[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
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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
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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
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Subtotal................................................ 40 1,852,600 118,200
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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