ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
YELL COUNTYPart of Congressional District 2 |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
34 |
$2,185,093.00 |
$64,267.44 |
$65,550.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
Arkansas Federal Credit Union, Jacksonville, AR |
1 |
$44,650.00 |
|
Arvest Mortgage Company, Lowell, AR |
2 |
$149,050.00 |
|
Bank of Dardanelle, Russellville, AR |
19 |
$1,142,393.00 |
|
First Arkansas Valley Bank, Russellville, AR |
8 |
$586,450.00 |
|
4 |
$262,550.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
30 |
$1,826,143.00 |
|
New or Proposed Construction |
4 |
$358,950.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
10 |
$639,400.00 |
|
VA |
0 |
$0.00 |
|
Conventional |
9 |
$462,315.00 |
|
Rural Development |
15 |
$1,083,378.00 |
|
Uninsured |
0 |
$0.00 |
|
Other |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
17 |
$2,079,444.26 |
50.0% |
|
Minorities |
16 |
$70,848.74 |
47.1% |
|
Unknown |
1 |
$34,800.00 |
2.9% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$33,131.67 |
$28,332.04 |
|
Minorities |
$29,852.76 |
$32,136.00 |
|
Unknown |
$34,800.00 |
$21,792.00 |
|
Average Household Size: |
3.0 |
|
|
|
|
Loan Cancellation Rate: |
17.1% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
14 |
$36,957.00 |
$2,639.79 |
41.2% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
Arkansas River Valley Area Council, Inc., Dardanelle, AR |
2 |
$5,145.00 |
|
In Affordable Housing, Inc., Little Rock, AR |
1 |
$2,800.00 |
|
Universal Housing Development Corporation, Russellville, AR |
11 |
$29,012.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
11 |
$28,313.00 |
|
New or Proposed Construction |
3 |
$8,644.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
6 |
$14,513.00 |
42.8% |
|
Minorities |
7 |
$19,444.00 |
50.0% |
|
Unknown |
1 |
$3,000.00 |
7.1% |
|
Loan Cancellation Rate: |
14.4% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
6 |
$25,146.00 |
$4,191.00 |
17.6% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
6 |
$25,146.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
6 |
$25,146.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
1 |
$4,250.00 |
16.7% |
|
Minorities |
5 |
$20,896.00 |
83.3% |
|
Loan Cancellation Rate: |
25.0% |
|
TOTAL HOMEOWNERSHIP: |
$2,247,196.00 |
Total Economic Impact
|
Local Jobs Supported |
13 |
|
Local Business Owners’ Income |
$104,720.00 |
|
Local Wages & Salaries |
$470,920.00 |
|
Local Government Revenue |
$74,280.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$649,920.00 |
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 |
|
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: |
$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 |
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 YELL COUNTY FY 2005
$2,247,196.00
Distribution of these total funds
|
|
|
% Change from Previous Year |
|
Homeownership |
$2,247,196.00 |
+21.7% |
|
Housing Production |
$0.00 |
0.0% |
|
Development Finance |
$0.00 |
0.0% |
|
Overall |
$2,247,196.00 |
+21.7% |