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Statewide Statistics Fiscal Year 2007

ADFA 2007 Financial Statement - Newr 7.gif (9786 bytes)

Program Activity FY 2006

Statistics by Congressional District

 

Congressional District 1

Congressional Destrict 2

Congressional District 3

Congressional District 4

Program Activity FY 2005

Program Activity FY 2004

Program Activity FY 2002 & 2003

Program Activity FY 2001
 

REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2007:   July 1, 2006 – June 30, 2007

1st Half of FY2007 = July 1, 2006 – December 31, 2006

2nd Half of FY2007 = January 1, 2007 – June 30, 2007

statewide

Note from ADFA Research Manager
October 2007

To Whom It May Concern:

Welcome to the FY2007 Annual Report of Program Activity.   With this sixth issue, I believe I have finally found the format which will be of greatest benefit to the user.   Future editions might have additional statistics for Housing Production and Development Finance Programs.

Purposes and advantages of this new format include:

1.         Even though this report is based on fiscal year (July 2006 – June 2007), calendar year data will be available by utilizing two years of the report.   For example, Calendar Year 2007  data will be available in this year’s report as January 2007 – June 2007 statistics and July 2007 – December 2007 will be presented in the FY2008 Annual Report of Program Activity.   The July 2007 – December 2007 data will be compiled in January 2008 but will not be posted on the web until September or October 2008.   If you need these statistics before it is posted to the ADFA web, please contact me as indicated below.

2.         More in-depth statistics at each level – i.e., county, Congressional District and Statewide – have been added for Homeownership.

3.         The format at each level will provide you ready access to the purpose of your review of the statistics.

a.         County Level – If you need statistics only for one county, this is the level that would be best for you to utilize.

b.         Congressional District Level – For comparative analyses of all counties within a Congressional District, this is the level to use.

c.         Statewide Level – For cumulative statistics for the whole state or by Congressional District with no need for statistics by county, this is the best level.

4.         Analytical text and graphs have been added after each category – Homeownership, Housing Production and Development Finance – at each of the Congressional District and Statewide format levels as Facts and Inferences.   There are more analyses that can be completed than presented here.   If federal, state, county or city official or if someone compiling statistics for a publication need different analyses, please contact Judy Brummett at contact information provided below.

Judy Brummett
Research & Special Projects Manager
Arkansas Development Finance Authority
P.O. Box 8023
Little Rock, AR   72203
Phone:  501-682-5917
Fax:  501-682-5939
Email Address: jbrummett@adfa.state.ar.us

 

NOTE:            Color coding of statistics provided in this report are as follows:

·        July 2006 – December 2006                       Black type

·        January 2007 – June 2007                         Blue Type

·        Total FY2007                                           Red Bold Italics Type

 

HOMEOWNERSHIP

Home-to-Own (H2O)

General Statistics

Time Period

Cong Dist

No. Loans

Dollar Amount

Mean Loan Amount

Median Loan Amount

07/2006 -12/2006

 

1

139

$13,870,040.86

$99,784.46

$91,673.50

2

124

$10,446,490.00

$84,245.89

$82,886.50

3

258

$23,301,906.00

$90,317.47

$88,100.00

4

52

$3,309,654.00

$63,647.19

$62,980.00

Subtotal

573

$50,928,090.86

$84,498.75

$81,410.00

01/2007 - 06/2007

 

1

145

$13,725,123.00

$94,656.02

$88,798.00

2

98

$8,833,486.00

$90,137.61

$88,455.00

3

267

$23,770,548.00

$89,028.27

$73,600.00

4

57

$4,030,514.00

$70,710.75

$65,000.00

Subtotal

567

$50,359,671.00

$86,133.16

$78,963.25

FY2007 TOTAL

1,140

$101,287,761.86

$85,315.96

$80,186.63

 

Loan Cancellation Rate – Total FY2007:

17.7%

 Loans by Originator / Branch

 

 

 

07/2006 - 12/2006

01/2007 - 6/2007

FY2007 Total

Originator / Branch

Cong. Dist.

No. Loans

Dollar Amount

No. Loans

Dollar Amount

No. Loans

Dollar Amount

1st Home Mortgage, Inc., Jonesboro, AR

1

3

$270,091.00

0

$0.00

3

$270,091.00

1st National Bank and Trust, Mountain Home, AR

1

2

$182,716.00

3

$222,237.00

5

$404,953.00

1st National Bank, Paris, AR

4

11

$680,230.00

7

$478,875.00

18

$1,159,105.00

1st Security, Searcy, AR

 

1

3

$275,453.00

0

$0.00

3

$275,453.00

2

4

$368,028.00

1

$122,035.00

5

$490,063.00

 

7

$643,481.00

1

$122,035.00

8

$765,516.00

Arkansas Federal Credit Union, Jacksonville, AR

2

3

$303,295.00

1

$93,227.00

4

$396,522.00

Arvest Mortgage Company, Lowell, AR

 

1

1

$82,416.00

0

$0.00

1

$82,416.00

2

4

$360,209.00

6

$579,184.00

10

$939,393.00

3

55

$5,436,300.00

61

$5,867,357.00

116

$11,303,657.00

4

1

$73,338.00

1

$88,609.00

2

$161,947.00

 

61

$5,952,263.00

68

$6,535,150.00

129

$12,487,413.00

BancorpSouth, Fort Smith, AR

 

1

2

$152,212.00

0

$0.00

2

$152,212.00

3

11

$881,849.00

10

$730,319.00

21

$1,612,168.00

 

13

$1,034,061.00

10

$730,319.00

23

$1,764,380.00

BancorpSouth, Jonesboro, AR

1

1

$52,000.00

0

$0.00

1

$52,000.00

Bank of America, West Memphis, AR

1

1

$110,767.00

0

$0.00

1

$110,767.00

Bank of Dardanelle, Russellville, AR

 

2

11

$742,340.00

0

$0.00

11

$742,340.00

3

3

$235,365.00

0

$0.00

3

$235,365.00

 

14

$977,705.00

0

$0.00

14

$977,705.00

Bank of Little Rock Mortgage, Benton, AR

 

2

0

$0.00

2

$218,671.00

2

$218,671.00

4

0

$0.00

1

$95,000.00

1

$95,000.00

 

0

$0.00

3

$313,671.00

3

$313,671.00

Bank of Little Rock Mortgage, North Little Rock, AR

 

1

0

$0.00

2

$157,050.00

2

$157,050.00

2

0

$0.00

2

$162,140.00

2

$162,140.00

4

0

$0.00

3

$251,750.00

3

$251,750.00

 

0

$0.00

7

$570,940.00

7

$570,940.00

Bank of the Ozarks, Little Rock, AR

 

1

3

$229,104.00

7

$830,344.00

10

$1,059,448.00

2

6

$471,503.00

8

$787,455.00

14

$1,258,958.00

3

3

$325,045.00

2

$170,200.00

5

$495,245.00

4

2

$190,000.00

0

$0.00

2

$190,000.00

 

14

$1,215,652.00

17

$1,787,999.00

31

$3,003,651.00

Benefit Bank, Fort Smith, AR

 

1

0

$0.00

1

$54,454.00

1

$54,454.00

3

61

$5,309,783.00

77

$6,927,504.00

138

$12,237,287.00

 

61

$5,309,783.00

78

$6,981,958.00

139

$12,291,741.00

Citizens Bank and Trust, Fort Smith, AR

3

1

$121,495.00

0

$0.00

1

$121,495.00

Citizens Bank and Trust, Van Buren, AR

3

3

$247,754.00

2

$174,470.00

5

$422,224.00

Community First Bank, Arkadelphia, AR

3

1

$67,100.00

2

$168,500.00

3

$235,600.00

Community First Bank, Harrison, AR

3

24

$2,096,520.00

24

$2,241,806.00

48

$4,338,326.00

Community First Bank, Pea Ridge, AR

3

5

$552,600.00

0

$0.00

5

$552,600.00

Elk Horn Bank Trust, Arkadelphia, AR

 

2

0

$0.00

1

$139,900.00

1

$139,900.00

4

3

$191,000.00

4

$291,200.00

7

$482,200.00

 

3

$191,000.00

5

$431,100.00

8

$622,100.00

Elk Horn Bank Trust, Hot Springs, AR

4

0

$0.00

1

$187,500.00

1

$187,500.00

England Lending, Cabot, AR

2

1

$98,500.00

0

$0.00

1

$98,500.00

First Arkansas Valley Bank, Russellville, AR

 

2

8

$728,793.00

3

$203,594.00

11

$932,387.00

3

18

$1,476,020.00

12

$1,004,005.00

30

$2,480,025.00

 

26

$2,204,813.00

15

$1,207,599.00

41

$3,412,412.00

First Arkansas Western Mortgage, Inc., Fort Smith, AR

3

8

$622,390.00

3

$229,825.00

11

$852,215.00

First Community Bank, Marion, AR

1

0

$0.00

1

$79,560.00

1

$79,560.00

First Financial Bank, Fort Smith, AR

3

2

$141,700.00

6

$424,150.00

8

$565,850.00

First Financial Bank, Jonesboro, AR

1

1

$83,836.00

4

$268,574.00

5

$352,410.00

First Horizon Home Loan Corp, West Memphis, AR

1

11

$1,128,602.00

7

$712,906.00

18

$1,841,508.00

First National Bank, Hot Springs, AR

4

0

$0.00

1

$122,000.00

1

$122,000.00

First Security Bank, Conway, AR

 

2

3

$341,320.00

3

$237,615.00

6

$578,935.00

3

0

$0.00

1

$95,716.00

1

$95,716.00

 

3

$341,320.00

4

$333,331.00

7

$674,651.00

First State Bank, Conway, AR

2

0

$0.00

1

$113,403.00

1

$113,403.00

First Western Mortgage, Inc., Booneville, AR

 

3

1

$61,000.00

0

$0.00

1

$61,000.00

4

0

$0.00

2

$86,150.00

2

$86,150.00

 

1

$61,000.00

2

$86,150.00

3

$147,150.00

First Western Mortgage, Inc., Rogers, AR

 

1

0

$0.00

1

$68,800.00

1

$68,800.00

3

1

$94,500.00

0

$0.00

1

$94,500.00

4

0

$0.00

2

$119,650.00

2

$119,650.00

 

1

$94,500.00

3

$188,450.00

4

$282,950.00

Global Mortgage, Inc., Benton, AR

3

0

$0.00

1

$75,480.00

1

$75,480.00

Guaranty Loan, West Memphis, AR

1

2

$284,950.00

1

$62,500.00

3

$347,450.00

Liberty Bank of Arkansas, Russellville, AR

 

2

0

$0.00

2

$160,000.00

2

$160,000.00

3

0

$0.00

13

$1,141,636.00

13

$1,141,636.00

4

0

$0.00

1

$43,350.00

1

$43,350.00

 

0

$0.00

16

$1,344,986.00

16

$1,344,986.00

Liberty Bank of Arkansas, Springdale, AR

3

2

$194,022.00

2

$180,959.00

4

$374,981.00

Logan Finance, Blytheville, AR

1

2

$205,500.00

1

$57,050.00

3

$262,550.00

Metropolitan National Bank, Little Rock, AR

 

1

1

$106,061.00

1

$96,735.00

2

$202,796.00

2

10

$748,410.00

5

$443,673.00

15

$1,192,083.00

 

11

$854,471.00

6

$540,408.00

17

$1,394,879.00

Moore Mortgage, Little Rock, AR

 

2

5

$411,063.00

8

$729,642.00

13

$1,140,705.00

3

1

$98,719.00

7

$742,995.00

8

$841,714.00

4

1

$87,624.00

2

$123,066.00

3

$210,690.00

 

7

$597,406.00

17

$1,595,703.00

24

$2,193,109.00

One Bank & Trust, Little Rock, AR

2

5

$532,300.00

2

$254,000.00

7

$786,300.00

Pinnacle Mortgage of Little Rock, Jacksonville, AR

 

1

1

$61,110.00

0

$0.00

1

$61,110.00

2

0

$0.00

1

$70,000.00

1

$70,000.00

 

1

$61,110.00

3

$324,000.00

4

$385,110.00

Priority Bank, Ozark, AR

3

17

$1,258,037.00

16

$1,116,940.00

33

$2,374,977.00

Pulaski Mortgage Company, Bentonville, AR

3

3

$372,100.00

0

$0.00

3

$372,100.00

Pulaski Mortgage Company, Conway, AR

 

1

0

$0.00

1

$109,777.00

1

$109,777.00

2

0

$0.00

2

$189,617.00

2

$189,617.00

 

0

$0.00

3

$299,394.00

3

$299,394.00

Pulaski Mortgage Company, Fayetteville, AR

3

1

$93,439.00

0

$0.00

1

$93,439.00

Pulaski Mortgage Company, Forrest City, AR

 

1

16

$1,267,231.00

18

$1,477,383.00

34

$2,744,614.00

2

0

$0.00

1

$74,000.00

1

$74,000.00

 

16

$1,267,231.00

19

$1,551,383.00

35

$2,818,614.00

Pulaski Mortgage Company, Little Rock, AR

 

2

35

$2,848,271.00

18

$1,664,960.00

53

$4,513,231.00

4

1

$54,568.00

0

$0.00

1

$54,568.00

 

36

$2,902,839.00

18

$1,664,960.00

54

$4,567,799.00

Pulaski Mortgage Company, Russellville, AR

3

1

$68,411.00

2

$175,205.00

3

$243,616.00

Pulaski Mortgage Company, West Memphis, AR

1

84

$8,915,413.00

91

$9,019,593.00

175

$17,935,006.00

Regions Mortgage, Inc., Benton, AR

 

2

5

$463,697.00

5

$415,477.00

10

$879,174.00

4

0

$0.00

1

$87,500.00

1

$87,500.00

 

5

$463,697.00

6

$502,977.00

11

$966,674.00

Regions Mortgage, Inc., Little Rock, AR

 

1

2

$173,280.00

3

$319,901.00

5

$493,181.00

2

10

$984,469.00

6

$545,294.00

16

$1,529,763.00

3

2

$184,918.00

1

$89,850.00

3

$274,768.00

4

0

$0.00

1

$76,198.00

1

$76,198.00

 

14

$1,342,667.00

11

$1,031,243.00

25

$2,373,910.00

Regions Mortgage, Inc., Marion, AR

1

1

$82,845.00

0

$0.00

1

$82,845.00

Regions Mortgage, Inc., Russellville, AR

4

1

$49,608.00

0

$0.00

1

$49,608.00

Regions Mortgage, Inc., Searcy, AR

 

1

1

$125,000.00

1

$82,845.00

2

$207,845.00

2

1

$59,529.00

0

$0.00

1

$59,529.00

 

2

$184,529.00

1

$82,845.00

3

$267,374.00

Regions Mortgage, Inc., Texarkana, AR

4

2

$140,417.00

2

$143,871.00

4

$284,288.00

River Town Bank, Russellville, AR

 

2

1

$49,875.00

1

$56,070.00

2

$105,945.00

3

0

$0.00

4

$248,800.00

4

$248,800.00

 

1

$49,875.00

5

$304,870.00

6

$354,745.00

Simmons 1st Bank, Jonesboro, AR

1

1

$81,453.00

0

$0.00

1

$81,453.00

Simmons First Bank, Russellville, AR

 

2

3

$248,750.00

0

$0.00

3

$248,750.00

3

7

$610,500.00

6

$501,600.00

13

$1,112,100.00

 

10

$859,250.00

6

$501,600.00

16

$1,360,850.00

Simmons First Mortgage of Little Rock, Fort Smith, AR

3

9

$710,530.00

9

$792,740.00

18

$1,503,270.00

Simmons First Mortgage of Little Rock, Rogers, AR

3

12

$1,397,806.00

5

$532,654.00

17

$1,930,460.00

Simmons First Mortgage of Little Rock, Siloam Springs, AR

3

4

$384,575.00

0

$0.00

4

$384,575.00

Simmons First National Bank, Pine Bluff, AR

 

2

1

$42,000.00

1

$110,269.00

2

$152,269.00

4

29

$1,783,340.00

27

$1,627,195.00

56

$3,411,135.00

 

30

$1,825,340.00

28

$1,737,464.00

58

$3,563,404.00

Simmons First National Bank, Searcy, AR

 

1

0

$0.00

1

$44,304.00

1

$44,304.00

2

0

$0.00

2

$150,837.00

2

$150,837.00

 

0

$0.00

3

$195,141.00

3

$195,141.00

Summit Bank, Inc., Benton, AR

2

1

$79,250.00

2

$119,673.00

3

$198,923.00

Summit Bank, Inc., Hot Springs, AR

2

0

$0.00

1

$104,300.00

1

$104,300.00

Telcoe Federal Credit Union, Little Rock, AR

2

1

$0.00

2

$261,284.00

3

$261,284.00

The Carroll Mortgage Group, Inc., Little Rock, AR

2

1

$101,753.00

4

$367,259.00

5

$469,012.00

United Bank of Springdale, Benton, AR

3

0

$0.00

1

$137,837.00

1

$137,837.00

United Bank of Springdale, Conway, AR

2

1

$85,463.00

0

$0.00

1

$85,463.00

United Bank of Springdale, Little Rock, AR

2

3

$256,270.00

0

$0.00

3

$256,270.00

US Bank Home Mortgage, North Little Rock, AR

 

1

0

$0.00

1

$61,110.00

1

$61,110.00

2

2

$121,402.00

7

$459,907.00

9

$581,309.00

4

0

$0.00

1

$53,349.00

1

$53,349.00

 

2

$121,402.00

9

$574,366.00

11

$695,768.00

Valley Bank, Springdale, AR

3

2

$259,428.00

0

$0.00

2

$259,428.00

Loans by New / Existing

Time Period

New or Existing

Congressional District

No. Loans

Dollar Amount

7/2006 - 12/2006

 

Existing

 

1

55

$5,439,258.00

2

105

$8,343,476.00

3

203

$17,400,537.00

4

49

$3,075,414.00

Subtotal

412

$34,258,685.00

1/2007 - 6/2007

 

1

127

$11,304,380.00

2

85

$7,257,252.00

3

221

$18,347,883.00

4

21

$1,412,003.00

Subtotal

454

$38,321,518.00

TOTAL FY2007 EXISTING

 

866

$72,580,203.00

7/2006 - 12/2006

 

New

 

1

84

$8,430,782.00

2

19

$2,103,014.00

3

55

$5,901,369.00

4

3

$234,240.00

Subtotal

161

$16,669,405.00

1/2007 - 6/2007

 

1

18

$2,402,743.00

2

13

$1,576,234.00

3

46

$5,422,665.00

4

36

$2,618,511.00

Subtotal

113

$12,020,153.00

TOTAL FY2007 NEW

 

274

$28,689,558.00

 

Loans by Loan Type

 

Time Period

Type

Cong Dist

No. Loans

Dollar Amount

07/2006 - 12/2006

 

Conventional

 

1

39

$4,218,827.00

2

15

$1,325,088.00

3

28

$2,878,043.00

4

2

$139,410.00

Subtotal

84

$8,561,368.00

1/2007 - 6/2007

 

1

47

$5,018,922.00

2

18

$1,684,800.00

3

40

$4,006,984.00

4

15

$1,224,875.00

Subtotal

120

$11,935,581.00

TOTAL FY2007 CONVENTIONAL

 

204

$8,561,488.00

7/2006 - 12/2006

 

FHA

 

1

52

$4,924,796.00

2

85

$7,154,059.00

3

121

$10,271,199.00

4

37

$2,229,499.00

Subtotal

295

$24,579,553.00

1/2007 - 6/2007

 

1

57

$4,755,537.00

2

70

$6,345,721.00

3

113

$9,714,030.00

4

35

$2,234,157.00

Subtotal

275

$23,049,445.00

TOTAL FY2007 FHA

 

570

$47,628,998.00

7/2006 - 12/2006

 

Rural Development

 

1

40

$4,019,970.00

2

20

$1,579,061.00

3

105

$9,680,266.00

4

10

$704,563.00

Subtotal

175

$15,983,860.00

1/2007 - 6/2007

 

1

35

$3,247,051.00

2

10

$802,965.00

3

108

$9,477,638.00

4

5

$382,450.00

Subtotal

158

$13,910,104.00

TOTAL FY2007 RURAL DEVELOPMENT

 

333

$29,893,964.00

7/2006 - 12/2006

 

VA

 

1

7

$638,447.00

2

3

$306,430.00

3

3

$322,498.00

4

3

$236,182.00

Subtotal

16

$1,503,557.00

1/2007-6/2007

 

1

6

$703,613.00

2

0

$0.00

3

4

$394,122.00

4

2

$189,032.00

Subtotal

12

$1,286,767.00

TOTAL FY2007 VA

 

28

$2,790,324.00

7/2006-12/2006

 

Unknown

 

1

1

$68,000.00

2

1

$81,852.00

3

1

$139,900.00

4

0

$0.00

Subtotal

3

$289,752.00

1/2007-6/2007

 

1

0

$0.00

2

0

$0.00

3

2

$177,774.00

4

0

$0.00

Subtotal

2

$177,774.00

TOTAL FY2007 UNKNOWN

 

5

$467,526.00

 

Borrowers’ Profile

 

Time

Ethnicity

Cong. Dist

No. Loans

Dollar Amount

7/2006 - 12/2006

 

Minority

 

1

41

$4,193,403.00

2

40

$3,339,884.00

3

39

$3,945,188.00

4

19

$1,099,138.00

Subtotal

139

$12,577,613.00

1/2007 - 6/2007

 

1

39

$3,525,035.00

2

37

$3,267,430.00

3

37

$3,356,564.00

4

20

$1,358,160.00

Subtotal

133

$11,507,189.00

TOTAL FY2007 MINORITY

 

272

$24,084,802.00

7/2006 - 12/2006

 

Non-Minority

 

1

98

$9,676,637.00

2

84

$7,106,606.00

3

218

$19,219,118.00

4

33

$2,210,516.00

Subtotal

433

$38,212,877.00

1/2007 - 6/2007

 

1

106

$10,200,088.00

2

60

$5,419,862.00

3

230

$20,413,984.00

4

37

$2,672,354.00

Subtotal

433

$38,706,288.00

TOTAL FY2007 NON-MINORITY

 

866

$76,919,165.00

7/2006 - 12/2006

 

Unknown

 

2

0

$0.00

3

1

$137,600.00

Subtotal

1

$137,600.00

1/2007 - 6/2007

 

2

1

$146,194.00

3

0

$0.00

Subtotal

1

$146,194.00

TOTAL FY2007 UNKNOWN

 

2

$283,794.00

 

Time

Ethnicity

Cong. Dist

Mean Income

Median Income

7/2006 - 12/2006

 

Minority

 

 

1

$38,350.10

$37,995.75

2

$39,456.75

$39,369.17

3

$34,895.87

$35,720.44

4

$31,214.17

$30,702.48

Subtotal

$35,979.22

$35,196.96

1/2007 - 6/2007

 

1

$49,287.45

$50,399.96

2

$37,765.16

$38,249.55

3

$29,476.07

$30,203.40

4

$34,867.34

$35,464.11

Subtotal

$37,849.01

$34,146.24

 AVERAGE FY2007 MINORITY

 

$36,914.12

$34,671.16

7/2006 - 12/2006

 

Non-Minority

 

 

1

$41,064.05

$40,217.51

2

$34,586.86

$34,690.11

3

$36,024.89

$36,383.46

4

$36,535.93

$36,258.85

Subtotal

$37,052.93

$36,887.48

1/2007 - 6/2007

 

1

$35,347.02

$35,837.02

2

$35,218.46

$36,027.52

3

$37,851.97

$37,839.88

4

$34,595.43

$34,876.22

Subtotal

$35,753.22

$36,145.16

 AVERAGE FY2007 NON-MINORITY

 

$36,403.08

$36,516.32

7/2006 - 12/2006

 

Unknown

 

2

$0.00

$0.00

3

$35,238.84

$35,238.84

Subtotal

$35,238.84

$35,238.84

1/2007 - 6/2007

 

2

$49,319.52

$49,319.52

3

$0.00

$0.00

Subtotal

$49,319.52

$49,319.52

 AVERAGE FY2007 UNKNOWN

 

$42,279.18

$42,279.18

 CD = Congressional District

 

 

Head of Household = Male

Head of Household = Female

Head of Household = Unknown

Time Period

CD

No.

Pct

No.

Pct

No.

Pct

07/2006 -12/2006

 

1

87

62.6%

51

36.7%

1

0.7%

2

56

45.2%

66

53.2%

2

1.6%

3

161

62.4%

90

34.9%

7

2.7%

4

25

48.1%

25

48.1%

2

3.8%

Subtotal 1st Half of FY2007

329

232

12

01/2007 - 6/2007

 

1

86

59.3%

53

36.6%

6

4.1%

2

52

53.1%

45

45.9%

1

1.0%

3

185

69.2%

78

29.2%

4

1.5%

4

28

49.1%

26

45.6%

3

5.3%

Subtotal 2nd Half of FY2007

351

202

14

                       

 

CD

7/2006 - 12/2006 Average Age

1/2007 - 6/2007 Average Age

FY2007 TOTAL Average Age

1

26.5

32.7

31.8

2

35.7

28.3

33.5

3

27.9

28.6

28.9

4

35.8

29.2

33.3

Statewide Average Age

31.5

29.7

31.9

 

CD

7/2006 - 12/2006 Average House Size

1/2007 - 6/2007 Average House Size

FY2007                Average House Size

1

2.3

2.3

2.3

2

2.5

2.5

2.5

3

2.5

2.6

2.5

4

2.4

2.7

2.6

Statewide Average House Size

2.4

2.5

2.5

Down Payment Assistance Program (DPA)

General Statistics

 

Time Period

No. Loans

 

Dollar Amount

 

Mean Loan Amount

 

% of H2O Loans

07/2006 – 12/2006

191

$667,634.50

$3,495.47

33.3%

01/2007 – 06/2007

215

$836,482.85

$3,890.62

37.9%

Total FY2007

406

$1,504,116.35

$3,729.35

35.6%

 

Loan Cancellation -  Total FY2007:

21.5%

 

Loans by Homebuyer Counselor

 

 

 

7/1/06 - 12/31/06

1/1/07 - 6/30/07

TOTAL FY 2007

HOMEBUYER COUNSELOR

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Argenta Neighborworks Homeownership Center

 

1

0

$0.00

2

$6,850.00

2

$6,850.00

2

1

$2,750.00

4

$14,900.00

5

$17,650.00

Subtotal

1

$2,750.00

6

$21,750.00

7

$24,500.00

ARVAC, Inc.

 

2

2

$10,425.00

1

$6,000.00

3

$16,425.00

3

1

$6,000.00

2

$9,068.00

3

$15,068.00

Subtotal

3

$16,425.00

3

$15,068.00

6

$31,493.00

Black Community Development Program, Inc.

.

1

1

$4,000.00

0

$0.00

1

$4,000.00

2

5

$17,900.00

2

$8,955.00

7

$26,855.00

Subtotal

6

$21,900.00

2

$8,955.00

8

$30,855.00

Chicot Housing Assistance Corporation

4

0

$0.00

1

$5,570.00

1

$5,570.00

Community Resources Tech

 

1

0

$0.00

3

$8,054.00

3

$8,054.00

2

12

$39,215.00

9

$38,182.00

21

$77,397.00

3

1

$1,824.00

0

$0.00

1

$1,824.00

Subtotal

13

$41,039.00

12

$46,236.00

25

$87,275.00

Crawford Sebastian CDC

 

1

0

$0.00

1

$3,190.00

1

$3,190.00

3

47

$148,943.50

54

$213,765.76

101

$362,709.26

4

2

$8,485.00

4

$18,264.00

6

$26,749.00

Subtotal

49

$157,428.50

59

$235,219.76

108

$392,648.26

Credit Counseling of Arkansas

3

2

$2,300.00

7

$34,987.00

9

$37,287.00

Crowley's Ridge Development Council

1

2

$6,275.00

1

$5,000.00

3

$11,275.00

Dream Makers Housing Counseling Agency, Inc.

 

2

7

$30,879.00

6

$32,676.00

13

$63,555.00

4

25

$79,180.00

20

$78,417.00

45

$157,597.00

Subtotal

32

$110,059.00

26

$111,093.00

58

$221,152.00

EOA of Washington County

 

3

23

$88,156.00

12

$47,068.09

35

$135,224.09

Family Service Agency

 

1

0

$0.00

1

$3,166.00

1

$3,166.00

2

1

$5,650.00

4

$18,150.00

5

$23,800.00

Subtotal

1

$5,650.00

5

$21,316.00

6

$26,966.00

In Affordable Housing, Inc.

 

2

10

$42,164.00

14

$59,249.00

24

$101,413.00

4

1

$3,667.00

1

$1,400.00

2

$5,067.00

Subtotal

11

$45,831.00

15

$60,649.00

26

$106,480.00

Legal Aid of Arkansas

 

1

3

$8,695.00

3

$12,716.00

6

$21,411.00

Mississippi County EOC

 

1

27

$86,404.00

43

$132,203.00

70

$218,607.00

Promise Land CDC

 

2

3

$14,067.00

0

$0.00

3

$14,067.00

South Arkansas Community Development

4

1

$4,775.00

1

$6,000.00

2

$10,775.00

Southern Good Faith Fund

4

0

$0.00

1

$3,390.00

1

$3,390.00

Universal Housing Development

 

2

7

$29,550.00

1

$6,000.00

8

$35,550.00

3

8

$26,330.00

10

$44,975.00

18

$71,305.00

Subtotal

15

$55,880.00

11

$50,975.00

26

$106,855.00

Unknown

 

1

0

$0.00

2

$4,311.00

2

$4,311.00

2

0

$0.00

1

$1,600.00

1

$1,600.00

3

0

$0.00

2

$9,820.00

2

$9,820.00

4

0

$0.00

2

$2,556.00

2

$2,556.00

Subtotal

0

$0.00

8

$18,287.00

8

$18,287.00

 

Loans by New / Existing

 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY 2007

EXISTING OR NEW

CD

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing  

 

 

1

31

$96,624.00

54

$168,836.00

85

$265,460.00

2

44

$179,175.00

35

$150,412.00

79

$329,587.00

3

75

$247,653.50

77

$318,343.85

152

$565,997.35

4

28

$93,222.00

29

$110,797.00

57

$204,019.00

Subtotal

178

$616,674.50

195

$748,388.85

373

$1,365,063.35

New

 

1

2

$8,750.00

2

$6,654.00

4

$15,404.00

2

4

$13,425.00

7

$35,300.00

11

$48,725.00

3

7

$25,900.00

10

$41,340.00

17

$67,240.00

4

1

$2,885.00

1

$4,800.00

2

$7,685.00

Subtotal

14

$50,960.00

20

$88,094.00

34

$139,054.00

 

Borrowers’ Profile

 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

 

1

10

$33,268.00

17

$49,864.00

27

$83,132.00

2

14

$62,278.00

14

$61,730.00

28

$124,008.00

3

14

$44,291.00

11

$42,473.09

25

$86,764.09

4

14

$40,550.00

14

$47,305.00

28

$87,855.00

Subtotal

52

$180,387.00

56

$201,372.09

108

$381,759.09

Non-Minority

 

1

23

$72,106.00

37

$120,600.00

60

$192,706.00

2

34

$130,322.00

27

$117,982.00

61

$248,304.00

3

68

$229,262.50

76

$317,210.76

144

$546,473.26

4

15

$55,557.00

16

$68,292.00

31

$123,849.00

Subtotal

140

$487,247.50

156

$624,084.76

296

$1,111,332.26

Unknown

 

1

0

$0.00

2

$5,026.00

2

$5,026.00

2

0

$0.00

1

$6,000.00

1

$6,000.00

3

0

$0.00

0

$0.00

0

$0.00

4

0

$0.00

0

$0.00

0

$0.00

Subtotal

0

$0.00

3

$11,026.00

3

$11,026.00


 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

CD

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN  INCOME

MEDIAN INCOME

Minority

 

1

$33,390.10

$33,124.01

$42,817.16

$43,645.49

$38,346.90

$38,233.66

2

$42,501.46

$42,701.08

$39,186.64

$38,037.99

$41,341.69

$41,279.42

3

$39,290.04

$39,388.84

$36,628.97

$35,870.69

$38,393.51

$38,098.18

4

$31,208.34

$35,005.16

$40,875.50

$40,866.00

$31,931.46

$33,381.28

Average for Minority

$36,597.49

$37,554.77

$39,877.07

$39,605.04

$37,503.39

$37,748.14

Non-Minority

 

1

$45,812.67

$46,304.89

$41,552.85

$41,475.79

$45,209.35

$45,264.35

2

$41,796.42

$42,585.29

$41,767.53

$42,842.84

$40,299.72

$41,267.54

3

$40,560.99

$41,274.45

$36,906.46

$35,087.21

$39,174.72

$38,215.40

4

$39,504.97

$38,421.37

$39,141.23

$38,790.03

$38,960.71

$38,512.71

Average for Non-Minority

$41,918.76

$42,146.50

$39,842.02

$39,548.97

$40,911.13

$40,815.00

Unknown

 

1

$45,385.92

$45,385.92

$47,882.64

$47,882.64

$46,634.28

$46,634.28

2

$0.00

$0.00

$49,319.52

$49,319.52

$49,319.52

$49,319.52

3

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

4

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Average for Unknown Ethnicity

$45,385.92

$45,385.92

$48,601.08

$48,601.08

$47,976.90

$47,976.90

FY2007 AVERAGE ALL ETHNICITIES

$41,300.72

$41,695.73

$42,773.39

$42,585.03

$42,130.44

$42,180.01

 

Gender of Head of Household

 

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Gender

Cong Dist

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

 

1

11

5.7%

20

9.3%

31

7.6%

2

23

12.0%

20

9.3%

43

10.6%

3

16

8.3%

19

8.8%

35

8.6%

4

14

7.3%

15

7.0%

29

7.1%

Subtotal

64

33.3%

74

34.4%

138

33.9%

Male

 

1

22

11.5%

35

16.3%

57

14.0%

2

25

13.0%

22

10.2%

47

11.5%

3

64

33.3%

66

30.7%

130

31.9%

4

15

7.8%

15

7.0%

30

7.4%

Subtotal

126

65.6%

138

64.2%

264

64.9%

Unknown

 

1

0

0.0%

1

0.5%

1

0.2%

2

0

0.0%

0

0.0%

0

0.0%

3

2

1.0%

2

0.9%

4

1.0%

4

0

0.0%

0

0.0%

0

0.0%

Subtotal

2

1.0%

3

1.4%

5

1.2%

 

Average Age of Head of Household

 

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

CD

Average Age

Average Age

Average Age

1

28.6

34.0

32.9

2

33.8

29.3

31.5

3

30.3

31.7

30.7

4

45.6

31.5

38.4

FY2007 TOTAL

34.6

31.6

33.4

 

Average Size of Household

 

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

CD

Average House Size

Average House Size

Average House Size

1

2.4

2.4

2.2

2

2.0

2.3

2.0

3

2.6

2.3

2.7

4

2.3

3.1

2.7

FY2007 Average House Size

2.3

2.5

2.4


 

American Dream Downpayment Initiative (ADDI) (ADDI) Program

General Statistics

 

 

Time Period

No. Loans

 

Dollar Amount

 

Mean Loan Amount

 

% of H2O Loans

07/2006 – 12/2006

60

$381,892.85

$6,364.88

10.5%

01/2007 – 06/2007

74

$423,812.81

$5,7217.20

13.1%

Total FY2007

134

$805,714.66

$6,012.80

11.8%

 

Loan Cancellation Rate - Total FY2007:

41.0%

 

Loans by Homebuyer Counselor

 

 

 

7/1/06 - 12/31/06

1/1/07 - 6/30/07

TOTAL FY 2007

HOMEBUYER COUNSELOR

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Argenta Neighborworks Homeownership Center

 

2

2

$14,000.00

5

$25,887.00

7

$39,887.00

ARVAC, Inc.

 

2

1

$3,202.00

0

$0.00

1

$3,202.00

3

1

$9,752.00

1

$9,842.00

2

$19,594.00

Subtotal

2

$12,954.00

1

$9,842.00

3

$22,796.00

Black Community Development Program, Inc.

2

2

$9,171.63

1

$5,168.00

3

$14,339.63

Community Resources Tech

 

1

1

$3,486.00

0

$0.00

1

$3,486.00

2

4

$23,200.00

7

$35,269.00

11

$58,469.00

Subtotal

5

$26,686.00

7

$35,269.00

12

$61,955.00

Crawford Sebastian CDC

 

3

10

$100,000.00

20

$115,422.70

30

$215,422.70

4

1

$4,900.00

0

$0.00

1

$4,900.00

Subtotal

11

$104,900.00

20

$115,422.70

31

$220,322.70

Dream Makers Housing Counseling Agency, Inc.

 

2

1

$5,340.00

1

$5,000.00

2

$10,340.00

4

1

$4,885.00

5

$25,010.00

6

$29,895.00

Subtotal

2

$10,225.00

6

$30,010.00

8

$40,235.00

EOA of Washington County

3

6

$38,839.00

5

$26,575.11

11

$65,414.11

Family Service Agency

 

1

1

$4,300.00

0

$0.00

1

$4,300.00

2

2

$7,568.00

2

$14,801.00

3

$22,369.00

3

0

$0.00

1

$3,874.00

1

$3,874.00

Subtotal

3

$11,868.00

3

$18,675.00

6

$30,543.00

In Affordable Housing, Inc.

 

2

6

$30,580.22

8

$46,117.00

14

$76,697.22

4

0

$0.00

1

$10,000.00

1

$10,000.00

Subtotal

6

$30,580.22

9

$56,117.00

15

$86,697.22

Legal Aid of Arkansas

1

2

$18,609.00

0

$0.00

2

$18,609.00

Mississippi County EOC

Mississippi County EOC

1

19

$104,060.00

14

$83,310.00

33

$187,370.00

Universal Housing Development

3

0

$0.00

3

$17,546.00

3

$17,546.00

 

Loans by New / Existing

 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY 2007

EXISTING OR NEW

CD

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

 

1

21

$113,823.00

14

$83,310.00

35

$197,133.00

2

18

$93,061.75

20

$105,939.00

38

$199,000.75

3

13

$109,121.00

22

$118,891.70

35

$228,012.70

4

1

$4,885.00

6

$25,010.00

7

$39,895.00

Subtotal

53

$320,890.75

62

$333,150.70

115

$754,714.56

New

 

1

2

$16,632.00

0

$0.00

2

$16,632.00

2

0

$0.00

4

$26,303.00

4

$26,303.00

3

4

$39,470.00

8

$54,368.11

12

$93,838.11

4

1

$4,900.00

0

$0.00

1

$4,900.00

Subtotal

7

$61,002.00

12

$80,671.11

19

$141,673.11

Borrowers’ Profile

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

 

1

10

$63,158.00

7

$36,984.00

17

$100,142.00

2

8

$40,294.00

10

$64,100.00

18

$104,394.00

3

4

$40,000.00

9

$30,364.00

13

$70,364.00

4

1

$4,885.00

4

$19,710.00

5

$24,595.00

 Subtotal for Minority

23

$148,337.00

30

$151,158.00

53

$299,495.00

Non-Minority

 

1

13

$67,297.00

7

$46,326.00

20

$113,623.00

2

10

$52,767.75

14

$68,142.00

24

$120,909.75

3

13

$108,591.00

21

$142,895.81

34

$251,486.81

4

1

$4,900.00

2

$15,300.00

3

$20,200.00

Subtotal for Non-Minority

37

$233,555.75

44

$272,663.81

84

$506,219.56

 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

CD

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN  INCOME

MEDIAN INCOME

Minority

 

1

$27,840.36

$30,753.18

$37,317.03

$37,317.03

$35,437.28

$35,437.28

2

$28,156.28

$29,058.54

$33,636.79

$33,076.35

$33,268.47

$33,268.47

3

$21,024.36

$23,700.78

$25,001.75

$25,160.34

$24,128.59

$24,542.44

4

$7,476.00

$7,476.00

$19,411.38

$19,666.56

$13,571.28

$13,571.28

Average for Minority

$21,124.25

$22,747.13

$28,841.74

$28,805.07

$26,676.41

$26,704.88

Non-Minority

 

1

$23,516.12

$22,438.03

$29,503.20

$28,108.20

$24,262.80

$24,262.80

2

$27,806.44

$27,631.39

$20,940.13

$20,740.59

$25,004.99

$25,004.99

3

$26,168.24

$26,537.24

$27,176.01

$26,572.84

$26,544.25

$26,386.17

4

$21,027.84

$21,027.84

$23,019.24

$23,019.24

$22,355.44

$22,355.44

Average for Non-Minority

$24,629,66

$24,406.13

$25,159.65

$24,610.22

$24,541.87

$24,279.15

 

Gender of Head of Household

 

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Gender

CD

No. Loans

Pct

No. Loans

Pct

No. Loans

Pct

Female

 

1

15

24.6%

6

8.1%

21

1.5%

2

9

14.8%

18

23.4%

27

5.2%

3

13

21.3%

8

10.8%

21

1.5%

4

2

4.9%

4

5.4%

6

0.0%

Subtotal

39

65.6%

36

48.6%

75

56.3%

Male

 

1

8

13.1%

6

8.1%

14

10.4%

2

8

13.1%

6

8.1%

14

0.7%

3

4

6.6%

20

27.0%

24

15.6%

4

0

0.0%

2

2.7%

2

17.8%

Subtotal

20

32.8%

34

5.1%

54

88.5%

Unknown

 

1

0

0.0%

2

2.7%

2

15.6%

2

1

1.6%

0

0.0%

1

10.4%

3

0

0.0%

2

2.7%

2

1.5%

4

0

0.0%

0

0.0%

0

20.0%

Subtotal

1

1.6%

4

6.6%

5

8.2%

Average Age of Head of Household

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

CD

Average Age

Average Age

Average Age

1

44.0

35.1

41.2

2

33.8

36.3

33.9

3

33.1

31.5

34.0

4

34.8

42.0

40.9

Average Age Statewide

36.4

36.2

37.5

Average House Size

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

CD

Average House Size

Average House Size

Average House Size

1

2.2

3.8

3.1

2

2.0

3.0

2.4

3

1.8

2.6

2.3

4

1.0

3.7

2.2

Average House Size Statewide

1.8

3.3

2.5

 

TOTAL HOMEOWNERSHIP:

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$51,977,617.35

$51,619,975.67

$103,597,593.02

       

 

Homeownership - Statewide

FACTS & INFERENCES (Graphs and Charts)

 HomeToOwn (H2O)

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Charts and Graphs

HOUSING PRODUCTION (HP)

Program Partners:

  • American Community Developers
  • Arkansas Land & Farm Development Corp
  • ASC Property Management, Inc. Dumas, AR
  • Boykin Enterprises, Little Rock, AR
  • Bradley County Industrial Development
  • Burleson Development, Benton, AR
  • Camden / Ouachita County
  • Centennial Apartments, Dumas, AR
  • Central Arkansas Planning & Development District
  • City of Augusta
  • City of Earle
  • City of Jericho
  • City of Joiner
  • City of McGehee
  • City of Murfreesboro
  • City of Sunset
  • City of West Memphis
  • City of Wilmar
  • Clements Homes, Inc.
  • Cottonwood Apartments LP
  • Crawford Sebastian CDC
  • Davis Nursing Association, Pine Bluff, AR
  • Family Service Agency, Inc., North Little Rock, AR
  • Foster, Files & Harris, Fort Smith, AR
  • Garth Development, North Little Rock, AR
  • Leisure Homes Corporation, Mountain Home, AR
  • McCormack, Baron, Salazar, Ragan, St. Louis, MO
  • Northwest Regional Housing Development Corporation, Harrison, AR
  • Ouachita Seniors & Retirees, Inc., Mena, AR
  • Phillips Development Corporation, Little Rock, AR
  • RichSmith Development LLC, North Little Rock, AR
  • Seaside Development LLC, Monticello, AR
  • Sunbelt Housing Development, Little Rock, AR
  • Vanadis Development Group, Little Rock, AR
  • White River Regional Housing Development, Melbourne, AR
  • William F. Puryear, Dumas, AR

 

HOME Allocations / Board Approvals by Type

 

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Type

CD

No. Units

Dollar Amount

No. Units

Dollar Amount

No. Units

Dollar Amount

Acquisition Rehab

 

1

0

$0.00

25

$900,000.00

25

$900,000.00

2

10

$400,000.00

10

$400,000.00

20

$800,000.00

3

0

$0.00

8

$300,001.00

8

$300,001.00

4

0

$0.00

38

$1,434,100.00

38

$1,434,100.00

Subtotal

10

$400,000.00

81

$3,034,101.00

91

$3,434,101.00

Homeowner Acquisition

 

1

0

$0.00

0

$0.00

0

$0.00

2

0

$0.00

0

$0.00

0

$0.00

3

0

$0.00

10

$400,000.00

10

$400,000.00

4

0

$0.00

0

$0.00

0

$0.00

Subtotal

0

$0.00

10

$400,000.00

10

$400,000.00

Homeowner New Construction

 

1

0

$0.00

0

$0.00

0

$0.00

2

0

$0.00

0

$0.00

0

$0.00

3

0

$0.00

0

$0.00

0

$0.00

4

0

$0.00

5

$467,500.00

5

$467,500.00

Subtotal

0

$0.00

5

$467,500.00

5

$467,500.00

Homeowner Rehab or Mortgage Subsidy

 

1

56

$2,462,895.73

15

$779,833.00

71

$3,242,728.73

2

0

$0.00

0

$0.00

0

$0.00

3

2.5

$68,700.85

19

$125,000.00

21.5

$193,700.85

4

11

$650,439.50

16

$904,623.00

27

$1,555,062.50

Subtotal

69.5

$3,182,036.08

50

$1,809,456.00

119.5

$4,991,492.08

Rental New Construction

 

1

0

$0.00

0

$0.00

0

$0.00

2

0

$0.00

40

$1,600,000.00

40

$1,600,000.00

3

2.5

$68,700.85

40

$1,325,000.00

42.5

$1,393,700.85

4

0

$0.00

48

$1,901,000.00

48

$1,901,000.00

Subtotal

2.5

$68,700.85

128

$4,826,000.00

130.5

$4,894,700.85

Rental Rehab

 

1

0

$0.00

0

$0.00

0

$0.00

2

0

$0.00

20

$800,000.00

20

$800,000.00

3

0

$0.00

0

$0.00

0

$0.00

4

0

$0.00

10

$400,000.00

10

$400,000.00

Subtotal

0

$0.00

30

$1,200,000.00

30

$1,200,000.00

Tenant Based Rental Assistance

 

1

104

$333,333.35

0

$0.00

104

$333,333.35

2

20.8

$66,666.67

26

$116,220.00

46.8

$182,886.67

3

0

$0.00

100

$459,927.00

100

$459,927.00

4

24

$81,504.00

10

$41,748.00

34

$123,252.00

Subtotal

148.8

$481,504,02

136

$617,895.00

284.8

$1,099,399.02

FY2007 Total

231

$4,132,240.95

440

$12,354,862.00

671

$16,487,102.95

 

Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)

 

CD

No. Units

Federal Fund Dollar Amount

State Funds Dollar Amount

Total Dollar Amount

1

80

$434,496.00

$55,345.00

$489,841.00

2

336

$2,696,804.00

$139,361.00

$2,836,165.00

3

176

$1,449,370.00

$0.00

$1,449,370.00

4

400

$3,019,613.00

$46,946.00

$3,066,559.00

FY2007 TOTAL

992

$7,600,283.00

$241,652.00

$7,841,935.00

 

Multifamily Housing Bonds

 

No Multifamily Housing Bond  Program Activity FY2007

 

TOTAL HOUSING PRODUCTION:

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$4,132,240.95

$20,196,797.00

$24,329,037.95

       

 

Housing Production – Statewide

FACTS & INFERENCES

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Bar Graphs


DEVELOPMENT FINANCE

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Type

CD

No. Projects

Dollar Amount

No. Projects

Dollar Amount

No. Projects

Dollar Amount

Average Per Unit

Bond Guaranty

 

1

3

$4,145,200.00

0

$0.00

3

$4,145,200.00

$1,381,733.33

2

1

$2,500,000.00

0

$0.00

1

$2,500,000.00

$2,500,000.00

3

0

$0.00

0

$0.00

0

$0.00

$0.00

4

3

$2,129,192.74

2

$7,080,000.00

5

$9,209,192.74

$1,841,838.55

Subtotal

7

$8,774,392.74

2

$7,080,000.00

9

$15,854,392.74

$1,761,599.19

Higher Education Facilities

 

1

0

$0.00

10

$24,170,000.00

10

$24,170,000.00

$2,417,000.00

2

0

$0.00

11

$65,360,148.00

11

$65,360,148.00

$5,941,831.64

3

0

$0.00

6

$33,753,892.00

6

$33,753,892.00

$5,625,648.67

3

0

$0.00

13

$26,995,960.00

4

$26,995,960.00

$6,748,990.00

Subtotal

0

$0.00

40

$150,280,000.00

31

$150,280,000.00

$4,847,741.94

Other

 

1

1

$398,000.00

0

$0.00

1

$398,000.00

$398,000.00

2

0

$0.00

0

$0.00

0

$0.00

$0.00

3

5

$1,306,124.50

6

$10,003,940.29

11

$11,310,064.79

$1,028,187.71

4

3

$760,392.00

0

$0.00

3

$760,392.00

$253,464.00

Subtotal

9

$2,464,516.50

6

$10,003,940.29

15

$12,468,456.79

$831,230.45

Safe  Drinking Water Revolving Loan Fund

1

0

$0.00

0

$0.00

0

$0.00

$0.00

2

0

$0.00

0

$0.00

0

$0.00

$0.00

3

0

$0.00

0

$0.00

0

$0.00

$0.00

4

1

$750,000.00

2

$5,750,000.00

3

$6,500,000.00

$2,166,666.67

Subtotal

1

$750,000.00

2

$5,750,000.00

3

$6,500,000.00

$2,166,666.67

State Facilities Financing

 

1

0

$0.00

0

$0.00

0

$0.00

$0.00

2

0

$0.00

0

$0.00

0

$0.00

$0.00

3

0

$0.00

0

$0.00

0

$0.00

$0.00

4

0

$0.00

0

$0.00

0

$0.00

$0.00

Subtotal

0

$0.00

0

$0.00

0

$0.00

$0.00

Wastewater Revolving Loan Fund

 

1

0

$0.00

0

$0.00

0

$0.00

$0.00

2

0

$0.00

0

$0.00

0

$0.00

$0.00

3

0

$0.00

0

$0.00

0

$0.00

$0.00

4

1

$2,300,000.00

0

$0.00

1

$2,300,000.00

$2,300,000.00

Subtotal

1

$2,300,000.00

0

$0.00

1

$2,300,000.00

$2,300,000.00

 

DEVELOPMENT FINANCE:

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$14,288,909.24

$173,113.940.29

$187,402,849.49

       

 

Development Finance – Statewide

FACTS & INFERENCES

 

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 Bar Graph

 

 

OTHER PROGRAM(S)

 

Arkansas Institutional Fund – Venture Capital Program

FY2007 Total Invested in Arkansas Companies = $1,850,000.00

Rehab / Disability Loan Program

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

CD

No. Loans

Dollar Amount

No. Loans

Dollar Amount

No. Loans

Dollar Amount

Average Per Unit

1

1

3,466.00

1

$20,000.00

2

$23,466.00

$11,733.00

2

1

8,050.00

4

$32,766.00

5

$40,816.00

$8,163.20

3

1

4,566.00

1

$700.00

2

$5,266.00

$2,633.00

4

0

0.00

2

$3,700.00

2

$3,700.00

$1,850.00

FY2007 TOTAL

3

16,082.00

8

$57,166.00

11

$73,248.00

$6,658.91

 


 

 

TOTAL FUNDS FOR

statewide

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$70,414,849.54

$244,987,878.90

$315,402,728.49

+ AIF $1,850,000.00

$317,252,728.49

 

FY2007 BOND ISSUANCE

 

Series Name

Bond Type

Closing Date

Series Amount

Economic Development Bonds Taxable 2006 Series A, Tax Exempt Series B

Development Finance

7/25/2006

$7,375,000.00

Single Family Mortgage Revenue Bonds, Series 2006 C

Mortgage Revenue Bonds

7/25/2006

$49,000,000.00

Student Loan Guaranty Foundation of Arkansas Project, Tax-Exempt Series A

Development Finance

7/28/2006

$7,435,000.00

Student Loan Guaranty Foundation of Arkansas Project, Taxable Series B

Development Finance

7/28/2006

$140,000.00

Single Family Mortgage Revenue Bonds, Series 2006 D (AMT)

Mortgage Revenue Bonds

11/15/2006

$25,000,000.00

Single Family Mortgage Revenue Bonds, Series 2006 E (AMT) (Variable Rate)

Mortgage Revenue Bonds

11/15/2006

$10,000,000.00

ADFA/ADED Guaranty Program, Taxable 2007 Series A

Development Finance

3/1/2007

$2,875,000.00

ADFA/ADED Guaranty Program, Tax-Exempt Series 2007 B

Development Finance

3/1/2007

$8,710,000.00

Higher Education General Obligation Bonds, Series 2007 A

General Obligation Bonds (Tax-Exempt)

3/15/2007

$99,595,000.00

Higher Education General Obligation Bonds, Series 2007 B

General Obligation Bonds (Tax-Exempt)

3/15/2007

$126,825,000.00

Higher Education General Obligation Bonds, Series 2007 C

General Obligation Bonds (Taxable)

3/15/2007

$16,435,000.00

Single Family Mortgage Revenue Bonds, Series 2007 A (Non-Amt)

Mortgage Revenue Bonds

4/25/2007

$2,925,000.00

Single Family Mortgage Revenue Bonds, Series 2007 B (AMT)

Mortgage Revenue Bonds

4/25/2007

$62,055,000.00

Single Family Mortgage Revenue Bonds, Series 2007 C (AMT)(Variable Rate)

Mortgage Revenue Bonds

4/25/2007

$14,285,000.00

TOTAL BOND ISSUANCE FY2007

 

 

$432,655,000.00

 

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07 Bond Issuance by Bond Type

 

Professionals Associated with  Bond Issuance FY2007

 

  • AG Edwards & Sons
  • Arkansas Department of Higher Education
  • Citigroup
  • Crews & Associates, Inc.
  • First Southwest Company
  • Friday Eldredge & Clark LLP
  • Hawkins Delafield and Wood LLP
  • Morgan Keegan & Company
  • Simmons First Trust Company, N.A.
  • State Street Bank & Trust Company
  • Stephens, Inc.
  • Student Loan Guaranty Foundation of Arkansas
  • The Depository Trust Company
  • Williams & Anderson PLC
  • Winston & Sharon LLP

 

 

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