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Statewide Statistics Fiscal Year 2006

Statistics by Congressional District

Congressional District 1

Congressional District 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 2006:  July 1, 2005 – June 30, 2006

With Comparison to FY 2005 Report

 

See “Statewide” Section for list of FY 2006 Bond Issuances

 

 

Statewide


HOMEOWNERSHIP

 

HOME-TO-OWN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

MEDIAN LOAN AMT.

2006

878

$69,857,511.61

$79,564.36

$75,142.50

2005

758

$57,592,677.00

$75,979.78

$75,631.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

Arkansas Federal Credit Union, Jacksonville, AR

2006

4

$344,153.00

2005

5

$364,700.00

Arkansas National Bank, Bentonville, AR

2006

0

$0.00

2005

4

$387,601.00

Arvest Mortgage Company, Lowell, AR

2006

54

$4,242,692.00

2005

72

$5,290,630.00

BancorpSouth, Fort Smith, AR

2006

24

$1,701,376.00

2005

26

$1,621,257.00

BancorpSouth, Van Buren, AR

2006

2

$105,254.00

2005

2

$129,535.00

Bank of Arkansas, Bentonville, AR

2006

1

$123,068.00

2005

0

$0.00

Bank of Dardanelle, Russellville, AR

2006

31

$2,039,782.00

2005

30

$1,877,251.00

Bank of the Ozarks, Little Rock, AR

2006

17

$1,608,489.53

2005

11

$851,572.00

Benefit Bank, Fort Smith, AR

2006

121

$9,291,871.00

2005

100

$8,049,719.00

Citizens Bank & Trust, Fort Smith, AR

2006

4

$312,207.00

2005

3

$154,635.00

Citizens Bank & Trust, Van Buren, AR

2006

5

$395,540.00

2005

3

$184,652.00

Community Home Lenders, Inc., Cabot, AR

2006

0

$0.00

2005

1

$82,148.00

Community First Bank, Harrison, AR

2006

43

$3,856,590.00

2005

23

$1,739,450.00

Cornerstone Mortgage Center, Little Rock, AR

2006

8

$623,836.00

2005

3

$195,812.00

Countrywide Home Loans, Inc., Jonesboro, AR

2006

0

$0.00

2005

1

$78,764.00

Countrywide Home Loans, Inc., North Little Rock, AR

2006

1

$85,655.00

2005

21

$1,758,286.00

Elk Horn Bank Trust, Arkadelphia, AR

2006

4

$312,500.00

2005

0

$0.00

Farmers Bank, Greenwood, AR

2006

0

$0.00

2005

4

$314,600.00

First Arkansas Mortgage, Jacksonville, AR

2006

2

$116,767.00

2005

3

$274,847.00

First Arkansas Valley Bank, Clarksville, AR

2006

6

$352,482.00

2005

1

$68,500.00

First Arkansas Valley Bank, Russellville, AR

2006

36

$2,643,557.00

2005

17

$1,279,100.00

First Arkansas Valley Bank, Searcy, AR

2006

1

$98,719.00

2005

1

$57,049.00

First Community Bank, Marion, AR

2006

1

$53,000.00

2005

0

$0.00

First Financial Bank, Fort Smith, AR

2006

2

$151,000.00

2005

2

$155,600.00

First Financial Bank, Jonesboro, AR

2006

1

$85,680.00

2005

1

$103,900.00

First Financial Bank, North Little Rock, AR

2006

1

$69,213.00

2005

1

$93,532.00

First Home Mortgage, Inc., Jonesboro, AR

2006

5

$285,550.00

2005

7

$397,953.00

First Horizon Home Loan Corporation, West Memphis, AR

2006

9

$950,980.00

2005

17

$1,622,023.00

First National Bank, Mountain Home, AR

2006

7

$579,019.00

2005

12

$760,248.00

First National Bank, Paris, AR

2006

27

$1,656,388.00

2005

23

$1,279,400.00

First National Bank, Wynne, AR

2006

1

$33,075.00

2005

1

$49,608.00

First Security Bank,  Conway, AR

2006

6

$469,430.00

2005

4

$354,004.00

First Security Bank, Searcy, AR

2006

17

$1,271,997.00

2005

15

$1,197,916.00

First Trust Bank for Savings, Jonesboro, AR

2006

0

$0.00

2005

1

$81,225/00

First Trust Bank for Savings, West Memphis, AR

2006

0

$0.00

2005

3

$191,980.00

First Western Mortgage, Inc., Booneville, AR

2006

2

$113,650.00

2005

4

$161,450.00

First Western Mortgage, Inc., Fort Smith, AR

2006

6

$421,950.00

2005

0

$0.00

Guaranty Loan and Real Estate, West Memphis, AR

2006

4

$471,050.00

2005

2

$214,750.00

Logan Finance Corporation, Blytheville, AR

2006

9

$524,050.00

2005

5

$328,250.00

Metropolitan National Bank, Little Rock, AR

2006

13

$1,079,610.00

2005

11

$877,243.00

Moore Mortgage, Little Rock, AR

2006

8

$523,629.00

2005

1

$60,025.00

Moore Mortgage, Lowell, AR

2006

4

$386,047.00

2005

6

$391,874.00

NARDIC, Fort Smith, AR

2006

2

$167,119.00

2005

7

$503,242.00

Priority Bank, Ozark, AR

2006

11

$808,030.00

2005

3

$212,500.00

Pulaski Mortgage Company, Bentonville, AR

2006

8

$842,149.00

2005

10

$817,445.00

Pulaski Mortgage Company, Bryant, AR

2006

8

$763,538.00

2005

7

$571,321.00

Pulaski Mortgage Company, Conway, AR

2006

1

$49,227.00

2005

1

$73,742.00

Pulaski Mortgage Company, Fayetteville, AR

2006

2

$218,077.00

2005

1

$75,840.00

Pulaski Mortgage Company, Forrest City, AR

2006

23

$1,645,999.00

2005

116

$10,062,370.00

Pulaski Mortgage Company, Little Rock, AR

2006

48

$3,772,647.00

2005

32

$2,359,374.00

Pulaski Mortgage Company, Russellville, AR

2006

1

$64,300.00

2005

0

$0.00

Pulaski Mortgage Company, West Memphis, AR

2006

121

$11,836,064.08

2005

4

$248,110.00

Regions Mortgage, Inc., Benton, AR

2006

2

$140,790.00

2005

2

$132,914.00

Regions Mortgage, Inc., Little Rock, AR

2006

24

$1,716,071.00

2005

31

$2,288,887.00

Regions Mortgage, Inc., Marion, AR

2006

1

$151,235.00

2005

0

$0.00

Regions Mortgage, Inc., Russellville, AR

2006

1

$50,115.00

2005

0

$0.00

Regions Mortgage, Inc., Searcy, AR

2006

3

$227,369.00

2005

1

$67,497.00

Simmons First Bank, Jonesboro, AR

2006

0

$0.00

2005

1

$109,000.00

Simmons First Bank, Russellville, AR

2006

20

$1,453,405.00

2005

6

$409,750.00

Simmons First Mortgage, Fort Smith, AR

2006

13

$1,013,944.00

2005

2

$125,900.00

Simmons First Mortgage Company, Little Rock, AR

2006

0

$0.00

2005

5

$366,046.00

Simmons First Mortgage, Lowell, AR

2006

0

$0.00

2005

1

$50,800.00

Simmons First Mortgage, Rogers, AR

2006

5

$497,027.00

2005

12

$1,086,603.00

Simmons First Mortgage, Russellville, AR

2006

0

$0.00

2005

9

$639,735.00

Simmons First Mortgage, Searcy, AR

2006

0

$0.00

2005

3

$231,071.00

Simmons First Mortgage, Springdale, AR

2006

0

$0.00

2005

3

$264,843.00

Simmons First Mortgage, Siloam Springs, AR

2006

1

$112,245.00

2005

3

$261,313.00

Simmons First National Bank, Pine Bluff

2006

57

$3,452,968.00

2005

36

$2,343,668.00

Simmons First National Bank, Searcy, AR

2006

5

$386,206.00

2005

0

$0.00

Summit Bank, Inc., Benton, AR

2006

5

$418,600.00

2005

1

$61,000.00

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

2006

20

$1,858,795.00

2005

12

$975,794.00

Union Bank of Benton, Benton, AR

2006

0

$0.00

2005

1

$102,655.00

United Bank, Little Rock, AR

2006

1

$87,526.00

2005

0

$0.00

United Bank, Lowell, AR

2006

3

$283,499.00

2005

0

$0.00

United Bank, Springdale, AR

2006

5

$460,701.00

2005

0

$0.00

U.S. Bank Home Mortgage, North Little Rock, AR

2006

0

$0.00

2005

2

$120,970.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

767

$57,828,322.61

2005

624

$44,831,204.00

New or Proposed Construction

2006

111

$12,029,189.00

2005

134

$12,761,473.00

 

Loans by Loan Type

 

Loan Type

FY

No. Loans

Dollar Amount

FHA

2006

517

$39,370,678.00

2005

488

$36,025,133.00

VA

2006

24

$2,223,082.00

2005

14

$1,285,079.00

Conventional

2006

55

$4,821,520.00

2005

20

$1,217,059.00

Rural Development

2006

282

$23,442,231.61

2005

236

$19,065,406.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

629

$50,338,765.61

71.6%

2005

502

$38,306,114.00

66.2%

Minorities

2006

248

$19,408,111.00

28.2%

2005

235

$17,622,683.00

31.0%

Unknown

2006

1

$110,635.00

0.1%

2005

21

$1,663,880.00

2.8%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$35,615.84

$34,584.00

2005

$63,019.64

$34,285.02

Minorities

2006

$34,602.88

$33,201.48

2005

$35,247.68

$36,174.00

Unknown

2006

$39,000.00

$39,000.00

2005

$41,539.45

$41,796.00

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

492

56.0%

2005

454

59.9%

Females

2006

380

43.3%

2005

291

38.4%

Unknown

2006

6

0.7%

2005

13

1.7%

 

FY 2006

Average Age of Head of Household:

 

32.3

FY 2005

 

30.7

 

FY 2006

Average Household Size:

 

2.4

FY 2005

 

2.4

 

 

 

 

FY 2006

Loan Cancellation Rate:

 

20.2%

FY 2005

 

20.5%

 

DOWN PAYMENT ASSISTANCE PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

320

$846,898.26

$2,646.56

36.4%

2005

370

$972,289.00

$2,627.80

48.8%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Argenta Neighborworks Homeownership Center, North Little Rock, AR

2006

9

$22,364.00

2005

38

$102,325.00

Arkansas River Valley Area Council, Inc., Dardanelle, AR

2006

8

$16,025.00

2005

3

$8,145.00

Black Community Development Program

2006

8

$23,150.00

2005

0

$0.00

Community Resource Technicians, Little Rock, AR

2006

14

$35,726.00

2005

21

$56,583.00

Crawford Sebastian CDC, Fort Smith, AR

2006

64

$170,806.00

2005

80

$205,024.00

Dream Makers Housing Counseling Agency, Pine Bluff, AR

2006

43

$116,079.00

2005

41

$113,216.00

EOA of Washington County

2006

3

$8,625.00

2005

0

$0.00

Family Service Agency, Little Rock, AR

2006

9

$25,642.00

2005

8

$20,974.00

In Affordable Housing, Inc., Little Rock, AR

2006

37

$103,552.26

2005

76

$201,151.00

Legal Aid of Arkansas, West Memphis, AR

2006

2

$5,900.00

2005

1

$1,424.00

Mississippi County EOC, Blytheville, AR

2006

43

$109,433.00

2005

75

$190,402.00

Promiseland CDC, Little Rock, AR

2006

1

$3,000.00

2005

0

$0.00

South Arkansas CDC

2006

1

$3,000.00

2005

0

$0.00

Universal Housing Development Corporation, Russellville, AR

2006

23

$62,825.00

2005

27

$73,045.00

Unknown

2006

55

$140,771.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

304

$800,653.26

2005

332

$869,907.00

New or Proposed Construction

2006

16

$46,245.00

2005

38

$102,382.00

Demographics

Ethnicity

FY

No. Loans

Dollar Amount

Pct

Non-Minorities

2006

217

$571,299.26

67.8%

2005

222

$581,839.00

60.0%

Minorities

2006

103

$275,599.00

32.2%

2005

127

$333,361.00

34.3%

Unknown

2006

0

$0.00

0.0%

2005

21

$57,089.00

5.7%

 

FY 2006

Loan Cancellation Rate:

 

20.0%

FY 2005

 

14.6%

 

ADDI LOAN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

124

$574,467.48

$4,632.80

14.1%

2005

44

$176,419.12

$4,009.53

5.8%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Argenta Neighborworks Homeownership Center, North Little Rock, AR

2006

3

$14,887.00

2005

1

$4,640.00

Arkansas River Valley Area Council, Inc., Dardanelle, AR

2006

1

$5,000.00

2005

0

$0.00

Black Community Development Program

2006

2

$7,920.00

2005

0

$0.00

Community Resource Technicians, Little Rock, AR

2006

15

$63,949.00

2005

4

$20,000.00

Crawford Sebastian CDC, Fort Smith, AR

2006

30

$185,890.00

2005

6

$20,509.00

Dream Makers Housing Counseling Agency, Pine Bluff, AR

2006

10

$31,141.00

2005

1

$4,455.00

Family Service Agency, Little Rock, AR

2006

9

$35,278.00

2005

2

$8,640.00

In Affordable Housing, Inc., Little Rock, AR

2006

20

$80,305.00

2005

11

$41,260.00

Legal Aid of Arkansas, West Memphis, AR

2006

2

$11,850.00

2005

0

$0.00

Mississippi County EOC, Blytheville, AR

2006

21

$92,666.48

2005

13

$51,769.12

Promiseland CDC, Little Rock, AR

2006

1

$3,700.00

2005

0

$0.00

South Arkansas CDC

2006

1

$5,000.00

2005

0

$0.00

Universal Housing Development Corporation, Russellville, AR

2006

6

$19,200.00

2005

6

$25,146.00

Unknown

2006

3

$17,681.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

108

$486,555.48

2005

35

$139,423.12

New or Proposed Construction

2006

16

$87,912.00

2005

9

$36,996.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Pct

Non-Minorities

2006

83

$398,837.98

66.9%

2005

24

$92,990.51

54.5%

Minorities

2006

41

$175,629.50

33.1%

2005

20

$83,428.61

45.5%

 

FY 2006

Loan Cancellation Rate:

 

36.7%

FY 2005

 

53.2%

 

TOTAL HOMEOWNERSHIP FY 2006:

$71,278,877.35

Total Homeownership FY 2005:

$58,741,385.12

Growth 05 to 06:

+17.6%

 

HOUSING PRODUCTION’s Program Statistics

 

HOME Allocations / Board Approvals

 

 

FY

No. Units

HOME Funds

Rental New Construction

2006

145

$5,060,000.00

2005

162

$4,926,570.00

Rental Rehab

2006

0

$0.00

2005

20

$800,000.00

Homeowner New Construction

2006

10

$880,000.00

2005

20

$1,693,750.00

Homeowner Rehab or Mortgage Subsidy

2006

112

$5,380,366.70

2005

179

$6,149,164.70

*Tenant Based Rental Assistance

2006

511

$1,990,222.97

2005

116

$592,384.00

Acq / Rehab

2006

56

$2,043,384.00

2005

81

$3,014,852.00

TOTAL

2006

834

$15,353,973.67

2005

578

$17,176,720.70

Average Amount per Unit

2006

 

$18,410.04

2005

 

$29,717.51

 

            * 100 tenants identified only as statewide - $273,350.00

 

Low-Income Housing Tax Credits / Board Approvals

 

 

 

 

FY

No. Units

 

Federal LIHTC

 

State LIHTC

 

Total Funds

Average

Per Unit

Total

2006

734

$6,745,219,00

$250,000.00

$6,995,219.00

$9,530.27

2005

1,309

$6,875,357.00

$250,000.00

$7,125,357.00

$5,443.36

 

Multifamily Housing Bonds

 

 

FY

No. Units

Dollar Amount

Average per Unit

Total

2006

0

$0.00

$0.00

2005

362

$20,200,000.00

$55,801.10

 

TOTAL HOUSING PRODUCTION FY 2006:

$22,349,342.67

Total Housing Production FY 2005:

$44,502,077.70

Growth 05 to 06:

-49.8%

 

DEVELOPMENT FINANCE’s Program Statistics

 

 

Program

 

FY

 

No. Projects

 

Project Amount

Average Project Amount

ADFA Bond Guaranty

2006

8

$15,840,000.00

$1,980,000.00

2005

3

$7,090,000.00

$2,363,333.33

ADED/Other Bond Guaranty

2006

3

$9,515,000.00

$3,171,666.67

2005

1

$3,470,000.00

$3,470,000.00

Higher Education Facilities

2006

1

$800,000.00

$800,000.00

2005

2

$1,585,000.00

$792,500.00

Wastewater Revolving Loan

2006

6

$36,250,000.00

$6,041,666.67

2005

1

$13,000,000.00

$13,000,000.00

Safe Drinking Water Revolving Loan

2006

4

$17,258,500.00

$4,314,625.00

2005

6

$26,000.000.00

$4,333,333.33

Bond Guaranty Reserve Fund

2006

1

$2,605,000.00

$2,605,000.00

2005

2

$420,000.00

$210,000.00

Capital Access Program

2006

12

$388,264.00

$32,355.33

2005

11

$617,071.00

$56,097.36

State Facilities Financing

2006

1

$40,110,000.00

$40,110,000.00

2005

6

$160,900,000.00

$26,816,666.67

Interim Loans with other Agencies

2006

0

$0.00

$0.00

2005

2

$11,425,000.00

$5,712,500.00

Special Projects Fund

2006

4

$18,720,000.00

$4,680,000.00

2005

14

$42,337,500.00

$3,024,107.14

Taxable Industrial Revenue Bonds

2006

0

$0.00

$0.00

2005

1

$5,530,000.00

$5,530,000.00

 

TOTAL DEV. FINANCE  FY 2006:

$141,486,764.00

Total DEV. FINANCE FY 2005:

$272,374,571.00

Growth 05 to 06:

-48.1%

 


 

TOTAL FUNDS FOR STATEWIDE FY 2006

$235,114,984.02

 

TOTAL FUNDS FOR STATEWIDE FY 2005
 

$375,618,033.82

GROWTH 05 TO 06

-37.4%
 


 

Arkansas Institutional Fund

Through 12/2005 - $1.75 million invested in Arkansas Companies by AIF funds and the co-investors

CUMULATIVE DOLLAR AMOUNT BY COUNTY AND PROGRAM TYPE

  

 

 

Homeownership

Housing Production

Development Finance

Total

County

CD

$ Amount

Rank

$ Amount

Rank

$ Amount

Rank

$ Amount

Rank

Arkansas

1

$76,841.00