ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
CONGRESSSIONAL DISTRICT 4 |
Counties: Ashley, Bradley, Calhoun, Chicot, Clark, Cleveland, Columbia, Dallas, Desha, Drew, Garland, Grant, Hempstead, Hot Spring, Howard, Jefferson, Lafayette, Lincoln, Little River, Logan, Miller, Montgomery, Nevada, Ouachita, Pike, Polk, Scott, Sevier and Union
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
72 |
$4,347,123.00 |
$60,376.71 |
$58,007.00 |
Loans by Originator
|
Originator/Branch |
No. Loans |
Dollar Amount |
|
23 |
$1,279,400.00 |
|
|
Arvest Mortgage Company, Lowell, AR |
2 |
$119,462.00 |
|
Bank of Dardanelle, Russellville, AR |
1 |
$66,800.00 |
|
Countrywide Home Loans, Inc., North Little Rock, AR |
1 |
$59,033.00 |
|
First Western Mortgage, Inc., Booneville, AR |
4 |
$161,450.00 |
|
Metropolitan National Bank, Little Rock, AR |
2 |
$136,986.00 |
|
Moore Mortgage, Lowell, AR |
1 |
$57,596.00 |
|
Priority Bank, Ozark, AR |
1 |
$78,000.00 |
|
Pulaski Mortgage Company, Bryant, AR |
1 |
$77,900.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
2 |
$127,889.00 |
|
Regions Mortgage Bank, Benton, AR |
1 |
$71,872.00 |
|
Simmons First National Bank, Pine Bluff, AR |
32 |
$2,049,736.00 |
|
Summit Bank, Inc., Benton, AR |
1 |
$61,000.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
71 |
$4,311,040.00 |
|
New or Proposed Construction |
1 |
$36,083.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
52 |
$3,203,928.00 |
|
VA |
0 |
$0.00 |
|
Conventional |
2 |
$127,775.00 |
|
Rural Development |
18 |
$1,015,420.00 |
|
Uninsured |
0 |
$0.00 |
|
Other |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
50 |
$2,957,196.00 |
69.4% |
|
Minorities |
21 |
$1,330,894.00 |
29.2% |
|
Unknown |
1 |
$59,033.00 |
1.4% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$33,169.64 |
$31,788.00 |
|
Minorities |
$35,399.78 |
$34,248.00 |
|
Unknown |
$42,012.00 |
$42,012.00 |
|
Average Household Size: |
2.3 |
|
|
|
|
Loan Cancellation Rate: |
8.8% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
45 |
$125,335.00 |
$2,785.22 |
62.5% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
2 |
$6,000.00 |
|
|
Community Resource Technicians, Little Rock. AR |
2 |
$4,347.00 |
|
Crawford-Sebastian Community Development Council, Inc., Fort Smith, AR |
5 |
$13,695.00 |
|
Dream Makers Housing Counseling Agency, Inc., Pine Bluff, AR |
30 |
$83,880.00 |
|
Family Service Agency, Little Rock, AR |
1 |
$3,000.00 |
|
In Affordable Housing, Inc., Little Rock, AR |
4 |
$11,413.00 |
|
Mississippi County EOC, Blytheville, AR |
1 |
$3,000.00 |
Loans by New or Existing
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
43 |
$119,740.00 |
|
New or Proposed Construction |
2 |
$5,595.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
22 |
$65,745.00 |
48.9% |
|
Minorities |
20 |
$50,997.00 |
44.4% |
|
Unknown |
3 |
$8,593.00 |
6.7% |
|
Loan Cancellation Rate: |
1.8% |
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: |
100.0% |
|
TOTAL HOMEOWNERSHIP: |
$4,472,458.00 |
Total Economic Impact
|
Local Jobs Supported |
3 |
|
Local Business Owners’ Income |
$26,180.00 |
|
Local Wages & Salaries |
$117,730.00 |
|
Local Government Revenue |
$18,570.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$162,480.00 |
HOME Allocations / Board Approvals FY 2005
Program Statistics
|
|
No. Units |
HOME Funds |
|
Rental New Construction |
20 |
$800,000.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
5 |
$440,000.00 |
|
Homeowner Rehab or Mortgage Subsidy |
67 |
$2,997,273.00 |
|
Tenant Based Rental Assistance |
66 |
$230,384.00 |
|
Acq / Rehab |
24 |
$800,000.00 |
|
TOTAL |
182 |
$5,267,657.00 |
|
Average Amount per Unit |
|
$28,943.17 |
Low-Income Housing Tax Credits / Board Approvals FY 2005
|
|
No. Units |
Federal LIHTC |
State LIHTC |
Total Funds |
Average Per Unit |
|
242 |
$1,265,298.00 |
$80,000.00 |
$1,345,298.00 |
$5,683.00 |
|
|
New Const. |
30 |
$279,101.00 |
$0.00 |
$279,101.00 |
$9,303.33 |
|
|
|
|
|
|
|
|
Total |
272 |
$1,544,399.00 |
$80,000.00 |
$1,624,399.00 |
$5,972.06 |
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: |
$6,892,056.00 |
Total Economic Impact
|
Local Jobs Supported |
87 |
|
Local Business Owners’ Income |
$809,600.00 |
|
Local Wages & Salaries |
$3,307,700.00 |
|
Local Government Revenue |
$557,700.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$4,675,000.00 |
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
|
ADFA Bond Guaranty |
1 |
$3,470,000.00 |
$3,470,000.00 |
|
AEDC/Other Bond Guaranty |
1 |
$3,470,000.00 |
$3,470,000.00 |
|
Higher Education Facilities |
1 |
$445,000.00 |
$445,000.00 |
|
Wastewater Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Safe Drinking Water Revolving Loan |
2 |
$12,450,000.00 |
$6,225,000.00 |
|
Bond Guaranty Reserve Fund |
1 |
$140,000.00 |
$140,000.00 |
|
Capital Access Program |
5 |
$537,321.00 |
$107,464.20 |
|
State Facilities Finance |
2 |
$82,650,000.00 |
$41,325,000.00 |
|
Interim Loans with other Agencies |
1 |
$6,425,000.00 |
$6,425,000.00 |
|
Special Projects Fund |
6 |
$14,377,500.00 |
$2,396,250.00 |
|
Taxable Industrial Revenue Bonds |
0 |
$0.00 |
$0.00 |
|
TOTAL DEVELOPMENT FINANCE: |
$123,964,821.00 |
SPECIAL VENTURE CAPITAL PROGRAM
Wound Therapy Company, Tennessee
Greater than 20% of total investment went into Clinic in Pine Bluff, AR
TOTAL FUNDS FOR CONG. DISTRICT 4 FY 2005
$135,329,335.00
Distribution of these total funds
|
|
|
% Change From Previous Year |
|
Homeownership |
$4,472,458.00 |
-33.9% |
|
Housing Production |
$6,.892,056.00 |
+45.4% |
|
Development Finance |
$123,964,821.00 |
+42.6% |
|
Overall |
$135,329,335.00 |
+39.7% |
