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
CRAIGHEAD
Countyin Congressional District
1HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
20 |
$1,805,123.00 |
$90,256.15 |
$86,655.50 |
|
01/2008 06/2008 |
16 |
$1,414,234.00 |
$88,389.63 |
$92,547.00 |
|
Total FY2008 |
36 |
$3,219,357.00 |
$89,426.58 |
$89,601.25 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
4 (16.7%) |
|
01/2008 06/2008 |
3 (15.8%) |
|
FY2008 Total |
7 (16.3%) |
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 |
|
First Home Mortgage, Inc., Jonesboro, AR |
3 |
$180,711.00 |
0 |
$0.00 |
3 |
$180,711.00 |
|
First National Bank & Trust, Mountain Home, AR |
1 |
$88,152.00 |
0 |
$0.00 |
1 |
$88,152.00 |
|
BancorpSouth, Jonesboro, AR |
4 |
$364,296.00 |
7 |
$668,893.00 |
11 |
$1,033,189.00 |
|
Liberty Bank, Jonesboro, AR |
1 |
$109,300.00 |
0 |
$0.00 |
1 |
$109,300.00 |
|
Liberty Bank, Springdale, AR |
1 |
$107,377.00 |
0 |
$0.00 |
1 |
$107,377.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
3 |
$304,200.00 |
1 |
$112,000.00 |
4 |
$416,200.00 |
|
Regions Mortgage, Jonesboro, AR |
3 |
$272,576.00 |
8 |
$633,341.00 |
11 |
$905,917.00 |
|
Simmons First National Bank, Jonesboro, AR |
4 |
$378,511.00 |
0 |
$0.00 |
4 |
$378,511.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
17 |
$1,434,487.00 |
|
01/2008 06/2008 |
14 |
$1,228,834.00 |
|
|
Total FY2008 |
31 |
$2,663,321.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
3 |
$370,636.00 |
|
01/2008 06/2008 |
2 |
$185,400.00 |
|
|
Total FY2008 |
5 |
$556,036.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
8 |
$702,145.00 |
|
01/2008 06/2008 |
10 |
$895,936.00 |
|
|
Total FY2008 |
18 |
$1,598,081.00 |
|
|
VA |
07/2007 12/2007 |
1 |
$109,300.00 |
|
01/2008 - 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$109,300.00 |
|
|
Conventional |
07/2007 12/2007 |
8 |
$731,217.00 |
|
01/2008 06/2008 |
6 |
$518,298.00 |
|
|
Total FY2008 |
14 |
$1,249,515.00 |
|
|
Rural Development |
07/2007 12/2007 |
3 |
$262,461.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
3 |
$262,461.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
17 |
$1,482,887.00 |
85.0% |
$36,515.81 |
$36,296.52 |
|
01/2008 06/2008 |
14 |
$1,231,305.00 |
87.5% |
$29,897.16 |
$33,325.20 |
|
|
Total FY2008 |
31 |
$2,714,192.00 |
86.1% |
$33,206.48 |
$34,810.86 |
|
|
Minority |
07/2007 12/2007 |
3 |
$322,236.00 |
15.0% |
$33,017.96 |
$40,821.60 |
|
01/2008 06/2008 |
2 |
$182,929.00 |
12.5% |
$20,560.26 |
$20,560.26 |
|
|
Total FY2008 |
5 |
$505,165.00 |
13.9% |
$26,789.11 |
$30,690.93 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
14 |
70.0% |
|
01/2008 06/2008 |
10 |
62.5% |
|
|
Total FY2008 |
24 |
66.7% |
|
|
Female |
07/2007 12/2007 |
6 |
30.0% |
|
01/2008 06/2008 |
6 |
37.5% |
|
|
Total FY2008 |
12 |
33.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
1 |
5.0% |
|
01/2008 06/2008 |
3 |
18.8% |
|
|
Total FY2008 |
4 |
11.1% |
|
|
23 to 30 |
07/2007 - 12/2007 |
10 |
50.0% |
|
01/2008 06/2008 |
11 |
68.8% |
|
|
Total FY2008 |
21 |
58.3% |
|
|
31 to 40 |
07/2007 12/2007 |
4 |
20.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
4 |
11.1% |
|
|
41 to 50 |
07/2007 12/2007 |
3 |
15.0% |
|
01/2008 06/2008 |
1 |
6.3% |
|
|
Total FY2008 |
4 |
11.1% |
|
|
51 to 60 |
07/2007 12/2007 |
1 |
5.0% |
|
01/2008 06/2008 |
1 |
6.3% |
|
|
Total FY2008 |
2 |
5.6% |
|
|
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% |
|
|
Unknown |
07/2007 12/2007 |
1 |
5.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
2.8% |
|
|
Average Age |
07/2007 12/2007 |
29.7 |
|
|
01/2008 06/2008 |
27.5 |
||
|
Total FY2008 |
28.6 |
|
Average Household Size |
07/2007 12/2007 |
2.3 |
|
01/2008 06/2008 |
2.0 |
|
|
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 |
5 |
$19,510.00 |
$3,902.00 |
25.0% |
|
01/2008 06/2008 |
2 |
$5,324.00 |
$2,662.00 |
12.5% |
|
Total FY2008 |
7 |
$24,834.00 |
$3,547.71 |
19.4% |
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 |
|
Crowley's Ridge Development Council |
1 |
$3,000.00 |
0 |
$0.00 |
1 |
$3,000.00 |
|
Jonesboro Urban Renewal & Housing Authority |
0 |
$0.00 |
1 |
$2,824.00 |
1 |
$2,824.00 |
|
Mississippi County EOC |
4 |
$16,510.00 |
0 |
$0.00 |
4 |
$16,510.00 |
|
Unknown |
0 |
$0.00 |
1 |
$2,500.00 |
1 |
$2,500.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
4 |
$14,160.00 |
|
01/2008 06/2008 |
2 |
$5,324.00 |
|
|
Total FY2008 |
6 |
$19,484.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
1 |
$5,350.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
1 |
$5,350.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
4 |
$18,135.00 |
80.0% |
$46,108.86 |
$45,349.62 |
|
01/2008 06/2008 |
2 |
$5,324.00 |
100.0% |
$31,825.20 |
$31,825.20 |
|
|
Total FY2008 |
6 |
$23.459.00 |
85.7% |
$38,967.03 |
$38,587.41 |
|
|
Minority |
07/2007 12/2007 |
1 |
$1,375.00 |
20.0% |
$40,821.60 |
$40,821.60 |
|
01/2008 06/2008 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2008 |
1 |
$1,375.00 |
14.3% |
$40,821.60 |
$40,821.60 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
4 |
80.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
6 |
85.7% |
|
|
Female |
07/2007 12/2007 |
1 |
20.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
14.3% |
|
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 |
2 |
40.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
4 |
57.1% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
20.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
14.3% |
|
|
41 to 50 |
07/2007 12/2007 |
1 |
20.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
14.3% |
|
|
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% |
|
|
Unknown |
07/2007 12/2007 |
1 |
20.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
14.3% |
|
|
Average Age |
07/2007 12/2007 |
26.0 |
|
|
01/2008 06/2008 |
28.0 |
||
|
Total FY2008 |
27.0 |
|
Average Household Size |
07/2007 12/2007 |
2.6 |
|
01/2008 06/2008 |
1.0 |
|
|
Total FY2008 |
1.8 |
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 |
2 |
$8,026.00 |
$4,013.00 |
12.5% |
|
Total FY2008 |
2 |
$8,026.00 |
$4,013.00 |
5.6% |
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 |
|
Jonesboro Urban Renewal & Housing Authority |
0 |
$0.00 |
2 |
$8,026.00 |
2 |
$8,026.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$5,476.00 |
|
|
Total FY2008 |
1 |
$5,476.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$2,550.00 |
|
|
Total FY2008 |
1 |
$2,550.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-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 |
|
|
Minority |
07/2007 12/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2008 06/2008 |
2 |
$8,026.00 |
100.0% |
$18,755.10 |
$18,755.10 |
|
|
Total FY2008 |
2 |
$8,026.00 |
100.0% |
$18,755.10 |
$18,755.10 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
Female |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
2 |
100.0% |
|
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 |
50.0% |
|
|
Total FY2008 |
1 |
50.0% |
|
|
31 to 40 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
0 |
0.0% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
1 |
50.0% |
|
|
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 |
N/A |
|
|
01/2008 06/2008 |
34.5 |
||
|
Total FY2008 |
34.5 |
|
Average Household Size |
07/2007 12/2007 |
N/A |
|
01/2008 06/2008 |
3.0 |
|
|
Total FY2008 |
3.0 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$1,824,633.00 |
$1,427,584.00 |
$3,252,217.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Acquisition Rehab |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2007 |
20 |
$800,000.00 |
|
|
Total FY2008 |
20 |
$800,000.00 |
|
|
Homeowner Acquisition |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Homeowner New Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
10 |
$935,000.00 |
|
|
Total FY2008 |
10 |
$935,000.00 |
|
|
Homeowner Rehab or Mortgage Subsidy |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Rental New Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
10 |
$400,000.00 |
|
|
Total FY2008 |
10 |
$400,000.00 |
|
|
Rental Rehab |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Tenant Based Rental Assistance |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Total |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
40 |
$2,135,000.00 |
|
|
Total FY2008 |
40 |
$2,135,000.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$0.00 |
|
|
01/2008 6/2008 |
$53,375.00 |
||
|
Total FY2008 |
$53,375.00 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
127 |
$1,094,905.00 |
$0.00 |
$1,094,905.00 |
$8,621.30 |
Multifamily Housing Bonds
No Multifamily Housing Bond Activity FY2008
|
TOTAL HOUSING PRODUCTION: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$0.00 |
$3,229,905.00 |
$3,229,905.00 |
|
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
CRAIGHEAD
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$1,824,633.00 |
$4,657,489.00 |
$6,482,122.00 |
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