[Federal Register Volume 59, Number 224 (Tuesday, November 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-28736]


[[Page Unknown]]

[Federal Register: November 22, 1994]


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DEPARTMENT OF AGRICULTURE

Farmers Home Administration

 

Housing Preservation Grants

AGENCY: Farmers Home Administration, USDA.

ACTION: Notice.

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SUMMARY: The Farmers Home Administration (FmHA) announces that it is 
soliciting competitive applications under its Housing Preservation 
Grant (HPG) program. This action is taken to comply with Agency 
regulations found in 7 CFR Part 1944, Subpart N, which requires the 
Agency to announce the opening and closing dates for receipt of 
preapplications for HPG funds from eligible applicants. The intended 
effect of this Notice is to provide public agencies, private nonprofit 
organizations, and other eligible entities notice of these dates. The 
HPG program will be available to provide repair and rehabilitation 
assistance to owner(s) of single or multi-unit rental properties and 
cooperative housing projects, as well as homeowners.

DATES: FmHA hereby announces that it will begin receiving 
preapplications on November 22, 1994. The closing date for acceptance 
by FmHA of preapplications is February 21, 1995. This period will be 
the only time during the current fiscal year that FmHA accepts 
preapplications. Preapplications must be received by or postmarked on 
or before this date.

ADDRESSES: Submit preapplications to FmHA field offices; applicants 
must contact their FmHA State Office for this information.

FOR FURTHER INFORMATION CONTACT: Sue M. Harris-Green, Senior Loan 
Officer, Multi-family Housing Processing Division, FmHA, USDA, Room 
5337, South Agriculture Building, Washington, DC 20250, telephone (202) 
720-1606. (This is not a toll free number.)

SUPPLEMENTARY INFORMATION: 7 CFR Part 1944, Subpart N provides details 
on what information must be contained in the preapplication package. 
Entities wishing to apply for assistance should contact the FmHA State 
Office to receive further information and copies of the application 
package. Eligible entities for these competitively awarded grants 
include State and local governments, nonprofit corporations, Federally 
recognized Indian Tribes, and consortia of eligible entities.
    This program is listed in the Catalog of Federal Domestic 
assistance under No. 10.443, Housing Preservation Grants. This program 
is subject to the provisions of Executive Order 12372 which requires 
intergovernmental consultation with State and local officials (7 CFR 
Part 3015, Subpart V; 48 FR 29115, June 24, 1983). Applicants are also 
referred to 7 CFR Part 1944, Sections 1944.674 and 1944.676 (d) and (e) 
for specific guidance on these requirements relative to the HPG 
program.
    The funding instrument for the HPG program will be a grant 
agreement. The term of the grant can vary from 1 to 2 years, depending 
on available funds and demand. No maximum or minimum grant levels have 
been set, although based on fiscal year (FY) 1993 and FY 94 experience, 
the Agency anticipates that the average grant will be between $100,000 
and $150,000 for 1 year proposal. For FY 95, $22,000,000 is available 
and has been distributed under a formula allocation to States pursuant 
to 7 CFR Part 1940, Subpart L, ``Methodology and Formulas for 
Allocation of Loan and Grant Funds.''
    Decisions on funding will be based on the preapplications, and 
notices of action on the preapplications should be made no earlier than 
66 days prior to the closing date.

    Dated: November 10, 1994. ------
Michael V. Dunn, ------
Acting Administrator, ------ Rural Housing and Community ------ 
Development Service.
[FR Doc. 94-28736 Filed 11-21-94; 8:45 am]
BILLING CODE 3410-07-P