ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
WASHINGTON COUNTYPart of Congressional District 3 |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
6 |
$486,079.00 |
$81,013.17 |
$78,920.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
Arvest Mortgage Company, Lowell, AR |
2 |
$158,400.00 |
|
Bank of the Ozarks, Little Rock, AR |
1 |
$82,000.00 |
|
Pulaski Mortgage Company, Fayetteville, AR |
1 |
$75,840.00 |
|
Simmons First Mortgage of Little Rock, Rogers, AR |
1 |
$67,446.00 |
|
Simmons First Mortgage of Little Rock, Springdale, AR |
1 |
$102,393.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
6 |
$486,079.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
5 |
$404,079.00 |
|
VA |
0 |
$0.00 |
|
Conventional |
0 |
$0.00 |
|
Rural Development |
1 |
$82,000.00 |
|
Uninsured |
0 |
$0.00 |
|
Other |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
6 |
$486,079.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$36,197.50 |
$34,578.00 |
|
Minorities |
$0.00 |
$0.00 |
|
Average Household Size: |
2.0 |
|
|
|
|
Loan Cancellation Rate: |
33.3% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
4 |
$11,505.00 |
$2,876.25 |
66.7% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
Family Service Agency, Little Rock, AR |
4 |
$11,505.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
4 |
$11,505.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
4 |
$11,505.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
0.0% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
1 |
$3,640.00 |
$3,640.00 |
16.7% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
1 |
$3,640.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
1 |
$3,640.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
1 |
$3,640.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
0.0% |
|
TOTAL HOMEOWNERSHIP: |
$501,224.00 |
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 |
Program Statistics
HOME Allocations / Board Approvals FY 2005
|
|
No. Units |
HOME Funds |
|
Rental New Construction |
43 |
$1,200,000.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
5 |
$440,000.00 |
|
Homeowner Rehab or Mortgage Subsidy |
0 |
$0.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
|
Acq / Rehab |
0 |
$0.00 |
|
TOTAL |
48 |
$1,640,000.00 |
|
Average Amount per Unit |
|
$34,166.67 |
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. |
134 |
$1,105,795.00 |
$0.00 |
$1,105,795.00 |
$8,252.20 |
|
|
|
|
|
|
|
|
Total |
134 |
$1,105,795.00 |
$0.00 |
$1,105,795.00 |
$8,252.20 |
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: |
$2,745,795.00 |
Total Economic Impact
|
Local Jobs Supported |
289 |
|
Local Business Owners’ Income |
$2,679,040.00 |
|
Local Wages & Salaries |
$10,945,480.00 |
|
Local Government Revenue |
$1,845,480.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$15,470.000.00 |
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 |
0 |
$0.00 |
$0.00 |
|
Taxable Industrial Revenue Bonds |
0 |
$0.00 |
$0.00 |
|
TOTAL DEVELOPMENT FINANCE: |
$0.00 |
TOTAL FUNDS FOR WASHINGTON CNTY FY 2005
$3,247,019.00
Distribution of these total funds
|
|
|
% Change from Previous Year |
|
Homeownership |
$501,224.00 |
-78.5% |
|
Housing Production |
$2,745,795.00 |
+99.1% |
|
Development Finance |
$0.00 |
0.0% |
|
Overall |
$3,247,019.00 |
+27.3% |