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REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2006:  July 1, 2005 – June 30, 2006

With Comparison to FY 2005 Report
 

See “Statewide” Section for list of FY 2006 Bond Issuances

 

 

CONWAY COUNTY Part of Congressional District 2

 

 

HOMEOWNERSHIP

 

HOME-TO-OWN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

MEDIAN LOAN AMT.

2006

3

$138,155.00

$46,051.67

$40,600.00

2005

1

$73,742.00

$73,742.00

$73,742.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

First Arkansas Valley Bank, Russellville, AR

2006

1

$40,600.00

2005

0

$0.00

First Security Bank, Conway, AR

2006

1

$62,505.00

2005

0

$0.00

Pulaski Mortgage Company, Conway, AR

2006

0

$0.00

2005

1

$73,742.00

Simmons First Bank, Russellville, AR

2006

1

$35,050.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

3

$138,155.00

2005

1

$73,742.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Loans by Loan Type

 

Loan Type

FY

No. Loans

Dollar Amount

FHA

2006

3

$138,155.00

2005

1

$73,742.00

VA

2006

0

$0.00

2005

0

$0.00

Conventional

2006

0

$0.00

2005

0

$0.00

Rural Development

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

3

$138,155.00

100.0%

2005

1

$73,742.00

100.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$18,670.44

$17,616.00

2005

$58,764.00

$58,764.00

Minorities

2006

$0.00

$0.00

2005

0

$0.00

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

1

33.3%

2005

0

0.0%

Females

2006

2

66.7%

2005

1

100.0%

 

FY 2006

Average Age of Head of Household:

 

33.7

FY 2005

 

40.0

 

FY 2006

Average Household Size:

 

1.3

FY 2005

 

3.0

 

 

 

 

FY 2006

Loan Cancellation Rate:

 

40.0%

FY 2005

 

0.0%

 

DOWN PAYMENT ASSISTANCE PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

1

$3,000.00

$3,000.00

33.3%

2005

1

$3,000.00

$3,000.00

100.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Arkansas River Valley Area Council, Inc., Dardanelle, AR

2006

1

$3,000.00

2005

0

$0.00

In Affordable Housing, Inc., Little Rock, AR

2006

0

$0.00

2005

1

$3,000.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

1

$3,000.00

2005

1

$3,000.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

1

$3,000.00

100.0%

2005

1

$3,000.00

100.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

FY 2006

Loan Cancellation Rate:

 

0.0%

FY 2005

 

0.0%

 

ADDI LOAN PROGRAM’S Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

2

$5,454.00

$2,727.00

66.7%

2005

0

$0.00

$0.00

0.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Universal Housing Development Corporation, Russellville, AR

2006

2

$5,454.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

2

$5,454.00

2005

0

$0.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities