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Fiscal Years 2002 and 2003 
ADFA Annual Report

Message from ADFA President Mac Dodson

Statewide Statistics

Congressional District 1

Congressional District 2

Congressional District 3

Congressional District 4

 


Click Here For Program Activity for FY 2001

 

ANNUAL REPORT OF PROGRAM ACTIVITY

Fiscal Year 2002:  7/1/01 – 6/30/02

&

Fiscal Year 2003:  7/1/02 – 6/30/03

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STATEWIDE

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HOMEOWNERSHIP

 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



Down Payment Assistance Program
 

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

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HOUSING PRODUCTION

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

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DEVELOPMENT FINANCE

 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