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 |
0 |
$0.00 |
$0.00 |
|
|
|
Beginning Farmer |
1 |
$191,500.00 |
$191,500.00 |
0 |
N/A |
|
Governmental |
2 |
$14,990,000.00 |
$7,495,000.00 |
|
|
|
Conduits |
10 |
$68,800,000.00 |
$6,880,000.00 |
|
|
TOTAL DEVELOPMENT FINANCE FY 2002: $105,407,519.50
TOTAL DEVELOPMENT FINANCE FY 2003: $130,934,309.10
· October, 2001 – Single Family Housing Series 2001 I - $45,000,000
· March, 2002 – Single Family Mortgage Revenue Bonds, 2002 Series A (Non-AMT) & Series B (AMT) - $30,000.000
· August, 2002 – Single Family Mortgage Revenue Bonds, 2002 Series C (AMT) - $40,000,000
· August, 2002 – Single Family Revenue Refunding Notes – Limited to $200,000,000 over two years
· April, 2003 – 2003 Series A (Non-AMT) and 2003 Series B (AMT) – A=$10,680,000; B = $19,320,000
FY 2002
· December, 2001 – Multifamily Housing (Cabot Housing Association LP) - $6,675,000 (Direct Placement)
· December, 2001 – Multifamily Housing 2001 Series D (Emerald Properties II) - $3,750,000 (Direct Placement
· July, 2001 – Multifamily Housing 2001 Series B – (The Gables of Maumelle) - $5,325,000
· December, 2001 – Multifamily Housing 2001 Series F – (Chapel Ridge) - $6,675,000 – (Direct Placement)
· February, 2002 - Multifamily Housing Refunding Series 2002 A (Caraway Commons) - $4,827,000 – Conduit Issue
· June, 2002 – Multifamily Refunding Bonds, Series C (Chapel Ridge of Benton ) - $7,800,000 – Conduit Issue
· July, 2003 - Multifamily Housing Revenue Bonds (Briarwood Apartments) - $4,175,000 – Conduit Issue
FY 2002
· July, 2001 – Economic Development Series 2001 A & B (Riverside Furniture Corporation) - $2,935,000
· October, 2001 – Economic Development Series 2001 (Waste Management of Arkansas, Inc.) - $15,000,000
· November, 2001 – Economic Development – The Packaging Ink Company, LLC - $3,000,000
· Tax-Exempt Variable Rate Demand / Fixed Rate Environmental Facilities Revenue Bonds (Teris LLC Project) - $48,000,000
· October, 2002 – Economic Development Revenue Bonds, Series 2002B, Taxable, ADED/ADFA Guarantee - $14,605,000
· November, 2002 – State Agencies Facilities Revenue Refunding Bonds – Spring Plaza - $2,005,000
· January, 2003 – ADFA Guaranty Program – Taxable 2003 Series A; Tax-Exempt 2003 Series B – Solid Waste Facility - $2,130,000
· March, 2003 – ADFA Corrections Facilities Revenue Refunding Bonds, 2003 Series A - $12,985,000
· June, 2003 – ADFA Variable Rate Demand Solid Waste Disposal Revenue Bonds, Series 2003 - $15,000,000
· June, 2003 – Agricultural Development Project Series 2003 (Winrock International) - $Not to exceed $5,800,000)
· June, 2003 – Economic Development Series C and D - $7,625,000
Funds by County
CD = Congressional District
|
|
|
FY 2002 |
|
FY 2003 |
|
|||
|
County |
CD |
Total $ |
Pct Total |
Rank |
|
Total $ |
Pct Total |
Rank |
|
Yell |
2 |
$5,018,987.00 |
1.7% |
14 |
|
$4,088,531.00 |
1.7% |
17 |
|
Woodruff |
1 |
$1,631,789.00 |
0.6% |
30 |
|
$94,366.00 |
0.0% |
62 |
|
White |
2 |
$5,282,752.00 |
1.8% |
12 |
|
$5,578,861.19 |
2.3% |
13 |
|
Washington |
3 |
$11,194,751.00 |
3.8% |
5 |
|
$7,087,062.00 |
3.0% |
10 |
|
Van Buren |
2 |
$41,397.00 |
0.0% |
66 |
|
$199,000.00 |
0.1% |
55 |
|
Union |
4 |
$1,582,003.00 |
0.5% |
31 |
|
$48,486,958.00 |
20.3% |
1 |
|
Stone |
1 |
$64,000.00 |
0.0% |
64 |
|
$60,700.00 |
0.0% |
64 |
|
St. Francis |
1 |
$4,687,701.00 |
1.6% |
15 |
|
$1,181,217.00 |
0.5% |
32 |
|
Sharp |
1 |
$88,550.00 |
0.0% |
61 |
|
$292,151.00 |
0.1% |
50 |
|
Sevier |
4 |
$0.00 |
0.0% |
69 |
|
$371,100.00 |
0.2% |
46 |
|
Sebastian |
3 |
$14,956,636.15 |
5.1% |
3 |
|
$9,182,146.00 |
3.9% |
7 |
|
Searcy |
1 |
$885,700.00 |
0.3% |
37 |
|
$50,100.00 |
0.0% |
67 |
|
Scott |
4 |
$367,570.00 |
0.1% |
48 |
|
$494,465.00 |
0.2% |
42 |
|
Saline |
2 |
$4,530,085.65 |
1.5% |
16 |
|
$2,124,826.00 |
0.9% |
27 |
|
Randolph |
1 |
$468,318.00 |
0.2% |
45 |
|
$311,076.00 |
0.1% |
49 |
|
Pulaski |
2 |
$102,211,087.00 |
34.7% |
1 |
|
$27,982,934.00 |
11.7% |
2 |
|
Prairie |
1 |
$166,886.00 |
0.1% |
56 |
|
$0.00 |
0.0% |
70 |
|
Pope |
3 |
$8,116,172.00 |
2.8% |
8 |
|
$5,657,047.00 |
2.4% |
12 |
|
Polk |
4 |
$364,500.00 |
0.1% |
50 |
|
$56,050.00 |
0.0% |
66 |
|
Poinsett |
1 |
$900,184.00 |
0.3% |
36 |
|
$331,772.00 |
0.1% |
48 |
|
Pike |
4 |
$0.00 |
0.0% |
69 |
|
$2,500,000.00 |
1.0% |
23 |
|
Phillips |
1 |
$2,512,271.00 |
0.9% |
23 |
|
$278,945.96 |
0.1% |
51 |
|
Perry |
2 |
$0.00 |
0.0% |
69 |
|
$0.00 |
0.0% |
70 |
|
Ouachita |
4 |
$800,000.00 |
0.3% |
40 |
|
$119,800.00 |
0.1% |
59 |
|
Newton |
3 |
$144,100.00 |
0.0% |
59 |
|
$227,200.00 |
0.1% |
53 |
|
Nevada |
4 |
$31,900.00 |
0.0% |
67 |
|
$191,500.00 |
0.1% |
56 |
|
Montgomery |
4 |
$0.00 |
0.0% |
69 |
|
$47,500.00 |
0.0% |
68 |
|
Monroe |
1 |
$675,201.00 |
0.2% |
41 |
|
$138,077.00 |
0.1% |
57 |
|
Mississippi |
1 |
$3,840,436.00 |
1.3% |
17 |
|
$2,299,956.00 |
1.0% |
24 |
|
Miller |
4 |
$1,579,066.00 |
0.5% |
32 |
|
$726,659.00 |
0.3% |
40 |
|
Marion |
3 |
$1,332,072.00 |
0.5% |
33 |
|
$474,725.00 |
0.2% |
44 |
|
Madison |
3 |
$88,157.00 |
0.0% |
62 |
|
$208,204.50 |
0.1% |
54 |
|
Lonoke |
1 |
$5,403,277.00 |
1.8% |
11 |
|
$3,285,139.00 |
1.4% |
21 |
|
Logan |
4 |
$1,113,846.00 |
0.4% |
34 |
|
$759,535.00 |
0.3% |
39 |
|
Little River |
4 |
$1,994,038.00 |
0.7% |
26 |
|
$0.00 |
0.0% |
70 |
|
Lincoln |
1 |
$317,439.00 |
0.1% |
52 |
|
$3,331,700.00 |
1.4% |
20 |
|
Lee |
1 |
$1,054,089.00 |
0.4% |
35 |
|
$3,417,803.00 |
1.4% |
19 |
|
Lawrence |
1 |
$162,212.00 |
0.1% |
57 |
|
$34,078.00 |
0.0% |
69 |
|
Lafayette |
4 |
$5,967.52 |
0.0% |
68 |
|
$111,400.00 |
0.0% |
60 |
|
Johnson |
3 |
$1,873,744.00 |
0.6% |
27 |
|
$2,258,047.00 |
0.9% |
26 |
|
Jefferson |
4 |
$806,743.00 |
0.3% |
39 |
|
$11,670,738.00 |
4.9% |
5 |
|
Jackson |
1 |
$854,701.00 |
0.3% |
38 |
|
$596,885.00 |
0.3% |
41 |
|
Izard |
1 |
$531,672.00 |
0.2% |
43 |
|
$332,700.00 |
0.1% |
47 |
|
Independence |
1 |
$282,600.00 |
0.1% |
53 |
|
$1,763,050.00 |
0.7% |
28 |
|
Howard |
4 |
$0.00 |
0.0% |
69 |
|
$5,000,000.00 |
2.1% |
14 |
|
Hot Spring |
4 |
$484,332.00 |
0.2% |
44 |
|
$475,657.00 |
0.2% |
43 |
|
Hempstead |
4 |
$403,436.00 |
0.1% |
47 |
|
$277,100.00 |
0.1% |
52 |
|
Greene |
1 |
$194,899.00 |
0.1% |
54 |
|
$67,000.00 |
0.0% |
63 |
|
Grant |
4 |
$190,988.00 |
0.1% |
55 |
|
$404,043.00 |
0.2% |
45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
FY 2002 |
|
FY 2003 |
|
|||
|
County |
CD |
Total $ |
Pct Total |
Rank |
|
Total $ |
Pct Total |
Rank |
|
Garland |
4 |
$1,700,173.00 |
0.6% |
29 |
|
$1,132,300.00 |
0.5% |
34 |
|
Fulton |
1 |
$364,400.00 |
0.1% |
51 |
|
$108,500.00 |
0.0% |
61 |
|
Franklin |
3 |
$1,869,777.00 |
0.6% |
28 |
|
$1,242,156.00 |
0.5% |
31 |
|
Faulkner |
2 |
$9,220,274.79 |
3.1% |
7 |
|
$4,275,059.00 |
1.8% |
16 |
|
Drew |
4 |
$2,595,250.00 |
0.9% |
22 |
|
$7,484,650.00 |
3.1% |
8 |
|
Desha |
4 |
$3,626,410.65 |
1.2% |
20 |
|
$1,158,321.00 |
0.5% |
33 |
|
Dallas |
4 |
$414,429.00 |
0.1% |
46 |
|
$0.00 |
0.0% |
70 |
|
Cross |
1 |
$3,827,566.00 |
1.3% |
18 |
|
$6,358,765.00 |
2.7% |
11 |
|
Crittenden |
1 |
$12,815,522.00 |
4.4% |
4 |
|
$12,832,821.00 |
5.4% |
3 |
|
Crawford |
3 |
$7,922,168.00 |
2.7% |
9 |
|
$7,200,942.00 |
3.0% |
9 |
|
Craighead |
1 |
$5,579,296.00 |
1.9% |
10 |
|
$11,782,078.00 |
4.9% |
4 |
|
Conway |
2 |
$2,128,997.98 |
0.7% |
24 |
|
$873,633.00 |
0.4% |
38 |
|
Columbia |
4 |
$160,525.00 |
0.1% |
58 |
|
$989,250.00 |
0.4% |
36 |
|
Cleveland |
4 |
$79,273.00 |
0.0% |
63 |
|
$56,150.00 |
0.0% |
65 |
|
Cleburne |
1 |
$2,114,016.00 |
0.7% |
25 |
|
$131,873.00 |
0.1% |
58 |
|
Clay |
1 |
$0.00 |
0.0% |
69 |
|
$0.00 |
0.0% |
70 |
|
Clark |
4 |
$9,726,744.00 |
3.3% |
6 |
|
$1,104,550.00 |
0.5% |
35 |
|
Chicot |
4 |
$3,575,444.00 |
1.2% |
21 |
|
$1,637,239.00 |
0.7% |
29 |
|
Carroll |
3 |
$645,800.00 |
0.2% |
42 |
|
$1,553,036.25 |
0.7% |
30 |
|
Calhoun |
4 |
$53,115.00 |
0.0% |
65 |
|
$0.00 |
0.0% |
70 |
|
Bradley |
4 |
$0.00 |
0.0% |
69 |
|
$3,700,000.00 |
1.6% |
18 |
|
Boone |
3 |
$3,774,233.00 |
1.3% |
19 |
|
$4,511,369.00 |
1.9% |
15 |
|
Benton |
3 |
$20,351,817.00 |
6.9% |
2 |
|
$9,756,512.00 |
4.1% |
6 |
|
Baxter |
1 |
$5,142,258.00 |
1.7% |
13 |
|
$2,855,778.00 |
1.2% |
22 |
|
Ashley |
4 |
$128,873.00 |
0.0% |
60 |
|
$907,683.00 |
0.4% |
37 |
|
Arkansas |
1 |
$365,661.00 |
0.1% |
49 |
|
$2,284,354.00 |
1.0% |
25 |
TOTAL FUNDS STATEWIDE FOR FY2002:
$294,556,926.70
Distribution of these total funds:
46.8% Homeownership
17.4% Housing Production
35.8% Development Finance
TOTAL FUNDS STATEWIDE FOR FY2003:
$238,395,950.93
Distribution of these total funds:
40.0% Homeownership
5.1% Housing Production
54.9% Development Finance