ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
JEFFERSON COUNTYPart of Congressional District 4 |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
31 |
$1,964,004.00 |
$63,354.97 |
$59,033.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
Countrywide Home Loans, Inc., North Little Rock, AR |
1 |
$59,033.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
1 |
$35,017.00 |
|
Simmons First National Bank, Pine Bluff, AR |
29 |
$1,869,954.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
30 |
$1,927,921.00 |
|
New or Proposed Construction |
1 |
$36,083.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
31 |
$1,964,004.00 |
|
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 |
11 |
$704,548.00 |
35.5% |
|
Minorities |
19 |
$1,200,423.00 |
61.3% |
|
Unknown |
1 |
$59,033.00 |
3.2% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$40,904.73 |
$43,812.00 |
|
Minorities |
$37,249.01 |
$33,888.00 |
|
Unknown |
$42,012.00 |
$42,012.00 |
|
Average Household Size: |
2.5 |
|
|
|
|
Loan Cancellation Rate: |
8.8% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
30 |
$84,400.00 |
$2,813.33 |
96.8% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
1 |
$3,000.00 |
|
|
Dream Makers Housing Counseling Agency, Inc., Pine Bluff, AR |
26 |
$72,580.00 |
|
1 |
$3,000.00 |
|
|
1 |
$2,820.00 |
|
|
1 |
$3,000.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
28 |
$78,805.00 |
|
New or Proposed Construction |
2 |
$5,595.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
11 |
$31,750.00 |
36.7% |
|
Minorities |
18 |
$49,650.00 |
60.0% |
|
Unknown |
1 |
$3,000.00 |
3.3% |
|
Loan Cancellation Rate: |
0.0% |
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: |
$2,048,404.00 |
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 |
Program Statistics
HOME Allocations / Board Approvals FY 2005
|
|
No. Units |
HOME Funds |
|
Rental New Construction |
10 |
$400,000.00 |
|
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 |
10 |
$400,000.00 |
|
Average Amount per Unit |
|
$40,000.00 |
Low-Income Housing Tax Credits / Board Approvals FY 2005
|
|
No. Units |
Federal LIHTC |
State LIHTC |
Total Funds |
Average Per Unit |
|
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 |
|
0 |
$0.00 |
$0.00 |
|
|
New Const. |
0 |
$0.00 |
$0.00 |
|
|
|
|
|
|
Total |
0 |
$0.00 |
$0.00 |
|
TOTAL HOUSING PRODUCTION: |
$400,000.00 |
Total Economic Impact
|
Local Jobs Supported |
16 |
|
Local Business Owners’ Income |
$147,200.00 |
|
Local Wages & Salaries |
$601,400.00 |
|
Local Government Revenue |
$101,400.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$850,000.00 |
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 |
0 |
$0.00 |
$0.00 |
|
State Facilities Finance |
1 |
$34,650,000.00 |
$34,650,000.00 |
|
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: |
$34,650,000.00 |
SPECIAL VENTURE CAPITAL PROGRAM
Wound Therapy Company, Tennessee
Greater than 20% of total investment went into Clinic in Pine Bluff, AR
TOTAL FUNDS FOR JEFFERSON CNTY FY 2005
$37,098,404.00
Distribution of these total funds
|
|
|
% Change from Previous Year |
|
Homeownership |
$2,048,404.00 |
-47.0% |
|
Housing Production |
$400,000.00 |
+100.0% |
|
Development Finance |
$34,650,000.00 |
+89.0% |
|
Overall |
$37,098,404.00 |
+79.3% |