ANNUAL REPORT OF PROGRAM ACTIVITY

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

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

POPE COUNTY

Part of Congressional District 3

HOMEOWNERSHIP

HOME-TO-OWN PROGRAM

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	MEDIAN LOAN AMT.
33	*$2,450,559.00*	*$74,259.36*	*$73,650.00*

Loans by Originator

Originator / Branch	No. Loans	Dollar Amount
Arvest Mortgage Company, Lowell, AR	7	*$577,716.00*
Bank of Dardanelle, Russellville, AR	10	*$668,058.00*
First Arkansas Valley Bank, Russellville, AR	9	*$692,650.00*
Simmons First Bank, Russellville, AR	7	*$512,135.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	30	*$2,138,159.00*
New or Proposed Construction	3	*$312,400.00*

Loans by Loan Type

Loan Type	No. Loans	Dollar Amount
FHA	14	*$1,010,001.00*
VA	2	*$152,551.00*
Conventional	2	*$131,805.00*
Rural Development	15	*$1,156,202.00*
Uninsured	0	*$0.00*
Other	0	*$0.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	21	*$1,491,824.00*	*63.6%*
Minorities	12	*$958,735.00*	*36.4%*

Ethnicity	Mean Income	Median Income
Non-Minorities	*$35,881.59*	*$36,792.00*
Minorities	*$29,913.54*	*$22,626.36*

Average Household Size:	*2.3*

Loan Cancellation Rate:	*13.2%*

DOWN PAYMENT ASSISTANCE PROGRAM

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% of H2O (1^ST) LOANS
13	*$35,920.00*	*$2,763.08*	*39.4%*

Loans by Homebuyer Counselor

Counselor	No. Loans	Dollar Amount
In Affordable Housing, Inc., Little Rock, AR	1	*$3,000.00*
Universal Housing Development Corporation, Russellville, AR	12	*$32,920.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	13	*$35,920.00*
New or Proposed Construction	0	*$0.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	7	*$17,920.00*	*53.8%*
Minorities	6	*$18,000.00*	*46.2%*

Loan Cancellation Rate:

7.1%

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:

8.3%

TOTAL HOMEOWNERSHIP:

$2,486,479.00

Total Economic Impact

Local Jobs Supported	9
Local Business Owners’ Income	*$78,540.00*
Local Wages & Salaries	*$353,190.00*
Local Government Revenue	*$55,710.00*

TOTAL MONETARY IMPACT	*$487,440.00*

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	1	*$3,470,000.00*	*$3,470,000.00*
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	*$3,470,000.00*	*$3,470,000.00*
Taxable Industrial Revenue Bonds	1	*$5,530,000.00*	*$5,530,000.00*

TOTAL DEVELOPMENT FINANCE:

$12,470,000.00

TOTAL FUNDS FOR POPE COUNTY FY 2005

$14,956,479.00

Distribution of these total funds

		% Change from Previous Year
Homeownership	$2,486,479.00	+2.0%
Housing Production	$0.00	0.0%
Development Finance	$12,470,000.00	+100.0%
Overall	$14,956,479.00	+83.7%