[Federal Register Volume 59, Number 47 (Thursday, March 10, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5533]


[[Page Unknown]]

[Federal Register: March 10, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner
[Docket No. N-94-3649; FR-3403-N-02]

 

Elder Cottage Housing Opportunity Demonstration Announcement of 
Funding Awards for FY 1993

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Announcement of funding awards.

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SUMMARY: In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989, this announcement 
notifies the public of funding award decisions made by the Department 
under the Elder Cottage Housing Opportunity (ECHO) Demonstration 
Program for FY 1993. This announcement contains the names and addresses 
of the award winners and the amount of the awards.

FOR FURTHER INFORMATION CONTACT: Margaret Milner, Acting Director, 
Office of Elderly and Assisted Housing, Room 6130, Department of 
Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 
20410. Telephone (202) 708-4542. TDD number (202) 708-4594. (These are 
not toll-free numbers.)

SUPPLEMENTARY INFORMATION: The ECHO housing demonstration program is 
authorized by section 806(b) of the Cranston-Gonzalez National 
Affordable Housing Act (Pub. L. 101-625, approved November 28, 1990) 
(NAHA), as amended by section 602(d) of the Housing and Community 
Development Act of 1992 (Pub. L. 102-550, approved October 28, 1992).
    The ECHO housing demonstration program is a demonstration program 
which allows a nonprofit section 202 owner to place a small, free-
standing, barrier free, energy efficient, and removable dwelling unit 
(ECHO unit) adjacent to the existing single family home of a friend or 
relative of an eligible elderly person.
    The purpose of the ECHO housing demonstration program is to 
determine the feasibility of incorporating ECHO units into the section 
202 capital advance program. Specifically, the Secretary is directed to 
examine the durability of ECHO units, and determine whether the ECHO 
units are durable enough for continued use over the life of a capital 
advance (40 years).
    A Notice of Funding Availability (NOFA) announcing HUD's FY 1993 
funding of $4,533,562 in Capital Advances for construction of ECHO 
units was published on August 27, 1993 (58 FR 45384). A total of 
$5,352,800 in Capital Advances for construction of 100 ECHO units was 
awarded to seven non-profit organizations. (A total of $11,800,800 was 
awarded to the recipients; however, this figure includes the project 
rental assistance contract amount, in addition to the Capital Advance 
amount.) The difference between the amount awarded Capital Advances and 
the amount announced as available in the August 27, 1993 NOFA results 
from the fact that the NOFA amount was based on development costs per 
unit on a national basis. The projects selected were largely in areas 
where the per unit development cost is above the national average. In 
addition, subsequent to the publication of the NOFA, the Department 
published new higher cost factors which were higher in most areas, 
thereby increasing the total amount awarded for capital advances. 
Section 806(b) of NAHA requires that HUD fund 100 ECHO units from FY 
1993 and 1994 Section 202 appropriations. (HUD opted to fund all 100 
ECHO units from FY 1993 section 202 appropriations.) Because section 
806(b) requires that HUD fund 100 ECHO units, without regard to the 
actual cost of those 100 ECHO units, the Department had to use 
additional funds from the section 202 appropriations to fund the 100 
ECHO units.
    The recipients were chosen in a national competition under 
selection criteria announced in the August 27, 1993 NOFA. In accordance 
with section 102 (a)(4)(C) of the Department of Housing and Urban 
Development Reform Act of 1989, the Department is publishing the names 
and addresses of the projects awarded funds under the FY 1993 NOFA, and 
the amount of awards are attached to this Notice.


    Dated: March 4, 1994.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.

                Awardees for the Elder Cottage Housing Opportunity Demonstration Program FY 1993                
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                                                                                                    PRAC annual 
                                                                      Units           Capital        contract   
                                                                                     advance          amount    
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Region: New York, New Jersey (Formerly Region II):                                                              
    Phillipsburg--031-EE022/NJ39-S932-001 NW New Jersey CAP 350                                                 
     Marshall Street Phillipsburg, NJ 08865.....................              20      $1,499,700        $93,200 
                                                                 -----------------------------------------------
        Subtotal................................................              20       1,499,700          93,200
                                                                 ===============================================
Region: Southeast (Formerly Region IV):                                                                         
    Knoxville--087-EE013/TN37-S932-001 Leadership Associates 408                                                
     N Cedar Bluff Road Knoxville, TN 37923.....................              20         943,700          53,500
    Louisville--083-EE030/KY36-S932-001 Christian Church Homes                                                  
     KY 12700 Shelbyville Road Louisville, KY 40243.............              10         513,900          29,100
    Jacksonville--066-EE025/FL29-S932-001 CODEC, Inc. 300 SW-                                                   
     12th Avenue Miami, FL 33130................................              10         542,900         28,400 
                                                                 -----------------------------------------------
        Subtotal................................................              40       2,000,500         111,000
                                                                 ===============================================
Region: Great Plains (Formerly Region VII):                                                                     
    Kansas City--102-EE011/KS16-S932-001 Contemporary Housing                                                   
     Alt. 534 S. Kansas Avenue Topeka, KS 66603.................              20         898,500          56,300
    Des Moines 074-EE013/IA05-S932-001 S. Central Iowa Dev. Corp                                                
     107 NW 2nd Street Leon, IA 50144...........................              10         484,800          28,400
    St. Louis 085-EE020/MO36-S932-001 DELMO Housing Corp P.O.                                                   
     Box 354 Lilbourn, MO 63802.................................              10         469,300         33,500 
                                                                 -----------------------------------------------
        Subtotal................................................              40       1,852,600        118,200 
                                                                 ===============================================
        Total...................................................             100       5,352,800         322,400
        Total Capital Advance Plus 20-Year Prac.................                                     11,800,800 
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[FR Doc. 94-5533 Filed 3-9-94; 8:45 am]
BILLING CODE 4210-27-M