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Congressional District 3

  1. Benton
  2. Boone
  3. Carroll
  4. Crawford
  5. Franklin
  6. Johnson
  7. Madison
  8. Marion
  9. Newton
  10. Pope
  11. Sebastian
  12. Washington

 

 

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

331

$30,705,964.00

$92,767.26

$88,609.00

01/2008 – 06/2008

268

$24,272,362.00

$90,568.51

$87,442.00

Total FY2008

599

$54,978,326.00

$91,783.52

$88,025.50

Loan Cancellation Rate – Total FY2008:

07/2007 – 12/2007

28 (7.8%)

01/2008 – 06/2008

55 (17.0%)

FY2008 Total

83 (12.2%)

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 National Bank, Mountain Home, AR

Boone

1

$84,000.00

0

$0.00

1

$84,000.00

ANB Financial, N.A., Rogers, AR

Washington

1

$104,958.00

0

$0.00

1

$104,958.00

Arvest Mortgage Company, Lowell, AR

Benton

33

$3,695,031.00

15

$1,704,444.00

48

$5,399,475.00

Carroll

1

$69,400.00

0

$0.00

1

$69,400.00

Crawford

5

$356,668.00

13

$1,271,861.00

18

$1,628,529.00

Johnson

0

$0.00

1

$49,129.00

1

$49,129.00

Marion

0

$0.00

1

$77,112.00

1

$77,112.00

Pope

3

$331,339.00

1

$70,278.00

4

$401,617.00

Sebastian

14

$1,242,057.00

14

$1,108,598.00

28

$2,350,655.00

Washington

12

$1,326,015.00

8

$824,420.00

20

$2,150,435.00

Subtotal

68

$7,020,510.00

53

$5,105,842.00

121

$12,126,352.00

BancorpSouth, Fort Smith, AR (484)

Crawford

0

$0.00

5

$336,542.00

5

$336,542.00

Sebastian

3

$236,240.00

7

$420,087.00

10

$656,327.00

Subtotal

3

$236,240.00

12

$756,629.00

15

$992,869.00

BancorpSouth, Fort Smith, AR (646)

Crawford

0

$0.00

1

$84,671.00

1

$84,671.00

Sebastian

0

$0.00

1

$88,812.00

1

$88,812.00

Subtotal

0

$0.00

2

$173,483.00

2

$173,483.00

BancorpSouth, Fort Smith, AR (785)

Crawford

7

$668,468.00

1

$56,535.00

8

$725,003.00

Sebastian

10

$661,818.00

5

$360,226.00

15

$1,022,044.00

Subtotal

17

$1,330,286.00

6

$416,761.00

23

$1,747,047.00

BancorpSouth, Van Buren, AR

Crawford

0

$0.00

1

$59,033.00

1

$59,033.00

Bank of American, Little Rock, AR

Washington

0

$0.00

1

$57,084.00

1

$57,084.00

Bank of Arkansas Mortgage Group, Bentonville, AR

Benton

0

$0.00

1

$99,600.00

1

$99,600.00

Washington

0

$0.00

1

$80,733.00

1

$80,733.00

Subtotal

0

$0.00

2

$180,333.00

2

$180,133.00

Bank of the Ozarks, Little Rock, AR

Benton

4

$477,258.00

0

$0.00

4

$477,258.00

Marion

1

$70,542.00

3

$252,552.00

4

$323,094.00

Pope

1

$135,000.00

0

$0.00

1

$135,000.00

Washington

2

$257,156.00

0

$0.00

2

$257,156.00

Subtotal

8

$939,956.00

3

$252,552.00

11

$1,192,508.00

Benefit Bank, Fort Smith, AR

Crawford

39

$4,046,392.00

23

$2,081,505.00

62

$6,127,897.00

Franklin

1

$46,840.00

0

$0.00

1

$46,840.00

Sebastian

43

$3,233,907.00

38

$3,003,691.00

81

$6,237,598.00

Subtotal

83

$7,327,139.00

61

$5,085,196.00

144

$12,412,335.00

Citizens Bank and Trust (2nd), Van Buren, AR

Crawford

3

$269,820.00

2

$192,750.00

5

$462,570.00

Community First Bank, Harrison, AR

Boone

29

$2,520,783.00

17

$1,473,682.00

46

$3,994,465.00

Carroll

3

$254,840.00

2

$241,000.00

5

$495,840.00

Newton

0

$0.00

1

$85,000.00

1

$85,000.00

Washington

1

$123,000.00

0

$0.00

1

$123,000.00

Subtotal

33

$2,898,623.00

20

$1,799,682.00

53

$4,698,305.00

Community First Bank, Pea Ridge, AR

Washington

1

$146,880.00

0

$0.00

1

$146,880.00

First Arkansas Valley Bank, Russellville, AR

Pope

1

$86,400.00

0

$0.00

1

$86,400.00

First Financial Bank, Fort Smith, AR

Crawford

9

$1,004,500.00

14

$1,561,597.00

23

$2,566,097.00

Sebastian

4

$405,350.00

4

$360,450.00

8

$765,800.00

Subtotal

13

$1,409,850.00

18

$1,922,047.00

31

$3,331,897.00

First Security Bank of Conway, Conway, AR

Pope

1

$67,857.00

2

$169,047.00

3

$236,904.00

First Western Mortgage, Fort Smith, AR

Crawford

1

$77,700.00

0

$0.00

1

$77,700.00

Franklin

0

$0.00

1

$59,073.00

1

$59,073.00

Sebastian

5

$377,350.00

1

$87,132.00

6

$464,482.00

Subtotal

6

$455,050.00

2

$146,205.00

8

$601,255.00

First Western Mortgage, Rogers, AR

Benton

5

$525,663.00

7

$649,994.00

12

$1,175,657.00

Washington

0

$0.00

1

$103,279.00

1

$103,279.00

Subtotal

5

$525,663.00

8

$753,273.00

13

$1,278,936.00

Global Mortgage, Inc., Bentonville, AR

Benton

0

$0.00

3

$367,800.00

3

$367,800.00

Washington

0

$0.00

1

$122,400.00

1

$122,400.00

Subtotal

0

$0.00

4

$490,200.00

4

$490,200.00

Liberty Bank, Russellville, AR

Crawford

5

$557,471.00

0

$0.00

5

$557,471.00

Johnson

1

$107,550.00

1

$72,900.00

2

$180,450.00

Pope

18

$1,566,837.00

22

$2,069,237.00

40

$3,636,074.00

Sebastian

6

$545,815.00

2

$161,579.00

8

$707,394.00

Washington

0

$0.00

1

$125,860.00

1

$125,860.00

Subtotal

30

$2,777,673.00

26

$2,429,576.00

56

$5,207,249.00

Liberty Bank, Springdale, AR

Benton

0

$0.00

2

$278,533.00

2

$278,533.00

Washington

2

$250,905.00

2

$205,186.00

4

$456,091.00

Subtotal

2

$250,905.00

4

$483,719.00

6

$734,624.00

Moore Mortgage, Little Rock, AR

Benton

3

$423,070.00

3

$311,331.00

6

$734,401.00

Washington

1

$85,655.00

0

$0.00

1

$85,655.00

Subtotal

4

$508,725.00

3

$311,331.00

7

$820,056.00

Priority Bank, Fayetteville, AR

Washington

0

$0.00

1

$131,929.00

1

$131,929.00

Priority Bank, Ozark, AR

Franklin

10

$812,250.00

1

$75,500.00

11

$887,750.00

Johnson

1

$63,995.00

0

$0.00

1

$63,995.00

Subtotal

11

$876,245.00

1

75,500.00

12

$951,745.00

Pulaski Mortgage Company, Bentonville, AR

Benton

3

$275,030.00

2

$232,809.00

5

$507,839.00

Pulaski Mortgage Company, Fayetteville, AR

Benton

0

$0.00

1

$99,200.00

1

$99,200.00

Pulaski Mortgage Company, Russellville, AR

Pope

3

$285,219.00

2

$177,975.00

5

$463,194.00

Regions Mortgage Company, Little Rock, AR

Benton

1

$81,357.00

2

$189,997.00

3

$271,354.00

Sebastian

0

$0.00

4

$308,201.00

4

$308,201.00

Washington

1

$124,019.00

0

$0.00

1

$124,019.00

Subtotal

2

$205,376.00

6

$498,198.00

8

$703,574.00

River Town Bank, Russellville, AR

Pope

4

$369,325.00

3

$239,125.00

7

$608,450.00

Simmons First Bank, Russellville, AR

Benton

1

$119,920.00

0

$0.00

1

$119,920.00

Johnson

2

$145,200.00

0

$0.00

2

$145,200.00

Pope

6

$432,375.00

5

$430,532.00

11

$862,907.00

Subtotal

9

$697,495.00

5

$430,532.00

14

$1,128,027.00

Simmons First Mortgage of Little Rock, Fort Smith, AR

Crawford

10

$791,014.00

4

$320,149.00

14

$1,111,163.00

Sebastian

2

$112,067.00

5

$375,708.00

7

$487,775.00

Subtotal

12

$903,081.00

9

$695,857.00

21

$1,598,938.00

Simmons First Mortgage of Little Rock, Rogers, AR

Benton

2

$233,830.00

3

$346,859.00

5

$580,689.00

Simmons First Mortgage of Little Rock, Siloam Springs, AR

Benton

3

$290,432.00

2

$176,650.00

5

$467,082.00

Washington

1

$127,551.00

0

$0.00

1

$127,551.00

Subtotal

4

$417,983.00

2

$176,650.00

6

$594,633.00

United Bank, Springdale, AR

Benton

0

$0.00

1

$133,100.00

1

$133,100.00

Washington

0

$0.00

1

$165,321.00

1

$165,321.00

Subtotal

0

$0.00

2

$298,421.00

2

$298,421.00

Valley Bank, Springdale, AR

Washington

1

$87,500.00

0

$0.00

1

$87,500.00

Wells Fargo Home Mortgage, Unknown

Crawford

0

$0.00

1

$84,564.00

1

$84,564.00

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

Benton

46

$4,876,526.00

31

$3,233,588.00

77

$8,110,114.00

Boone

28

$2,374,783.00

17

$1,473,682.00

45

$3,848,465.00

Carroll

4

$324,240.00

2

$241,000.00

6

$565,240.00

Crawford

66

$6,135,347.00

59

$5,415,016.00

125

$11,550,363.00

Franklin

9

$661,090.00

2

$134,573.00

11

$795,663.00

Johnson

4

$316,745.00

2

$122,029.00

6

$438,774.00

Marion

1

$70,542.00

4

$329,664.00

5

$400,206.00

Newton

0

$0.00

1

$85,000.00

1

$85,000.00

Pope

34

$2,991,152.00

32

$2,820,390.00

66

$5,811,542.00

Sebastian

78

$5,831,687.00

77

$5,782,409.00

155

$11,614,096.00

Washington

18

$1,972,731.00

15

$1,518,962.00

33

$3,491,693.00

Subtotal

288

$25,554,843.00

242

$21,156,313.00

530

$46,711,156.00

New

Benton

9

$1,159,410.00

11

$1,356,729.00

20

$2,516,139.00

Boone

2

$230,000.00

0

$0.00

2

$230,000.00

Crawford

13

$1,636,686.00

6

$634,191.00

19

$2,270,877.00

Franklin

2

$198,000.00

0

$0.00

2

$198,000.00

Pope

3

$283,200.00

3

$335,804.00

6

$619,004.00

Sebastian

9

$982,917.00

4

$492,075.00

13

$1,474,992.00

Washington

5

$660,908.00

2

$297,250.00

7

$958,158.00

Subtotal

43

$5,151,121.00

26

$3,116,049.00

69

$8,267,170.00

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

 

Benton

25

$2,889,765.00

13

$1,457,690.00

38

$4,347,455.00

Boone

10

$827,845.00

1

$49,900.00

11

$877,745.00

Carroll

2

$171,200.00

0

$0.00

2

$171,200.00

Crawford

11

$999,035.00

3

$195,600.00

14

$1,194,635.00

Newton

0

$0.00

1

$85,000.00

1

$85,000.00

Pope

1

$50,825.00

2

$184,800.00

3

$235,625.00

Sebastian

9

$714,704.00

6

$446,480.00

15

$1,161,184.00

Washington

13

$1,468,055.00

7

$799,681.00

20

$2,267,736.00

Subtotal

71

$7,121,429.00

33

$3,219,151.00

104

$10,340,580.00

FHA

 

Benton

20

$2,076,226.00

19

$2,074,759.00

39

$4,150,985.00

Carroll

1

$69,400.00

0

$0.00

1

$69,400.00

Crawford

30

$2,780,236.00

36

$3,511,360.00

66

$6,291,596.00

Franklin

0

$0.00

1

$59,073.00

1

$59,073.00

Johnson

1

$63,995.00

1

$49,129.00

2

$113,124.00

Marion

1

$70,542.00

0

$0.00

1

$70,542.00

Pope

9

$779,959.00

8

$587,553.00

17

$1,367,512.00

Sebastian

70

$5,364,695.00

63

$4,692,358.00

133

$10,057,053.00

Washington

5

$541,611.00

9

$899,695.00

14

$1,441,306.00

Subtotal

137

$11,746,664.00

137

$11,873,927.00

274

$23,620,591.00

Rural Dev.

 

Benton

10

$1,069,945.00

10

$1,057,868.00

20

$2,127,813.00

Boone

20

$1,776,938.00

16

$1,423,782.00

36

$3,200,720.00

Carroll

1

$83,640.00

2

$241,000.00

3

$324,640.00

Crawford

37

$3,908,517.00

24

$2,116,347.00

61

$6,024,864.00

Franklin

11

$859,090.00

1

$75,500.00

12

$934,590.00

Johnson

3

$252,750.00

1

$72,900.00

4

$325,650.00

Marion

0

$0.00

4

$329,664.00

4

$329,664.00

Pope

25

$2,133,568.00

22

$2,125,509.00

47

$4,259,077.00

Sebastian

6

$590,795.00

10

$974,041.00

16

$1,564,836.00

Washington

5

$623,973.00

1

$116,836.00

6

$740,809.00

Subtotal

118

$11,299,216.00

91

$8,533,447.00

209

$19,832,663.00

VA

 

Crawford

1

$84,245.00

2

$225,900.00

3

$310,145.00

Pope

2

$310,000.00

3

$258,332.00

5

$568,332.00

Sebastian

2

$144,410.00

2

$161,605.00

4

$306,015.00

Subtotal

5

$538,655.00

7

$645,837.00

12

$1,184,492.00

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

Benton

4

$478,319.00

3

$345,734.00

7

$824,053.00

Boone

1

$79,500.00

0

$0.00

1

$79,500.00

Carroll

1

$69,400.00

0

$0.00

1

$69,400.00

Crawford

5

$448,599.00

5

$455,230.00

10

$903,829.00

Pope

4

$424,179.00

2

$188,293.00

6

$612,472.00

Sebastian

18

$1,288,061.00

12

$820,278.00

30

$2,108,339.00

Washington

1

$138,750.00

1

$165,321.00

2

$304,071.00

Subtotal

34

$2,926,808.00

23

$1,974,856.00

57

$4,901,664.00

Non-Minority

Benton

51

$5,557,617.00

39

$4,244,583.00

90

$9,802,200.00

Boone

29

$2,525,283.00

17

$1,473,682.00

46

$3,998,965.00

Carroll

3

$254,840.00

2

$241,000.00

5

$495,840.00

Crawford

74

$7,323,434.00

60

$5,593,977.00

134

$12,917,411.00

Franklin

11

$859,090.00

2

$134,573.00

13

$993,663.00

Johnson

4

$316,745.00

2

$122,029.00

6

$438,774.00

Marion

1

$70,542.00

4

$329,664.00

5

$400,206.00

Newton

0

$0.00

1

$85,000.00

1

$85,000.00

Pope

33

$2,850,173.00

33

$2,967,901.00

66

$5,818,074.00

Sebastian

69

$5,526,543.00

69

$5,454,206.00

138

$10,980,749.00

Washington

22

$2,494,889.00

16

$1,650,891.00

38

$4,145,780.00

Subtotal

297

$27,779,156.00

245

$22,297,506.00

542

$50,076,662.00

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

Benton

$47,568.30

$44,742.52

$47,290.44

$50,664.00

$47,429.37

$47,703.26

Boone

$42,882.00

$42,882.00

$0.00

$0.00

$42,882.00

$42,882.00

Carroll

$24,792.00

$24,792.00

$0.00

$0.00

$24,792.00

$24,792.00

Crawford

$38,113.00

$33,716.76

$38,982.02

$32,543.76

$38,547.51

$33,130.26

Pope

$40,748.49

$34,675.88

$38,512.86

$38,512.86

$39,630.68

$39,594.37

Sebastian

$26,659.18

$25,701.06

$33,235.17

$33,898.20

$29,947.17

$29,799.63

Washington

$50,850.72

$50,850.72

$51,332.52

$51,332.52

$51,091.62

$51,091.62

Subtotal

$33,595.00

$37,445.00

$37,563.55

$38,610.00

$35,579.27

$38,027.50

Non-Minority

Benton

$40,105.62

$41,424.00

$39,549.83

$38,004.00

$39,827.72

$39,714.00

Boone

$36,332.00

$34,350.00

$41,718.96

$41,210.52

$39,025.48

$37,780.26

Carroll

$41,385.20

$41,523.60

$47,339.46

$47,339.46

$44,362.33

$44,431.53

Crawford

$41,599.00

$42,440.00

$45,588.32

$45,116.52

$43,593.66

$43,788.26

Franklin

$34,305.32

$39,668.88

$33,208.86

$33,208.86

$33,757.09

$36,438.87

Johnson

$39,268.00

$39,669.00

$25,695.06

$25,695.06

$32,481.53

$32,682.03

Marion

$39,786.60

$39,786.60

$34,910.43

$33,315.24

$37,348.51

$36,550.92

Newton

$0.00

$0.00

$46,829.16

$46,829.16

$46,829.16

$46,829.16

Pope

$35,527.00

$36,714.00

$37,009.51

$38,712.00

$36,268.26

$37,713.00

Sebastian

$32,647.00

$43,940.96

$34,701.02

$34,417.56

$33,674.01

$39,179.26

Washington

$43,359.94

$43,434.48

$34,937.63

$34,606.50

$43,397.21

$39,020.49

Subtotal

$37,672.00

$38,048.64

$37,640.19

$38,090.00

$37,656.09

$38,069.32

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Gender of Head of Household

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

Benton

16

4.8%

17

6.3%

33

5.5%

Boone

6

1.8%

5

1.9%

11

1.8%

Carroll

3

0.9%

0

0.0%

3

0.5%

Crawford

18

5.4%

27

10.1%

45

7.5%

Franklin

2

0.6%

0

0.0%

2

0.3%

Johnson

1

0.3%

0

0.0%

1

0.2%

Marion

0

0.0%

2

0.7%

2

0.3%

Pope

12

3.6%

6

2.2%

18

3.0%

Sebastian

30

9.1%

31

11.6%

61

10.2%

Washington

9

2.7%

12

4.5%

21

3.5%

Subtotal

97

29.3%

100

37.3%

197

32.9%

Male

Benton

39

11.8%

25

9.3%

64

10.7%

Boone

24

7.3%

12

4.5%

36

6.0%

Carroll

1

0.3%

2

0.7%

3

0.5%

Crawford

60

18.1%

38

14.2%

98

16.4%

Franklin

9

2.7%

2

0.7%

11

1.8%

Johnson

3

0.9%

1

0.4%

4

0.7%

Marion

1

0.3%

2

0.7%

3

0.5%

Newton

0

0.0%

1

0.4%

1

0.2%

Pope

25

7.6%

29

10.8%

54

9.0%

Sebastian

57

17.2%

48

17.9%

105

17.5%

Washington

14

4.2%

5

1.9%

19

3.2%

Subtotal

233

70.4%

165

61.9%

398

66.4%

Unknown

Crawford

1

0.3%

0

0.0%

1

0.2%

Johnson

0

0.0%

1

0.4%

1

0.2%

Sebastian

0

0.0%

2

0.7%

2

0.3%

Subtotal

1

0.3%

3

1.0%

3

0.5%

County

7/2007 - 12/2007 Average Age

1/2008 - 6/2008 Average Age

FY2008 TOTAL Average Age

Benton

29.5

28.5

29.0

Boone

34.0

30.0

32.0

Carroll

32.3

34.0

33.1

Crawford

29.8

31.4

30.6

Franklin

26.7

37.5

32.1

Johnson

31.0

26.0

28.5

Marion

72.0

24.8

48.4

Newton

0.0

26.0

26.0

Pope

30.6

28.7

29.7

Sebastian

33.2

31.9

32.5

Washington

30.5

34.8

32.6

CD Total

35.0

30.3

32.2

County

7/2007 - 12/2007 Average House Size

1/2008 - 6/2008 Average House Size

FY2008 Average House Size

Benton

2.1

2.4

2.3

Boone

2.5

2.4

2.5

Carroll

2.5

3.0

2.8

Crawford

2.3

2.6

2.5

Franklin

2.1

5.0

3.6

Johnson

2.0

1.5

1.8

Marion

2.0

2.0

2.0

Newton

0.0

2.0

2.0

Pope

2.2

2.2

2.2

Sebastian

2.3

2.5

2.4

Washington

2.3

2.5

2.4

CD Total

2.2

2.6

2.4

Down Payment Assistance Program (DPA)

General Statistics

 

Time Period

No. Loans

Dollar Amount

Mean Loan Amount

% of H2O Loans

07/2007 – 12/2007

95

$405,314.00

$4,266.46

28.7%

01/2008 – 06/2008

95

$400,587.00

$4,216.71

35.4%

Total FY2008

190

$805,901.00

44,241.58

31.7%

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

ARVAC

Pope

2

$11,600.00

2

$5,580.00

4

$17,180.00

Crawford Sebastian CDC

Benton

0

$0.00

2

$7,882.00

2

$7,882.00

Crawford

25

$106,949.00

21

$94,560.00

46

$201,509.00

Franklin

0

$0.00

1

$5,607.00

1

$5,607.00

Sebastian

34

$139,583.00

29

$119,296.00

63

$258,879.00

Subtotal

59

$246,532.00

53

$227,345.00

112

$473,877.00

Community Resources Technicians

Crawford

0

$0.00

1

$5,250.00

1

$5,250.00

Sebastian

0

$0.00

1

$4,487.00

1

$4,487.00

Subtotal

0

$0.00

2

$9,737.00

2

$9,737.00

Credit Counseling of Arkansas

Benton

6

$33,208.00

13

$57,549.00

19

$90,757.00

Crawford

0

$0.00

1

$2,300.00

1

$2,300.00

Washington

0

$0.00

3

$17,196.00

3

$17,196.00

Subtotal

6

$33,208.00

17

$77,045.00

23

$110,253.00

EOA of Washington County

Benton

14

$54,300.00

6

$19,985.00

20

$74,285.00

Crawford

1

$5,800.00

0

$0.00

1

$5,800.00

Sebastian

0

$0.00

1

$5,000.00

1

$5,000.00

Washington

2

$5,789.00

3

$15,800.00

5

$21,589.00

Subtotal

17

$65,889.00

10

$40,785.00

27

$106,674.00

Universal Housing

Franklin

1

$2,875.00

0

$0.00

1

$2,875.00

Johnson

0

$0.00

1

$3,270.00

1

$3,270.00

Pope

9

$41,063.00

8

$28,825.00

17

$69,888.00

Subtotal

10

$43,938.00

9

$32,095.00

19

$76,033.00

Unknown

Sebastian

1

$4,147.00

2

$8,000.00

3

$12,147.00

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

Benton

16

$74,058.00

15

$65,346.00

31

$139,404.00

Crawford

26

$112,749.00

21

$93,098.00

47

$205,847.00

Franklin

1

$2,875.00

1

$5,607.00

2

$8,482.00

Johnson

0

$0.00

1

$3,270.00

1

$3,270.00

Pope

10

$48,023.00

9

$30,505.00

19

$78,528.00

Sebastian

32

$133,226.00

31

$129,733.00

63

$262,959.00

Washington

2

$5,789.00

5

$27,059.00

7

$32,848.00

Subtotal

87

$376,720.00

83

$354,618.00

170

$731,338.00

New

Benton

4

$13,450.00

6

$20,070.00

10

$33,520.00

Crawford

0

$0.00

2

$9,012.00

2

$9,012.00

Pope

1

$4,640.00

1

$3,900.00

2

$8,540.00

Sebastian

3

$10,504.00

2

$7,050.00

5

$17,554.00

Washington

0

$0.00

1

$5,937.00

1

$5,937.00

Subtotal

8

$28,594.00

12

$45,969.00

20

$74,563.00

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

Benton

0

$0.00

1

$4,500.00

1

$4,500.00

Crawford

1

$3,550.00

0

$0.00

1

$3,550.00

Pope

3

$17,800.00

1

$6,000.00

4

$23,800.00

Sebastian

3

$9,445.00

2

$7,538.00

5

$16,983.00

Subtotal

7

$30,795.00

4

$18,038.00

11

$48,833.00

Non-Minority

 

Benton

20

$87,508.00

20

$80,916.00

40

$168,424.00

Crawford

25

$109,199.00

23

$102,110.00

48

$211,309.00

Franklin

1

$2,875.00

1

$5,607.00

2

$8,482.00

Johnson

0

$0.00

1

$3,270.00

1

$3,270.00

Pope

8

$34,863.00

9

$28,450.00

17

$63,313.00

Sebastian

32

$134,285.00

31

$129,245.00

63

$263,530.00

Washington

2

$5,789.00

6

$32,996.00

8

$38,785.00

Subtotal

88

$374,519.00

91

$382,549.00

179

$757,068.00

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

Benton

$0.00

$0.00

$50,664.00

$50,664.00

$50,664.00

$50,664.00

Crawford

$42,474.72

$42,474.72

$0.00

$0.00

$42,474.72

$42,474.72

Pope

$41,654.24

$39,319.32

$45,900.60

$46,900.60

$43,777.42

$46,606.96

Sebastian

$42,209.08

$42,598.92

$47,760.00

$47,760.00

$43,484.54

$45,179.46

Subtotal

$42,009.24

$42,854.74

$46,521.15

$45,900.60

$44,265.20

$44,379.17

Non-Minority

Benton

$44,191.04

$48,325.70

$40,917.21

$39,210.66

$42,554.13

$43,768.18

Crawford

$49,209.93

$48,394.44

$50,688.77

$49,643.88

$49,949.35

$49,019.16

Franklin

$44,784.00

$44,784.00

$35,937.72

$35,937.72

$40,360.86

$40,360.86

Johnson

$0.00

$0.00

$22,862.88

$22,862.88

$22,862.88

$22,862.88

Pope

$35,878.37

$42,406.86

$32,410.76

$35,652.24

$34,144.57

$39,029.55

Sebastian

$37,880.94

$37,594.02

$39,456.85

$37,440.00

$38,668.90

$37,517.01

Washington

$37,744.32

$37,744.32

$32,996.00

$40,516.50

$35,370.16

$39,130.41

Subtotal

$42,426.81

$43,776.46

$41,750.98

$37,440.00

$42,088.90

$40,608.23

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Gender

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

Benton

7

7.4%

10

10.5%

17

8.9%

Crawford

5

5.3%

8

8.4%

13

6.8%

Pope

1

1.1%

1

1.1%

2

1.1%

Sebastian

10

10.5%

10

10.5%

20

10.5%

Washington

0

0.0%

3

3.2%

3

1.6%

Subtotal

23

24.2%

32

33.7%

55

28.9%

Male

Benton

13

13.7%

11

11.6%

24

12.6%

Crawford

20

21.1%

15

15.8%

35

18.4%

Franklin

1

1.1%

1

1.1%

2

1.1%

Pope

10

10.5%

9

9.5%

19

10.0%

Sebastian

25

26.3%

22

23.2%

47

24.7%

Washington

2

2.1%

3

3.2%

5

2.6%

Subtotal

71

74.7%

61

64.2%

132

69.5%

Unknown

Crawford

1

1.1%

0

0.0%

1

0.5%

Johnson

0

0.0%

1

1.1%

1

0.5%

Sebastian

0

0.0%

1

1.1%

1

0.5%

Subtotal

1

1.1%

2

2.1%

3

1.6%

Average Age of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Age

Average Age

Average Age

Benton

29.7

29.0

29.4

Crawford

27.8

30.3

29.1

Franklin

34.0

30.0

32.0

Johnson

0.0

29.0

29.0

Pope

31.1

30.4

30.8

Sebastian

30.9

30.0

30.5

Washington

36.5

30.7

33.6

CD Total

31.7

29.9

34.9

Average Size of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Size

Average Size

Average Size

Benton

2.0

2.2

2.1

Crawford

2.5

2.8

2.7

Franklin

2.0

4.0

3.0

Johnson

0.0

2.0

2.0

Pope

2.6

1.7

2.2

Sebastian

2.2

2.3

2.3

Washington

1.5

2.7

2.1

CD Total

2.1

2.5

2.3

American Dream Down Payment Initiative (ADDI) Program

General Statistics

 

Time Period

No. Loans

Dollar Amount

Mean Loan Amount

% of H2O Loans

07/2007 – 12/2007

25

$159,245.79

$6,369.83

7.6%

01/2008 – 06/2008

23

$127,339.00

$5,536.00

8.6%

Total FY2008

48

$286,584.79

$5,970.52

8.0%

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

Credit Counseling of Arkansas

Benton

3

$19,649.00

3

$22,001.00

6

$41,650.00

Washington

2

$11,691.00

1

$6,050.00

3

$17,741.00

Subtotal

5

$31,340.00

4

$28,051.00

9

$59,391.00

Crawford Sebastian CDC

Crawford

3

$22,724.00

4

$20,861.00

7

$43,585.00

Sebastian

10

$63,409.00

4

$21,004.00

14

$84,413.00

Subtotal

13

$86,133.00

8

$41,865.00

21

$127,998.00

EOA of Washington County

Benton

4

$22,194.79

2

$11,638.00

6

$33,832.79

Carroll

0

$0.00

1

$5,630.00

1

$5,630.00

Washington

1

$9,600.00

0

$0.00

1

$9,600.00

Subtotal

5

$31,794.79

3

$17,268.00

8

$49,062.79

Family Service Agency

Benton

0

$0.00

1

$5,317.00

1

$5,317.00

One Stop Homeowner’s Center

Crawford

1

$5,789.00

0

$0.00

1

$5,789.00

Unknown

Crawford

0

$0.00

1

$4,893.00

1

$4,893.00

Pope

0

$0.00

3

$15,168.00

3

$15,168.00

Sebastian

1

$4,189.00

1

$4,023.00

2

$8,212.00

Subtotals

1

$4,189.00

5

$24,084.00

6

$28,273.00

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

 

Benton

7

$41,843.79

5

$37,538.00

12

$79,381.79

Carroll

0

$0.00

1

$5,630.00

1

$5,630.00

Crawford

2

$14,985.00

4

$20,861.00

6

$35,846.00

Pope

0

$0.00

2

$8,059.00

2

$8,059.00

Sebastian

6

$36,418.00

5

$25,027.00

11

$61,445.00

Washington

3

$21,291.00

3

$16,484.00

6

$37,775.00

Subtotal

18

$114,537.79

20

$113,599.00

38

$228,136.79

New

 

Benton

0

$0.00

1

$1,638.00

1

$1,638.00

Crawford

2

$13,528.00

1

$4,993.00

3

$18,521.00

Pope

0

$0.00

1

$7,109.00

1

$7,109.00

Sebastian

5

$31,180.00

0

$0.00

5

$31,180.00

Subtotal

7

$44,708.00

3

$13,740.00

10

$58,448.00

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

Carroll

0

$0.00

1

$5,630.00

1

$5,630.00

Crawford

2

$10,717.00

0

$0.00

2

$10,717.00

Sebastian

6

$36,628.00

1

$5,889.00

7

$42,517.00

Subtotal

8

$47,345.00

2

$11,519.00

10

$58,864.00

Non-Minority

Benton

7

$41,843.79

6

$39,176.00

13

$81,019.79

Crawford

2

$17,796.00

5

$25,854.00

7

$43,650.00

Pope

0

$0.00

3

$15,168.00

3

$15,168.00

Sebastian

5

$30,970.00

4

$19,138.00

9

$50,108.00

Washington

3

$21,291.00

3

$16,484.00

6

$37,775.00

Subtotal

17

$111,900.79

21

$115,820.00

38

$227,720.79

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

Carroll

$0.00

$0.00

$24,792.00

$24,792.00

$24,792.00

$24,792.00

Crawford

$27,904.38

$27,904.38

$0.00

$0.00

$27,904.38

$27,904.38

Sebastian

$32,748.24

$34,297.20

$22,344.00

$22,344.00

$27,546.12

$28,320.60

Subtotal

$31,537.28

$31,943.22

$23,568.00

$23,568.00

$27,552.64

$27,755.61

Non-

Minority

Benton

$34,729.85

$36,816.12

$29,775.06

$30,444.00

$32,252.46

$33,630.06

Crawford

$25,876.56

$25,876.56

$23,888.40

$20,280.00

$24,882.48

$23,078.28

Pope

$0.00

$0.00

$21,626.80

$21,204.00

$21,626.80

$21,204.00

Sebastian

$26,550.07

$29,016.00

$22,400.04

$22,324.08

$24,475.06

$25,670.04

Washington

$35,319.99

$38,146.56

$21,660.00

$22,308.00

$28,489.99

$30,227.28

Subtotal

$31,386.60

$29,120.04

$21,626.80

$21,204.00

$21,626.80

$21,204.00

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

Benton

1

4.0%

1

4.3%

2

4.1%

Crawford

0

0.0%

3

13.0%

3

6.2%

Pope

0

0.0%

2

8.7%

2

4.1%

Sebastian

3

12.0%

1

4.3%

4

8.3%

Washington

1

4.0%

2

8.7%

3

6.2%

Subtotal

5

20.0%

9

39.1%

14

29.1%

Male

Benton

6

24.0%

5

21.7%

11

22.9%

Carroll

0

0.0%

1

4.3%

1

2.1%

Crawford

4

16.0%

2

8.7%

6

12.5%

Pope

0

0.0%

1

4.3%

1

2.1%

Sebastian

7

28.0%

4

17.3%

11

22.9%

Washington

2

8.0%

1

4.3%

3

6.2%

Subtotal

19

76.0%

14

60.9%

33

68.8%

Unknown

Sebastian

1

4.0%

0

0.0%

1

2.1%

Average Age of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average Age

Average Age

Average Age

Benton

32.7

39.1

35.9

Carroll

0.0

40.0

40.0

Crawford

39.0

19.0

29.0

Pope

0.0

32.7

32.7

Sebastian

32.2

36.6

34.4

Washington

30.7

33.0

31.9

CD Total

33.7

33.4

39.5

Average House Size

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

County

Average House Size

Average House Size

Average House Size

Benton

3.1

3.0

3.1

Carroll

0.0

3.0

3.0

Crawford

2.8

2.2

2.5

Pope

0.0

1.7

1.7

Sebastian

3.6

2.0

2.8

Washington

2.7

2.0

2.4

CD Total

3.1

2.1

2.6

 

TOTAL HOMEOWNERSHIP:

 

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$31,270,523.79

$24,800,288.00

$56,070,811.79

 

HOUSING PRODUCTION (HP)

Program Partners and / or Participants FY2008:

NAME

Counties in Cong. District Served

  • Belmont Development Company LOLC

Benton & Crawford

  • Crawford Sebastian CDC

Crawford

  • Fayetteville Housing Authority

Washington

  • Lifestyles, Inc.

Benton & Washington

  • North Pointe II, LP

Sebastian

  • Northwest Regional Housing Authority

Boone, Carroll, Madison, Marion & Newton

  • Office of Human Concern

Carroll & Madison

  • Rausch Coleman Homes NWA, LLC

Washington

  • S.E. Clark & Associates, Inc. (d/b/a Professional Development Group Midwest

Sebastian

  • Van Buren Housing Authority

Crawford

 

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

Benton

0

$0.00

10

$400,000.00

10

$400,000.00

Crawford

0

$0.00

10

$400,000.00

10

$400,000.00

Subtotal

0

$0.00

20

$800,000.00

20

$800,000.00

Homeowner Acquisition

0

$0.00

0

$0.00

0

$0.00

Homeowner Rehab or Mortgage Subsidy

Carroll

0

$0.00

3

$92,300.00

3

$92,300.00

Crawford

7

$320,119.00

0

$0.00

7

$320,119.00

Madison

0

$0.00

2

$92,300.00

2

$92,300.00

Subtotal

7

$320,119.00

5

$184,600.00

12

$504,719.00

Rental New Construction

Crawford

0

$0.00

11

$400,000.00

11

$400,000.00

Sebastian

0

$0.00

11

$400,000.00

11

$400,000.00

Washington

0

$0.00

40

$400,000.00

40

$400,000.00

Subtotal

0

$0.00

62

$1,200,000.00

62

$1,200,000.00

Tenant Based Rental Assistance

Benton

0

$0.00

10

$62,610.00

10

$62,610.00

Boone

0

$0.00

22

$48,588.00

22

$48,588.00

Carroll

0

$0.00

22

$48,588.00

22

$48,588.00

Madison

0

$0.00

21

$48,588.00

21

$48,588.00

Marion

0

$0.00

21

$48,588.00

21

$48,588.00

Newton

0

$0.00

21

$48,588.00

21

$48,588.00

Washington

0

$0.00

60

$335,612.00

60

$335,612.00

Subtotal

0

$0.00

177

$641,162.00

177

$641,162.00

FY2008 TOTAL

7

$320,119.00

264

$2,825,762.00

271

$3,145,881.00

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

Benton

24

$115,393.00

$0.00

$115,393.00

Crawford

66

$396,752.00

$0.00

$396,752.00

Sebastian

45

$400,000.00

$0.00

$400,000.00

CD 3 Total

135

$912,145.00

$0.00

$912,145.00

Multifamily Housing Bonds

No Multifamily Housing Bond Program Activity FY2008

TOTAL HOUSING PRODUCTION:

 

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$320,119.00

$3,737,907.00

$4,058,026.00

 

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

Pope

0

$0.00

1

$3,000,000.00

1

$3,000,000.00

$3,000,000.00

Higher Education Facilities

0

$0.00

0

$0.00

0

$0.00

$0.00

Other

Boone

4

$2,340.00

2

$1,007.52

6

$3,347.52

$557.92

Safe Drinking Water Revolving Loan Fund

0

$0.00

0

$0.00

0

$0.00

$0.00

State Facilities Financing

0

$0.00

0

$0.00

0

$0.00

$0.00

Wastewater Revolving Loan Fund

Benton

1

$20,000,000.00

0

$0.00

1

$20,000,000.00

$20,000,000.00

Washington

1

$4,500,000.00

0

$0.00

1

$4,500,000.00

$4,500,000.00

Subtotal

2

$24,500,000.00

0

$0.00

2

$24,500,000.00

$12,250,000.00

 

DEVELOPMENT FINANCE:

 

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$24,502,340.00

$3,001,007.52

$27,503,347.52

 

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

Sebastian

1

$700.00

1

$13,241.00

2

$13,941.00

$6,970.50

 

TOTAL FUNDS FOR

congressional district 3

07/2007 – 12/2007

01/2008 – 06/2008

Total FY2008

$56,093,682.79

$31,552,443.52

$87,646,126.31

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