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ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2001

     

GARLAND 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) 7000; www.ffb1.com

Alliance Bank of Hot Springs, (501) 318-1000

Bank of America, Hot Springs, (501) 321-5049; (501) 321-8126; (501) 321-8119;

(501) 321-8178; (501) 321-8139; (501) 321-8237; www.bankofamerica.com

First Home Mortgage, Inc., Jonesboro, (870) 932-6693

First Trust Mortgage Company, (870) 732-4550

Firstar Home Mortgage, Hot Springs, (501) 321-5070; www.firstar.com

Malvern National Bank, Hot Springs, (501) 622-6600; (501) 760-6600;

www.onemoneyplace.com

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

Regions Mortgage, Inc., Arkadelphia-(870) 245-5604;

Little Rock-(501) 221-9364; www.regions.com

Superior Federal Bank, FSB, Hot Springs, (501) 623-9284; (501) 321-9330;

www.superiorfederal.com

 

          FY 2001 Activity

                    No. of Loans:                                                                          9

                    Total Dollar Amount:                                                    $554,786

                    Average Loan Amount:                                                $  61,643

 

Down Payment Assistance Program (See Congressional District 4 Page for listing of Homebuyer Counselors in the area)

 

          FY 2001 Activity

                    No. of Loans:                                                                          7

                    Total Dollar Amount:                                                     $17,633     

                    Average Dollar Amount:                                                $  2,519

 

  

HOUSING PRODUCTION

(See Congressional District 4 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

0

$0

$0

$0

$0

 

 

 

 

 

 

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

 

0

 

$0

 

$0

 

$0

 

$0

 

 

 

 

 

 

TOTAL

0

$0

$0

$0

$0

 

 

 

 

 

 

Average Amount per Unit

 

 

 

 

$0

 

 

 

 

 

 

 

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

1

$500,000

$500,000

 

 

 

 

Bond Guaranty Reserve Fund

0

$0

$0

 

 

 

 

Capital Access Program

1

$3,000

$3,000

 

 

 

 

Disadvantaged Business Enterprise

0

$0

$0

 

 

 

 

TOTAL

2

$503,000

$251,500

 

 

TOTAL FUNDS FOR COUNTY IN FY 2001

 

$1,075,419

Statewide Statistics / Back to Congressional District 4