[Federal Register Volume 60, Number 238 (Tuesday, December 12, 1995)]
[Notices]
[Pages 63674-63688]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30135]



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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, USDA.

ACTION: Notice.

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SUMMARY: The Rural Housing and Development Service (RHCDS) announces 
the availability of housing funds for fiscal year 1996 (FY 1996). This 
action is taken to comply with 42 U.S.C. 1490p which requires that 
RHCDS publish in the Federal Register 

[[Page 63675]]
notice of the availability of any housing assistance.

EFFECTIVE DATE: December 12, 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 or activities are listed in the Catalog of Federal 
Domestic Assistance under Nos:

10.405  Farm Labor Housing Loans and Grants
10.410  Very Low to Moderate 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 formulas and 
methodology applicable to loan and grant funds for FY 1996.
    At the current time, there is no authority to obligate section 515 
new construction loans. Rural Economic and Community Development (RECD) 
state offices will be advised when the program is re-authorized for new 
construction loans. The public may contact the individuals listed in 
this Notice or state office personnel for further information. The 
guidance provided to our state offices is separated between assistance 
available in our Multi- and Single-Family Housing Programs as follows:

Multi-Family Housing (MFH)

I. General

    A. This notice provides MFH allocations to individual States for 
Fiscal Year (FY) 1996. Allocation computations have been performed in 
accordance with 7 CFR 1940.575 and 1940.578. The transition formula is 
not used.
    B. MFH loan and grant levels for FY 1996 are as follows:


Section 514 Farm Labor Housing (LH) Loans...............     $15,000,000
Section 515 Rural Rental Housing (RRH) Loans............     152,480,000
Section 516 LH Grants (Unobligated prior year balances                  
 and/or cancellations of prior years will be added to                   
 the amount shown)......................................     10,0000,000
Section 521 Rental Assistance (RA)                                      
    RRH New Construction................................      32,200,000
    LH New Construction.................................       4,600,000
Section 525/509 Housing Application Packaging Grants*...       1,000,000
Section 533 Housing Preservation Grants (HPG)...........      11,000,000
                                                                        
* See Single Family Housing (SFH) section of this Notice for further    
  information.                                                          

II. State Allocations

    All state allocations, with the exception of new construction RA, 
have been developed with the methodology and formulas stated in 7 CFR 
part 1940, subpart L.
A. Section 515 RRH Loan Funds
    1. Amount Available for Allocation.

Total available------.................................      $152,480,000
Less inventory property sales----.....................         8,500,000
Less general reserve-----.............................        34,500,000
Less base administrative allocation----...............        16,428,426
Less base allocation----- -...........................                 0
                                                       -----------------
Basic formula amount-----.............................        93,051,574
                                                                        

    2. Base Allocation. Not used.
    3. Administrative Allocation. A distribution of funds to certain 
States to assure that all States receive at least $1,250,000 to ensure 
sufficient funding levels for new construction or repair and 
rehabilitation loans less base allocation.
    4. Reserves.
    a. State Office Reserve. In States which allocate funds to 
Districts, 7 CFR 1940.552(j) authorizes the State Director to hold a 
reserve. Such reserves, if established, will be available only for 
patchouts, leveraging state Section 515 funds with National Office 
reserve funds in a targeted area and to nonprofits, hardships or 
emergency situations.
    b. Inventory Property Sales. $8,500,000 has been set aside to 
facilitate the sale of inventory properties. Funding for inventory 
property sales will be split between the National Office and State 
Office on a 50/50 basis.
    c. National Office Reserve. The reserve is approximately 25 percent 
of the total funds available and is distributed as follows:
    (i) General Reserve. $34,500,000 in general reserve funds have been 
set aside. Since access to general reserve funds cannot be assured or 
guaranteed, States should not consider potential access to these funds 
when authorizing Forms AD-622, ``Notice of Preapplication Review 
Action,'' up to the authorized percentage of their allocation. Until 
June 3, 1996, State Directors can request these funds for the following 
purposes:
    (A) Hardships and Emergencies. The request must include sufficient 
documentation to support the hardship or emergency including reasons 
why it is in the Government's best interest to consider the request.
    (B) Patchouts. A patchout, not to exceed 30 percent of the total 
loan obligation, when the State needs the additional funds to obligate 
100 percent of its allocation.

    Note: Repairs/Rehabilitations. Each State will use its Section 
515 Allocation for repair and rehabilitation loans. Such loans will 
have first priority for funds in each State.

    (C) RH Cooperatives.
    (ii) Designated Reserves. The following set asides are derived from 
the general reserve.
    (A) State Rental Assistance (RA). An amount of $2.5 million of the 
RRH funds has been set aside for States in which an active State 
sponsored RA program is available. Funds will be distributed to 
participating States based on a pro rata share of State RA units being 
provided. These funds are subject to year-end pooling requirements.
    (B) Equity Loans. An amount of $2.5 million has been set aside for 
the equity loan prepayment incentive features described in FmHA 
Instruction 1965-E. Funds are fully available and are subject to year-
end pooling requirements. The amount of equity funds available may be 
changed administratively by RHCDS based upon use and need for funds.
    (C) Nonprofit Reserve. An amount of $7.5 million has been set-aside 
for certain nonprofit applicants. The applicant must be a nonprofit 
entity which meets the following conditions: 

[[Page 63676]]
(1) Is a private nonprofit organization, consumer cooperative, or 
Indian Tribe; (2) whose principle purposes include the planning, 
development, and management of low-income housing; (3) is exempt from 
Federal income taxes under section 501(c)(3) or 501(c)(4) of the 
Internal Revenue Code; (4) is not wholly or partially owned or 
controlled with or by a ``for profit'' entity; (5) is not a public 
body, housing authority, limited partnership, limited partnership with 
a nonprofit general partner; (6) is not coventuring with a ``for 
profit'' entity eligible for Section 515 assistance; and (7) is not 
requesting Low-Income Housing Tax Credits (LIHTC) pursuant to section 
42 of the Internal Revenue Code. In order to maximize the number of 
loans from this reserve, each State may develop one proposal which may 
not exceed the State's average size (number of units) new construction 
loan. Funds will be made available on a first-come-first-served basis.
    (D) Targeting Reserve: An amount of $12 million has been set aside 
for loan requests which are located in target areas selected by the 
State Director, in accordance with Strategic Plan Goals established by 
the Under Secretary. By December 15, 1995, each State Director will 
ensure that such target areas are selected. No state may request or 
receive more than $1 million from this reserve. A state or jurisdiction 
may utilize up to $500,000 of their own allocation in addition to the 
$1 million they can receive from the National Office provided they have 
addressed all repair and rehabilitation needs in their state. No 
requests received after January 3, 1996, will be considered.
    5. Pooling of Funds.
    a. State Office Pooling. The States which allocate funds by/to 
Districts are not authorized to pool unobligated funds prior to May 6, 
1996.
    b. National Office Pooling. Unused RRH funds will be placed in the 
National Office reserve and will be made available administratively. 
Year-end pooling of all Section 515 RRH loan funds is scheduled for 
close of business (COB), August 19, 1996.
B. Rental Assistance (RA)
    1. Valuation of New Construction RA. A total of $32,200,000 will be 
available for RRH new construction RA and $4,600,000 is available for 
LH new construction RA. These equate to an estimated 3,200 units for 
the RRH and LH loan programs. All RA units held in the reserves are 
estimated based on the national weighted average.
    2. Estimated Units Available for Allocation. The allocation formula 
contained in 7 CFR 1940.576 will not provide a proportionate amount of 
new construction RA in each State to match loan funds available for new 
unit development and is therefore not utilized in FY 1996. New 
construction RA allocations, based upon State's requests, are included 
in this Notice.


Estimated total units available----............................    3,200
Less LH Reserve------..........................................      400
Subtotal RRH------.............................................    2,800
Less RRH reserve------.........................................    1,550
Less RRH base allocation-----..................................        0
Less RRH administrative allocation----.........................        0
                                                                --------
      Total State Requested RA Units----.......................    1,250
                                                                        

    3. Base Allocation. No base allocation is provided.
    4. Administrative Allocation. No administrative allocation is 
provided.
    5. Reserves:
    a. State Office Reserve. In States which allocate funds and RA, 7 
CFR 1940.552(j) authorizes the State Director to hold a reserve. Such 
reserves, if established, will be limited only to patchouts and loans 
under the nonprofit or targeted area reserves, and hardships and 
emergency situations.
    b. National Office Reserve. 925 units will be held in the National 
Office reserve. The National Office reserve is available to States for 
the nonprofit and targeting reserves.
    c. Participation loans and RA: 625 units of new construction RA 
have been set aside to provide tenant subsidy on units that may be 
developed through participation loans, if such loans are authorized. 
This set aside will be redistributed if participation loans are not 
authorized.
    d. LH. The 400 RA units for LH new construction are being retained 
in a separate LH reserve.
    6. Pooling of RA.
    a. State Office Pooling. The States which allocate RA by or to 
Districts are not authorized to pool unobligated RA prior to May 6, 
1996.
    b. National Office Pooling. Year-end National Office pooling of RA 
for RRH is scheduled for COB, August 19, 1996.
    7. Availability of the Allocation. States are authorized to approve 
up to 100 percent of their RA allocation indicated in this Notice.
    8. Suballocation by the State Director. RA units may be 
suballocated to Servicing Offices, at the discretion of the State 
Director, in accordance with 7 CFR 1940.552(j).
    9. Approval and Obligation of RA. Loans will only be obligated when 
sufficient RA to ensure market feasibility can be obligated at the same 
time. RA for loans obligated in a prior FY is not authorized.

III. Farm Labor Housing Loan and Grant Funds (Not Allocated to States)

A. Section 514 Farm LH Loans
    Loans are funded in accordance with 7 CFR 1940.579(a).


FY 1996 Appropriation...................................     $15,000,000
Available for Off-Farm Loans............................      10,500,000
Available for On-Farm Loans.............................       1,500,000
National Office Reserve.................................       3,000,000
                                                                        

    B. Section 516 LH Grants. These grants are funded in accordance 
with 7 CFR 1940.579(b).


FY 1996 Appropriation...................................     $10,000,000
Available for LH Grants.................................       7,000,000
Available for Technical Assistance Contracts............       1,000,000
National Office Reserve.................................       2,000,000
                                                                        

    C. National Office Loan and Grant Reserve. $5 million National 
Office loan and grant reserve that will be available until June 30, 
1996, or until expended. The reserve will be used for the following 
purposes on a first-come-first-served basis.
    1. Repair and rehabilitation of LH projects in the portfolio. Loans 
and grants are available for the repair and rehabilitation of existing 
projects that have health and safety violations.
    2. Migrant and migrant/homeless projects. Funds are available for 
obligation for proposals under existing regulations that include at 
least fifty percent of the units to serve migrant farmworkers or the 
dual populations of migrant farmworkers and the homeless.
    3. Leveraged LH projects. While some leverage funds should be used 
in all LH projects to the degree possible and feasible, reserve funds 
are available for projects that have commitments of non-LH loan and 
grant funds in excess of 25 percent of total development cost.
    D. RA for LH--New Construction. This RA is held in a National 
Office reserve for use with LH loan and grant applications in 
accordance with paragraph II B of this Notice.
    E. Processing Preapplications:
    1. In light of the current number of preapplications authorized to 
be developed into full applications, new Forms AD-622 will be 
authorized on a limited basis. Those preapplications that fall within 
the following categories will be accepted for National Office review:
    a. Preapplications that are on-hand in the National Office and 
those that have been reviewed by the State Office and 

[[Page 63677]]
are ready as of the date of this notice for National Office review.
    b. Preapplications that are from sponsors assisted by the TA 
contractors.
    c. Preapplications for repair and rehabilitation of existing 
projects to correct serious health and safety conditions.
    d. Preapplications that include at least 50 percent of the units 
for migrant farmworkers and operate on a seasonal basis.
    e. Preapplications that are highly leveraged and reflect at least 
50 percent of the total development cost being funded by the LH loan 
and grant program.
    2. Preapplications should not exceed $2.5 million in LH loan and 
grant funds and proposals should reflect economically feasible projects 
in terms of management and operation.

IV. Section 533 Housing Preservation Grants (HPG)

    A. Amount Available for Allocation.


Total available.........................................     $11,000,000
Less reserve............................................         550,000
Less base allocation....................................       5,300,000
Less administrative allocation..........................         541,436
                                                         ---------------
Basic Formula Amount....................................       4,608,564
                                                                        

    B. Base Allocation. The base allocation is $100,000 times 53 states 
and territories which equals $5.3 million.
    C. Administrative Allocations. A distribution of funds to certain 
States to assure that all States receive at least $150,000 of initial 
allocation.
    D. Reserve. The National Office reserve is 5 percent of the total 
funds available. The reserve is for emergency and projects in targeted 
areas. The request must include sufficient documentation to support the 
emergency and projects in targeted areas including reasons why it is in 
the Government's best interest to consider the request.
    E. Pooling of Funds. Funds in excess of the dollar amount of 
applications on hand will be pooled in the National Office at a date to 
be announced.
    F. Availability of the Allocation. HPG is a competitive grant 
program. Opening and closing dates for submission of preapplications 
will be announced. 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 this Notice. 
There will be no funds for patchouts or additional projects.

V. Exception Authority

    The Administrator, or designee, may in individual cases, make an 
exception to any requirements of this Notice which are not inconsistent 
with the authorizing statute, if he or she finds that application of 
such requirement would adversely affect the interest of the Government. 
The Administrator, or his or her designee, also reserves the right to 
change pooling dates, establish or change minimum and maximum fund 
usage from set-asides or the reserve, or restrict participation in set-
asides and reserves.

Single Family Housing (SFH)

I. General

    A. This section provides SFH allocations available to individual 
States for fiscal year (FY) 1996. Allocation computations have been 
made in accordance with 7 CFR 1940.563 through 1940.568.
    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 1996 are as follows:


Section 502 Guaranteed Rural Housing (RH) Loans                         
    Nonsubsidized Guarantees *.......................     $1,700,000,000
    Subsidized Guarantees............................                  0
Section 502 Direct RH Loans                                             
    Very Low-income Subsidized Loans *...............        406,498,000
    Low-income Subsidized Loans *....................        609,747,000
    Nonsubsidized Loans..............................                  0
Credit Sales.........................................                  0
Section 504 Housing Repair Loans *...................         37,798,000
Section 504 Housing Repair Grants **.................         24,900,000
Section 509 Compensation for Construction Defects *..            495,000
Section 523 Self-Help Site Loans *...................            595,010
Section 523 Self-Help Technical Assistance Grants **.         12,650,000
Section 524 RH Site Loans *..........................            600,000
Section 525/509 Housing Application Packaging Grants                    
 (HAPG) **...........................................         5,191,000 
                                                                        
* SFH loan levels deliverable with subsidy.                             
** Unobligated or canceled funds from prior fiscal years have been added
  to the amount shown.                                                  

    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 1996 funds designated for loans for 
nonsubsidized loan making and servicing applicants. Assistance is 
available for qualified very low- and low-income applicants who are 
eligible for subsidy, but at the present time the subsidy is not 
needed. The subsidy will be obtain from the State's subsidized regular 
funding.
    2. Credit Sale Authority. There is no funding provided for credit 
sales in FY 1996. 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. FY 1996 funding for RHCDS 
nonprogram financing of credit sales is not authorized.
    3. Section 509 Compensation for Construction Defects, Section 523 
Self-Help Site Loans, Section 523 Self-Help Technical Assistance 
Grants, and Section 524 RH Site Loans. Funding will be approved by the 
National Office, SFHPD.
    4. Deferred Mortgage Payment Demonstration. Funding will not be 
provided for deferred mortgage authority or loans for deferred mortgage 
assumptions.

II. State Allocations

    All allocations have been developed with the methodology and 
formulas stated in 7 CFR part 1940. The funds distributed to each State 
for a particular quarter in total 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 the full 
distribution for the remainder of the quarter. ALL ALLOCATED FUNDS TO 
STATE OFFICES ARE SUBJECT TO 

[[Page 63678]]
THE AVAILABILITY OF FUNDS AT THE NATIONAL LEVEL.
    A. Section 502 Nonsubsidized Guaranteed RH Loans.
    1. Amount Available for Allocation.


Total Available......................................     $1,700,000,000
Less National Office Reserve.........................        255,000,000
Less Base Allocation.................................                  0
                                                      ------------------
Basic Formula-- Administrative Allocation............     $1,445,000,000
                                                                        

    2. Basic Formula Criteria, Data Source, and Weight. See 7 CFR 
1940.563(b) Data derived from the 1990 U.S. Census was provided to each 
State by the National Office on August 12, 1993.
    3. Transition Formula. Will not be used in FY 1996.
    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 will receive an administrative allocation.
    6. General Reserve. Requests for National Office reserve funds will 
be considered on a first-come-first-served basis.
    7. Pooling of Funds. There will be no mid-year pooling. Year-end 
pooling is tentatively scheduled for close of business on August 12, 
1996. 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 
cumulatively 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.
    B. Section 502 Direct RH Loans
    1. Amount Available for Allocation.


Total Available......................................     $1,016,244,245
Less General Reserve.................................         30,000,000
Less Designated Reserves.............................        120,000,000
                                                      ------------------
Basic Formula--Administrative Allocation.............       $866,244,245
                                                                        

    2. Basic Formula Criteria, Data Source, and Weight. See 7 CFR 
1940.565(b). Data derived from the 1990 U.S. Census was provided to 
each State by the National Office on August 12, 1993.
    3. Transition Formula. Will not be used in FY 1996.
    4. Base Allocation. Will not be used in FY 1996.
    5. Administrative Allocation. Due to the absence of Census Data, 
the Western Pacific Areas will receive an administrative allocation.
    6. Reserve.
    a. State Office Reserve. State Directors must maintain an adequate 
reserve to fund the following applications:
    (i) Hardship applications. Hardship is determined by the State 
Director on a case-by-case basis and must include applications from 
persons living in deficient housing for more than 6 months.
    (ii) The State's portion of funds for Mutual Self-Help loans.
    (iii) Subsequent loans for essential improvements or repairs and in 
connection with transfers with assumptions of the RHCDS indebtedness.
    (iv) Financing for the purchase of Government owned inventory 
properties.
    (v) State Directors are required to set aside not more than 20 
percent of their initial low-income allocation for participation in 
leveraging Section 502 Direct loan funds. A reserve for very low-income 
participation is not required, but may be established if significant 
activity is anticipated by the State Director.
    b. National Office Reserves.
    (i) General Reserve. The total allocated FY 1996 general reserve 
contains $30 million. The reserve funds will be limited to providing 
funds to States for extreme hardship cases. FUNDING WILL NOT BE 
AVAILABLE UNTIL THE BEGINNING OF THE THIRD QUARTER.
    (A) For the Section 502 Direct Loan Program, an extreme hardship 
case exists when:
    (1) An individual or family is currently without housing and is 
unable to find shelter on a temporary basis with other family members, 
relatives, or friends, or the applicant is occupying a structure that 
has been recently condemned by local authorities; 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) The family cannot afford the interim move due to money, health 
reasons, adequacy of optioned housing, importance of location of 
optioned house, etc.; or
    (c) The hardship has been caused by fire, flooding, hurricane, 
tornado, or other causes beyond the applicant's control.
    (B) Certain subsequent loans may be made in conjunction with a 
transfer or assumption, if the loan amount is very small and the 
hardship is determined to be unique.
    (C) 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.
    (ii) Designated Reserves.
    (A) Targeted Reserve. Of the FY 1996 Section 502 funds, $46 million 
will be held in the National Office reserve for targeted counties. 
Designated funds will be allotted 60 percent for low-income and 40 
percent for very low-income applicants. These funds will be subject to 
year-end pooling requirements.
    (1) Funds will be distributed cumulatively 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.
    (2) The targeted reserve must be set aside and used for areas 
identified in the States' FY 1996 annual performance goals such as the 
underserved counties; nonmetro counties with persistent poverty; Indian 
reservations; colonias; Empowerment Zones/Enterprise Communities (EZ/
ECs), Pacific Northwest areas; the Appalachia; Mississippi Delta 
Region; and communities with special needs that have not been 
adequately served during the last 5 years.
    (B) Demonstration Housing Program: Section 502 RH funds in the 
amount of $4 million have been set aside for demonstration housing 
concepts which were identified by the National Office for approval in 
FY 1995. 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 7 CFR part 1940 subpart L.
    (C) Matching Funds for States with Approved Mutual Self-Help 
Housing Grants. THE AMOUNT OF $70 MILLION OF FY 1996 SECTION 502 FUNDS 
HAS BEEN SET ASIDE FOR MATCHING FUNDS ON THE BASIS OF THE NATIONAL 
OFFICE CONTRIBUTING 75 PERCENT FROM THE NATIONAL OFFICE RESERVE TO AN 
INDIVIDUAL STATE CONTRIBUTING 25 PERCENT OF ALLOCATED SECTION 502 RH 
FUNDS USED OR THE GRANTEE 

[[Page 63679]]
CONTRIBUTING 25 PERCENT TO ASSIST PARTICIPATING SELF-HELP FAMILIES. 
Funds are to be requested for the participating family at the time of 
loan approval and are subject to the pooling requirements of 7 CFR part 
1940 subpart L. Reimbursement funds will be reimbursed at a rate of 60 
percent for low-income and 40 percent for very low-income funds. States 
will be responsible for adjusting very low-/low-income funding activity 
within their state to compensate for the Mutual and Self-Help Program 
obligations differing significantly from the 40/60 percent allocation 
ratio.
    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 field offices receiving the funds 
allocated in accordance with 7 CFR part 1940 subpart L.
    b. National Office Pooling. There will be no mid-year pooling. 
Year-end pooling is tentatively scheduled for close of business August 
12, 1996. 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, cumulatively, 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 7 CFR part 1940, subpart L. The District Director will make 
funds available on a first-come-first-served basis to all field 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.........................................     $37,798,000
Less General Reserve....................................       3,800,000
Less Designated Targeted Reserve........................       1,900,000
                                                         ---------------
Basic Formula--Administrative Allocation................      32,098,000
                   Section 504 Grants                                   
Total Available.........................................      24,900,000
Less General Reserve....................................       2,490.000
Less Designated Targeted Reserve........................       1,245,000
                                                         ---------------
Basic Formula--Administrative Allocation................      21,165,000
                                                                        

    2. Basic Formula Criteria, Data Source, and Weight. See 7 CFR 
940.566(b). Data derived from the 1990 U.S. Census was provided to each 
State by the National Office on August 12, 1993. This data must be used 
if funds are suballocated to District Offices.
    3. Transition Formula and Base Allocation. Will not be used in FY 
1996.
    4. Administrative Allocation. Due to the absence of Census Data, 
the Western Pacific Areas received an administrative allocation.
    5. Reserve.
    a. State Office Reserve. State Directors must maintain an adequate 
reserve to fund hardship applications. Hardships will be determined by 
the State Director on a case-by-case basis.
    b. National Office Reserves.
    (i) General Reserve. The total allocated FY 1996 funds contain only 
10 percent for the general reserve. Use of these reserve funds will be 
limited to providing funds to States for extreme hardship cases. An 
extreme hardship case is defined as an individual case with significant 
priority in funding, ahead of other requests, due to severe health or 
safety hazards, 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. 
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. All 
funds allocated to states are subject to the availability of funds at 
the National Level.
    (ii) Targeted Reserve. Of the FY 1996 Section 504 loan and grant 
appropriations, $1.9 million and $1.245 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.
    7. Pooling of Funds. There will be no mid-year pooling. Year-end 
pooling is tentatively scheduled for close of business on August 12, 
1996. 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 cumulatively 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. Sections 525/509 HAPG.
    1. Amount Available for Allocations.


Total Available (Carry-over Funds)......................      $5,191,000
Less General Reserve....................................         391,000
Basic Formula Amount:                                                   
  Sections 502/504 Loans and Grants.....................       3,000,000
  Sections 514/516, 515, 524, and 533...................       1,000,000
                                                                        

    2. Basic Formula Criteria, Data Source, and Weight. For Sections 
502/504 loan and grant programs, each participating State's funds will 
be based on its number of eligible counties or colonias, with each 
State receiving a pro rata share of the total funds available. For 
Sections 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, Base Allocation and Administrative 
Allocation. Will not be used in FY 1996.
    4. General Reserve. Requests for National Office reserve funds will 
be considered on a first-come-first-served basis.
    5. Pooling of Funds. Year-end pooling is tentatively scheduled for 
close of business August 12, 1996. Pooled funds will be placed in the 
National Office reserve and will be made available administratively.
    6. Availability of the Allocation. Funds will be distributed 
cumulatively 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 designee, may, in individual cases, make an 
exception to any requirements of this attachment which are not 
inconsistent with the authorizing statute, if the Administrator or 
designee finds that application of such requirement would adversely 
affect the interest of the Government. The Administrator, or designee, 
also reserves the right to change pooling dates, establish or change 
minimum and maximum fund usage from set asides and the reserve, or 
restrict participation in set asides and reserves.
    The following spreadsheets contain the allocation of FY 1996 MFH 
and SFH 

[[Page 63680]]
loan and grant funds to individual States:

    Dated: December 4, 1995.
Jan E. Shadburn,
Acting Administrator, Rural Housing and Community Development Service.

                                                  Section 515 Rural Rental Housing Program Allocations                                                  
                                                                   [Fiscal year 1996]                                                                   
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                    1995                
                                                        Formula         Loan         Base/Admin         Total         State       weighted    RA dollar 
                        State                            factor      allocation      allocation      allocation     req.'d RA   new constr.     value   
                                                                                                                      units       RA value              
--------------------------------------------------------------------------------------------------------------------------------------------------------
AL..................................................      0.02957      $2,751,535              $0      $2,751,535            7      $11,706      $81,942
AK..................................................      0.00587         546,213         703,787       1,250,000           14       17,844      249,816
AZ..................................................      0.01780       1,656,318               0       1,656,318           39       14,862      579,618
AR..................................................      0.02310       2,149,491               0       2,149,491           35       10,766      376,810
CA..................................................      0.04653       4,329,690               0       4,329,690           65       11,429      742,885
CO..................................................      0.00840         781,633         468,367       1,250,000           20       11,280      225,600
DE..................................................      0.00190         176,798       1,073,202       1,250,000           25       15,143      378,575
MD..................................................      0.00880         818,854         431,146       1,250,000           14       15,074      211,036
FL..................................................      0.02890       2,689,190               0       2,689,190            0       10,450            0
GA..................................................      0.03867       3,598,304               0       3,598,304           81        8,556      693,036
HI..................................................      0.00790         735,107         514,893       1,250,000           12       13,344      160,128
WPA.................................................      0.00647         602,044         647,956       1,250,000           12       11,190      134,280
ID..................................................      0.00743         691,373         558,627       1,250,000           28       10,865      304,220
IL..................................................      0.02250       2,093,660               0       2,093,660            0       10,441            0
IN..................................................      0.02157       2,007,122               0       2,007,122           14        9,181      128,534
IA..................................................      0.01340       1,246,891           3,109       1,250,000           28        9,584      268,352
KS..................................................      0.01130       1,051,483         198,517       1,250,000           25        8,551      213,775
KY..................................................      0.03483       3,240,986               0       3,240,986           75       11,353      851,475
LA..................................................      0.03170       2,949,735               0       2,949,735           69       12,495      862,155
ME..................................................      0.00913         849,561         400,439       1,250,000           10       19,311      193,110
MA..................................................      0.00793         737,899         512,101       1,250,000           14       16,831      235,634
CT..................................................      0.00453         421,524         828,476       1,250,000           18       13,940      250,920
RI..................................................      0.00100          93,052       1,156,948       1,250,000           19       16,229      308,351
MI..................................................      0.02977       2,770,145               0       2,770,145           20        8,239      164,780
MN..................................................      0.01673       1,556,753               0       1,556,753           17       10,062      171,054
MS..................................................      0.03180       2,959,040               0       2,959,040           34       11,586      393,924
MO..................................................      0.02460       2,289,069               0       2,289,069           60        8,073      484,380
MT..................................................      0.00620         576,920         673,080       1,250,000           10       10,007      100,070
NE..................................................      0.00713         663,458         586,542       1,250,000           18        8,347      150,246
NV..................................................      0.00263         244,726       1,005,274       1,250,000            7       13,598       95,186
NJ..................................................      0.00657         611,349         638,651       1,250,000           23       20,565      472,995
NM..................................................      0.01437       1,337,151               0       1,337,151           34       13,643      463,862
NY..................................................      0.02753       2,561,710               0       2,561,710           42       13,255      556,710
NC..................................................      0.04497       4,184,529               0       4,184,529           18       13,224      238,032
ND..................................................      0.00413         384,303         865,697       1,250,000           24        9,159      219,816
OH..................................................      0.03450       3,210,279               0       3,210,279            0       10,001            0
OK..................................................      0.01917       1,783,799               0       1,783,799            0       10,128            0
OR..................................................      0.01423       1,324,124               0       1,324,124            5       10,959       54,795
PA..................................................      0.03687       3,430,812               0       3,430,812           45       11,538      519,210
PR..................................................      0.04923       4,580,929               0       4,580,929           91       15,902    1,447,082
SC..................................................      0.02690       2,503,087               0       2,503,087            0       12,315            0
SD..................................................      0.00597         555,518         694,482       1,250,000           24       12,365      296,760
TN..................................................      0.02973       2,766,423               0       2,766,423            0       10,044            0
TX..................................................      0.07645       7,113,793               0       7,113,793            0       10,503            0
UT..................................................      0.00430         400,122         849,878       1,250,000           20       13,163      263,260
VT..................................................      0.00403         374,998         875,002       1,250,000           20       16,304      326,080
NH..................................................      0.00503         468,049         781,951       1,250,000           22       15,581      342,782
VI..................................................      0.00273         254,031         995,969       1,250,000           20       22,792      455,840
VA..................................................      0.02660       2,475,172               0       2,475,172            0       10,867            0
WA..................................................      0.01743       1,621,889               0       1,621,889           36        9,925      357,300
WV..................................................      0.01937       1,802,409               0       1,802,409            0        9,875            0
WI..................................................      0.01873       1,742,856               0       1,742,856           36        9,245      332,820
WY..................................................      0.00307         285,668         964,332       1,250,000            0       10,883            0
      DISTR.........................................      1.00000      93,051,574      16,428,426     109,480,000        1,250                15,357,236
                                                     ---------------------------------------------------------------------------------------------------
      N/O RES.......................................                                                   43,000,000        1,550                          
                                                     ---------------------------------------------------------------------------------------------------
      TTL AVAIL.....................................                                                  152,480,000        2,800                          
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                                                                                                                                        

[[Page 63681]]
                                 Section 533 Housing Preservation Grant Program                                 
                                               [Fiscal year 1996]                                               
----------------------------------------------------------------------------------------------------------------
                                                              Basic        Basic                       FY 96    
                    State                         Base       formula      formula       Admin.      allocation  
                                               allocation     factor       amount     allocation     (rounded)  
----------------------------------------------------------------------------------------------------------------
ALABAMA.....................................      100,000      0.02957     $136,277  ...........        $236,280
ALASKA......................................      100,000      0.00587       27,053      $22,947         150,000
ARIZONA.....................................      100,000      0.01780       82,033  ...........         182,030
ARKANSAS....................................      100,000      0.02310      106,459  ...........         206,460
CALIFORNIA..................................      100,000      0.04653      214,439  ...........         314,440
COLORADO....................................      100,000      0.00840       38,712       11,288         150,000
CONNECTICUT.................................      100,000      0.00453       20,877       29,123         150,000
DELAWARE....................................      100,000      0.00190        8,756       41,244         150,000
FLORIDA.....................................      100,000      0.02890      133,189  ...........         233,190
GEORGIA.....................................      100,000      0.03867      178,215  ...........         278,210
HAWAII......................................      100,000      0.00617       28,435       21,565         150,000
IDAHO.......................................      100,000      0.00743       34,242       15,758         150,000
ILLINOIS....................................      100,000      0.02250      103,694  ...........         203,690
INDIANA.....................................      100,000      0.02157       99,408  ...........         199,410
IOWA........................................      100,000      0.01340       61,755  ...........         161,750
KANSAS......................................      100,000      0.01130       52,077  ...........         152,080
KENTUCKY....................................      100,000      0.03483      160,518  ...........         260,520
LOUISIANA...................................      100,000      0.03170      146,093  ...........         246,090
MAINE.......................................      100,000      0.00913       42,077        7,923         150,000
MARYLAND....................................      100,000      0.00880       40,556        9,444         150,000
MASSACHUSETTS...............................      100,000      0.00793       36,546       13,454         150,000
MICHIGAN....................................      100,000      0.02977      137,198  ...........         237,200
MINNESOTA...................................      100,000      0.01673       77,102  ...........         177,100
MISSISSIPPI.................................      100,000      0.03180      146,554  ...........         246,550
MISSOURI....................................      100,000      0.02460      113,372  ...........         213,370
MONTANA.....................................      100,000      0.00620       28,573       21,427         150,000
NEBRASKA....................................      100,000      0.00713       32,859       17,141         150,000
NEVADA......................................      100,000      0.00263       12,121       37,879         150,000
NEW HAMPSHIRE...............................      100,000      0.00503       23,181       26,819         150,000
NEW JERSEY..................................      100,000      0.00657       30,279       19,721         150,000
NEW MEXICO..................................      100,000      0.01437       66,226  ...........         166,230
NEW YORK....................................      100,000      0.02753      126,875  ...........         226,880
NORTH CAROLINA..............................      100,000      0.04497      207,249  ...........         307,250
NORTH DAKOTA................................      100,000      0.00413       19,034       30,966         150,000
OHIO........................................      100,000      0.03450      158,997  ...........         259,000
OKLAHOMA....................................      100,000      0.01917       88,347  ...........         188,350
OREGON......................................      100,000      0.01423       65,581  ...........         165,580
PENNSYLVANIA................................      100,000      0.03687      169,919  ...........         269,920
PUERTO RICO.................................      100,000      0.04923      226,882  ...........         326,880
RHODE ISLAND................................      100,000      0.00105        4,839       45,161         150,000
SOUTH CAROLINA..............................      100,000      0.02690      123,972  ...........         223,970
SOUTH DAKOTA................................      100,000      0.00597       27,513       22,487         150,000
TENNESSEE...................................      100,000      0.02973      137,014  ...........         237,010
TEXAS.......................................      100,000      0.07639      352,052  ...........         452,050
UTAH........................................      100,000      0.00430       19,817       30,183         150,000
VERMONT.....................................      100,000      0.00403       18,573       31,427         150,000
VIRGINIA....................................      100,000      0.02660      122,589  ...........         222,590
VIRGIN ISLAND...............................      100,000      0.00273       12,582       37,418         150,000
WASHINGTON..................................      100,000      0.01743       80,328  ...........         180,330
W. PACIFIC TERR.............................      100,000      0.00820       37,791       12,209         150,000
WEST VIRGINIA...............................      100,000      0.01937       89,269  ...........         189,270
WISCONSIN...................................      100,000      0.01873       86,319  ...........         186,320
WYOMING.....................................      100,000      0.00307       14,148       35,852         150,000
                                             -------------------------------------------------------------------
  STATE TOTALS..............................    5,300,000  ...........    4,608,564      541,436      10,450,000
                                             -------------------------------------------------------------------
  N.O. RESERVES.............................      550,000  ...........  ...........  ...........         550,000
  ADMIN. ALLOCATION.........................      541,436  ...........  ...........  ...........  ..............
                                             -------------------------------------------------------------------
      TOTAL ALLOCATION......................  ...........  ...........  ...........  ...........      11,000,000
----------------------------------------------------------------------------------------------------------------



                                  Section 502 Guaranteed Loans (Nonsubsidized)                                  
----------------------------------------------------------------------------------------------------------------
                                                                                    State basic                 
                                                                    State basic      formula/      Total FY 1996
                             States                               formula factor  administrative    allocation  
                                                                                    allocation                  
----------------------------------------------------------------------------------------------------------------
ALABAMA.........................................................       0.0253847          36,656         36,656 

[[Page 63682]]
                                                                                                                
ALASKA..........................................................       0.0061561           8,889           8,889
ARIZONA.........................................................       0.0155290          22,424          22,424
ARKANSAS........................................................       0.0213661          30,853          30,853
CALIFORNIA......................................................       0.0524861          75,790          75,790
COLORADO........................................................       0.0100701          14,541          14,541
DELAWARE........................................................       0.0024043           3,472           3,472
MARYLAND........................................................       0.0104750          15,126          15,126
FLORIDA.........................................................       0.0308357          44,527          44,527
GEORGIA.........................................................       0.0385293          55,636          55,636
HAWAII..........................................................       0.0083323          12,032          12,032
W. PACIFIC AREAS *..............................................             N/A           1,000           1,000
IDAHO...........................................................       0.0077774          11,231          11,231
ILLINOIS........................................................       0.0256395          37,023          37,023
INDIANA.........................................................       0.0236023          34,082          34,082
IOWA............................................................       0.0151422          21.865          21.865
KANSAS..........................................................       0.0123032          17,766          17,766
KENTUCKY........................................................       0.0286790          41,412          41,412
LOUISIANA.......................................................       0.0256223          36,999          36,999
MAINE...........................................................       0.0113916          16,450          16,450
MASSACHUSETTS...................................................       0.0117468          16,962          16,962
CONNECTICUT.....................................................       0.0065708           9,488           9,488
RHODE ISLAND....................................................       0.0017216           2,486           2,486
MICHIGAN........................................................       0.0337181          48,689          48,689
MINNESOTA.......................................................       0.0184738          26,676          26,676
MISSISSIPPI.....................................................       0.0259670          37,496          37,496
MISSOURI........................................................       0.0253687          36,632          36,632
MONTANA.........................................................       0.0067138           9,695           9,695
NEBRASKA........................................................       0.0083216          12,016          12,016
NEVADA..........................................................       0.0029735           4,294           4,294
NEW JERSEY......................................................       0.0091825          13,260          13,260
NEW MEXICO......................................................       0.0117200          16,924          16,924
NEW YORK........................................................       0.0369739          53,390          53,390
NORTH CAROLINA..................................................       0.0471742          68,119          68,119
NORTH DAKOTA....................................................       0.0040847           5,898           5,898
OHIO............................................................       0.0378081          54,595          54,595
OKLAHOMA........................................................       0.0175713          25,373          25,373
OREGON..........................................................       0.0166212          24,001          24,001
PENNSYLVANIA....................................................       0.0438367          63,300          63,300
PUERTO RICO.....................................................       0.0250931          36,234          36,234
SOUTH CAROLINA..................................................       0.0249510          36,029          36,029
SOUTH DAKOTA....................................................       0.0065435           9,449           9,449
TENNESSEE.......................................................       0.0276859          39,978          39,978
TEXAS...........................................................       0.0665018          96,029          96,029
UTAH............................................................       0.0039861           5,756           5,756
VERMONT.........................................................       0.0057475           8,299           8,299
NEW HAMPSHIRE...................................................       0.0075234          10,864          10,864
VIRGIN ISLANDS..................................................       0.0027236           3,933           3,933
VIRGINIA........................................................       0.0278404          40,201          40,201
WASHINGTON......................................................       0.0200905          29,011          29,011
WEST VIRGINIA...................................................       0.0172518          24,912          24,912
WISCONSIN.......................................................       0.0222867          32,182          32,182
WYOMING.........................................................       0.0035006           5,055           5,055
                                                                 -----------------------------------------------
  STATE TOTALS..................................................       1,0000000       1,455,000       1,455,000
  GENERAL RESERVE...............................................  ..............  ..............         255,000
  DESIGNATED RESERVES...........................................  ..............  ..............               0
                                                                 -----------------------------------------------
      TOTAL.....................................................  ..............  ..............       1,700,000
----------------------------------------------------------------------------------------------------------------
* Denotes Administrative Allocation.                                                                            



                                     Section 502 Direct Rural Housing Loans                                     
----------------------------------------------------------------------------------------------------------------
                                                                                    State basic                 
                                                                    State basic      formula/      Total FY 1996
                             States                               formula factor  administrative    allocation  
                                                                                    allocation                  
----------------------------------------------------------------------------------------------------------------
ALABAMA.........................................................       0.0267275          23,056          23,056
ALASKA..........................................................       0.0055160           4,758           4,758

[[Page 63683]]
                                                                                                                
ARIZONA.........................................................       0.0145422          12,545          12,545
ARKANSAS........................................................       0.0208104          17,952          17,952
CALIFORNIA......................................................       0.0454819          39,234          39,234
COLORADO........................................................       0.0091766           7,916           7,916
DELAWARE........................................................       0.0024571           2,120           2,120
MARYLAND........................................................       0.0115334           9,949           9,949
FLORIDA.........................................................       0.0312406          26,949          26,949
GEORGIA.........................................................       0.0374586          32,313          32,313
HAWAII..........................................................       0.0067195           5,796           5,796
W. PACIFIC AREAS *..............................................             N/A           3,610           3,610
IDAHO...........................................................       0.0076722           6,618           6,618
ILLINOIS........................................................       0.0266774          23,013          23,013
INDIANA.........................................................       0.0270785          23,359          23,359
IOWA............................................................       0.0163474          14,102          14,102
KANSAS..........................................................       0.0127369          10,987          10,987
KENTUCKY........................................................       0.0288838          24,916          24,916
LOUISIANA.......................................................       0.0246715          21,283          21,283
MAINE...........................................................       0.0108314           9,344           9,344
MASSACHUSETTS...................................................       0.0109818           9,473           9,473
CONNECTICUT.....................................................       0.0066693           5,753           5,753
RHODE ISLAND....................................................       0.0015545           1,341           1,341
MICHIGAN........................................................       0.0353525          30,496          30,496
MINNESOTA.......................................................       0.0199077          17,173          17,173
MISSISSIPPI.....................................................       0.0250226          21,585          21,585
MISSOURI........................................................       0.0252733          21,802          21,802
MONTANA.........................................................       0.0063685           5,494           5,494
NEBRASKA........................................................       0.0086752           7,483           7,483
NEVADA..........................................................       0.0028583           2,466           2,466
NEW JERSEY......................................................       0.0097784           8,435           8,435
NEW MEXICO......................................................       0.0110320           9,517           9,517
NEW YORK........................................................       0.0359041          30,972          30,972
NORTH CAROLINA..................................................       0.0484405          41,786          41,786
NORTH DAKOTA....................................................       0.0045131           3,893           3,893
OHIO............................................................       0.0390131          33,654          33,654
OKLAHOMA........................................................       0.0174005          15,010          15,010
OREGON..........................................................       0.0154949          13,366          13,366
PENNSYLVANIA....................................................       0.0467857          40,359          40,359
PUERTO RICO.....................................................       0.0239695          20,677          20,677
SOUTH CAROLINA..................................................       0.0258249          22,277          22,277
SOUTH DAKOTA....................................................       0.0062682           5,407           5,407
TENNESSEE.......................................................       0.0291846          25,176          25,176
TEXAS...........................................................       0.0660415          56,971          56,971
UTAH............................................................       0.0040618           3,504           3,504
VERMONT.........................................................       0.0052653           4,542           4,542
NEW HAMPSHIRE...................................................       0.0072711           6,272           6,272
VIRGIN ISLANDS..................................................       0.0020058           1,730           1,730
VIRGINIA........................................................       0.0289841          25,003          25,003
WASHINGTON......................................................       0.0187042          16,135          16,135
WEST VIRGINIA...................................................       0.0175008          15,097          15,097
WISCONSIN.......................................................       0.0237188          20,461          20,461
WYOMING.........................................................       0.0036105           3,115           3,115
                                                                 -----------------------------------------------
      STATE TOTALS..............................................       1.0000000         866,245         866,245
                                                                 -----------------------------------------------
  GENERAL RESERVE...............................................  ..............  ..............          30,000
  DESIGNATED RESERVES...........................................  ..............  ..............         120,000
                                                                 -----------------------------------------------
      TOTAL.....................................................  ..............  ..............       1,016,245
----------------------------------------------------------------------------------------------------------------
*Denotes Administrative Allocation.                                                                             



                                     Section 502 Direct Rural Housing Loans                                     
----------------------------------------------------------------------------------------------------------------
                                                                                     Very low-                  
                                                                   Total FY 1995      income        Low-income  
                             States                                 allocation     allocation 40   allocation 60
                                                                                      percent         percent   
----------------------------------------------------------------------------------------------------------------
ALABAMA.........................................................          23,056           9,223          13,833
ALASKA..........................................................           4,758           1,904          2,854 

[[Page 63684]]
                                                                                                                
ARIZONA.........................................................          12,545           5,018           7,527
ARKANSAS........................................................          17,952           7,181          10,771
CALIFORNIA......................................................          39,234          15,694          23,540
COLORADO........................................................           7,916           3,167           4,749
DELAWARE........................................................           2,120             848           1,272
MARYLAND........................................................           9,949           3,980           5,969
FLORIDA.........................................................          26,949          10,780          16,169
GEORGIA.........................................................          32,313          12,926          19,387
HAWAII..........................................................           5,796           2,319           3,477
W. PACIFIC AREAS................................................           3,610           1,444           2,166
IDAHO...........................................................           6,618           2,648           3,970
ILLINOIS........................................................          23,013           9,206          13,807
INDIANA.........................................................          23,359           9,344          14,015
IOWA............................................................          14,102           5,641           8,461
KANSAS..........................................................          10,987           4,395           6,592
KENTUCKY........................................................          24,916           9,967          14,949
LOUISIANA.......................................................          21,283           8,514          12,769
MAINE...........................................................           9,344           3,738           5,606
MASSACHUSETTS...................................................           9,473           3,790           5,683
CONNECTICUT.....................................................           5,753           2,302           3,451
RHODE ISLAND....................................................           1,341             537             804
MICHIGAN........................................................          30,496          12,199          18,297
MINNESOTA.......................................................          17,173           6,870          10,303
MISSISSIPPI.....................................................          21,585           8,634          12,951
MISSOURI........................................................          21,802           8,721          13,081
MONTANA.........................................................           5,494           2,198           3,296
NEBRASKA........................................................           7,483           2,994           4,489
NEVADA..........................................................           2,466             987           1,479
NEW JERSEY......................................................           8,435           3,374           5,061
NEW MEXICO......................................................           9,517           3,807           5,710
NEW YORK........................................................          30,972          12,389          18,583
NORTH CAROLINA..................................................          41,786          16,715          25,071
NORTH DAKOTA....................................................           3,893           1,558           2,335
OHIO............................................................          33,654          13,462          20,192
OKLAHOMA........................................................          15,010           6,004           9,006
OREGON..........................................................          13,366           5,347           8,019
PENNSYLVANIA....................................................          40,359          16,144          24,215
PUERTO RICO.....................................................          20,677           8,271          12,406
SOUTH CAROLINA..................................................          22,277           8,911          13,366
SOUTH DAKOTA....................................................           5,407           2,163           3,244
TENNESEE........................................................          25,176          10,071          15,105
TEXAS...........................................................          56,971          22,767          34,204
UTAH............................................................           3,504           1,402           2,102
VERMONT.........................................................           4,542           1,817           2,725
NEW HAMPSHIRE...................................................           6,272           2,509           3,763
VIRGIN ISLANDS..................................................           1,730             692           1,038
VIRGINIA........................................................          25,003          10,002          15,001
WASHINGTON......................................................          16,135           6,454           9,681
WEST VIRGINIA...................................................          15,097           6,039           9,058
WISCONSIN.......................................................          20,461           8,185          12,276
WYOMING.........................................................           3,115           1,246           1,869
                                                                 -----------------------------------------------
      STATE TOTALS..............................................         866,245         346,498         519,747
                                                                 -----------------------------------------------
  GENERAL RESERVE...............................................          30,000          12,000          18,000
  DESIGNATED RESERVES...........................................         120,000          48,000          72,000
                                                                 -----------------------------------------------
      TOTAL.....................................................       1,016,245         406,498         609,747
----------------------------------------------------------------------------------------------------------------



                                      Single Family Housing Targeted Funds                                      
----------------------------------------------------------------------------------------------------------------
                                                              Section 502                            Section 504
                                                 Section 502     direct    Section 502  Section 504     repair  
                     States                         direct       loans        direct       repair       grants  
                                                  loans base    formula    loans total  loans total     total   
                                                  allocation     alloc      allocation   allocation   allocation
----------------------------------------------------------------------------------------------------------------
ALABAMA........................................          300          695          995           25           20
ALASKA.........................................          300          143          443           25           20
ARIZONA........................................          300          378          678           25           20

[[Page 63685]]
                                                                                                                
ARKANSAS.......................................          300          541          841           25           20
CALIFORNIA.....................................          300        1,183        1,483           25           20
COLORADO.......................................          300          239          539           25           20
DELAWARE.......................................          300           64          364           25           20
MARYLAND.......................................          300          300          600           25           20
FLORIDA........................................          300          812        1,112           25           20
GEORGIA........................................          300          974        1,274           25           20
HAWAII.........................................          300          175          475           25           20
W. PACIFIC AREAS *.............................          300           93          393           25           20
IDAHO..........................................          300          200          500           25           20
ILLINOIS.......................................          300          694          994           25           20
INDIANA........................................          300          704        1,004           25           20
IOWA...........................................          300          425          725           25           20
KANSAS.........................................          300          331          631           25           20
KENTUCKY.......................................          300          751        1,051           25           20
LOUISIANA......................................          300          642          942           25           20
MAINE..........................................          300          282          582           25           20
MASSACHUSETTS..................................          300          286          586           25           20
CONNECTICUT....................................          300          173          473           25           20
RHODE ISLAND...................................          300           40          340           25           20
MICHIGAN.......................................          300          919        1,219           25           20
MINNESOTA......................................          300          518          818           25           20
MISSISSIPPI....................................          300          651          951           25           20
MISSOURI.......................................          300          657          957           25           20
MONTANA........................................          300          166          466           25           20
NEBRASKA.......................................          300          226          526           25           20
NEVADA.........................................          300           74          374           25           20
NEW JERSEY.....................................          300          254          554           25           20
NEW MEXICO.....................................          300          287          587           25           20
NEW YORK.......................................          300          934        1,234           25           20
NORTH CAROLINA.................................          300        1,260        1,560           25           20
NORTH DAKOTA...................................          300          117          417           25           20
OHIO...........................................          300        1,015        1,315           25           20
OKLAHOMA.......................................          300          453          753           25           20
OREGON.........................................          300          403          703           25           20
PENNSYLVANIA...................................          300        1,217        1,517           25           20
PUERTO RICO....................................          300          623          923           25           20
SOUTH CAROLINA.................................          300          672          972           25           20
SOUTH DAKOTA...................................          300          163          463           25           20
TENNESSEE......................................          300          759        1,059           25           20
TEXAS..........................................          300        1,717        2,017           25           20
UTAH...........................................          300          106          406           25           20
VERMONT........................................          300          137          437           25           20
NEW HAMPSHIRE..................................          300          189          489           25           20
VIRGIN ISLANDS.................................          300           52          352           25           20
VIRGINIA.......................................          300          754        1,054           25           20
WASHINGTON.....................................          300          486          786           25           20
WEST VIRGINIA..................................          300          455          755           25           20
WISCONSIN......................................          300          617          917           25           20
WYOMING........................................          300           94          394           25           20
                                                ----------------------------------------------------------------
  TOTAL ALLOCATED..............................       15,900       26,100       42,000        1,325        1,060
  N.O. RESERVES................................  ...........  ...........        4,000          575          185
                                                ----------------------------------------------------------------
      TOTALS...................................  ...........  ...........       46,000        1,900        1,245
----------------------------------------------------------------------------------------------------------------
* Denotes Administrative Allocation.                                                                            



                                         Section 504 Rural Housing Loans                                        
----------------------------------------------------------------------------------------------------------------
                                                                                    State Basic                 
                                                                    State basic      formula/      Total FY 1996
                             States                               formula factor  administrative    allocation  
                                                                                    allocation                  
----------------------------------------------------------------------------------------------------------------
ALABAMA.........................................................       0.0291457             866             866
ALASKA..........................................................       0.0080402             239             239
ARIZONA.........................................................       0.0201005             597             597
ARKANSAS........................................................       0.0226131             672             672
CALIFORNIA......................................................       0.0532663           1,582          1,582 

[[Page 63686]]
                                                                                                                
COLORADO........................................................       0.0085427             254             254
DELAWARE........................................................       0.0020101              60              60
MARYLAND........................................................       0.0095477             284             284
FLORIDA.........................................................       0.0296482             880             880
GEORGIA.........................................................       0.0396985           1,179           1,179
HAWAII..........................................................       0.0100503             298             298
W. PACIFIC AREAS *..............................................             N/A           2,400           2,400
IDAHO...........................................................       0.0075377             224             224
ILLINOIS........................................................       0.0226131             672             672
INDIANA.........................................................       0.0221106             657             657
IOWA............................................................       0.0130653             388             388
KANSAS..........................................................       0.0115578             343             343
KENTUCKY........................................................       0.0321608             955             955
LOUISIANA.......................................................       0.0296482             880             880
MAINE...........................................................       0.0100503             298             298
MASSACHUSETTS...................................................       0.0080402             239             239
CONNECTICUT.....................................................       0.0040201             119             119
RHODE ISLAND....................................................       0.0010050              30              30
MICHIGAN........................................................       0.0291457             866             866
MINNESOTA.......................................................       0.0175879             522             522
MISSISSIPPI.....................................................       0.0301508             895             895
MISSOURI........................................................       0.0241206             716             716
MONTANA.........................................................       0.0060302             179             179
NEBRASKA........................................................       0.0070352             209             209
NEVADA..........................................................       0.0030151              90              90
NEW JERSEY......................................................       0.0070352             209             209
NEW MEXICO......................................................       0.0150754             448             448
NEW YORK........................................................       0.0286432             851             851
NORTH CAROLINA..................................................       0.0477387           1,418           1,418
NORTH DAKOTA....................................................       0.0040201             119             119
OHIO............................................................       0.0331658             985             985
OKLAHOMA........................................................       0.0175879             522             522
OREGON..........................................................       0.0150754             448             448
PENNSYLVANIA....................................................       0.0371859           1,104           1,104
PUERTO RICO.....................................................       0.0341709           1,015           1,015
SOUTH CAROLINA..................................................       0.0281407             836             836
SOUTH DAKOTA....................................................       0.0060302             179             179
TENNESSEE.......................................................       0.0296482             880             880
TEXAS...........................................................       0.0783920           2,329           2,329
UTAH............................................................       0.0040201             119             119
VERMONT.........................................................       0.0045226             134             134
NEW HAMPSHIRE...................................................       0.0055276             164             164
VIRGIN ISLANDS..................................................       0.0030151              90              90
VIRGINIA........................................................       0.0296482             880             880
WASHINGTON......................................................       0.0185930             552             552
WEST VIRGINIA...................................................       0.0180905             537             537
WISCONSIN.......................................................       0.0195980             582             582
WYOMING.........................................................       0.0035176             104             104
                                                                 -----------------------------------------------
      STATE TOTALS..............................................       1.0000000          32,098          32,098
                                                                 -----------------------------------------------
      GENERAL RESERVE...........................................  ..............  ..............           3,800
      DESIGNATED RESERVES.......................................  ..............  ..............           1,900
                                                                 -----------------------------------------------
      TOTAL.....................................................  ..............  ..............         37,798 
----------------------------------------------------------------------------------------------------------------
* Denotes Administrative Allocation.                                                                            



                                        Section 504 Rural Housing Grants                                        
----------------------------------------------------------------------------------------------------------------
                                                                                    State basic                 
                                                                    State basic      formula/      Total FY 1996
                             States                               formula factor  administrative    allocation  
                                                                                    allocation                  
----------------------------------------------------------------------------------------------------------------
ALABAMA.........................................................       0.0281124             579             579
ALASKA..........................................................       0.0056894             117             117
ARIZONA.........................................................       0.0170683             352             352
ARKANSAS........................................................       0.0224230             462             462
CALIFORNIA......................................................       0.0481928             993            993 

[[Page 63687]]
                                                                                                                
COLORADO........................................................       0.0083668             172             172
DELAWARE........................................................       0.0023427              48              48
MARYLAND........................................................       0.0100402             207             207
FLORIDA.........................................................       0.0341365             703             703
GEORGIA.........................................................       0.0368139             759             759
HAWAII..........................................................       0.0076975             159             159
W. PACIFIC AREAS*...............................................             N/A             560             560
IDAHO...........................................................       0.0073628             152             152
ILLINOIS........................................................       0.0264391             545             545
INDIANA.........................................................       0.0244311             503             503
IOWA............................................................       0.0163989             338             338
KANSAS..........................................................       0.0133869             276             276
KENTUCKY........................................................       0.0297858             614             614
LOUISIANA.......................................................       0.0261044             538             538
MAINE...........................................................       0.0103748             214             214
MASSACHUSETTS...................................................       0.0097055             200             200
CONNECTICUT.....................................................       0.0053548             110             110
RHODE ISLAND....................................................       0.0013387              28              28
MICHIGAN........................................................       0.0317938             655             655
MINNESOTA.......................................................       0.0197456             407             407
MISSISSIPPI.....................................................       0.0271084             559             559
MISSOURI........................................................       0.0257697             531             531
MONTANA.........................................................       0.0060241             124             124
NEBRASKA........................................................       0.0087015             179             179
NEVADA..........................................................       0.0026774              55              55
NEW JERSEY......................................................       0.0083668             172             172
NEW MEXICO......................................................       0.0123829             255             255
NEW YORK........................................................       0.0324632             669             669
NORTH CAROLINA..................................................       0.0471888             972             972
NORTH DAKOTA....................................................       0.0046854              97              97
OHIO............................................................       0.0361446             745             745
OKLAHOMA........................................................       0.0184070             379             379
OREGON..........................................................       0.0157296             324             324
PENNSYLVANIA....................................................       0.0438420             903             903
PUERTO RICO.....................................................       0.0264391             545             545
SOUTH CAROLINA..................................................       0.0261044             538             538
SOUTH DAKOTA....................................................       0.0063588             131             131
TENNESSEE.......................................................       0.0294511             607             607
TEXAS...........................................................       0.0716198           1,476           1,476
UTAH............................................................       0.0036814              76              76
VERMONT.........................................................       0.0046854              97              97
NEW HAMPSHIRE...................................................       0.0060241             124             124
VIRGIN ISLANDS..................................................       0.0023427              48              48
VIRGINIA........................................................       0.0284471             586             586
WASHINGTON......................................................       0.0184070             379             379
WEST VIRGINIA...................................................       0.0180723             372             372
WISCONSIN.......................................................       0.0224230             462             462
WYOMING.........................................................       0.0033467              69              69
                                                                 -----------------------------------------------
      STATE TOTALS..............................................        1.000000          21,165          21,165
                                                                 -----------------------------------------------
  GENERAL RESERVE...............................................  ..............  ..............           2,490
  DESIGNATED RESERVES...........................................  ..............  ..............           1,245
                                                                 -----------------------------------------------
      TOTAL.....................................................  ..............  ..............         24,900 
----------------------------------------------------------------------------------------------------------------
* Denotes Administrative Allocation.                                                                            



                            Section 525/509 Housing Application Packaging Grant Funds                           
----------------------------------------------------------------------------------------------------------------
                                                                                                      Number of 
                                                            Number of     State basic      State      packaging 
                          States                             counties   formula factor   allocation   grants per
                                                             eligible                                 allocation
----------------------------------------------------------------------------------------------------------------
ALABAMA..................................................           13       0.0431894          164          328
ALASKA...................................................            5       0.0166113           63          126
ARIZONA..................................................            8       0.0265781          101          202
ARKANSAS.................................................            5       0.0166113           63          126
CALIFORNIA...............................................            3       0.0099668           38          76 

[[Page 63688]]
                                                                                                                
COLORADO.................................................            1       0.0033223           13           25
FLORIDA..................................................            2       0.0066445           25           50
GEORGIA..................................................           22       0.0730897          278          555
IDAHO....................................................            1       0.0033223           13           25
KENTUCKY.................................................           25       0.0830565          316          631
LOUISIANA................................................           10       0.0332226          126          252
MISSISSIPPI..............................................           27       0.0897010          341          682
MONTANA..................................................            2       0.0066445           25           50
NEW MEXICO...............................................           11       0.0365449          139          278
NORTH CAROLINA...........................................            4       0.0132890           50          101
NORTH DAKOTA.............................................            3       0.0099668           38           76
OHIO.....................................................            1       0.0033223           13           25
SOUTH CAROLINA...........................................            6       0.0199336           76          151
SOUTH DAKOTA.............................................            9       0.0299003          114          227
TENNESSEE................................................            2       0.0066445           25           50
TEXAS....................................................           45       0.1495017          568        1,136
UTAH.....................................................            1       0.0033223           13           25
VIRGINIA.................................................            4       0.0132890           50          101
WASHINGTON...............................................            2       0.0066445           25           50
WEST VIRGINIA............................................            4       0.0132890           50          101
WISCONSIN................................................            1       0.0033223           13           25
PUERTO RICO..............................................           77       0.2558140          972        1,944
VIRGIN ISLANDS...........................................            2       0.0066445           25           50
WEST PAC TERR............................................            5       0.0166113           63          126
                                                          ------------------------------------------------------
      TOTAL COUNTIES.....................................          301       1.0000000        3,800        7,600
                                                          ------------------------------------------------------
      TOTAL RESERVE......................................  ...........  ..............        1,391  ...........
      NATIONAL TOTAL.....................................  ...........  ..............        5,191  ...........
----------------------------------------------------------------------------------------------------------------
 AA reserve of $1,000,000 for section 514/516, 515, 524 and 533 will be held in the national office, available  
  on a first-come-first-served basis. Additional reserve of $391,000 is available for all programs.             


[FR Doc. 95-30135 Filed 12-11-95; 8:45 am]
BILLING CODE 3410-07-U