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
JEFFERSON
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 |
45 |
$3,089,616.00 |
$68,658.13 |
$63,995.00 |
|
01/2008 06/2008 |
45 |
$3,862,129.00 |
$85,825.09 |
$77,287.00 |
|
Total FY2008 |
90 |
$6,951,745.00 |
$77,241.61 |
$70,641.00 |
Loan Cancellation Rate
Total FY2008:|
07/2007 12/2007 |
3 (6.3%) |
|
01/2008 06/2008 |
6 (11.8%) |
|
FY2008 Total |
9 (9.1%) |
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 |
|
Bank of Little Rock Mortgage, Benton, AR |
2 |
$120,750.00 |
1 |
$58,537.00 |
3 |
$179,287.00 |
|
Magna Bank, Little Rock, AR |
0 |
$0.00 |
1 |
$77,287.00 |
1 |
$77,287.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
1 |
$54,568.00 |
0 |
$0.00 |
1 |
$54,568.00 |
|
Simmons First National Bank, Pine Bluff, AR |
42 |
$2,914,298.00 |
43 |
$3,726,305.00 |
85 |
$6,640,603.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
45 |
$3,089,616.00 |
|
01/2008 06/2008 |
45 |
$3,862,129.00 |
|
|
Total FY2008 |
90 |
$6,951,745.00 |
|
|
New or Proposed Construction |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2007 12/2007 |
42 |
$2,928,841.00 |
|
01/2008 06/2008 |
39 |
$3,242,565.00 |
|
|
Total FY2008 |
81 |
$6,171,406.00 |
|
|
VA |
07/2007 12/2007 |
0 |
$0.00 |
|
01/2008 - 06/2008 |
6 |
$619,564.00 |
|
|
Total FY2008 |
6 |
$619,564.00 |
|
|
Conventional |
07/2007 12/2007 |
3 |
$160,775.00 |
|
01/2008 06/2008 |
0 |
$0.00 |
|
|
Total FY2008 |
3 |
$160,775.00 |
|
|
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 |
19 |
$1,486,904.00 |
42.2% |
$40,881.62 |
$41,600.04 |
|
01/2008 06/2008 |
24 |
$2,121,649.00 |
53.3% |
$46,132.55 |
$45,113.58 |
|
|
Total FY2008 |
43 |
$3,608,553.00 |
47.8% |
$43,507.08 |
$43,356.81 |
|
|
Minority |
07/2007 12/2007 |
26 |
$1,602,712.00 |
57.8% |
$32,700.19 |
$31,640.16 |
|
01/2008 06/2008 |
21 |
$1,740,482.00 |
46.7% |
$46,051.82 |
$41,559.60 |
|
|
Total FY2008 |
47 |
$3,343,194.00 |
52.2% |
$39,376.00 |
$36,599.88 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
16 |
35.6% |
|
01/2008 06/2008 |
29 |
64.4% |
|
|
Total FY2008 |
45 |
50.0% |
|
|
Female |
07/2007 12/2007 |
29 |
64.4% |
|
01/2008 06/2008 |
16 |
35.6% |
|
|
Total FY2008 |
45 |
50.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
5 |
11.1% |
|
01/2008 06/2008 |
3 |
6.7% |
|
|
Total FY2008 |
8 |
8.9% |
|
|
23 to 30 |
07/2007 - 12/2007 |
14 |
31.1% |
|
01/2008 06/2008 |
19 |
42.2% |
|
|
Total FY2008 |
33 |
36.7% |
|
|
31 to 40 |
07/2007 12/2007 |
12 |
26.7% |
|
01/2008 06/2008 |
10 |
22.2% |
|
|
Total FY2008 |
22 |
24.4% |
|
|
41 to 50 |
07/2007 12/2007 |
8 |
17.8% |
|
01/2008 06/2008 |
6 |
13.3% |
|
|
Total FY2008 |
14 |
15.6% |
|
|
51 to 60 |
07/2007 12/2007 |
3 |
6.7% |
|
01/2008 06/2008 |
3 |
6.7% |
|
|
Total FY2008 |
6 |
6.7% |
|
|
61 to 70 |
07/2007 12/2007 |
2 |
4.4% |
|
01/2008 06/2008 |
3 |
6.7% |
|
|
Total FY2008 |
5 |
5.6% |
|
|
71+ |
07/2007 12/2007 |
1 |
2.2% |
|
01/2008 06/2008 |
1 |
2.2% |
|
|
Total FY2008 |
2 |
2.2% |
|
|
Average Age |
07/2007 12/2007 |
34.3 |
|
|
01/2008 06/2008 |
35.9 |
||
|
Total FY2008 |
35.1 |
|
Average Household Size |
07/2007 12/2007 |
2.3 |
|
01/2008 06/2008 |
2.4 |
|
|
Total FY2008 |
2.4 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
30 |
$121,909.00 |
$4,063.63 |
66.7% |
|
01/2008 06/2008 |
39 |
$179,890.00 |
$4,612.56 |
86.7% |
|
Total FY2008 |
69 |
$301,799.00 |
$4,373.90 |
76.7% |
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 |
|
Community Resources Technicians |
0 |
$0.00 |
1 |
$2,355.00 |
1 |
$2,355.00 |
|
Dream Makers |
29 |
$120,569.00 |
14 |
$66,625.00 |
43 |
$187,194.00 |
|
Southern Good Faith Fund |
1 |
$1,340.00 |
24 |
$110,910.00 |
25 |
$112,250.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
30 |
$121,909.00 |
|
01/2008 06/2008 |
39 |
$179,890.00 |
|
|
Total FY2008 |
69 |
$301,799.00 |
|
|
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 |
17 |
$75,282.00 |
56.7% |
$42,005.30 |
$41,600.04 |
|
01/2008 06/2008 |
21 |
$98,025.00 |
53.8% |
$47,941.78 |
$46,385.16 |
|
|
Total FY2008 |
38 |
$173,307.00 |
55.1% |
$44,973.54 |
$43,992.60 |
|
|
Minority |
07/2007 12/2007 |
13 |
$46,627.00 |
43.3% |
$38,925.36 |
$33,372.00 |
|
01/2008 06/2008 |
18 |
$81,865.00 |
46.2% |
$48,002.34 |
$44,886.30 |
|
|
Total FY2008 |
31 |
$128,492.00 |
44.9% |
$43,463.85 |
$39,129.15 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2007 12/2007 |
13 |
43.3% |
|
01/2008 06/2008 |
25 |
64.1% |
|
|
Total FY2008 |
38 |
55.1% |
|
|
Female |
07/2007 12/2007 |
17 |
56.7% |
|
01/2008 06/2008 |
14 |
35.9% |
|
|
Total FY2008 |
31 |
44.9% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2007 12/2007 |
5 |
16.7% |
|
01/2008 06/2008 |
3 |
7.7% |
|
|
Total FY2008 |
8 |
11.6% |
|
|
23 to 30 |
07/2007 12/2007 |
9 |
30.0% |
|
01/2008 06/2008 |
15 |
38.5% |
|
|
Total FY2008 |
24 |
34.8% |
|
|
31 to 40 |
07/2007 12/2007 |
9 |
30.0% |
|
01/2008 06/2008 |
10 |
25.6% |
|
|
Total FY2008 |
19 |
27.5% |
|
|
41 to 50 |
07/2007 12/2007 |
3 |
10.0% |
|
01/2008 06/2008 |
6 |
15.4% |
|
|
Total FY2008 |
9 |
13.0% |
|
|
51 to 60 |
07/2007 12/2007 |
3 |
10.0% |
|
01/2008 06/2008 |
3 |
7.7% |
|
|
Total FY2008 |
6 |
8.7% |
|
|
61 to 70 |
07/2007 12/2007 |
0 |
0.0% |
|
01/2008 06/2008 |
1 |
2.6% |
|
|
Total FY2008 |
1 |
1.5% |
|
|
71+ |
07/2007 12/2007 |
1 |
3.3% |
|
01/2008 06/2008 |
1 |
2.6% |
|
|
Total FY2008 |
2 |
2.9% |
|
|
Average Age |
07/2007 12/2007 |
34.0 |
|
|
01/2008 06/2008 |
35.6 |
||
|
Total FY2008 |
34.8 |
|
Average Household Size |
07/2007 12/2007 |
2.3 |
|
01/2008 06/2008 |
2.4 |
|
|
Total FY2008 |
2.4 |
American Dream Downpayment Initiative (ADDI) Program
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2007 12/2007 |
5 |
$26,911.00 |
$5,382.20 |
11.1% |
|
01/2008 06/2008 |
1 |
$2,700.00 |
$2,700.00 |
2.2% |
|
Total FY2008 |
6 |
$29,611.00 |
$4,935.17 |
6.7% |
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 |
|
Dream Makers |
4 |
$21,861.00 |
0 |
$0.00 |
4 |
$21,861.00 |
|
Southern Good Faith Fund |
1 |
$5,050.00 |
0 |
$0.00 |
1 |
$5,050.00 |
|
Unknown |
0 |
$0.00 |
1 |
$2,700.00 |
1 |
$2,700.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2007 12/2007 |
5 |
$26,911.00 |
|
01/2008 06/2008 |
1 |
$2,700.00 |
|
|
Total FY2008 |
6 |
$29,611.00 |
|
|
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 |
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 |
5 |
$26,911.00 |
100.0% |
$20,422.10 |
$25,524.00 |
|
01/2008 06/2008 |
1 |
$2,700.00 |
100.0% |
$22,484.88 |
$22,484.88 |
|
|
Total FY2008 |
6 |
$29,611.00 |
100.0% |
$21,453.49 |
$24,004.44 |
|
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 |
5 |
100.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
1 |
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 |
4 |
80.0% |
|
01/2008 06/2008 |
1 |
100.0% |
|
|
Total FY2008 |
5 |
83.3% |
|
|
31 to 40 |
07/2007 12/2007 |
1 |
20.0% |
|
01/2008 06/2008 |
0 |
0.0% |
|
|
Total FY2008 |
1 |
16.7% |
|
|
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 |
28.8 |
|
|
01/2008 06/2008 |
26.0 |
||
|
Total FY2008 |
27.4 |
|
Average Household Size |
07/2007 12/2007 |
2.8 |
|
01/2008 06/2008 |
1.0 |
|
|
Total FY2008 |
1.9 |
|
TOTAL HOMEOWNERSHIP: |
|||
|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
|
$3,238,436.00 |
$4,044,719.00 |
$7,283,155.00 |
|
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 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
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 |
5 |
$467,500.00 |
|
|
Total FY2008 |
5 |
$467,500.00 |
|
|
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 |
0 |
$0.00 |
|
|
Total FY2008 |
0 |
$0.00 |
|
|
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 |
5 |
$467,500.00 |
|
|
Total FY2008 |
5 |
$467,500.00 |
|
|
Average Amount Per Unit |
07/2007 12/2007 |
$0.00 |
|
|
01/2008 6/2008 |
$93,500.00 |
||
|
Total FY2008 |
$93,500.00 |
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 |
$467,500.00 |
$467,500.00 |
|
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
JEFFERSON
COUNTY|
07/2007 12/2007 |
01/2008 06/2008 |
Total FY2008 |
|
$3,238,436.00 |
$4,512,219.00 |
$7,750,655.00 |
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