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ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

 

CRITTENDEN 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:

First Trust Bank of Savings, West Memphis, (870) 732-4550

Bank of Arkansas Mortgage Company, www.bankofarkansas.com

First Horizon Home Loan Corporation, West Memphis, (870) 735-9501;

www.fhnlc.com

FT Mortgage Companies, (870) 735-9501

Guaranty Loan & Real Estate, West Memphis, (870) 735-3430

National Bank of Commerce, Marion, (870) 739-4421; www.nbcbank.com

NBC, Nashville, Tennessee, (870) 739-4421; www.nbcbank.com

Norwest Mortgage, Inc., Little Rock-(501) 221-2132; Jonesboro-(870) 932-9788

 www.norwest.com

Pulaski Mortgage Company, West Memphis, (870) 733-0475;

www.pulaskimortgage.com

Union Planters Bank, (870) 935-5521; (870) 239-9571; (870) 239-0571;

www.unionplanters.com

 

          FY 2001 Activity

                    No. of Loans:                                                                         127

                    Total Dollar Amount:                                                    $8,452,475

                    Average Loan Amount:                                                $     66,555

 

Down Payment Assistance Program (See Congressional District 1 Page for listing of Homebuyer Counselors in the area)

 

          FY 2001 Activity

                    No. of Loans:                                                                         41

                    Total Dollar Amount:                                                     $106,133

                    Average Dollar Amount:                                                $    2,589

 

 

HOUSING PRODUCTION

(See Congressional District 1 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

90

$0

$517,067

$0

$517,067

 

 

 

 

 

 

Rental Rehab

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner New Construction

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner Rehab

8

$0

$0

$491,626

$491,626

 

 

 

 

 

 

Tenant Based Rental Assistance

 

0

 

$0

 

$0

 

$0

 

$0

 

 

 

 

 

 

TOTAL

98

$0

$517,067

$491,626

$1,008,693

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$10,293

 

Home Investment Loans Originated by ADFA

          No. of Loans:                                                                                     4

          Total Dollar Amount:                                                               $398,500

          Average Dollar Amount:                                                          $  99,625

 

 

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

0

$0

$0

 

 

 

 

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

0

$0

$0

 

 

TOTAL FUNDS FOR COUNTY IN FY 2001

 

$9,965,801

Back to Congressional District 1 Back to Statewide Statistics