[Federal Register Volume 60, Number 10 (Tuesday, January 17, 1995)]
[Notices]
[Pages 3377-3390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-936]



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DEPARTMENT OF AGRICULTURE
Rural Housing and Community Development Service


Notice of Availability of Housing Funds

AGENCIES: Rural Housing and Community Development Service, Rural 
Business and Cooperative Development Service, Rural Utilities Service, 
and Consolidated Farm Service Agency, USDA.

ACTION: Notice.

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SUMMARY: The Rural Housing and Community Development Service (RHCDS) 
announces the availability of housing funds for Fiscal Year 1995 (FY 
95). This action is taken due to legislation which requires that RHCDS 
publish in the Federal Register notice of the availability of any 
housing assistance. The intended effect is to comply with Public Law 
101-235 and make the public aware of housing funds available through 
RHCDS.

EFFECTIVE DATE: January 17, 1995.

FOR FURTHER INFORMATION CONTACT: Cynthia Reese-Foxworth, Loan 
Specialist, Rural Rental Housing Branch, Multi-Family Housing 
Processing Division, Room 5337, or Gloria Denson, Senior Loan 
Specialist, Single Family Housing Processing Division, Room 5334, 
RHCDS, USDA, South Agriculture Building, Washington, DC 20250, 
telephones (202) 720-1608 and (202) 720-1474 respectively. (These are 
not toll free numbers).

SUPPLEMENTARY INFORMATION:

Programs Affected

    These programs/activities are listed in the Catalog of Federal 
Domestic Assistance under Nos:

10.405--Farm Labor Housing Loans and Grants
10.410--Very Low and Low Income Housing Loans
10.411--Rural Housing Site Loans
10.417--Very Low Income Housing Repair Loans and Grants
10.420--Rural Self-Help Housing Technical Assistance
10.427--Rural Rental Assistance Payments
10.433--Housing Preservation Grants
10.442--Housing Application Packaging Grants

Discussion of Notice

    7 CFR chapter XVIII, part 1940, subpart L contains the 
``Methodology and Formulas for Allocation of Loan and Grant Program 
Funds.'' The Section 515 Rural Rental Housing (RRH) Loans program has 
not been re-authorized as of the date of this publication. The 
following guidance has been provided to our State Offices on FY 95 
appropriations and access to funds. Separate guidance has been provided 
to our State Offices for assistance available in our Multi- and Single-
Family Housing Programs as follows: [[Page 3378]] 

Multi-Family Housing (MFH) Rural Housing and Community Development 
Service (RHCDS)

I. General

    A. This provides MFH allocations to individual States for Fiscal 
Year 1995 (FY 95). Allocation computations have been performed in 
accordance with Secs. 1940.576 and 1940.578 of subpart L of part 1940 
of this chapter. The transition formula is not used.
    B. State Directors are encouraged to notify nonprofit and public 
housing agencies of the availability of MFH loan and grant funds.
    C. With the exception of the Section 515 Rural Rental Housing (RRH) 
Loans program which has not been re-authorized, as of the date of this 
publication, the MFH loan deliverable levels and grant levels for FY 95 
are as follows:

Section 514 Farm Labor Housing (LH) Loans
$15,075,000
Section 516 LH Grants (Unobligated prior year balances and/or 
cancellations of prior years will be added to the amount shown)
10,900,000
Section 521 Rental Assistance (RA)
  RRH New Construction
44,563,000
  LH New Construction
3,750,000
Section 525/509 Housing Application Packaging Grants*
1,000,000
Section 533 Housing Preservation Grants (HPG)
22,000,000
    *See Single Family Housing (SFH) section of this Notice for 
further information.

    D. MFH loan types not allocated to States are:
    1. Section 514 LH Loans. These loans are funded in accordance with 
Sec. 1940.579(a) of subpart L of part 1940 of this chapter. Loans 
within the State Director's approval authority may be obligated on a 
first-come-first-served basis. Proposals that include LH grant requests 
or for loan amounts in excess of the State Director's approval 
authority are to be submitted to the Director, Multi-Family Housing 
Processing Division (MFHPD). (See paragraph IV below on review of LH 
loan and grant proposals for FY 1995.)
    2. Section 516 LH Grants. These grants are funded in accordance 
with Sec. 1940.579(b) of subpart L of part 1940 of this chapter.

FY 95 Appropriation
$10,900,000
Reserve for Migrant Farmworkers and the Rural Homeless
1,900,000
Available for LH Grants and Technical Assistance (TA) Contracts
$9,000,000

    3. Section 516 LH Grants for Migrant Farmworkers and the Rural 
Homeless. Funds are administratively reserved until June 30, 1995, for 
applicants for proposed housing under existing regulations to serve the 
dual population of migrant farmworkers and the homeless. State 
Directors and District Directors are encouraged to promote the concept 
of dual purpose housing in partnership with State or local nonprofit 
community service agencies in agricultural market areas for migrant 
farmworkers and homeless individuals and their families. Project demand 
must be based primarily on the need for migrant farmworker housing and 
feasibility can be based on 90 percent grant and 100 percent RA. 
Proposals and discussions for this dual use housing should consider 
very basic yet durable structures that can be either built new or 
purchased and rehabilitated. All proposals should be considered and 
further information may be obtained by contacting the MFHPD, Special 
Authorities Branch (SAB).
    4. Section 516 Technical Assistance (TA) Contracts. The funding 
availability for TA Contracts is based on the amounts available for 
Section 516 grants. TA is available for the development of labor 
housing exclusively for farmworkers and may also be used in those 
unique agricultural markets where there is also a homeless population. 
More information may be obtained by contacting the MFHPD, SAB. The 
Agency has solicited for contract proposals for FY 95 TA contracts to 
begin January 1995.
    5. RA for LH--New Construction. This RA is held in a National 
Office reserve in accordance with paragraph II B of this notice.

II. State Allocations

    All allocations have been developed with the methodology and 
formulas stated in subpart L of part 1940 of this chapter.
A. Section 515 RRH Funds. [Reserved]
B. Rental Assistance (RA)
    1. Valuation of New Construction RA. A total of $44,563,000 will be 
available for RRH new construction RA when the Section 515 program is 
re-authorized. A total of $3,750,000 is available for LH new 
construction RA. These equate to an estimated 4,201 units for the RRH 
and LH loan programs. To determine the number of RA units available 
nationwide, a national weighted average of $11,500 was utilized for new 
construction RA. All RA units held in the reserves are estimated, based 
on the national average.
    2. Estimated Units Available for Allocation. Approximately 4,201 
units are available for allocation.

Estimated total units available
 4,201
LH
 326
RRH
 3,875

    3. Base Allocation. No base allocation is provided.
    4. Administrative Allocation. No administrative allocation is 
provided.
    5. Reserves:
    a. State Office Reserve. [Reserved]
    b. National Office Reserve. All 326 units of LH RA will be retained 
in a separate reserve. Written requests for the LH reserve may be made 
by State Directors in conjunction with LH loan and grant requests, on a 
case-by-case basis, to the Director, MFHPD.
    6. Pooling of RA. [Reserved]
    7. Availability of the Allocation. [Reserved]
    8. Suballocation by the State Director. [Reserved]
    9. Approval and Obligation of RA. [Reserved]
    C. Section 533 Housing Preservation Grants (HPG).
    1. Amount Available for Allocation.

Total available
 $22,000,000
Less reserve
 2,200,000
Less base allocation
 5,300,000
Less administrative allocation
 0
Basic formula amount
 $14,500,000

    2. Base allocation. The base allocation is equal to the anticipated 
size of an average 1-year HPG proposal ($100,000) times the number of 
States and regions.
    3. Administrative Allocations. Not used.
    4. Reserve. Allocated funds must be used prior to requesting 
reserve funds. Further guidance on accessing the National reserve will 
be published at a later date.
    5. Rounding of Initial Allocations. HPG initial allocations have 
been rounded to the nearest $10.
    6. Pooling of Funds. Funds in excess of the dollar amount of 
applications on hand will be returned to the National Office reserve 
for redistribution.
    7. Availability of the Allocation. HPG is a competitive grant 
program. Opening and closing dates for submission of preapplications 
will be announced in the Federal Register. At this time, it is 
estimated that the 90-day preapplication period should begin on/or 
about January 3, 1995. (This date may be revised as well as the pooling 
date, depending on the publication of the announcement.) Subsequent to 
review and ranking of preapplications and submission of final 
applications, States are authorized to obligate HPG requests in amounts 
not to exceed those reflected in the chapter.

III. Exception Authority

    The Administrator, or his/her designee, may, in individual cases, 
make an exception to any requirements of this Notice which are not 
inconsistent with the authorizing statute, if he/she 
[[Page 3379]] finds that application of such requirement would 
adversely affect the interest of the Government or adversely affect the 
intent of the authorizing statute and/or MFH program or result in an 
undue hardship by applying the requirement. The Administrator, or his/
her designee, may exercise this authority upon the request of the State 
Director, Assistant Administrator for Housing, or Director of the 
MFHPD. The request must be supported by information that demonstrates 
the adverse impact or effect on the program. The Administrator, or his/
her designee, also reserves the right to change pooling dates, 
establish/change minimum and maximum fund usage from set-asides and/or 
the reserve, or restrict participation in set-asides and/or reserves.

IV. Processing Requests for LH Loan and Grant Assistance

    A. Reference should be made to exhibit D of FmHA Instruction 1901-A 
(available in any Agency office), for loan and grant approval 
authorities. For currently authorized preapplications, the National 
Office will require another authorization if the loan amount exceeds 
more than 10 percent of currently authorized loan funds or there is an 
increase in the grant amount. (However, you are advised to contact the 
National Office whenever you exceed loan amounts authorized by 
memorandum for National Office fund control purposes.)
    B. Requests for National Office authorization and use of LH loan 
and grant funds in excess of the State Director's approval authority 
will be handled administratively this year, in contrast to previous 
years. In response to State Offices' comments, the National Office will 
review full dockets only upon the request of the State Director or if 
the State has not processed at least three LH applications in the last 
5 years. States which must submit full dockets to the National Office, 
must also submit Standard Form (SF) 424.2, ``Application for Federal 
Assistance (for construction),'' information required in Exhibit A-1 of 
subpart D of part 1944 of this chapter, and recommendations from the 
State Director.
    C. As mentioned, full loan dockets will not require a National 
Office review if the State has processed at least three labor housing 
applications in the last 5 years. (This does not include LH loans made 
for on-farm housing which are usually within the State Directors loan 
authority of $400,000.) States will need to send a memorandum 
requesting loan approval authority. Requests for National Office 
authorization without a full docket review need only include the State 
Director's recommendation and assurance of completion of environmental 
review. The National Office will use the Multi-Family Housing 
Information, Status, Tracking and Retrieval System (MISTR) or the 
Automated Multi-Housing Accounting System (AMAS) entry date on the 
preapplication for its review, plus the following information:
    * Name of Applicant.
    * Comments on eligibility consistent with exhibit A-1 of subpart D 
of part 1944 of this chapter.
    * Name of TA Contractor.
    * Location of proposed housing (town, county, State).
    * Type of housing proposed: migrant, seasonal, or yearround
    * Agricultural market area (brief description).
    * Date Environmental Assessment was reviewed by National Office 
Program Support Staff.
    * Affirmative Fair Housing Marketing Plan (AFHMP).
    * RHCDS Loan/Grant Fund ratio calculated in accordance with this 
attachment. Please explain any deviations.
    * Leveraged funds, donations (i.e., name and dollar amount).
    * Project design preliminary cost breakdown, consistent with Form 
FmHA 1924-13, ``Estimate and Certificate of Actual Cost,'' with costs 
identified to housing and related facilities.
    D. RHCDS's objective is to provide a combination of loan, grant, 
and rental subsidy that meet the needs of farmworkers for the housing 
project's farm market area. The maximum use of grant funds (90 percent) 
is primarily for migrant seasonally-operated facilities. Projects that 
are operated for year-round occupancy should be 100 percent Section 514 
loan and RA. However, the formula will continue to be used in all 
applications to assure long-term project feasibility given generally 
low farmworker income.
    E. For FY 95, the approach used last year to determine loan/grant 
ratios will be continued in accordance with Sec. 1944.164 (b)(2) of 
subpart D of part 1944 of this chapter. However, the formula will use 
the individual very low-income level for the market areas being served 
instead of the average individual farmworker income for the market 
area. This is because most LH facilities tend to be occupied yearround 
by a family or by families with multi-income which is equivalent to the 
income of surrounding communities. State Directors may present 
additional information or conditions, as part of the recommendations to 
the National Office, that will be considered in approving a different 
loan/grant ratio. The following formula is a guide to determine if a 
grant should be provided for a specific LH project:
    1. Estimate the project's annual income using 30 percent of the 
very-low-income for the market area expected to be served by the 
project (from exhibit C of FmHA Instruction 1944-A) (available in any 
Agency office) and the RA average subsidy over 12 months for the State. 
In cases of other rental subsidies, term of subsidy and annual value 
can be estimated and used in place of RA contribution to project 
income. With up to 100 percent RA available, annual income should 
reflect very low-income for as many units as provided since RA 
restricts 95 percent use to this income category.
    2. Estimate the project's annual expenses, excluding amortization 
cost. Annual operating expenses to be considered are:
    (a) The vacancy rate expressed as lost revenue dollars;
    (b) Reasonable operations & maintenance (O&M) based on other 
housing experience and allowing for LH operating circumstances;
    (c) Estimated annual utility costs (whether paid by tenants or 
project); and
    (d) Percent of the total development cost (excluding initial 
operating expenses) for reserve.
    3. Subtract estimated expenses from estimated income. This balance 
is available for loan amortization.
    4. Compute maximum feasible loan using $35.73 per $1,000 for 
annualized monthly amortization expense. Difference between loan and 
recommended development cost should be funded through a LH grant.
    Example: You have reviewed and are prepared to recommend to the 
National Office a 30-unit project for $1,020,000 (includes 2 percent 
initial operating monies), with 30 units of RA. Annual very low-income 
income in the market area is $9,650.
    (For this example $2,300 is average cost for FY 95, therefore, we 
are using the average for RA annual subsidy, $2,300 per unit. Each 
State should use/substitute their RA value for new construction.) The 
annual anticipated vacancy rate is stated in terms of dollars lost from 
total income. The vacancy rate should be adjusted for anticipated 
seasonal vacancies that are discussed in the management plan. Average 
annual O&M is estimated at $2,000 per unit (adjust this amount for the 
State/District). Annual contribution to reserve will be $10,000. Annual 
utility costs [[Page 3380]] (based upon MFH projects within the State) 
is $500 per unit.

Income:                                                                 
  From tenants: $9,650 x .30 x 30 units...................      =$86,850
  RA contribution: $2,300/year x 30 units\1\..............       =69,000
                                                           -------------
      Total income........................................      $155,850
Expenses:                                                               
  Vacancy rate: (5% of income)............................        =7,792
  O&M: 30 units @ $2,000..................................       =60,000
  Reserve: $1,000,000 x .01...............................       =10,000
  Utility costs: 30 units @ $500..........................       =15,000
      Subtotal Expenses...................................      =$92,792
  Available for Amortization (Income less expenses).......      =$63,058
  Estimated Maximum Loan [(63,058/35.73 x 1000]...........   =$1,764,847
  LH loan for Total Development Cost and/plus Initial                   
   Operating Expenses rounded to nearest 1,000)...........   =$1,020,000
  LH Grant to cover difference =..........................            0 
                                                                        
Substantial deviations from the indicated loan to grant ratio must be   
  fully documented.                                                     
\1\The amount in this example is the average RA value; this can vary    
  from State to State.                                                  

V. Useful Dates to Remember ---

April 20, 1995--Estimated last day for applicants to file HPG 
preapplications.
August 15, 1995--Remaining MFH funds and RA pooled at COB.

Single Family Housing (SFH) Rural Housing and Community Development 
Service (RHCDS)

I. General

    A. This provides SFH allocations available to individual States for 
Fiscal Year 1995 (FY 95). Allocation computations have been made in 
accordance with Secs. 1940.563 through 1940.568 of subpart L of part 
1940 of this chapter. Each State Director will make certain that 
subpart L of part 1940 of this chapter is implemented within his/her 
jurisdiction.
    B. The SFH loan amounts (**) and grant amounts shown below are 
based on the total loan levels deliverable with subsidy. The SFH levels 
authorized for FY 95 are as follows:

Section 502 Guaranteed Rural Housing (RH) Loans:                        
  Nonsubsidized Guarantees**..........................    $1,048,781,000
  Subsidized Guarantees...............................                $0
Section 502 Direct RH Loans:                                            
  Very Low-income Subsidized Loans**..................      $373,596,000
  Low-income Subsidized Loans**.......................      $560,395,000
  Nonsubsidized Loans.................................                $0
  Credit Sales........................................                $0
  Section 504 Housing Repair Loans**..................       $29,498,000
  Section 504 Housing Repair Grants*..................       $24,900,000
  Section 509 Compensation for Construction Defects*..          $495,000
  Section 523 Self-Help Site Loans**..................          $206,000
  Section 523 Self-Help Technical Assistance Grants*..       $12,650,000
  Section 524 RH Site Loans**.........................          $632,000
  Section 525/509 Housing Application Packaging Grants                  
   (HAPG)*............................................                $0
  (Carry-over amounts from previous year(s) =                           
   $5,654,000.)                                                         
                                                                        
   Disaster Appropriations FY 95--September 30, 1995                    
                                                                        
Section 504 Grant.....................................      $15,000,000 
                                                                        
*Unobligated/canceled funds from prior fiscal year(s) will be added to  
  the amount shown.                                                     
**SFH loan levels deliverable with subsidy.                             


    C. SFH loan and grant types not allocated to States are available 
on a first-come-first-served basis as follows:
    1. Section 502 Direct Nonsubsidized Funds (loan making and 
servicing). There were no FY 95 funds designated for loans for 
nonsubsidized loan making and servicing applicants. However, qualified 
very low- and low-income applicants may be eligible at the time of 
application if the Interest Credit formula does not show a reduction in 
payment. This assistance will be taken from the State's subsidized 
regular funding. In completing Form FmHA 1940-1, ``Request for 
Obligation of Funds,'' for a loan that does not show a need for 
Interest Credit assistance by formula, the loan must be coded as 
``yes'' under Item 17, and the appropriate subsidized category must be 
inserted under Item 20, ``Type of Assistance.'' These loans will no 
longer be coded 010 or 011 under Item 20.
    2. Credit Sale Authority. There is no funding provided for credit 
sales in FY 95. State Directors are required to maintain an adequate 
reserve of Section 502 loan funds to finance the sale of SFH inventory 
program property to program eligible buyers. Also, FY 95 funding for 
RHCDS nonprogram financing of credit sales is not authorized.
    3. Section 509 Compensation for Construction Defects. Prior to 
approval, the State Director must request and receive written funding 
authority from the National Office, SFHPD.
    4. Section 523 Self-Help Site Loans. Before obligating loan funds 
for any project, the State Director must request funding authority from 
the National Office, SFHPD.
    5. Section 523 Self-Help Technical Assistance Grants. Before 
obligating funds, State Directors must request in writing and transmit 
by facsimile to the Single Family Housing Processing Division (SFHPD), 
the following: name of grantee, amount of obligation, and whether funds 
are for a ``predevelopment agreement.''
    6. Section 524 RH Site Loans. Prior to loan approval, the State 
Director must request funding authority from the National Office, 
SFHPD.
D. Deferred Mortgage Payment Demonstration
    1. The Agency has the authority to use up to $48,650,000 of Section 
502 funds in FY 95 in conjunction with the Deferred Mortgage Payment 
Demonstration (DMPD) program. Each State will be given an initial 
authority to use $600,000 for loan purposes under the DMPD program. 
Additional authority for the DMPD program may be requested based on 
need and subject to availability by contacting the National Office, 
SFHPD. All funds are subject to the pooling requirements of subpart L 
of part 1940 of this chapter, but the Administrator may pool funds at 
any time it is necessary.
    2. Deferred mortgage loans will be obligated as directed by the 
State. Before rejecting a very low-income applicant for lack of 
repayment ability, the County Supervisor must document in the case 
folder that deferred mortgage loan assistance has been considered. New 
loans obligated will go against the State's very low-income allocation. 
The State Director must have very low-income funds as well as the 
deferred mortgage authority in order to obligate deferred loans.
    3. To obligate assumptions and subsequent loans with assumptions, 
the State should send Forms FmHA 1940-1 and FmHA 1965-15, ``Assumption 
Agreement--Single Family Housing Loans(s),'' to the Finance Office, 
Appropriation Accounting Section, Mail Code FC-360B or by facsimile to 
314-539-2756. The Finance Office will notify the field of the 
obligation of the assumption or assumption with subsequent loan. If the 
transferee will be receiving DMPD assistance, the entire amount of the 
assumption, or assumption with subsequent loan, will be deducted from 
the State's current year DMPD fund allocation. [[Page 3381]] 
E. Disaster Appropriations for FY 95--September 30, 1995.
    1. An appropriation of Section 504 grant funds is available to 
assist homeowners that suffer uncompensated losses due to a 
Presidentially declared major natural disaster. These funds are 
available through September 30, 1995. To be eligible, the homeowner 
must otherwise qualify for the program, and have an uncompensated loss 
due to a Presidentially declared disaster.
    2. All funds will be retained in the National Office reserve, and 
the affected States may obligate against that reserve by using type of 
assistance code 178 on Form FmHA 1940-1, ``Request for Obligation of 
Funds,'' for a Section 504 grant.

II. State Allocations

    All allocations have been developed with the methodology and 
formulas stated in subpart L of part 1940 of this chapter. The funds 
distributed to each State for a particular quarter may exceed the funds 
available nationally for all States. Therefore, if funds become 
exhausted at the National Office level, some States will not have 
access to their full distribution for the remainder of the quarter.

A. Section 502  Nonsubsidized Guaranteed RH Loans

    1. Amount Available for Allocation.

Total Available
$1,048,781,000
Less National Office Reserve
10,488,000
Less Base Allocation
0
Basic Formula/Administrative Allocation
$1,038,293,000

    2. Basic Formula Criteria, Data Source, and Weight. See 1940.563 
(b) of subpart L of part 1940 of this chapter. Data derived from the 
1990 U.S. Census was provided to each State by the National Office on 
August 12, 1993, (available in any State Office).
    3. Transition Formula. Not applicable for use this fiscal year by 
the National Office or by State Offices.
    4. Base Allocation. The base allocation is an amount, if any, above 
the computed formula allocation necessary for each State to receive a 
total allocation sufficient to run a viable program (at least $1 
million).
    5. Administrative Allocation. Due to the absence of Census Data, 
the Western Pacific Areas received an administrative allocation.
    6. General Reserve. Requests for National Office reserve funds will 
be considered on a first-come-first-served basis and should be 
submitted via facsimile (202-720-2232) by the State Director to the 
National Office, SFHPD.
    7. Pooling of Funds. Funds will be pooled and redistributed. There 
will be no mid-year pooling. States will make a decision and negotiate 
with the Administrator by May 15, 1995, on returning money that cannot 
be utilized, and on requesting additional funds in this fiscal year. 
Year-end pooling is tentatively scheduled for close of business on 
August 14, 1995. Pooled funds will be placed in the National Office 
reserve and will be made available administratively.
    8. Availability of the Allocation. Funds will be distributed by 
quarters as follows: 45 percent through the first quarter, 75 percent 
through the second quarter, 95 percent through the third quarter, and 
100 percent in the fourth quarter until the National Office year-end 
pooling date.
    9. Suballocation by the State Director. The State Director will 
retain these funds at the State Office level. Funds will not be 
suballocated to District or County Offices. Block allocations for 
lenders are no longer authorized.

B. Section 502  Direct RH Loans

    1. Amount Available for Allocation.
Total Available
$933,991,000
Less General Reserve
29,000,000
Less Designated Reserves
86,000,000
Basic Formula/Administrative Allocation
$818,991,000

    2. Basic Formula Criteria, Data Source, and Weight. See 1940.565(b) 
of subpart L of part 1940 of this chapter. Data derived from the 1990 
U.S. Census was provided to each State by the National Office on August 
12, 1993, (available in any State Office).
    3. Transition Formula. Not applicable for use this fiscal year by 
the National Office or by State Offices.
    4. Base Allocation. Not applicable for use this fiscal year by the 
National Office or by State Offices.
    5. Administrative Allocation. Due to the absence of Census Data, 
the Western Pacific Areas received an administrative allocation.
    6. Reserve.
    a. State Office Reserve. State Directors must:
    (i) Maintain an adequate reserve to fund the following 
applications:
    (A) Hardship applications. State Directors must develop their own 
definition of a hardship case. Hardships as determined by the State 
Director on a case-by-case basis must include applications from persons 
living in deficient housing for more than 6 months.
    (B) The State's portion of funds for Mutual Self-Help loans.
    (C) Subsequent loans for essential improvements or repairs and in 
connection with transfers with assumptions of the RHCDS indebtedness.
    (D) Financing for the purchase of Government owned inventory 
properties.
    (E) Qualified very low- and low-income applicants may be eligible 
for funding, at time of application, if the Interest Credit formula 
does not show a reduction in payment.
    (ii) Maintain records on how the State Office reserves are 
utilized, including a justification for each hardship case authorized. 
Each State Director must establish management controls to make certain 
that loans are processed only to the point of approval unless allocated 
funds are available or prior approval has been received for sufficient 
national office reserve funds to obligate the loans.
    b. National Office Reserves.
    (i) General Reserve. The total allocated FY 95 general reserve 
contains a very limited amount of funds. The reserve funds will be 
limited to providing funds to States for extreme hardship cases.
    (A) For section 502 direct loan programs, an extreme hardship case 
exists when:
    (1) An individual or family who is currently without housing and is 
unable to find shelter on a temporary basis with other family members, 
relatives, and/or friends or the applicant is occupying a structure 
that has been recently condemned by local authorities; and/or
    (2) The family is unable to obtain an adequate rental unit because:
    (a) Such units are not available in the local Market; or
    (b) Documentation exists that the family cannot afford the interim 
move due to money, health reasons, adequacy of optioned housing, 
importance of location of optioned house, etc.; and/or
    (3) The hardship has been caused by fire, flooding, hurricane, 
tornadoes, or other causes beyond the applicant's control.
    (4) If health conditions exist, the applicant must have written 
documentation from a licensed physician.
    (5) Certain subsequent loans may be made in conjunction with a 
transfer/assumption, if the loan amount is very small and the hardship 
is determined to be unique.
    (B) Reserve requests should be submitted via facsimile (202-720-
2232) by State Directors to the National Office, SFHPD, on a case-by-
case basis. FmHA Guide Letter 1940-L-1 (available in any Agency office) 
must be used to submit all hardship requests to the National Office. 
Requests for loan funds must have complete documentation which includes 
the applicant's name, case number, amount of request, very low- or 
[[Page 3382]] low-income category, and extreme hardship justification. 
Based upon need and projected availability of unobligated funds, the 
Administrator reserves the right to permit expanded access to funds 
from the National Office without notice in the Federal Register.
    (C) All funds allocated to states are subject to the availability 
of funds at the national level.
    (ii) Designated Reserves
    (A) Targeted Reserve. Of the FY 95 Section 502 funds, $36 million 
will be held in the National Office's reserve for targeted counties. 
Designated funds will be allotted 60 percent for low-income and 40 
percent for very low-income. These funds will be subject to year-end 
pooling requirements. Further directions will follow.
    (B) Demonstration Housing Program. Section 502 RH funds in the 
amount of $10 million have been set aside for the demonstration housing 
program and will be designated on a project-by-project basis. 
Designated funds will be allotted 60 percent for low-income and 40 
percent for very low-income. All funds are subject to the pooling 
requirements of subpart L of part 1940 of this chapter. A copy of Form 
FmHA 1944-2, ``Single Family Housing Fund Analysis,'' must be submitted 
to the National Office, SFHPD for each obligation. Further guidance can 
be obtained by contacting the SFHPD, Director.
    (C) Matching Funds for States with Approved Mutual Self-Help 
Housing Grants. The amount of $40 million of FY 95 Section 502 funds 
has been set aside for matching funds on the basis of the National 
Office contributing 80 percent from the National Office reserve to an 
individual State's 20 percent of allocated Section 502 RH funds used to 
assist participating Self-Help families. Funds are to be requested for 
the participating families at the time of loan approval and are subject 
to the pooling requirements of subpart L of part 1940 of this chapter.
    Requests for matching funds for approved Self-Help obligations 
should be submitted immediately after obligation and always prior to 
pooling. Requests for these funds should be submitted in writing by 
State Directors to the National Office, SFHPD, and include the name and 
case number of the applicants, total loan amount(s), amount of State 
contribution, amount requested from the National Office reserve, and 
applicant income category (very low- or low-income). Not less than 40 
percent of these funds (States or reserved) must be very low-income 
Section 502.
    7. Pooling of Funds. 
    a. State Office Pooling. If pooling is conducted within a State, it 
must not take place within the first 30 calendar days of the first, 
second, or third quarter. (There are no restrictions on pooling in the 
fourth quarter.) The pooled funds may be redistributed by the State 
Director provided the State Director has determined that the pooled 
funds could not be used in the District/County Offices receiving the 
funds allocated in accordance with subpart L of part 1940 of this 
chapter. This determination will:
    (i) Be in writing,
    (ii) Be filed in the State Office, and
    (iii) Include a statement that all appropriate efforts were made to 
use the funds as allocated.
    b. National Office Pooling. Funds will be pooled and redistributed. 
There will be no mid-year pooling. States will make a decision and 
negotiate with the Administrator by May 15, 1995, on returning money 
that cannot be utilized, and on requesting additional funds in that 
fiscal year. Year-end pooling is tentatively scheduled for close of 
business August 14, 1995. Year-end pooled funds will be placed in the 
National Office reserve and will be made available administratively.
    8. Availability of the Allocation. The Housing Act of 1949, as 
amended, provides that not less than 40 percent of the funds be made 
available for very low-income Section 502 loan applicants. Funds will 
be distributed by quarters as follows: 40 percent through the first 
quarter, 70 percent through the second quarter, 90 percent through the 
third quarter, and 100 percent in the fourth quarter until the National 
Office year-end pooling date.
    9. Suballocation by the State Director. The State Director must 
suballocate to each District Office using the methodology and formulas 
required by subpart L of part 1940 of this chapter. The District 
Director will make funds available on a first-come-first-served basis 
to all County Offices in the district. No County Office will have its 
access to funds restricted without the prior written approval of the 
Administrator.
    C. Section 504 Housing Repair Loans and Grants. 
    1. Amount Available for Allocations.


Section 504 Loans                                                       
                                                                        
Total Available............................................  $29,498,000
Less General Reserve.......................................      295,000
Less Designated Targeted Reserve...........................    1,200,000
Basic Formula/Administrative Allocation....................   28,003,000
Section 504 Grants                                                      
                                                                        
Total Available............................................   24,900,000
Less General Reserve.......................................      249,000
Less Designated Targeted Reserve...........................    1,000,000
Basic Formula/Administrative Allocation....................   23,651,000
                                                                        
                                                                        

    2. Basic Formula Criteria, Data Source, and Weight. See 
Sec. 1940.566 (b) and 1940.567 (b) of subpart L of part 1940 of this 
chapter. Data derived from the 1990 U.S. Census was provided to each 
State by the National Office on August 12, 1993, (available in any 
State Office). This data must be used if funds are suballocated to 
District Offices.
    3. Transition Formula. Not applicable for use this fiscal year by 
the National Office or by State Offices.
    4. Base Allocation. Not applicable for use this fiscal year by the 
National Office or by State Offices.
    5. Administrative Allocation. Due to the absence of Census Data, 
the Western Pacific Areas received an administrative allocation.
    6. Reserve. 
    a. State Office Reserve. State Directors must:
    (i) Maintain an adequate reserve to fund hardship applications.
    (ii) Develop their own definition of a hardship case. Hardships 
will be determined by the State Director on a case-by-case basis.
    (iii) Maintain records on how State Office reserves were utilized, 
including a justification for each hardship case disbursement. Each 
state director must establish Management controls to make certain that 
loans and grants are processed only to the point of approval unless 
allocated funds are available or prior approval has been received for 
sufficient national office reserve funds to obligate the loans or 
grants.
    b. National Office Reserves. 
    (i) General Reserve. The total allocated FY 95 funds contain only 1 
percent for the general reserve. Use of these reserve funds will be 
limited to providing funds to States for extreme hardship cases.
    (A) For section 504 programs, an extreme hardship case is defined 
as an individual case with a significant priority in funding, ahead of 
other requests, due to severe health or safety hazards, and/or physical 
needs of the applicant or community. the priority may be related to 
sanitation hazards, or impending climatic hazards which are above 
average and should receive priority for funds.
    (B) Reserve requests should be submitted via facsimile (202-720-
2232) by State Directors to the National Office, SFHPD, on a case-by-
case basis. FmHA Guide Letter 1940-L-2 (available in any Agency office) 
must be used to submit all hardship requests to the National 
[[Page 3383]] Office. Requests for loan funds must have complete 
documentation which includes the applicant's name, case number, amount 
of request, and extreme hardship justification. Based upon need and 
projected availability of unobligated funds, the Administrator reserves 
the right to permit expanded access to funds from the National Office 
without notice in the Federal Register.
    (C) All funds allocated to states are subject to the availability 
of funds at the national level.
    (ii) Targeted Reserve. Of the FY 95 Section 504 loan and grant 
appropriations, $1.2 million and $1 million respectively will be held 
in the National Office's reserve for the targeted counties. These funds 
will be subject to year-end pooling requirements. Further directions 
will follow.
    7. Pooling of Funds. Funds will be pooled and redistributed. There 
will be no mid-year pooling. States will make a decision and negotiate 
with the Administrator by May 15, 1995, on returning money that cannot 
be utilized, and on requesting additional funds in that fiscal year. 
Year-end pooling is tentatively scheduled for close of business on 
August 14, 1995. Pooled funds will be placed in the National Office 
reserve and will be made available administratively.
    8. Availability of the Allocation. Funds will be distributed by 
quarters as follows: 40 percent through the first quarter, 70 percent 
through the second quarter, 90 percent through the third quarter, and 
100 percent in the fourth quarter until the National Office year-end 
pooling date.
    D. Section 525/509 HAPG.
    1. Amount Available for Allocations.


Total Available (Carry-over  Funds)........................   $5,654,000
Less General Reserve.......................................    1,654,000
Basic Formula Amount                                                    
  Section 502/504 Loans/Grants.............................    3,000,000
  Section 514/516, 515, 524, and 533.......................    1,000,000
                                                                        

    2. Basic Formula Criteria, Data Source, and Weight. For Section 
502/504 loan/grant programs, each participating State's funds will be 
based on its number of eligible counties/colonias, with each State 
receiving a pro rata share of the total funds available. For Section 
514/516, 515, 524, and 533 programs, $1 million has been set aside in 
the National Office, on a first-come-first-served basis.
    3. Transition Formula. Not applicable for use this fiscal year by 
the National Office or by State Offices.
    4. Base Allocation. Not applicable for use this fiscal year by the 
National Office or by State Offices.
    5. Administrative Allocation. Not applicable for use this fiscal 
year by the National Office or by State Offices.
    6. General Reserve. Requests for National Office reserve funds will 
be considered on a first-come-first-served basis and should be 
submitted via facsimile (202-720-2232) by the State Director to the 
National Office, SFHPD. FmHA Guide Letter 1940-L-2 (available in any 
Agency office) must be used.
    7. Pooling of Funds. Year-end pooling is tentatively scheduled for 
close of business August 14, 1995. Pooled funds will be placed in the 
National Office reserve and will be made available administratively.
    8. Availability of the Allocation. Funds will be distributed by 
quarters as follows: 40 percent through the first quarter, 70 percent 
through the second quarter, 90 percent through the third quarter, and 
100 percent in the fourth quarter until the National Office year-end 
pooling date.

III. Exception Authority

    The Administrator, or his/her designee, may, in individual cases, 
make an exception to any requirements of this Notice which are not 
inconsistent with the authorizing statute, if he/she finds that 
application of such requirement would adversely affect the interest of 
the Government or adversely affect the intent of the authorizing 
statute and/or SFH program or result in an undue hardship by applying 
the requirement. The Administrator, or his/her designee, may exercise 
this authority upon the request of the State Director, Assistant 
Administrator for Housing, or Director of the SFHPD. The request must 
be supported by information that demonstrates the adverse impact or 
effect on the program. The Administrator, or his/her designee, also 
reserves the right to change pooling dates, establish/change minimum 
and maximum fund usage from set asides and/or the reserve, or restrict 
participation in set asides and/or reserves.
    The following spreadsheets allocate FY 95 MFH and SFH loan and 
grant funds to individual States:

                   Multi-Family Housing Section 533 HPG Initial Allocations--Fiscal Year 1995                   
----------------------------------------------------------------------------------------------------------------
                                                              Basic         Basic                       FY 95   
                   State                        Base         formula       formula    Total amount     initial  
                                             allocation      factor        amount                    allocation 
----------------------------------------------------------------------------------------------------------------
Alabama...................................      $100,000       0.02957      $428,765      $528,765      $528,770
Alaska....................................       100,000        .00587        85,115       185,115       185,120
Arizona...................................       100,000        .01780       258,100       358,100       358,100
Arkansas..................................       100,000        .02310       334,950       434,950       434,950
California................................       100,000        .04653       674,685       774,685       774,690
Colorado..................................       100,000        .00840       121,800       221,800       221,800
Connecticut...............................       100,000        .00453        65,685       165,685       165,690
Delaware..................................       100,000        .00190        27,550       127,550       127,550
Florida...................................       100,000        .02890       419,050       519,050       519,050
Georgia...................................       100,000        .03867       560,715       660,715       660,720
Hawaii....................................       100,000        .00617        89,465       189,465       189,470
Idaho.....................................       100,000        .00743       107,735       207,735       207,740
Illinois..................................       100,000        .02250       326,250       426,250       426,250
Indiana...................................       100,000        .02157       312,765       412,765       412,770
Iowa......................................       100,000        .01340       194,300       294,300       294,300
Kansas....................................       100,000        .01130       163,850       263,850       263,850
Kentucky..................................       100,000        .03483       505,035       605,035       605,040
Louisiana.................................       100,000        .03170       459,650       559,650       559,650
Maine.....................................       100,000        .00913       132,385       232,385       232,390
Maryland..................................       100,000        .00880       127,600       227,600       227,600
Massachusetts.............................       100,000        .00793       114,985       214,985       214,990
Michigan..................................       100,000        .02977       431,665       531,665       531,670
Minnesota.................................       100,000        .01673       242,585       342,585       342,590
[[Page 3384]]                                                                                                   
                                                                                                                
Mississippi...............................       100,000        .03180       461,100       561,100       561,100
Missouri..................................       100,000        .02460       356,700       456,700       456,700
Montana...................................       100,000        .00620        89,900       189,900       189,900
Nebraska..................................       100,000        .00713       103,385       203,385       203,390
Nevada....................................       100,000        .00263        38,135       138,135       138,140
New Hampshire.............................       100,000        .00503        72,935       172,935       172,940
New Jersey................................       100,000        .00657        95,265       195,265       195,270
New Mexico................................       100,000        .01437       208,365       308,365       308,370
New York..................................       100,000        .02753       399,185       499,185       499,190
North Carolina............................       100,000        .04497       652,065       752,065       752,070
North Dakota..............................       100,000        .00413        59,885       159,885       159,890
Ohio......................................       100,000        .03450       500,250       600,250       600,250
Oklahoma..................................       100,000        .01917       277,965       377,965       377,970
Oregon....................................       100,000        .01423       206,335       306,335       306,340
Pennsylvania..............................       100,000        .03687       534,615       634,615       634,620
Puerto Rico...............................       100,000        .04923       713,835       813,835       813,840
Rhode Island..............................       100,000        .00105        15,225       115,225       115,230
South Carolina............................       100,000        .02690       390,050       490,050       490,050
South Dakota..............................       100,000        .00597        86,565       186,565       186,570
Tennessee.................................       100,000        .02973       431,085       531,085       531,090
Texas.....................................       100,000        .07639     1,107,633     1,207,633     1,207,630
Utah......................................       100,000        .00430        62,350       162,350       162,350
Vermont...................................       100,000        .00403        58,435       158,435       158,440
Virginia..................................       100,000        .02660       385,700       485,700       485,700
Virgin Islands............................       100,000        .00273        39,585       139,585       139,590
Washington................................       100,000        .01743       252,735       352,735       352,740
W. Pacific Terr...........................       100,000        .00820       118,900       218,900       218,900
West Virginia.............................       100,000        .01937       280,865       380,865       380,870
Wisconsin.................................       100,000        .01873       271,585       371,585       371,590
Wyoming...................................       100,000        .00307        44,515       144,515       144,520
                                           ---------------------------------------------------------------------
      State totals........................     5,300,000  ............    14,500,000  ............    19,800,000
      N.O. reserves.......................  ............  ............  ............  ............     2,200,000
      Total allocation....................    22,000,000  ............  ............  ............    22,000,000
      Base allocation.....................       100,000  ............  ............  ............  ............
----------------------------------------------------------------------------------------------------------------


     Rural Housing and Community Development Service, Fiscal Year 1995 Allocation in Thousands, Section 502     
                                        Guaranteed Loans (Nonsubsidized)                                        
----------------------------------------------------------------------------------------------------------------
                                                                                      State basic               
                                                                       State basic     formula/       Total FY  
                               States                                    formula    administrative      1995    
                                                                         factor       allocation     allocation 
----------------------------------------------------------------------------------------------------------------
Alabama.............................................................     0.0253847         26,331         26,331
Alaska..............................................................      .0061561          6,386          6,386
Arizona.............................................................      .0155290         16,108         16,108
Arkansas............................................................      .0213661         22,163         22,163
California..........................................................      .0524861         54,443         54,443
Colorado............................................................      .0100701         10,446         10,446
Delaware............................................................      .0024043          2,494          2,494
Maryland............................................................      .0104750         10,886         10,886
Florida.............................................................      .0308357         31,986         31,986
Georgia.............................................................      .0385293         39,966         39,966
Hawaii..............................................................      .0083323          8,643          8,643
  W. Pacific Areas*.................................................           N/A          1,000          1,000
Idaho...............................................................      .0077774          8,067          8,067
Illinois............................................................      .0256395         26,596         26,596
Indiana.............................................................      .0236023         24,482         24,482
Iowa................................................................      .0151422         15,707         15,707
Kansas..............................................................      .0123032         12,762         12,762
Kentucky............................................................      .0286790         29,748         29,748
Louisiana...........................................................      .0256223         26,578         26,578
Maine...............................................................      .0113916         11,816         11,816
Massachusetts.......................................................      .0117468         12,185         12,185
  Connecticut.......................................................      .0065708          6,816          6,816
  Rhode Island......................................................      .0017216          1,786          1,786
Michigan............................................................      .0337181         34,976         34,976
Minnesota...........................................................      .0184738         19,163         19,163
Mississippi.........................................................      .0259670         26,935         26,935
Missouri............................................................      .0253687         26,315         26,315
[[Page 3385]]                                                                                                   
                                                                                                                
Montana.............................................................      .0067138          6,964          6,964
Nebraska............................................................      .0083216          8,632          8,632
Nevada..............................................................      .0029735          3,084          3,084
New Jersey..........................................................      .0091825          9,525          9,525
New Mexico..........................................................      .0117200         12,157         12,157
New York............................................................      .0369739         38,353         38,353
North Carolina......................................................      .0471742         48,933         48,933
North Dakota........................................................      .0040847          4,237          4,237
Ohio................................................................      .0378081         39,218         39,218
Oklahoma............................................................      .0175713         18,227         18,227
Oregon..............................................................      .0166212         17,241         17,241
Pennsylvania........................................................      .0438367         45,472         45,472
Puerto Rico.........................................................      .0250931         26,029         26,029
South Carolina......................................................      .0249510         25,881         25,881
South Dakota........................................................      .0065435          6,787          6,787
Tennessee...........................................................      .0276859         28,718         28,718
Texas...............................................................      .0665018         68,982         68,982
Utah................................................................      .0039861          4,135          4,135
Vermont.............................................................      .0057475          5,962          5,962
  New Hampshire.....................................................      .0075234          7,804          7,804
  Virgin Islands....................................................      .0027236          2,825          2,825
Virginia............................................................      .0278404         28,879         28,879
Washington..........................................................      .0200905         20,840         20,840
West Virginia.......................................................      .0172518         17,895         17,895
Wisconsin...........................................................      .0222867         23,110         23,110
Wyoming.............................................................      .0035006          3,631          3,631
                                                                     -------------------------------------------
      State totals..................................................     1.0000000      1,038,293      1,038,293
      General reserve...............................................  ............  ..............        10,488
      Designated reserves...........................................  ............  ..............             0
      Total.........................................................  ............  ..............     1,048,781
----------------------------------------------------------------------------------------------------------------
*Denotes Administrative Allocation.                                                                             


  Rural Housing and Community Development Service, Fiscal Year 1995 Allocation in Thousands, Section 502 Direct 
                                               Rural Housing Loans                                              
----------------------------------------------------------------------------------------------------------------
                                                                                      State basic               
                                                                       State basic     formula/       Total FY  
                               States                                    formula    administrative      1995    
                                                                         factor       allocation     allocation 
----------------------------------------------------------------------------------------------------------------
Alabama.............................................................     0.0267275         21,801         21,801
Alaska..............................................................      .0055160          4,499          4,499
Arizona.............................................................      .0145422         11,862         11,862
Arkansas............................................................      .0208104         16,974         16,974
California..........................................................      .0454819         37,098         37,098
Colorado............................................................      .0091766          7,485          7,845
Delaware............................................................      .0024571          2,004          2,004
  Maryland..........................................................      .0115334          9,408          9,408
Florida.............................................................      .0312406         25,482         25,482
Georgia.............................................................      .0374586         30,554         30,554
Hawaii..............................................................      .0067195          5,481          5,481
  W. Pacific Areas*.................................................           N/A          3,318          3,318
Idaho...............................................................      .0076722          6,258          6,258
Illinois............................................................      .0266774         21,760         21,760
Indiana.............................................................      .0270785         22,087         22,087
Iowa................................................................      .0163474         13,334         13,334
Kansas..............................................................       0127369         10,389         10,389
Kentucky............................................................      .0288838         23,560         23,560
Louisiana...........................................................      .0246715         20,124         20,124
Maine...............................................................      .0108314          8,835          8,835
Massachusetts.......................................................      .0109818          8,958          8,958
  Connecticut.......................................................      .0066693          5,440          5,440
  Rhode Island......................................................      .0015545          1,268          1,268
Michigan............................................................      .0353525         28,836         28,836
Minnesota...........................................................      .0199077         16,238         16,238
Mississippi.........................................................      .0250226         20,410         20,410
Missouri............................................................      .0252733         20,615         20,615
[[Page 3386]]                                                                                                   
                                                                                                                
Montana.............................................................      .0063685          5,195          5,195
Nebraska............................................................      .0086752          7,076          7,076
  Nevada............................................................      .0028583          2,331          2,331
New Jersey..........................................................      .0097784          7,976          7,976
New Mexico..........................................................      .0110320          8,998          8,998
New York............................................................      .0359041         29,286         29,286
North Carolina......................................................      .0484405         39,512         39,512
North Dakota........................................................      .0045131          3,681          3,681
Ohio................................................................      .0390131         31,822         31,822
Oklahoma............................................................      .0174005         14,193         14,193
Oregon..............................................................      .0154949         12,369         12,639
Pennsylvania........................................................      .0467857         38,162         38,162
Puerto Rico.........................................................      .0239695         19,551         19,551
South Carolina......................................................      .0258249         21,065         21,065
South Dakota........................................................      .0062682          5,113          5,113
Tennessee...........................................................      .0291846         23,805         23,805
Texas...............................................................      .0660415         53,867         53,867
Utah................................................................      .0040618          3,313          3,313
Vermont.............................................................      .0052653          4,295          4,295
  New Hampshire.....................................................      .0072711          5,931          5,931
  Virgin Islands....................................................      .0020058          1,636          1,636
Virginia............................................................      .0289841         23,642         23,642
Washington..........................................................      .0187042         15,257         15,257
West Virginia.......................................................      .0175008         14,275         14,275
Wisconsin...........................................................      .0237188         19,347         19,347
Wyoming.............................................................      .0036105          2,945          2,945
                                                                     -------------------------------------------
      State totals..................................................     1.0000000        818,991        818,991
      General reserve...............................................  ............  ..............        29,000
      Designated reserves...........................................  ............  ..............        86,000
      Total.........................................................  ............  ..............       933,991
----------------------------------------------------------------------------------------------------------------
*Denotes Administrative Allocation.                                                                             


    Rural Housing and Community Development Service, Fiscal Year 1995   
     Allocation in Thousands, Section 502 Direct Rural Housing Loans    
------------------------------------------------------------------------
                                                Very low-               
                                  Total FY       income      Low-income 
            States                  1995       allocation    allocation 
                                 allocation    40 percent    60 percent 
------------------------------------------------------------------------
Alabama.......................        21,801         8,721        13,080
Alaska........................         4,499         1,800         2,699
Arizona.......................        11,862         4,745         7,117
Arkansas......................        16,974         6,790        10,184
California....................        37,098        14,840        22,258
Colorado......................         7,485         2,994         4,491
Delaware......................         2,004           802         1,202
  Maryland....................         9,408         3,764         5,644
Florida.......................        25,482        10,193        15,289
Georgia.......................        30,554        12,222        18,332
Hawaii........................         5,481         2,193         3,288
  W. Pacific Areas............         3,318         1,328         1,990
Idaho.........................         6,258         2,504         3,754
Illinois......................        21,760         8,704        13,056
Indiana.......................        22,087         8,835        13,252
Iowa..........................        13,334         5,334         8,000
Kansas........................        10,389         4,156         6,233
Kentucky......................        23,560         9,424        14,136
Louisiana.....................        20,124         8,050        12,074
Maine.........................         8,835         3,534         5,301
Massachusetts.................         8,958         3,584         5,374
  Connecticut.................         5,440         2,176         3,264
  Rhode Island................         1,268           508           760
Michigan......................        28,836        11,535        17,301
Minnesota.....................        16,238         6,496         9,742
Mississippi...................        20,410         8,164        12,246
Missouri......................        20,615         8,246        12,369
[[Page 3387]]                                                           
                                                                        
Montana.......................         5,195         2,078         3,117
Nebraska......................         7,076         2,831         4,245
  Nevada......................         2,331           933         1,398
New Jersey....................         7,976         3,191         4,785
New Mexico....................         8,998         3,600         5,398
New York......................        29,286        11,715        17,571
North Carolina................        39,512        15,805        23,707
North Dakota..................         3,681         1,473         2,208
Ohio..........................        31,822        12,729        19,093
Oklahoma......................        14,193         5,678         8,515
Oregon........................        12,639         5,056         7,583
Pennsylvania..................        38,162        15,265        22,897
Puerto Rico...................        19,551         7,821        11,730
South Carolina................        21,065         8,426        12,639
South Dakota..................         5,113         2,046         3,067
Tennessee.....................        23,805         9,522        14,283
Texas.........................        53,867        21,526        32,341
Utah..........................         3,313         1,326         1,987
Vermont.......................         4,295         1,718         2,577
  New Hampshire...............         5,931         2,373         3,558
  Virgin Islands..............         1,636           655           981
Virginia......................        23,642         9,457        14,185
Washington....................        15,257         6,103         9,154
West Virginia.................        14,275         5,710         8,565
Wisconsin.....................        19,347         7,739        11,608
Wyoming.......................         2,945         1,178         1,767
                               -----------------------------------------
      State Totals............       818,991       327,596       491,395
      General Reserve.........        29,000        11,600        17,400
      Designated Reserves.....        86,000        34,400        51,600
      Total...................       933,991       373,596       560,395
------------------------------------------------------------------------


  Rural Housing and Community Development Service, Fiscal Year 1995 Allocation in Thousands, Section 504 Rural  
                                                  Housing Loans                                                 
----------------------------------------------------------------------------------------------------------------
                                                                                      State basic               
                                                                       State basic     formula/       Total FY  
                               States                                    formula    administrative      1995    
                                                                         factor       allocation     allocation 
----------------------------------------------------------------------------------------------------------------
Alabama.............................................................      .0291457            755            755
Alaska..............................................................      .0080402            208            208
Arizona.............................................................      .0201005            521            521
Arkansas............................................................      .0226131            586            586
California..........................................................      .0532663          1,380          1,380
Colorado............................................................      .0085427            221            221
Delaware............................................................      .0020101             52             52
  Maryland..........................................................      .0095477            247            247
Florida.............................................................      .0296482            768            768
Georgia.............................................................      .0396985          1,028          1,028
Hawaii..............................................................      .0100503            260            260
  W. Pacific Areas*.................................................           N/A          2,100          2,100
Idaho...............................................................      .0075377            195            195
Illinois............................................................      .0226131            586            586
Indiana.............................................................      .0221106            573            573
Iowa................................................................      .0130653            338            338
Kansas..............................................................      .0115578            299            299
Kentucky............................................................      .0321608            833            833
Louisiana...........................................................      .0296482            768            768
Maine...............................................................      .0100503            260            260
Massachusetts.......................................................      .0080402            208            208
  Connecticut.......................................................      .0040201            104            104
  Rhode Island......................................................       .001050             26             26
 Michigan...........................................................      .0291457            755            755
Minnesota...........................................................      .0175879            456            456
Mississippi.........................................................      .0301508            781            781
Missouri............................................................      .0241206            625            625
Montana.............................................................      .0060302            156            156
[[Page 3388]]                                                                                                   
                                                                                                                
Nebraska............................................................      .0070352            182            182
Nevada..............................................................      .0030151             78             78
New Jersey..........................................................      .0070352            182            182
New Mexico..........................................................      .0150754            390            390
New York............................................................      .0286432            742            742
North Carolina......................................................      .0477387          1,237          1,237
North Dakota........................................................      .0040201            104            104
Ohio................................................................      .0331658            859            859
Oklahoma............................................................      .0175879            456            456
Oregon..............................................................      .0150754            390            390
Pennsylvania........................................................      .0371859            963            963
Puerto Rico.........................................................      .0341709            885            885
South Carolina......................................................      .0281407            729            729
South Dakota........................................................      .0060302            156            156
Tennessee...........................................................      .0296482            768            768
Texas...............................................................      .0783920          2,033          2,033
Utah................................................................      .0040201            104            104
Vermont.............................................................      .0045226            117            117
  New Hampshire.....................................................      .0055276            143            143
  Virgin Islands....................................................      .0030151             78             78
Virginia............................................................      .0296482            768            768
Washington..........................................................      .0185930            482            482
West Virginia.......................................................      .0180905            469            469
Wisconsin...........................................................      .0195980            508            508
Wyoming.............................................................      .0035176             91             91
                                                                     -------------------------------------------
      State totals..................................................     1.0000000         28,003         28,003
      General Reserve...............................................  ............  ..............           295
      Designated Reserves...........................................  ............  ..............         1,200
      Total.........................................................  ............  ..............        29,498
----------------------------------------------------------------------------------------------------------------
*Denotes Administrative Allocation.                                                                             


  Rural Housing and Community Development Service, Fiscal Year 1995 Allocation in Thousands, Section 504 Rural  
                                                 Housing Grants                                                 
----------------------------------------------------------------------------------------------------------------
                                                                                      State basic               
                                                                       State basic     formula/       Total FY  
                               States                                    formula    administrative      1995    
                                                                         factor       allocation     allocation 
----------------------------------------------------------------------------------------------------------------
Alabama.............................................................     0.0281124            647            647
Alaska..............................................................      .0056894            131            131
Arizona.............................................................      .0170683            393            393
Arkansas............................................................      .0224230            516            516
California..........................................................      .0481928          1,109          1,109
Colorado............................................................      .0083668            193            193
Delaware............................................................      .0023427             54             54
Maryland............................................................      .0100402            231            231
Florida.............................................................      .0341365            786            786
Georgia.............................................................      .0368139            847            847
Hawaii..............................................................      .0076975            177            177
  W. Pacific Areas*.................................................           N/A            640            640
Idaho...............................................................      .0073628            169            169
Illinois............................................................      .0264391            608            608
Indiana.............................................................      .0244311            562            562
Iowa................................................................      .0163989            377            377
Kansas..............................................................      .0133869            308            308
Kentucky............................................................      .0297858            685            685
Louisiana...........................................................      .0261044            601            601
Maine...............................................................      .0103748            239            239
Massachusetts.......................................................      .0097055            223            223
Connecticut.........................................................      .0053548            123            123
Rhode Island........................................................      .0013387             31             31
Michigan............................................................      .0317938            732            732
Minnesota...........................................................      .0197456            454            454
Mississippi.........................................................      .0271084            624            624
Missouri............................................................      .0257697            593            593
Montana.............................................................      .0060241            139            139
[[Page 3389]]                                                                                                   
                                                                                                                
Nebraska............................................................      .0087015            200            200
Nevada..............................................................      .0026774             62             62
New Jersey..........................................................      .0083668            193            193
New Mexico..........................................................      .0123829            285            285
New York............................................................      .0324632            747            747
North Carolina......................................................      .0471888          1,086          1,086
North Dakota........................................................      .0046854            108            108
Ohio................................................................      .0361446            832            832
Oklahoma............................................................      .0184070            424            424
Oregon..............................................................      .0157296            362            362
Pennsylvania........................................................      .0438420          1,009          1,009
Puerto Rico.........................................................      .0264391            608            608
South Carolina......................................................      .0261044            601            601
South Dakota........................................................      .0063588            146            146
Tennessee...........................................................      .0294511            678            678
Texas...............................................................      .0716198          1,644          1,644
Utah................................................................      .0036814             85             85
Vermont.............................................................      .0046854            108            108
New Hampshire.......................................................      .0060241            139            139
Virgin Islands......................................................      .0023427             54             54
Virginia............................................................      .0284471            655            655
Washington..........................................................      .0184070            424            424
West Virginia.......................................................      .0180723            416            416
Wisconsin...........................................................      .0224230            516            516
Wyoming.............................................................      .0033467             77             77
                                                                     -------------------------------------------
      State totals..................................................     1.0000000         23,651         23,651
      General reserve...............................................  ............  ..............           249
      Designated reserves...........................................  ............  ..............         1,000
      Total.........................................................  ............  ..............        24,900
----------------------------------------------------------------------------------------------------------------
*Denotes Administrative Allocation.                                                                             


      Rural Housing and Community Development Service, Fiscal Year 1995 Allocation, Section 525/509 Housing     
                                       Application, Packaging Grant Funds                                       
----------------------------------------------------------------------------------------------------------------
                                                                                                      Number of 
                                                            Number of    State basic      State       packaging 
                         States                             counties       formula     allocation    grants per 
                                                            eligible       factor                    allocation 
----------------------------------------------------------------------------------------------------------------
Alabama.................................................            13     0.0431894       130,000           260
Alaska..................................................             5      .0166113        50,000           100
Arizona.................................................             8      .0265781        80,000           160
Arkansas................................................             5      .0166113        50,000           100
California..............................................             3      .0099668        30,000            60
Colorado................................................             1      .0033223        10,000            20
Florida.................................................             2      .0066445        20,000            40
Georgia.................................................            22      .0730897       219,000           438
Idaho...................................................             1      .0033223        10,000            20
Kentucky................................................            25      .0830565       249,000           498
Louisiana...............................................            10      .0332226       100,000           200
Mississippi.............................................            27      .0897010       269,000           538
Montana.................................................             2      .0066445        20,000            40
New Mexico..............................................            11      .0365449       110,000           220
North Carolina..........................................             4      .0132890        40,000            80
North Dakota............................................             3      .0099668        30,000            60
Ohio....................................................             1      .0033223        10,000            20
South Carolina..........................................             6      .0199336        60,000           120
South Dakota............................................             9      .0299003        90,000           180
Tennessee...............................................             2      .0066445        20,000            40
Texas...................................................            45      .1495017       446,000           892
Utah....................................................             1      .0033223        10,000            20
Virginia................................................             4      .0132890        40,000            80
Washington..............................................             2      .0066445        20,000            40
West Virginia...........................................             4      .0132890        40,000            80
Wisconsin...............................................             1      .0033223        10,000            20
Puerto Rico.............................................            77      .2558140       767,000         1,534
Virgin Islands..........................................             2      .0066445        20,000            40
[[Page 3390]]                                                                                                   
                                                                                                                
West Pac Terr...........................................             5      .0166113        50,000           100
                                                         -------------------------------------------------------
      Total counties....................................           301     1.0000000     3,000,000         6,000
      Total reserve.....................................  ............  ............     2,654,000  ............
      National total....................................  ............  ............     5,654,000  ............
----------------------------------------------------------------------------------------------------------------
$1,000,000 for section 514/516, 515, 524 and 533 to be held in national office, available on a first-come-first-
  served basis.                                                                                                 
                                                                                                                
Additional reserve of $1,654,000 is available for all programs.                                                 

    Dated: December 28, 1994.
Michael V. Dunn,
Acting Under Secretary for Rural Economic and Community Development.
[FR Doc. 95-936 Filed 1-13-95; 8:45 am]
BILLING CODE 3410-07-M