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ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

 

FAULKNER 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

1st Security Bank, Searcy, (501) 279-3400; www.firstsecuritybank.com

Arvest Mortgage Company, (501) 750-6107; www.arvest.com/mortgage/

Bank of America, Conway, (501) 336-6720; (501) 336-6733; (501) 336-9800;

www.bankofamerica.com

Countrywide Home Loans, (501) 225-3100; www.countrywide.com

First Arkansas Mortgage, (501) 985-4056

First Community Bank, Conway, (501) 450-9800

First Service Bank, Greenbrier, (501) 679-7300

Firstar Home Mortgage Company, www.firstar.com

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

Regions Mortgage, Inc., Conway, (501) 450-4771; www.regions.com

Simmons First National Bank, Conway, (501) 329-7070; www.simmonsfirst.com

 

          FY 2001 Activity

                    No. of Loans:                                                                       39

                    Total Dollar Amount:                                                $2,652,070 

                    Average Loan Amount:                                            $     68,002

 

Down Payment Assistance Program (See Congressional District 2 Page for listing of Homebuyer Counselors in the area)

 

          FY 2001 Activity

                    No. of Loans:                                                                      18

                    Total Dollar Amount:                                                    $50,730     

                    Average Dollar Amount:                                               $  2,818

 

 

HOUSING PRODUCTION

(See Congressional District 2 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

116

$5,000,000

$205,498

$0

$5,205,498

 

 

 

 

 

 

Rental Rehab

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner New Construction

0

$0

$0

$0

$0

 

 

 

 

 

 

Homeowner Rehab

7

$0

$0

$201,177

$201,177

 

 

 

 

 

 

Tenant Based Rental Assistance

 

50

 

$0

 

$0

 

$150,000

 

$150,000

 

 

 

 

 

 

TOTAL

173

$5,000,000

$205,498

$351,177

$5,556,675

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$32,120

 

 

 

 

 

 

 

Home Investment Loans Originated by ADFA

          No. of Loans:                                                                                0

          Total Dollar Amount:                                                                    $0

          Average Dollar Amount:                                                               $0

 

     

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

 

$8,259,475

Back to Congressional District 2 / Back to Statewide Statistics