REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2008: July 1, 2007 June 30, 2008
1st Half of FY2008 = July 1, 2007 December 31, 2007
2nd Half of FY2008 = January 1, 2008 June 30, 2008
CLARK
Countyin Congressional District
4HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
2 |
$148,500.00 |
$74,250.00 |
$74,250.00 |
|
01/2008 06/2008 |
4 |
$339,050.00 |
$84,762.50 |
$83,075.00 |
|
Total FY2008 |
6 |
$487,550.00 |
$81,258.33 |
$78,662.50 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
1 (33.3%) |
|
01/2008 06/2008 |
1 (25.0%) |
|
FY2008 Total |
2 (25.0%) |
Loans by Originator / Branch
|
7/1/07 - 12/31/07 |
1/1/08 - 6/30/08 |
TOTAL FY 2008 |
||||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Elk Horn Bank, Arkadelphia, AR |
2 |
$148,500.00 |
4 |
$339,050.00 |
6 |
$487,550.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
2 |
$148,500.00 |
|
01/2008 06/2008 |
3 |
$277,400.00 |
|
|
Total FY2008 |
5 |
$425,900.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$61,650.00 |
|
|
Total FY2008 |
1 |
$61,650.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
VA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 - 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Conventional |
07/2007 12/2007 |
2 |
$148,500.00 |
|
01/2008 06/2008 |
4 |
$339,050.00 |
|
|
Total FY2008 |
6 |
$487,550.00 |
|
|
Rural Development |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
1 |
$64,500.00 |
50.0% |
$39,228.00 |
$39,228.00 |
|
01/2008 06/2008 |
3 |
$277,400.00 |
75.0% |
$45,726.40 |
$44,700.00 |
|
|
Total FY2008 |
4 |
$341,900.00 |
66.7% |
$42,477.20 |
$41,964.00 |
|
|
Minority |
07/2007 12/2007 |
1 |
$84,000.00 |
50.0% |
$29,640.00 |
$29,640.00 |
|
01/2008 06/2008 |
1 |
$61,650.00 |
25.0% |
$25,415.76 |
$25,416.76 |
|
|
Total FY2008 |
2 |
$145,650.00 |
33.3% |
$27,527.88 |
$27,527.88 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
2 |
100.0% |
|
01/2008 06/2008 |
3 |
75.0% |
|
|
Total FY2008 |
5 |
83.3% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
1 |
16.7% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
23 to 30 |
07/2007 - 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
50.0% |
|
|
Total FY2008 |
2 |
33.3% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
50.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
2 |
33.3% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
50.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
16.7% |
|
|
61 to 70 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
25.0% |
|
|
Total FY2008 |
1 |
16.7% |
|
|
Average Age |
07/2007 12/2007 |
46.5 |
|
|
01/2008 06/2008 |
41.5 |
||
|
Total FY2008 |
44.0 |
|
Average Household Size |
07/2007 12/2007 |
2.0 |
|
01/2008 06/2008 |
2.3 |
|
|
Total FY2008 |
2.2 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
1 |
$3,750.00 |
$3,750.00 |
50.0% |
|
01/2008 06/2008 |
1 |
$1,900.00 |
$1,900.00 |
25.0% |
|
Total FY2008 |
2 |
$5,650.00 |
$2,825.00 |
33.3% |
Loans by Homebuyer Counselor
|
7/1/07 - 12/31/07 |
1/1/08 - 6/30/08 |
TOTAL FY 2008 |
||||
|
HOMEBUYER COUNSELOR |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
South Arkansas CD |
1 |
$3,750.00 |
1 |
$1,900.00 |
2 |
$5,650.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
1 |
$3,750.00 |
|
01/2008 06/2008 |
1 |
$1,900.00 |
|
|
Total FY2008 |
2 |
$5,650.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
1 |
$3,750.00 |
100.0% |
$39,228.00 |
$39,228.00 |
|
01/2008 06/2008 |
1 |
$1,900.00 |
100.0% |
$36,319.20 |
$36,319.20 |
|
|
Total FY2008 |
2 |
$5,650.00 |
100.0% |
$37,773.60 |
$37,773.60 |
|
|
Minority |
07/2007 12/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
2 |
100.0% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
23 to 30 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
1 |
50.0% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
100.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
50.0% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
51 to 60 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
61 to 70 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
71+ |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Average Age |
07/2007 12/2007 |
38.0 |
|
|
01/2008 06/2008 |
25.0 |
||
|
Total FY2008 |
31.5 |
|
Average Household Size |
07/2007 12/2007 |
1.0 |
|
01/2008 06/2008 |
1.0 |
|
|
Total FY2008 |
1.0 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2008 06/2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
Total FY2008 |
0 |
$0.00 |
$0.00 |
0.0% |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$152,250.00 |
$340,950.00 |
$493,200.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
N/A
|
TOTAL HOUSING PRODUCTION: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE
|
DEVELOPMENT FINANCE: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
OTHER PROGRAM(S)
Rehab / Disability Loan Program
|
7/2007 - 12/2007 |
1/2008 - 6/2008 |
FY2008 TOTAL |
||||
|
No. Loans |
Dollar Amount |
No. Loans |
Dollar Amount |
No. Loans |
Dollar Amount |
Average Per Unit |
|
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
$0.00 |
TOTAL FUNDS FOR
CLARK
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$152,250.00 |
$340,950.00 |
$493,200.00 |
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