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ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

     

BENTON COUNTY

For Period July 1, 2000 – June 30, 2001

 

     

HOMEOWNERSHIP

For information on ADFA bonds issued for Homeownership during the period, see Statewide section.

 

Home-To-Own

 

Participating Lenders in Area:

1st Financial Bank, El Dorado, (870) 863-7000; www.ffb1.com

Arkansas National Bank, Bentonville, (501) 271-2800; www.arknatl.com

Arkansas National Bank, Rogers, (501) 619-2300; www.arknatl.com

Arvest Bank, Rogers, (501) 750-6107; (918) 337-3486; www.arvest.com

Arvest Mortgage Company, (501) 750-5440; www.arvest.com/mortgage/

Bank of America, Fayetteville-(501) 872-4000, (501) 521-4590, (501) 521-3692,

(501) 521-3691, (501) 521-3694; Springdale-(501) 872-4141,

(501) 872-4231, (501) 872-4221; (501) 872-4231, (501) 872-4215;

www.bankofamerica.com

Bank of Arkansas Mortgage, Bentonville, (501) 271-6800; www.bankofarkansas.com

Bank of Bentonville-Finance Center, (501) 271-3071, (501) 273-3331;

www.arvest.com/bob/

Countrywide Home Loans, (501) 587-3033; www.countrywide.com

First Arvest Bank, Siloam Springs, (501) 524-6404; www.arvest.com/fns/

First Security Bank, Bella Vista, (501) 855-7010;  www.firstsecuritybank.com/

First Western Mortgage, Inc., Rogers, (501) 936-2040; www.firstwesternbank.net

Moore Mortgage, Inc., (501) 770-4700; www.mooremortgage.com

Norwest Mortgage, Inc., (501) 221-2132; www.norwest.com

Pulaski Mortgage Company, (501) 444-8222; www.pulaskimortgage.com

Regions Bank, Bentonville, (501) 273-3301; www.regions.com

Regions Bank, Rogers, (501) 636-4233, (501) 631-2922; (501) 925-2525;

(501) 631-9499; www.regions.com

Simmons First Bank, Russellville, (501) 858-6296; (501) 967-8000

www.simmonsfirst.com/banknearyou

Simmons First Mortgage Company, Little Rock, (501) 223-4219;

          www.simmonsfirst.com/banknearyou

Simmons First Mortgage Company, Rogers, (501) 621-0900;

          www.simmonsfirst.com/banknearyou

Simmons First Mortgage Company, Siloam Springs, (501) 549-4100;

          www.simmonsfirst.com/banknearyou

Superior Federal Bank, (501) 452-8900; (501) 751-6772;

www.superiorfederalbank.com

United Bank, Springdale, (501) 756-8811

Wells Fargo Home Mortgage, Inc., Rogers, (501) 636-2445;

          www.norwest.com                    

 

FY 2001 Activity

                    No. of Loans:                                                                       163

                    Total Dollar Amount:                                                $11,185,602

                    Average Loan Amount:                                            $       68,623

 

Down Payment Assistance Program (See Congressional District 3 Page for listing of Homebuyer Counselors in the area)

 

          FY 2001 Activity

                    No. of Loans:                                                                      90

                    Total Dollar Amount:                                                  $220,801

                    Average Dollar Amount:                                             $    2,453

 

 

HOUSING PRODUCTION

(See Congressional District 3 Page for listing of Affordable Housing Partners)

For information on ADFA bonds issued for Housing Production during the period, see Statewide section.

 

          FY 2001 Activity

 

 

No. Units

 

Tax-Exempt Bonds

Low Income Hsng Tax Credits

 

HOME Funds

 

Total

 

 

 

 

 

 

Rental New Construction

95

$0

$502,623

$300,000

$802,623

 

 

 

 

 

 

Rental Rehab

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner New Construction

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner Rehab

0

$0

$0

$0

$0

 

 

 

 

 

 

Tenant Based Rental Assistance

 

60

 

$0

 

$0

 

$192,240

 

$192,240

 

 

 

 

 

 

Total

155

$0

$502,623

$492,240

$994,863

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$6,418

 

 

 

 

 

 

 

Home Investment Loans Originated by ADFA

          No. of Loans:                                                                      2

          Total Dollar Amount:                                                $599,000

          Average Dollar Amount:                                           $299,500

     

DEVELOPMENT FINANCE

For information on ADFA bonds issued for Development Finance during the period, see Statewide section.

 

          FY 2001 Activity

                       

 

Program

No. Projects

Project Amount

Average Project Amount

 

 

 

 

ADFA Bond Guaranty

0

$0

$0

 

 

 

 

AEDC/Other Bond Guaranty

0

$0

$0

 

 

 

 

Higher Education Facilities

0

$0

$0

 

 

 

 

Wastewater Revolving Loan

1

$5,500,000

$5,500,000

 

 

 

 

Safe Drinking Water Revolving Loan

0

$0

$0

 

 

 

 

Business Life Program

0

$0

$0

 

 

 

 

ADFA-Originated Loans

0

$0

$0

 

 

 

 

Bond Guaranty Reserve Fund

0

$0

$0

 

 

 

 

Capital Access Program

0

$0

$0

 

 

 

 

Disadvantaged Business Enterprise

0

$0

$0

 

 

 

 

TOTAL

1

$5,500,000

$5,500,000

 

 

TOTAL FUNDS FOR COUNTY IN FY 2001

 

$18,500,266

Back to Congressional District 3 / Back to Statewide Statistics