REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2007: July 1, 2006 June 30, 2007
1st Half of FY2007 = July 1, 2006 December 31, 2006
2nd Half of FY2007 = January 1, 2007 June 30, 2007
BOONE County
in Congressional District 3
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
22 |
$1,904,702.00 |
$86,577.36 |
$82,560.00 |
|
01/2007 06/2007 |
22 |
$2,078,106.00 |
$94,459.36 |
$87,850.00 |
|
Total FY2007 |
44 |
$3,982,808.00 |
$90,518.36 |
$85,205.00 |
|
Loan Cancellation Rate Total FY2007: |
12.0% |
Loans by Originator / Branch
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Community First Bank, Harrison, AR |
21 |
$1,828,180.00 |
22 |
$2,078,106.00 |
43 |
$3,906,286.00 |
|
Liberty Bank of Arkansas, Springdale, AR |
1 |
$76,522.00 |
0 |
$0.00 |
1 |
$76,522.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
19 |
$1,536,702.00 |
|
01/2007 06/2007 |
19 |
$1,678,006.00 |
|
|
Total FY2007 |
38 |
$3,214,708.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
3 |
$368,000.00 |
|
01/2007 06/2007 |
3 |
$400,100.00 |
|
|
Total FY2007 |
6 |
$768,100.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
VA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Conventional |
07/2006 12/2006 |
2 |
$175,000.00 |
|
01/2007 06/2007 |
7 |
$547,270.00 |
|
|
Total FY2007 |
9 |
$722,270.00 |
|
|
Rural Development |
07/2006 12/2006 |
20 |
$1,729,702.00 |
|
01/2007 06/2007 |
15 |
$1,530,836.00 |
|
|
Total FY2007 |
35 |
$3,260,538.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
22 |
$1,904,702.00 |
100.0% |
$37,881.83 |
$38,107.80 |
|
01/2007 06/2007 |
22 |
$2,078,106.00 |
100.0% |
$40,348.08 |
$41,995.32 |
|
|
Total FY2007 |
44 |
$3,982,808.00 |
100.0% |
$39,114.96 |
$40,051.56 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
14 |
63.6% |
|
01/2007 06/2007 |
15 |
68.2% |
|
|
Total FY2007 |
29 |
65.9% |
|
|
Female |
07/2006 12/2006 |
8 |
36.4% |
|
01/2007 06/2007 |
7 |
31.8% |
|
|
Total FY2007 |
15 |
34.1% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
6 |
27.3% |
|
01/2007 06/2007 |
4 |
18.2% |
|
|
Total FY2007 |
10 |
22.7% |
|
|
23 to 30 |
07/2006 - 12/2006 |
8 |
36.4% |
|
01/2007 06/2007 |
12 |
54.5% |
|
|
Total FY2007 |
20 |
45.5% |
|
|
31 to 40 |
07/2006 12/2006 |
6 |
27.3% |
|
01/2007 06/2007 |
5 |
22.7% |
|
|
Total FY2007 |
11 |
25.0% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
4.5% |
|
01/2007 06/2007 |
1 |
4.5% |
|
|
Total FY2007 |
2 |
4.5% |
|
|
51 to 60 |
07/2006 12/2006 |
1 |
4.5% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
2.3% |
|
|
61 to 70 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
71+ |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Average Age |
07/2006 12/2006 |
29.0 |
|
|
01/2007 06/2007 |
27.8 |
||
|
Total FY2007 |
28.4 |
|
Average Household Size |
07/2006 12/2006 |
2.3 |
|
01/2007 06/2007 |
2.8 |
|
|
Total FY2007 |
2.6 |
Down Payment Assistance Program (DPA)
No Down Payment Assistance Program Activity FY2007
American Dream Downpayment Initiative (ADDI) Program
No American Dream Downpayment Initiative Program Activity FY2007
|
TOTAL HOMEOWNERSHIP: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$1,904,702.00 |
$2,078,106.00 |
$3,982,808.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Acquisition Rehab |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2006 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Homeowner Acquisition |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Homeowner New Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Homeowner Rehab or Mortgage Subsidy |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Rental New Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
10 |