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
FRANKLIN
Countyin Congressional District
3HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2007 12/2007 |
11 |
$859,090.00 |
$78,099.09 |
$79,300.00 |
|
01/2008 06/2008 |
2 |
$134,573.00 |
$67,286.50 |
$67,286.50 |
|
Total FY2008 |
13 |
$993,663.00 |
$76,435.61 |
$73,293.25 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
1 (8.3%) |
|
01/2008 06/2008 |
4 (66.7%) |
|
FY2008 Total |
5 (27.8%) |
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 |
|
Benefit Bank, Fort Smith, AR |
1 |
$46,840.00 |
0 |
$0.00 |
1 |
$46,840.00 |
|
First Western Mortgage, Inc., Fort Smith, AR |
0 |
$0.00 |
1 |
$59,073.00 |
1 |
$59,073.00 |
|
Priority Bank, Ozark, AR |
10 |
$812,250.00 |
1 |
$75,500.00 |
11 |
$887,750.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
9 |
$661,090.00 |
|
01/2008 06/2008 |
2 |
$134,573.00 |
|
|
Total FY2008 |
11 |
$795,663.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
2 |
$198,000.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
2 |
$198,000.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
1 |
$59,073.00 |
|
|
Total FY2008 |
1 |
$59,073.00 |
|
|
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 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
Rural Development |
07/2007 12/2007 |
11 |
$859,090.00 |
|
01/2008 06/2008 |
1 |
$75,500.00 |
|
|
Total FY2008 |
12 |
$934,590.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2007 12/2007 |
11 |
$859,090.00 |
100.0% |
$34,305.17 |
$32,988.84 |
|
01/2008 06/2008 |
2 |
$134,573.00 |
100.0% |
$33,208.86 |
$33,208.86 |
|
|
Total FY2008 |
13 |
$993,663.00 |
100.0% |
$33,757.01 |
$33,098.85 |
|
|
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 |
9 |
81.8% |
|
01/2008 06/2008 |
2 |
100.0% |
|
|
Total FY2008 |
11 |
84.6% |
|
|
Female |
07/2007 12/2007 |
2 |
18.2% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
15.4% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
3 |
27.3% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
3 |
23.1% |
|
|
23 to 30 |
07/2007 - 12/2007 |
6 |
54.5% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
7 |
53.8% |
|
|
31 to 40 |
07/2007 12/2007 |
2 |
18.2% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
2 |
15.4% |
|
|
41 to 50 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
50.0% |
|
|
Total FY2008 |
1 |
7.7% |
|
|
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 |
26.7 |
|
|
01/2008 06/2008 |
37.5 |
||
|
Total FY2008 |
32.1 |
|
Average Household Size |
07/2007 12/2007 |
2.1 |
|
01/2008 06/2008 |
2.5 |
|
|
Total FY2008 |
2.3 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
1 |
$2,875.00 |
$2,875.00 |
9.1% |
|
01/2008 06/2008 |
1 |
$5,607.00 |
$5,607.00 |
50.0% |
|
Total FY2008 |
2 |
$8,482.00 |
$4,241.00 |
15.4% |
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 |
|
Crawford Sebastian CDC |
0 |
$0.00 |
1 |
$5,607.00 |
1 |
$5,607.00 |
|
Universal Housing |
1 |
$2,875.00 |
0 |
$0.00 |
1 |
$2,875.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
1 |
$2,875.00 |
|
01/2008 06/2008 |
1 |
$5,607.00 |
|
|
Total FY2008 |
2 |
$8,482.00 |
|
|
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 |
$2,875.00 |
100.0% |
$44,784.00 |
$44,784.00 |
|
01/2008 06/2008 |
1 |
$5,607.00 |
100.0% |
$35,937.72 |
$35,937.72 |
|
|
Total FY2008 |
2 |
$8,482.00 |
100.0% |
$41,798.36 |
$41,798.36 |
|
|
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 |
34.0 |
|
|
01/2008 06/2008 |
30.0 |
||
|
Total FY2008 |
32.0 |
|
Average Household Size |
07/2007 12/2007 |
2.0 |
|
01/2008 06/2008 |
4.0 |
|
|
Total FY2008 |
3.0 |
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 |
|
|
$861,965.00 |
$140,180.00 |
$1,002,145.00 |
|
HOUSING PRODUCTION (HP)
Program Partners:
N/A
HOME Allocations / Board Approvals by Type
|
Type |
Time Period |
No. Units |
HOME Funds |
|
Total |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
|
No. Units |
Federal LIHTC |
State LIHTC |
Total LIHTC |
Average Per Unit |
|
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Multifamily Housing Bonds
No Multifamily Housing Bond Activity FY2008
|
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
FRANKLIN
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$861,965.00 |
$140,180.00 |
$1,002,145.00 |
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