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<br /> following tables set forth the income distribution of the <br /> families and individuals who obtained such mortgage loans, <br /> the ratio of loans of new to existing residences and the <br /> location of the residence by County: <br /> Percentage Number <br /> Below $15,000 9% 17 <br /> $15,000-25,000 35% 67 <br /> $25,000-35,000 41% 79 <br /> $35,000 and Above 15% 28 <br /> Average Income: $22,322 <br /> Percentage Number <br /> of Loans of Loans <br /> New/Existing <br /> Residences 95.3%/4.7% 182/9 <br /> Loans Issued by County <br /> williamson 90% 172 <br /> Bastrop 1% 2 <br /> Hays 9% 17 <br /> On August 29, 1984, the Corporation issued its <br /> $39,824,916.65 Single Family Mortgage Revenue Bonds, Series <br /> 1984 (the "1984 Bond s "). As of the date of this writing, <br /> very little information is available as to the actual use of <br /> the proceeds of the 1984 Bonds. The program documents for <br /> the 1984 Bonds, ho\olever, contain the following provisions <br /> intended to ensure that lower-income persons benefit from <br /> the program: (a) the adjusted gross income of each <br /> mortgagor may not exceed $44,700 (including the incomes of <br /> all persons residing in the same household); and (b) <br /> $494,621 of bond proceeds has been reserved for mortgage <br /> loans for homes located in the federally-designated target <br /> area. <br /> -6- <br />