

11.7%

2

1.9%

11

6.0%

Pulaski

19

24.7%

32

30.5%

51

28.0%

Saline

6

7.8%

10

9.5%

16

8.8%

White

0

0.0%

1

0.1%

1

0.5%

Yell

2

2.6%

3

2.9%

5

2.7%

CD Total

36

46.8%

48

45.7%

84

46.2%

Male

Faulkner

5

6.5%

8

7.6%

13

7.1%

Pulaski

17

22.1%

21

20.0%

38

20.9%

Saline

12

15.6%

15

14.3%

27

14.8%

White

0

0.0%

3

2.9%

3

1.6%

Yell

6

7.8%

9

8.6%

15

8.2%

Subtotal

40

51.9%

56

53.3%

96

52.7%

Unknown

Perry

0

0.0%

1

0.1%

1

0.5%

Pulaski

1

1.3%

0

0.0%

1

0.5%

Subtotal

1

1.3%

1

0.1%

2

1.1%

Average Age of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Age

Average Age

Average Age

Faulkner

29.1

29.2

29.2

Perry

0.0

26.0

26.0

Pulaski

33.1

36.2

34.7

Saline

28.7

30.3

29.5

White

37.0

37.3

37.2

Yell

37.0

34.1

32.9

CD Total

33.0

32.2

31.6

Average Size of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Age

Average Age

Average Age

Faulkner

1.6

2.8

2.2

Perry

0.0

2.0

2.0

Pulaski

2.2

1.9

2.1

Saline

2.2

2.3

2.3

White

0.0

2.8

2.8

Yell

3.0

3.0

3.0

CD Total

1.8

2.5

2.2

 

American Dream Downpayment Initiative (ADDI) Program

General Statistics

 

Time Period

No. Loans

Dollar Amount

Mean Loan Amount

% of H2O Loans

07/2007 – 12/2007

40

$253,059.62

$6,326.49

20.7%

01/2008 – 06/2008

43

$243,317.00

$5,658.53

21.3%

Total FY2008

83

$496,376.62

$5,980.44

21.0%

 

Loans by Homebuyer Counselor

7/1/07- 12/31/07

1/1/08- 6/30/08

TOTAL FY 2008

HOMEBUYER COUNSELOR

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Argenta

Faulkner

1

$6,200.00

0

$0.00

1

$6,200.00

Pulaski

1

$7,486.00

2

$11,500.00

3

$18,986.00

Saline

2

$15,690.00

0

$0.00

2

$15,690.00

Subtotal

4

$29,376.00

2

$11,500.00

6

$40,876.00

ARVAC

Faulkner

4

$20,413.39

3

$19,400.00

7

$39,813.39

Black Community Development Program

Pulaski

0

$0.00

3

$18,446.00

3

$18,446.00

Saline

1

$7,588.00

0

$0.00

1

$7,588.00

Subtotal

1

$7,588.00

3

$18,446.00

4

$26,034.00

Community Resources Technicians

Faulkner

1

$7,247.00

0

$0.00

1

$7,247.00

Pulaski

4

$26,722.00

7

$41,854.00

11

$68,576.00

Saline

4

$24,922.23

4

$15,932.00

8

$40,854.23

Subtotal

9

$58,891.23

11

$57,786.00

20

$116,677.32

Credit Counseling of Arkansas

Faulkner

1

$7,340.00

0

$0.00

1

$7,340.00

Dream Makers

Pulaski

3

$15,958.00

3

$11,481.00

6

$27,439.00

Family Service Agency

Faulkner

2

$13,494.00

4

$24,509.00

6

$38,003.00

Pulaski

2

$13,730.00

0

$0.00

2

$13,730.00

Saline

2

$11,070.00

1

$8,200.00

3

$19,270.00

Subtotal

6

$38,294.00

5

$32,709.00

11

$71,003.00

In Affordable Housing

Pulaski

2

$8,772.00

5

$34,861.00

7

$43,633.00

Saline

3

$21,217.00

4

$22,460.00

7

$43,677.00

White

3

$14,403.00

2

$7,969.00

5

$22,372.00

Subtotal

8

$44,392.00

11

$65,290.00

19

$109,682.00

One Stop Homeowner’s Center

Pulaski

1

$5,591.00

0

$0.00

1

$5,591.00

Promise Land CDC

Conway

0

$0.00

1

$4,860.00

1

$4,860.00

Pulaski

2

$17,626.00

0

$0.00

2

$17,626.00

Subtotal

2

$17,626.00

1

$4,860.00

3

$22,486.00

Universal Housing

Conway

0

$0.00

1

$6,000.00

1

$6,000.00

Yell

1

$7,590.00

0

$0.00

1

$7,590.00

Subtotal

1

$7,590.00

1

$6,000.00

2

$13,590.00

Unknown

Saline

0

$0.00

1

$4,320.00

1

$4,320.00

Loans by New / Existing

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY 2008

EXISTING OR NEW

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

 

Conway

0

$0.00

1

$6,000.00

1

$6,000.00

Faulkner

7

$43,924.39

7

$41,459.00

14

$85,383.39

Pulaski

14

$87,846.00

19

$112,142.00

33

$199,988.00

Saline

11

$70,487.23

10

$46,057.00

21

$116,544.23

White

2

$7,023.00

2

$7,969.00

4

$14,992.00

Yell

1

$7,590.00

0

$0.00

1

$7,590.00

Subtotal

35

$216,870.62

39

$213,627.00

74

$430,497.62

New

 

Faulkner

2

$10,770.00

1

$7,310.00

3

$18,080.00

Pulaski

1

$8,039.00

1

$6,000.00

2

$14,039.00

Saline

1

$10,000.00

2

$16,380.00

3

$26,380.00

White

1

$7,380.00

0

$0.00

1

$7,380.00

Subtotal

5

$36,189.00

4

$29,690.00

9

$65,879.00

Borrowers’ Profile

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

Faulkner

2

$13,494.00

1

$8,213.00

3

$21,707.00

Pulaski

6

$40,621.00

10

$55,083.00

16

$95,704.00

Saline

5

$35,227.23

4

$20,768.00

9

$55,995.23

Subtotal

13

$89,342.23

15

$84,064.00

28

$173,406.23

Non-Minority

 

Conway

0

$0.00

1

$6,000.00

1

$6,000.00

Faulkner

7

$41,200.39

7

$40,556.00

14

$81,756.39

Pulaski

9

$55,264.00

10

$63,059.00

19

$118,323.00

Saline

7

$45,260.00

8

$41,669.00

15

$86,929.00

White

3

$14,403.00

2

$7,969.00

5

$22,372.00

Yell

1

$7,590.00

0

$0.00

1

$7,590.00

Subtotal

27

$163,717.39

28

$159,253.00

55

$322,970.39

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

COUNTY

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

Minority

 

Faulkner

$31,935.60

$31,935.60

$44,129.28

$44,129.28

$38,032.44

$38,032.44

Pulaski

$31,334.76

$31,268.58

$27,034.22

$27,777.54

$29,184.49

$29,523.06

Saline

$28,664.04

$30,258.72

$25,029.78

$29,465.16

$26,846.91

$29,861.94

Subtotal

$30,399.99

$30,258.42

$27,639.38

$33,790.66

$29,019.69

$32,024.54

Non-Minority

 

Conway

$0.00

$0.00

$31,548.00

$31,548.00

$31,548.00

$31,548.00

Faulkner

$26,118.03

$32,128.56

$29,887.23

$30,132.00

$28,002.63

$31,130.28

Pulaski

$23,517.77

$22,620.00

$29,171.87

$29,116.20

$26,344.82

$25,868.10

Saline

$29,419.18

$25,128.00

$26,364.98

$25,770.42

$27,892.08

$25,449.21

White

$22,659.36

$23,061.48

$28,282.56

$28,282.56

$25,470.96

$25,672.02

Yell

$17,139.12

$17,139.12

$0.00

$0.00

$17,139.12

$17,139.12

Subtotal

$24,300.68

$24,196.20

$28,570.08

$26,969.83

$26,435.38

$25,583.02

Gender of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Gender

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

Faulkner

5

12.5%

3

7.0%

8

9.6%

Pulaski

8

20.0%

13

30.2%

21

25.3%

Saline

4

10.0%

7

16.3%

11

13.3%

White

1

2.5%

2

4.7%

3

3.6%

Yell

1

2.5%

0

0.0%

1

1.2%

CD Total

19

47.5%

25

58.1%

44

53.0%

Male

Conway

0

0.0%

1

2.3%

1

1.2%

Faulkner

4

10.0%

5

11.6%

9

10.8%

Pulaski

6

15.0%

5

11.6%

11

13.3%

Saline

8

20.0%

5

11.6%

13

15.7%

White

2

5.0%

0

0.0%

2

2.4%

CD Total

20

50.0%

16

37.2%

36

43.4%

Unknown

Pulaski

1

2.5%

2

4.7%

3

3.6%

Average Age of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Age

Average Age

Average Age

Conway

0.0

23.0

23.0

Faulkner

31.2

28.2

29.7

Pulaski

29.9

30.4

30.1

Saline

34.0

38.5

36.3

White

38.7

24.0

31.4

Yell

24.0

0.0

24.0

CD Total

31.6

28.8

29.1

Average Size of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Age

Average Age

Average Age

Conway

0.0

4.0

4.0

Faulkner

2.4

2.1

2.3

Pulaski

2.0

2.0

2.0

Saline

2.1

2.4

2.3

White

1.7

2.5

2.1

Yell

1.0

0.0

1.0

CD Total

1.8

2.6

2.3

TOTAL HOMEOWNERSHIP:

 

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$18,537,877.62

$20,046,189.00

$38,584,066.62

 

HOUSING PRODUCTION (HP)

Program Partners and / or Participants FY2008:

NAME

Counties in Cong. District Served

  • ParkRidge @ Conway III LP

Faulkner

  • RichSmith Development LLC

Faulkner & Pulaski

  • City of Jacksonville

Pulaski

  • Villas of North Little Rock, LP

Pulaski

  • White River Regional Housing Authority

White

 

HOME Allocations / Board Approvals by Type

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Type

County

No. Units

Dollar Amount

No. Units

Dollar Amount

No. Units

Dollar Amount

Acquisition Rehab

0

$0.00

0

$0.00

0

$0.00

Rental New Construction

0

$0.00

0

$0.00

0

$0.00

Rental Rehab

Faulkner

0

$0.00

10

$400,000.00

10

$400,000.00

Homeowners’ Rehab

Pulaski

0

$0.00

10

$400,000.00

10

$400,000.00

Tenant Based Rental Assistance

White

21

$66,667.00

0

$0.00

21

$66,667.00

FY2008 TOTAL CD 2

21

$66,667.00

20

$800,000.00

41

$866,667.00

Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)

County

No. Units

Federal Fund Dollar Amount

State Funds Dollar Amount

Total Dollar Amount

Faulkner

38

$400,000.00

$0.00

$800,000.00

Pulaski

38

$400,000.00

$0.00

$800,000.00

Total CD 2

76

$800,000.00

$0.00

$1,600,000.00

Multifamily Housing Bonds

No Multifamily Housing Bond Program Activity FY2008

TOTAL HOUSING PRODUCTION:

 

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$66,667.00

$1,600,000.00

$1,666,667.00

DEVELOPMENT FINANCE

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Type

County

No. Projects

Dollar Amount

No. Projects

Dollar Amount

No. Projects

Dollar Amount

Average Per Unit

Bond Guaranty

Pulaski

0

$0.00

1

$6,000,000.00

1

$6,000,000.00

$6,000,000.00

Higher Education Facilities

0

$0.00

0

$0.00

0

$0.00

$0.00

Other

Pulaski

2

$13,100,000.00

0

$0.00

2

$13,100,000.00

$6,550,000.00

Safe Drinking Water Revolving Loan Fund

Pulaski

1

$450,000.00

0

$0.00

1

$450,000.00

$450,000.00

White

0

$0.00

1

$1,500,000.00

1

$1,500,000.00

$1,500,000.00

Subtotal

1

$450,000.00

1

$1,500,000.00

2

$1,950,000.00

$975,000.00

State Facilities Financing

Pulaski

2

$3,910,000.00

0

$0.00

2

$3,910,000.00

$1,955,000.00

Wastewater Revolving Loan Fund

Pulaski

1

$18,000,000.00

0

$0.00

1

$18,000,000.00

$18,000,000.00

Saline

0

$0.00

1

$800,000.00

1

$800,000.00

$800,000.00

Subtotal

1

$18,000,000.00

1

$800,000.00

2

$18,800,000.00

$9,400,000.00

 

DEVELOPMENT FINANCE:

 

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$35,460,000

$8,300,000.00

$43,760,000.00

 

OTHER PROGRAM(S)

Rehab / Disability Loan Program

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

County

No. Loans

Dollar Amount

No. Loans

Dollar Amount

No. Loans

Dollar Amount

Average Per Unit

Pulaski

2

$34,100.00

1

$23,837.00

3

$57,937.00

$19,312.33

 

TOTAL FUNDS FOR

congressional district 2

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$54,098,644.62

$29,970,026.00

$84,068,670.62

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