ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
CARROLL COUNTYPart of Congressional District 3 |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
9 |
$728,100.00 |
$80,900.00 |
$77,000.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
Arvest Mortgage Company, Lowell, AR |
6 |
$475,100.00 |
|
Community First Bank, Harrison, AR |
3 |
$253,000.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
7 |
$537,850.00 |
|
New or Proposed Construction |
2 |
$190,250.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
6 |
$477,350.00 |
|
VA |
0 |
$0.00 |
|
Conventional |
0 |
$0.00 |
|
Rural Development |
3 |
$250,750.00 |
|
Uninsured |
0 |
$0.00 |
|
Other |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
3 |
$232,750.00 |
33.3% |
|
Minorities |
6 |
$495,350.00 |
66.7% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$33,204.00 |
$32,352.00 |
|
Minorities |
$42,776.00 |
$42,696.00 |
|
Average Household Size: |
3.8 |
|
|
|
|
Loan Cancellation Rate: |
25.0% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
0 |
$0.00 |
$0.00 |
0.0% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
N/A |
0 |
$0.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
|
|
Existing Construction |
0 |
$0.00 |
|
|
|
New or Proposed Construction |
0 |
$0.00 |
|
|
|
|
|
|
||
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
0 |
$0.00 |
0.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
100.0% |
|
|
|
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
0 |
$0.00 |
$0.00 |
0.0% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
0 |
$0.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
0 |
$0.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
0 |
$0.00 |
0.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
0.0% |
|
TOTAL HOMEOWNERSHIP: |
$728,100.00 |
Total Economic Impact
|
Local Jobs Supported |
6 |
|
Local Business Owners’ Income |
$52,360.00 |
|
Local Wages & Salaries |
$235,460.00 |
|
Local Government Revenue |
$37,140.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$324,960.00 |
Program Statistics
HOME Allocations / Board Approvals FY 2005
|
|
No. Units |
HOME Funds |
|
Rental New Construction |
0 |
$0.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
|
Homeowner Rehab or Mortgage Subsidy |
0 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
|
Acq / Rehab |
6 |
$224,852.00 |
|
TOTAL |
6 |
$224,852.00 |
|
Average Amount per Unit |
|
$37,475.33 |
Low-Income Housing Tax Credits / Board Approvals FY 2005
|
|
No. Units |
Federal LIHTC |
State LIHTC |
Total Funds |
Average Per Unit |
|
24 |
$72,401.00 |
$0.00 |
$72,401.00 |
$3,016.71 |
|
|
New Const. |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
|
|
|
|
|
|
|
Total |
24 |
$72,401.00 |
$0.00 |
$72,401.00 |
$3,016.71 |
Multifamily Housing Bonds
|
|
No. Units |
Dollar Amount |
Average per Unit |
|
0 |
$0.00 |
$0.00 |
|
|
New Const. |
0 |
$0.00 |
$0.00 |
|
|
|
|
|
|
Total |
0 |
$0.00 |
$0.00 |
|
TOTAL HOUSING PRODUCTION: |
$297,253.00 |
Total Economic Impact
|
Local Jobs Supported |
0 |
|
Local Business Owners’ Income |
$0.00 |
|
Local Wages & Salaries |
$0.00 |
|
Local Government Revenue |
$0.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$0.00 |
Program Statistics
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
|
ADFA Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
|
Wastewater Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
|
Capital Access Program |
1 |
$25,000.00 |
$25,000.00 |
|
State Facilities Finance |
0 |
$0.00 |
$0.00 |
|
Interim Loans with other Agencies |
0 |
$0.00 |
$0.00 |
|
Special Projects Fund |
0 |
$0.00 |
$0.00 |
|
Taxable Industrial Revenue Bonds |
0 |
$0.00 |
$0.00 |
|
TOTAL DEVELOPMENT FINANCE: |
$25,000.00 |
TOTAL FUNDS FOR CARROLL COUNTY FY 2005
$1,050,353.00
Distribution of these total funds
|
|
|
% Change from Previous Year |
|
Homeownership |
$728,100.00 |
-40.5% |
|
Housing Production |
$297,253.00 |
+91.6% |
|
Development Finance |
$25,000.00 |
-66.7% |
|
Overall |
$1,050,353.00 |
-20.6% |