[Federal Register Volume 59, Number 202 (Thursday, October 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26012]


[[Page Unknown]]

[Federal Register: October 20, 1994]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner
[Docket No. N-94-3729; FR-3623-N-03]

 

Announcement of Funding Awards for Section 8 Community Investment 
Demonstration Program for FY 1994

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

ACTION: Announcement of funding awards.

-----------------------------------------------------------------------

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 Section 8 Community Investment Demonstration Program for FY 
1994. This announcement contains the names and addresses of the award 
winners and the amounts of the awards.

FOR FURTHER INFORMATION CONTACT: Joseph E. Malloy, Office of Insured 
Multifamily Housing Development, Room 6134, telephone (202) 708-3000; 
or Richard L. Schmitz, Policies and Procedures Division, Room 6138, 
telephone (202) 708-1113. TDD for hearing- or speech-impaired 
individuals (202) 708-4594. (These telephone numbers are not toll-
free.)

SUMMARY INFORMATION: The Section 8 Community Investment Demonstration 
Program is authorized by section 6 of the HUD Demonstration Act of 1993 
(Pub. L. 103-120, approved October 27, 1993).
    The Notice of Funding Availability (NOFA) announcing the 
availability of $100,000,000 in FY 1994 section 8 budget authority for 
a Community Investment Demonstration Program was published in the 
Federal Register on April 26, 1994 (59 FR 21826). The purpose of the 
competition was to award set-asides to attract pension fund investment 
in affordable housing through the use of project-based rental 
assistance under section 8 of the United States Housing Act of 1937. 
Applications were scored and selected to receive set-asides on the 
basis of selection criteria contained in the NOFA.
    A total of $100 million has been awarded to six pension funds. In 
accordance with section 102(a)(4)(C) of the Department of Housing and 
Urban Development Reform Act of 1989 (42 U.S.C. 3545), the Department 
is publishing the names, addresses, and amounts of those awards as 
follows:

Fiscal Year 1994--Office of Housing--Recipients of Funding 
Decisions

    Program name: Section 8 Community Investment Demonstration Program.
    Statute: Public Law 103-120, October 27, 1993. 

------------------------------------------------------------------------
                                                              Amount    
          Funding recipient (name and address)               approved   
------------------------------------------------------------------------
AFL/CIO Housing Investment Trust, 1717 K Street, NW,                    
 Suite 707, Washington, DC 20006, (202) 331-8055........     $50,000,000
California Public Employee's Retirement System, Lincoln                 
 Plaza, 400 P Street, P.O. Box 2749, Sacramento, CA                     
 95812, (916) 362-3418..................................      10,000,000
Community Investments Division, Equitable Real Estate                   
 Investment Management, Inc., 787--7th Avenue, New York,                
 NY 10019, (212) 554-4100,..............................      10,000,000
Housing Investments, Inc., Fund for Affordable Housing,                 
 225 Franklin St., 25th Floor, Boston, MA 02110, (617)                  
 261-9228...............................................      10,000,000
New York City Office of the Comptroller,1 Center Street,                
 Room 736, New York, NY 10007, (212) 669-8177...........      10,000,000
Philadelphia Board of Pensions and Retirement, Municipal                
 Pension Fund, 2 Penn Center Plaza, 20th Floor,                         
 Philadelphia, PA 19102-1712, (215) 496-7400............      10,000,000
                                                         ---------------
    Total amount funded.................................     100,000,000
------------------------------------------------------------------------

    Dated: October 14, 1994.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 94-26012 Filed 10-19-94; 8:45 am]
BILLING CODE 4210-27-P