[Federal Register Volume 61, Number 126 (Friday, June 28, 1996)]
[Notices]
[Pages 33755-33756]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-16531]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-3681-N-02]


Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner; Capital Improvement Loans Under the Flexible Subsidy 
Program Awarded as Incentives Pursuant to Preservation Plans of Action, 
Announcement of Funding Awards; Fiscal Year 1994

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

ACTION: Announcement of funding awards.

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

SUMMARY: In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989, this announcement 
notifies the public of funding awards made by the Department for 
funding under a Federal Register Notice of Funding Availability (NOFA) 
for the Capital Improvement Loan Program. This announcement contains 
the names and addresses of the awardees and the amount of the awards.

FOR FURTHER INFORMATION CONTACT: Ruth Coward, Program Support Division, 
Office of Multifamily Asset Management and Disposition, Office of 
Housing, Department of Housing and Urban Development, 451 Seventh 
Street, SW, Washington, DC 20410, telephone (202) 708-2654). (This is 
not a toll-free number.) Hearing- or speech-impaired individuals may 
access this number by calling the Federal Information Relay Service TTY 
at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: The Flexible Subsidy Program is authorized 
by Sec. 201, Housing and Community Development Amendments of 1978 (12 
U.S.C. 1715z-1a); sec. 7(d), Department of Housing and Urban 
Development Act (42 U.S.C. 3535(d)).
    Fiscal Year 1994 funds were announced in a Federal Register NOFA 
published on June 17, 1994 (59 FR 31454). The NOFA announced the 
availability of $30 million for Flexible Subsidy Capital Improvement to 
insure projects that are eligible under the Emergency Low-Income 
Housing Preservation Act to receive incentives in exchange for 
extending the low- to moderate-income use of the projects under plans 
of action approved in accordance with 24 CFR part 248, subpart C.
    In accordance with section 102 (a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989 (Pub. L. 101-235, 
approved December 15, 1989), the Department is hereby publishing the 
names and addresses of the awardees that received funding under the 
NOFA, and the amount of funds awarded to each. This information is 
provided in Appendix A to this document.

    Dated: June 21, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.

                             Appendix A.--List of Flexible Subsidy Projects Funded Pursuant to the FY 1994 Preservation NOFA                            
--------------------------------------------------------------------------------------------------------------------------------------------------------
               FHA No.                    Project name/location         Owner's name/location                     Program/amount awarded                
--------------------------------------------------------------------------------------------------------------------------------------------------------
REGION: 01:                                                                                                                                             
    017-55069.......................  GRAHAM VILLAGE, TORRINGTON,   GRAHAM VILLAGE ASSOC.,        CAPITAL IMPROVEMENT, $2,225,435.                      
                                       CT.                           MANCHESTER, CT.                                                                    
    023-44025.......................  ALLEN PARK II, SPRINGFIELD,   FIRST HARTFORD, MANCHESTER,   CAPITAL IMPROVEMENT, 1,448,069.                       
                                       MA.                           CT.                                                                                
    023-55065.......................  ALLEN PARK I, SPRINGFIELD,    FIRST HARTFORD, MANCHESTER,   CAPITAL IMPROVEMENT, 1,872,888.                       
                                       MA.                           CT.                                                                                
REGION: 05:                                                                                                                                             
    071-55109.......................  LAKEVIEW TOWERS, CHICAGO, IL  KRUPP REALTY COMPANY,         CAPITAL IMPROVEMENT, 450,000.                         
                                                                     ROSEMONT, IL.                                                                      
REGION: 06:                                                                                                                                             
    115-55011.......................  OAK MANOR APARTMENTS, SAN     WEDGE MANAGEMENT, INC., SAN   CAPITAL IMPROVEMENT, 2,245,022.                       
                                       ANTONIO, TX.                  ANTONIO, TX.                                                                       
    115-55021.......................  OAK VILLAGE APARTMENTS, SAN   WEDGE MANAGEMENT, INC., SAN   CAPITAL IMPROVEMENT, 3,114,788.                       
                                       ANTONIO, TX.                  ANTONIO, TX.                                                                       
REGION: 09:                                                                                                                                             

[[Page 33756]]

                                                                                                                                                        
    122-55074.......................  MISSION PLAZA APTS, LOS       SK MANAGEMENT COMPANY, LOS    CAPITAL IMPROVEMENT, 2,340,649.                       
                                       ANGELES, CA.                  ANGELES, CA.                                                                       
--------------------------------------------------------------------------------------------------------------------------------------------------------


[FR Doc. 96-16531 Filed 6-27-96; 8:45 am]
BILLING CODE 4210-27-P