ANNUAL REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2005: July 1, 2004 – June 30, 2005

See “Statewide” Section for list of FY 2005 Bond Issuances

HOT SPRING COUNTY

Part of Congressional District 4

HOMEOWNERSHIP

HOME-TO-OWN PROGRAM

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	MEDIAN LOAN AMT.
3	*$219,743.00*	*$73,247.67*	*$71,872.00*

Loans by Originator

Originator / Branch	No. Loans	Dollar Amount
Metropolitan National Bank, Little Rock, AR	1	*$86,871.00*
Regions Mortgage Bank, Benton, AR	1	*$71,872.00*
Summit Bank, Inc., Benton, AR	1	*$61,000.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	3	*$219,743.00*
New or Proposed Construction	0	*$0.00*

Loans by Loan Type

Loan Type	No. Loans	Dollar Amount
FHA	3	*$219,743.00*
VA	0	*$0.00*
Conventional	0	*$0.00*
Rural Development	0	*$0.00*
Uninsured	0	*$0.00*
Other	0	*$0.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	3	*$219,743.00*	*100.0%*
Minorities	0	*$0.00*	*0.0%*

Ethnicity	Mean Income	Median Income
Non-Minorities	*$41,494.88*	*$40,608.00*
Minorities	*$0.00*	*$0.00*

Average Household Size:	*2.3*

Loan Cancellation Rate:	*0.0%*

DOWN PAYMENT ASSISTANCE PROGRAM

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% of H2O (1^ST) LOANS
3	*$8,593.00*	*$2,864.23*	*100.0%*

Loans by Homebuyer Counselor

Counselor

No. Loans

Dollar Amount

Argenta Neighborworks Homeownership

Center, North Little Rock, AR

$3,000.00

In Affordable Housing, Inc., Little Rock, AR

$5,593.00

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	3	*$8,593.00*
New or Proposed Construction	0	*$0.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	3	*$8,593.00*	*100.0%*
Minorities	0	*$0.00*	*0.0%*

Loan Cancellation Rate:

0.0%

ADDI LOAN PROGRAM

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% of H2O (1^ST) LOANS
0	*$0.00*	*$0.00*	*0.0%*

Loans by Homebuyer Counselor

Counselor	No. Loans	Dollar Amount
*N/A*	0	*$0.00*

Loans by New or Existing

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:

$228,336.00

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*

HOUSING PRODUCTION

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	0	*$0.00*
TOTAL	0	*$0.00*
Average Amount per Unit		*$0.00*

Low-Income Housing Tax Credits / Board Approvals FY 2005

	No. Units	Federal LIHTC	State LIHTC	Total Funds	Average per Unit
Acq / Rehab	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*
New Const.	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*

Total	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*

Multifamily Housing Bonds

	No. Units	Dollar Amount	Average per Unit
Acq / Rehab	0	*$0.00*	*$0.00*
New Const.	0	*$0.00*	*$0.00*

Total	0	*$0.00*	*$0.00*

TOTAL HOUSING PRODUCTION:

$0.00

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*

DEVELOPMENT FINANCE

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	0	*$0.00*	*$0.00*
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:

$0.00

TOTAL FUNDS FOR HOT SPRING CNTY FY 2005

$228,336.00

Distribution of these total funds

		% Change from Previous Year
Homeownership	$228,336.00	+100.0%
Housing Production	$0.00	0.0%
Development Finance	$0.00	-100.0%
Overall	$228,336.00	-97.9%