FISCAL YEAR 2006

CONGRESSIONAL DISTRICT 1

Counties: Arkansas, Baxter, Clay, Cleburne, Craighead, Crittenden, Cross, Fulton, Greene, Independence, Izard, Jackson, Lawrence, Lee, Lonoke, Mississippi, Monroe, Phillips, Poinsett, Prairie, Randolph, Searcy, Sharp, St. Francis, Stone and Woodruff

HOMEOWNERSHIP

HOME-TO-OWN PROGRAM’s Loan Statistics

FY	NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	MEDIAN LOAN AMT.
*2006*	*203*	*$18,455,334.08*	*$90,912.98*	*$86,297.00*
2005	186	$15,467,802.00	$83,160.23	$79,323.00

Loans by Originator

Originator / Branch	FY	No. Loans	Dollar Amount
Arkansas Federal Credit Union, Little Rock, AR	*2006*	1	*$122,003.00*
Arkansas Federal Credit Union, Little Rock, AR	2005	0	$0.00
Arvest Mortgage Company, Lowell, AR	*2006*	0	*$0.00*
Arvest Mortgage Company, Lowell, AR	2005	2	$137,500.00
Bank of the Ozarks, Little Rock, AR	*2006*	8	*$779,897.00*
Bank of the Ozarks, Little Rock, AR	2005	4	$375,459.00
Community Home Lenders, Inc., Cabot, AR	*2006*	0	*$0.00*
Community Home Lenders, Inc., Cabot, AR	2005	1	$82,148.00
Countrywide Home Loans, Inc., Jonesboro, AR	*2006*	0	*$0.00*
Countrywide Home Loans, Inc., Jonesboro, AR	2005	1	$78,764.00
Countrywide Home Loans, Inc., North Little Rock, AR	*2006*	0	*$0.00*
Countrywide Home Loans, Inc., North Little Rock, AR	2005	3	$207,739.00
First Arkansas Mortgage, Jacksonville, AR	*2006*	0	*$0.00*
First Arkansas Mortgage, Jacksonville, AR	2005	1	$79,900.00
First Community Bank, Marion, AR	*2006*	1	*$53,000.00*
First Community Bank, Marion, AR	2005	0	$0.00
First Financial Bank, Jonesboro, AR	*2006*	1	*$85,680.00*
First Financial Bank, Jonesboro, AR	2005	1	$103,900.00
First Home Mortgage, Inc., Jonesboro, AR	*2006*	5	*$285,550.00*
First Home Mortgage, Inc., Jonesboro, AR	2005	7	$397,953.00
First Horizon Home Loan Corporation, West Memphis, AR	*2006*	9	*$950,980.00*
First Horizon Home Loan Corporation, West Memphis, AR	2005	17	$1,622,023.00
First National Bank, Mountain Home, AR	*2006*	7	*$579,019.00*
First National Bank, Mountain Home, AR	2005	8	$515,280.00
First National Bank, Wynne, AR	*2006*	1	*$33,075.00*
First National Bank, Wynne, AR	2005	1	$49,608.00
First Security, Searcy, AR	*2006*	6	*$471,669.00*
First Security, Searcy, AR	2005	3	$220,530.00
First Trust Bank for Savings, Jonesboro, AR	*2006*	0	*$0.00*
First Trust Bank for Savings, Jonesboro, AR	2005	1	$81,225.00
First Trust Bank for Savings, West Memphis, AR	*2006*	0	*$0.00*
First Trust Bank for Savings, West Memphis, AR	2005	3	$191,980.00
Guaranty Loan and Real Estate, West Memphis, AR	*2006*	5	*$551,550.00*
Guaranty Loan and Real Estate, West Memphis, AR	2005	2	$214,750.00
Logan Finance, Blytheville, AR	*2006*	9	*$524,050.00*
Logan Finance, Blytheville, AR	2005	5	$328,250.00
Priority Bank, Ozark, AR	*2006*	1	*$68,000.00*
Priority Bank, Ozark, AR	2005	0	$0.00
Pulaski Mortgage Company, Forrest City, AR	*2006*	23	*$1,645,999.00*
Pulaski Mortgage Company, Forrest City, AR	2005	116	$10,062,370.00
Pulaski Mortgage Company, Little Rock, AR	*2006*	1	*$93,430.00*
Pulaski Mortgage Company, Little Rock, AR	2005	3	$196,453.00
Pulaski Mortgage Company, West Memphis, AR	*2006*	*121*	*$11,836,064.08*
Pulaski Mortgage Company, West Memphis, AR	2005	4	$248,110.00
Regions Mortgage, Inc., Little Rock, AR	*2006*	2	*$150,292.00*
Regions Mortgage, Inc., Little Rock, AR	2005	0	$0.00
Regions Mortgage, Inc., Marion, AR	*2006*	1	*$151,235.00*
Regions Mortgage, Inc., Marion, AR	2005	0	$0.00
Simmons First Bank, Jonesboro, AR	*2006*	0	*$0.00*
Simmons First Bank, Jonesboro, AR	2005	1	$109,000.00
Simmons First Mortgage, Springdale, AR	*2006*	0	*$0.00*
Simmons First Mortgage, Springdale, AR	2005	1	$81,225.00
Simmons First National Bank, Pine Bluff, AR	*2006*	1	*$73,841.00*
Simmons First National Bank, Pine Bluff, AR	2005	0	$0.00
The Carroll Mortgage Group, Inc., Little Rock, AR	*2006*	0	*$0.00*
The Carroll Mortgage Group, Inc., Little Rock, AR	2005	1	$83,635.00

Loans by New or Existing

New or Existing	FY	No. Loans	Dollar Amount
Existing Construction	*2006*	*176*	*$14,719,915.08*
Existing Construction	2005	165	$12,973,041.00
New or Proposed Construction	*2006*	27	*$3,735,419.00*
New or Proposed Construction	2005	21	$2,494,761.00

Loans by Loan Type

Loan Type	FY	No. Loans	Dollar Amount
FHA	*2006*	95	*$8,200,968.00*
FHA	2005	109	$8,886,980.00
VA	*2006*	12	*$1,328,285.00*
VA	2005	5	$499,266.00
Conventional	*2006*	25	*$2,616,525.00*
Conventional	2005	3	$181,000.00
Rural Development	*2006*	71	*$6,309,556.08*
Rural Development	2005	69	$5,900,556.00

Demographics

Ethnicity	FY	No. Loans	Dollar Amount	Percent
Non-Minorities	*2006*	*155*	*$14,107,310.08*	*76.4%*
Non-Minorities	2005	131	$10,982,590.00	70.4%
Minorities	*2006*	48	*$4,348,024.00*	*23.6%*
Minorities	2005	51	$4,172,319.00	27.4%
Unknown	*2006*	0	*$0.00*	*0.0%*
Unknown	2005	4	$312,893.00	2.2%

Ethnicity	FY	Mean Income	Median Income
Non-Minorities	*2006*	*$40,329,26*	*$39,594.36*
Non-Minorities	2005	$40,254.99	$39,952.20
Minorities	*2006*	*$38,376.77*	*$36,218.04*
Minorities	2005	$38,041.97	$38,844.00
Unknown	*2006*	*$0.00*	*$0.00*
Unknown	2005	$44,265.45	$35,754.90

Gender-Head of Hshld	FY	No.	Pct.
Males	*2006*	*111*	*54.7%*
Males	2005	107	57.5%
Females	*2006*	91	*44.8%*
Females	2005	76	40.9%
Unknown	*2006*	1	*0.5%*
Unknown	2005	3	1.6%

*FY 2006*	Average Age of Head of Household:		*35.3*
FY 2005	Average Age of Head of Household:		27.2

*FY 2006*	Average Household Size:	*2.4*
FY 2005	Average Household Size:	2.3

*FY 2006*	Loan Cancellation Rate:	*5.6%*
FY 2005	Loan Cancellation Rate:	21.2%

DOWN PAYMENT ASSISTANCE PROGRAM’s Loan Statistics

FY	NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% OF H2O LOANS
*2006*	55	*$142,836.00*	*$2,597.02*	*27.1%*
2005	87	$217,785.00	$2,503.28	46.8%

Loans by Homebuyer Counselor

Counselor	FY	No. Loans	Dollar Amount
Community Resource Technicians, Little Rock, AR	*2006*	0	*$0.00*
Community Resource Technicians, Little Rock, AR	2005	1	$3,000.00
Dream Makers Housing Counseling Agency, Pine Bluff, AR	*2006*	1	*$3,000.00*
Dream Makers Housing Counseling Agency, Pine Bluff, AR	2005	2	$5,600.00
Family Service Agency, Little Rock, AR	*2006*	1	*$3,000.00*
Family Service Agency, Little Rock, AR	2005	1	$1,900.00
In Affordable Housing, Inc., Little Rock, AR	*2006*	0	*$0.00*
In Affordable Housing, Inc., Little Rock, AR	2005	7	$18,459.00
Legal Aid of Arkansas, West Memphis, AR	*2006*	2	*$5,900.00*
Legal Aid of Arkansas, West Memphis, AR	2005	1	$1,424.00
Mississippi County EOC, Blytheville, AR	*2006*	43	*$109,433.00*
Mississippi County EOC, Blytheville, AR	2005	75	$187,402.00
Unknown	*2006*	8	*$21,503.00*
Unknown	2005	0	$0.00

Loans by New or Existing

New or Existing	FY	No. Loans	Dollar Amount
Existing Construction	*2006*	50	*$128,486.00*
Existing Construction	2005	80	$201,017.00
New or Proposed Construction	*2006*	5	*$14,350.00*
New or Proposed Construction	2005	7	$16,768.00

Demographics

Ethnicity	FY	No. Loans	Dollar Amount	Pct
Non-Minorities	*2006*	41	*$107,315.00*	*74.5%*
Non-Minorities	2005	54	$139,403.00	62.1%
Minorities	*2006*	14	*$35,521.00*	*25.5%*
Minorities	2005	29	$68,598.00	33.3%
Unknown	*2006*	0	*$0.00*	*0.0%*
Unknown	2005	4	$9,784.00	4.6%

*FY 2006*	Loan Cancellation Rate:		*6.8%*
FY 2005	Loan Cancellation Rate:		6.8%

ADDI LOAN PROGRAM’s Loan Statistics

FY	NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% OF H2O LOANS
*2006*	30	*$137,787.48*	*$4,592.92*	*14.8%*
2005	12	$46,769.12	$3,897.43	6.5%

Loans by Homebuyer Counselor

Counselor	FY	No. Loans	Dollar Amount
Community Resource Technicians, Little Rock, AR	*2006*	4	*$21,946.00*
Community Resource Technicians, Little Rock, AR	2005	0	$0.00
Dream Makers Housing Counseling Agency, Pine Bluff, AR	*2006*	1	*$2,783.00*
Dream Makers Housing Counseling Agency, Pine Bluff, AR	2005	0	$0.00
In Affordable Housing, Inc., Little Rock. AR	*2006*	1	*$4,400.00*
In Affordable Housing, Inc., Little Rock. AR	2005	0	$0.00
Legal Aid of Arkansas, West Memphis, AR	*2006*	2	*$11,850.00*
Legal Aid of Arkansas, West Memphis, AR	2005	0	$0.00
Mississippi County EOC, Blytheville, AR	*2006*	21	*$92,666.48*
Mississippi County EOC, Blytheville, AR	2005	12	$46,769.12
Unknown	*2006*	1	*$4,142.00*
Unknown	2005	0	$0.00

Loans by New or Existing

New or Existing	FY	No. Loans	Dollar Amount
Existing Construction	*2006*	27	*$121,757.48*
Existing Construction	2005	12	$46,769.12
New or Proposed Construction	*2006*	3	*$16,030.00*
New or Proposed Construction	2005	0	$0.00

Demographics

Ethnicity	FY	No. Loans	Dollar Amount	Pct
Non-Minorities	*2006*	21	*$99,791.98*	*70.0%*
Non-Minorities	2005	7	$25,388.51	58.3%
Minorities	*2006*	9	*$37,995.50*	*30.0%*
Minorities	2005	5	$21,380.61	41.7%

*FY 2006*	Loan Cancellation Rate:		*23.1%*
FY 2005	Loan Cancellation Rate:		29.4%

TOTAL HOMEOWNERSHIP FY 2006:	*$18,735,957.56*
Total Homeownership FY 2005:	$15,732,356.12
Growth 05 to 06:	+16.0%

HOUSING PRODUCTION’s Program Statistics

HOME Allocations / Board Approvals

	FY	No. Units	HOME Funds
Rental New Construction	*2006*	77	*$2,560,000.00*
Rental New Construction	2005	69	$1,726,570.00
Rental Rehab	*2006*	0	*$0.00*
Rental Rehab	2005	10	$400,000.00
Homeowner New Construction	*2006*	5	*$440,000.00*
Homeowner New Construction	2005	5	$373,750.00
Homeowner Rehab or Mortgage Subsidy	*2006*	25	*$1,355,114.00*
Homeowner Rehab or Mortgage Subsidy	2005	59	$2,350,191.70
Tenant Based Rental Assistance	*2006*	*119*	*$360,355.42*
Tenant Based Rental Assistance	2005	0	$0.00
Acq / Rehab	*2006*	5	*$100,000.00*
Acq / Rehab	2005	20	$800,000.00
TOTAL	*2006*	*231*	*$4,815,469.42*
TOTAL	2005	163	$5,650,511.70
Average Amount per Unit	*2006*		*$20,846.19*
Average Amount per Unit	2005		$34,665.72

Low-Income Housing Tax Credits / Board Approvals

No. Units

Federal LIHTC

State LIHTC

Total Funds

Average

Per Unit

Total

2006

321

$3,368,805.00

$105,327.00

$3,474,132.00

$10,822.84

2005

359

$1,915,912.00

$170,000.00

$2,085,912.00

$5,810.34

Multifamily Housing Bonds

	FY	No. Units	Dollar Amount	Average per Unit
Total	*2006*	0	*$0.00*	*$0.00*
Total	2005	0	$0.00	$0.00

TOTAL HOUSING PRODUCTION FY 2006:	*$8,289,601.42*
Total Housing Production FY 2005:	$7,736,423.70
Growth 05 to 06:	+6.7%

DEVELOPMENT FINANCE’s Program Statistics

Program	FY	No. Projects	Project Amount	Average Project Amount
ADFA Bond Guaranty	*2006*	4	*$6,627,500.00*	*$1,656,875.00*
ADFA Bond Guaranty	2005	0	$0.00	$0.00
ADED/Other Bond Guaranty	*2006*	1	*$1,302,500.00*	*$1,302,500.00*
ADED/Other Bond Guaranty	2005	0	$0.00	$0.00
Higher Education Facilities	*2006*	0	*$0.00*	*$0.00*
Higher Education Facilities	2005	0	$0.00	$0.00
Wastewater Revolving Loan	*2006*	1	*$1,250,000.00*	*$1,250,000.00*
Wastewater Revolving Loan	2005	0	$0.00	$0.00
Safe Drinking Water Revolving Loan	*2006*	2	*$6,300,000.00*	*$3,150,000.00*
Safe Drinking Water Revolving Loan	2005	2	$10,000,000.00	$5,000,000.00
Bond Guaranty Reserve Fund	*2006*	1	*$2,605,000.00*	*$2,605,000.00*
Bond Guaranty Reserve Fund	2005	1	$280,000.00	$280,000.00
Capital Access Program	*2006*	1	*$14,764.00*	*$14,764.00*
Capital Access Program	2005	0	$0.00	$0.00
State Facilities Financing	*2006*	0	*$0.00*	*$0.00*
State Facilities Financing	2005	0	$0.00	$0.00
Interim Loans with other Agencies	*2006*	0	*$0.00*	*$0.00*
Interim Loans with other Agencies	2005	0	$0.00	$0.00
Special Projects Fund	*2006*	2	*$12,220,000.00*	*$6,110,000.00*
Special Projects Fund	2005	5	$10,490,000.00	$2,098,000.00
Taxable Industrial Revenue Bonds	*2006*	0	*$0.00*	*$0.00*
Taxable Industrial Revenue Bonds	2005	0	$0.00	$0.00

TOTAL DEV. FINANCE FY 2006:	*$30,319,764.00*
Total DEV. FINANCE FY 2005:	$20,770,000.00
Growth 05 to 06:	+31.5%

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 1

FY 2006

$57,345,912.98

TOTAL FUNDS FOR CONGRESSIONAL DISTRICT 1 FY 2005

$44,238,779.82

GROWTH 05 TO 06

+22.9%