Message from ADFA President Mac Dodson
 |
Statewide Statistics
|
Fiscal Year 2002: 7/1/01 – 6/30/02
&
Fiscal Year 2003: 7/1/02 – 6/30/03
Home-To-Own
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
2,156 |
$135,400,973.00 |
$62,801.94 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
1,396 |
$99,302,491.00 |
$71,133.59 |
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
Ethnicity |
65.4% |
34.65 |
100.0% |
|
Average Income |
$32,778.99 |
$33,000.51 |
$32,779.78 |
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2002 |
918 |
$2,386,341.80 |
$2,599.50 |
|
% of H2O Loans |
57.3% |
|
|
|
Period |
No. Loans |
Dollar Amount |
Average Loan Amt. |
|
FY2003 |
722 |
$1,907,361.00 |
$2,641.77 |
|
% of H2O Loans |
51.7% |
|
|
|
|
|
|
|
|
|
Non-Minorities |
Minorities |
Total |
|
Ethnicity |
57.8% |
42.2% |
100.0% |
|
Average Income |
$32,419.75 |
$33,226.10 |
$33,239.16 |
TOTAL HOMEOWNERSHIP FY 2002: $137,787,314.80
TOTAL HOMEOWNERHSIP FY 2003: $ 95,209,852.00
FY 2002 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
871 |
$0.00 |
$3,892,750.00 |
$700,000.00 |
$4,592,750.00 |
|
Rental Rehab |
350 |
$0.00 |
$1,356,203.00 |
$937,621.00 |
$2,293,824.00 |
|
Homeowner New Construction |
6 |
$0.00 |
$0.00 |
$200,000.00 |
$200,000.00 |
|
Homeowner Rehab |
172 |
$0.00 |
$0.00 |
$7,030,987.65 |
$7,030,987.65 |
|
Tenant Based Rental Assistance |
180 |
$0.00 |
$0.00 |
$517,513.00 |
$517,513.00 |
TOTAL |
1,579 |
$0.00 |
$5,248,953.00 |
$9,386,121.65 |
$14,635,074.65 |
|
Average Amount per Unit |
|
$9,268.57 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
21 |
26 |
|
Total Dollar Amount: |
$4,114,683.77 |
$32,605,198.00 |
|
Average Dollar Amt. |
$195,937.32 |
$1,254,046.08 |
FY
2003 Activity
|
|
No. Units |
Tax-Exempt Bonds |
Low Income Hsng Tax Credits |
HOME Funds |
Total |
|
Rental New Construction |
682 |
$0.00 |
$4,195,771.00 |
$1,500,000.00 |
$5,695,771.00 |
|
Rental Rehab |
234 |
$0.00 |
$875,470.00 |
$275,000.00 |
$1,150,470.00 |
|
Homeowner New Construction |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
Homeowner Rehab |
31 |
$0.00 |
$0.00 |
$1,209,070.00 |
$1,209,070.00 |
|
Tenant Based Rental Assistance |
32 |
$0.00 |
$0.00 |
$70,602.00 |
$70,602.00 |
TOTAL |
979 |
$0.00 |
$5,071,241.00 |
$3,054,672.00 |
$8,125,913.00 |
|
Average Amount per Unit |
|
$8,582.36 |
|||
|
|
HOME Investment Loans |
Multifamily Refunding |
|
No. Loans |
185 |
0 |
|
Total Dollar Amount: |
$4,125,876.29 |
$0.00 |
|
Average Dollar Amt. |
$22,302.03 |
$0.00 |
TOTAL HOUSING PRODUCTION FY 2002: $51,362,092.42
TOTAL HOUSING PRODUCTION FY 2003: $12,251,789.29
FY 2002 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
ADFA Bond Guaranty |
8 |
$14,947,500.00 |
$1,868,437.50 |
|
AEDC/Other Bond Guaranty |
2 |
$3,365,000.00 |
$1,682,500.00 |
|
Higher Education Facilities |
1 |
$4,000,000.00 |
$4,000,000.00 |
|
Wastewater Revolving Loan |
6 |
$6,905,000.00 |
$1,150,833.33 |
|
Safe Drinking Water Revolving Loan |
1 |
$885,000.00 |
$885,000.00 |
|
Business Life Program |
0 |
$0.00 |
$0.00 |
|
ADFA-Originated Loans |
8 |
$4,780,415.35 |
$597,551.92 |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
|
Capital Access Program |
13 |
$19,604.64 |
$1,508.05 |
|
Disadvantaged Business Enterprise |
0 |
$0.00 |
$0.00 |
|
Beginning Farmer |
0 |
$0.00 |
$0.00 |
|
Governmental |
1 |
$5,905,000.00 |
$5,905,000.00 |
|
Conduits |
3 |
$64,600,000.00 |
$21,533,333.33 |
FY 2003 Activity
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
No. Jobs Projected |
Pct Minority Loans |
ADFA Bond Guaranty |
8 |
$16,467,500.00 |
$2,058,437.50 |
248 New 304 Retained |
|
|
AEDC/Other Bond Guaranty |
2 |
$7,302,500.00 |
$3,651,250.00 |
|
|
|
Higher Education Facilities |
1 |
$1,250,000.00 |
$1,250,000.00 |
|
|
|
Wastewater Revolving Loan |
3 |
$4,200,000.00 |
$1,400,000.00 |
0 |
N/A |
|
Safe Drinking Water Revolving Loan |
3 |
$13,200,000.00 |
$4,400,000.00 |
0 |
N/A |
|
Business Life Program |
1 |
$600.53 |
$600.53 |
3 |
0.0% |
|
ADFA-Originated Loans |
6 |
$4,506,100.00 |
$751,016.67 |
|
|
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
|
|
|
Capital Access Program |
6 |
$26,108.61 |
$4,351.43 |
7 |
0.0% |
|
Disadvantaged Business Enterprise |