ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
MISSISSIPPI COUNTYPart of Congressional District 1 |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
7 |
$413,225.00 |
$59,032.14 |
$57,500.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
First Home Mortgage, Inc., Jonesboro, AR |
2 |
$84,975.00 |
|
Logan Finance, Blytheville, AR |
5 |
$328,250.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
6 |
$346,425.00 |
|
New or Proposed Construction |
1 |
$66,800.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
2 |
$67,875.00 |
|
VA |
0 |
$0.00 |
|
Conventional |
0 |
$0.00 |
|
Rural Development |
5 |
$345,350.00 |
|
Uninsured |
0 |
$0.00 |
|
Other |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
7 |
$413,225.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$37,945.71 |
$39,288.00 |
|
Minorities |
$0.00 |
$0.00 |
|
Average Household Size: |
3.1 |
|
|
|
|
Loan Cancellation Rate: |
12.5% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
1 |
$1,500.00 |
$1,500.00 |
14.3% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
1 |
$1,500.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
1 |
$1,500.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
1 |
$1,500.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
50.0% |
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: |
$414,725.00 |
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 |
14 |
$242,470.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
|
Homeowner Rehab or Mortgage Subsidy |
6 |
$439,500.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
|
Acq / Rehab |
0 |
$0.00 |
|
TOTAL |
20 |
$681,970.00 |
|
Average Amount per Unit |
|
$34,098.50 |
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. |
14 |
$41,554.00 |
$0.00 |
$41,554.00 |
$2,968.14 |
|
|
|
|
|
|
|
|
Total |
14 |
$41,554.00 |
$0.00 |
$41,554.00 |
$2,968.14 |
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: |
$723,524.00 |
Total Economic Impact
|
Local Jobs Supported |
45 |
|
Local Business Owners’ Income |
$412,160.00 |
|
Local Wages & Salaries |
$1,683,920.00 |
|
Local Government Revenue |
$283,920.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$2,380,000.00 |
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 |
0 |
$0.00 |
$0.00 |
|
Interim Loans with other Agencies |
0 |
$0.00 |
$0.00 |
|
Special Projects Fund |
1 |
$2,605,000.00 |
$2,605,000.00 |
|
Taxable Industrial Revenue Bonds |
0 |
$0.00 |
$0.00 |
|
TOTAL DEVELOPMENT FINANCE: |
$2,605,000.00 |
TOTAL FUNDS FOR MISSISSIPPI CNTY FY 2005
$3,743,249.00
Distribution of these total funds
|
|
|
% Change from Previous Year |
|
Homeownership |
$414,725.00 |
+46.6% |
|
Housing Production |
$723,524.00 |
+68.2% |
|
Development Finance |
$2,605,000.00 |
+88.5% |
|
Overall |
$3,743,249.00 |
+79.9% |