[Federal Register Volume 61, Number 250 (Friday, December 27, 1996)]
[Notices]
[Pages 68209-68224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-32914]
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DEPARTMENT OF AGRICULTURE
Rural Housing Service
Notice of Availability of Housing Funds; Multi-Family Housing,
Single Family Housing
AGENCY: Rural Housing Service, USDA.
ACTION: Notice.
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SUMMARY: The Rural Housing Service (RHS) announces the availability of
housing funds for fiscal year 1997 (FY 1997). This action is taken to
comply with 42 U.S.C 1490p which requires that RHS publish in the
Federal Register notice of the availability of any housing assistance.
EFFECTIVE DATE: December 27, 1996.
FOR FURTHER INFORMATION CONTACT:
Cynthia Reese-Foxworth, Senior Loan Specialist, Rural Rental Housing
Branch, Multi-Family Housing Processing Division, Room 5337 (STOP
0781), or Gloria Denson, Senior Loan Specialist, Single Family Housing
Processing Division, Room 5334 (STOP 0783), U.S. Department of
Agriculture, 1400 Independence Ave., SW., Washington, DC 20250,
telephones (202) 720-1604 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 (LH) Grants
10.410 Very Low to Moderate Income Housing Loans
10.415 Rural Rental Housing Loans
10.427 Rural Rental Housing Assistance Payments
10.433 Housing Preservation Grants
Executive Order 12372
The following programs are subject to the provisions of Executive
Order 12372 that requires intergovernmental consultation with State and
local officials:
[[Page 68210]]
10.405 Farm Labor Housing (LH) Grants
10.415 Rural Rental Housing Loans
10.427 Rural Rental Housing Assistance Payments
10.433 Housing Preservation Grants
Discussion of Notice
7 CFR, part 1940, subpart L contains the formulas and methodology
applicable to loan and grant funds.
Rural Housing Service Rural Housing Assistance Program
I. General
A. The Agriculture, Rural Development, Food and Drug
Administration, and Related Agencies, 1997 Appropriations Act, Public
Law 104-180 (August 6, 1996), established the Rural Housing Assistance
Program (RHAP). RHAP combines eleven programs into one funding account.
The Administrator has allocated RHAP budget authorities into program
funds in proportion to what was proposed in the President's budget.
Each dollar of budget authority may support a different program level
dependent upon whether it is a loan or grant program and the nature of
the program. In addition to RHAP, the Appropriations Act provided two
additional sources of funding which may be available to supplement
funding for some of our programs during this fiscal year. These sources
include a portion of the Fund for Rural America and excess unobligated
funds from the ``Women, Infant, and Children'' (WIC) program.
B. RHAP Programs. The programs included in the RHAP are:
1. Direct Community Facility loans,
2. Guaranteed Community Facility loans,
3. Community Facility grants,
4. Rural Housing Preservation Grants,
5. Section 504 Single Family Housing grants,
6. Compensation for Construction Defects,
7. Supervisory and Technical Assistance Grants,
8. Section 515 Direct Multi-Family Housing loans for new construction,
9. Section 538 Guaranteed Multi-Family Housing loans for new
construction,
10. Section 521 Rental Assistance for new construction for the Section
515 program,
11. Section 516 Farm Labor Housing grants.
C. RHAP provides flexibility for transfers in budget authority
between programs included within RHAP. For FY 1997, up to 20 percent of
initial allocations of budget authority may be transferred between the
Community Facilities CF) Direct loan, CF Guaranteed loan, and Housing
Preservation Grant (HPG) programs.
D. Empowerment Zone/Enterprise Community (EZ/EC) Earmark. The
appropriations act provided not to exceed $1.2 million in budget
authority in RHAP for EZ/EC Communities.
E. Pooling. Pooling for programs funded under the RHAP is
tentatively scheduled for August 15, 1997. Unexpended RHAP funding will
be pooled and may be redistributed between the eleven program areas.
F. RHAP programs funded for carryover. The following programs will
be funded exclusively from carryover funds from previous years. No
funding was required from RHAP funds. These programs are included in
the non-RHAP section of this Notice:
1. Section 509 Compensation for Construction Defects.
2. Supervisory and Technical Assistance Grants.
II. Exception Authority
The Administrator, or the Administrator's designee, may, in
individual cases, make an exception to any of the requirements of this
Notice which are not inconsistent with the authorizing statute if the
Administrator finds that application of the requirement would adversely
affect the interest of the Government. The Administrator, or designee,
may change pooling dates, establish or change minimum or maximum fund
usage from set asides and reserves, or restrict participation in set
asides and reserves.
Rural Housing Service Rural Housing Assistance Program (RHAP) Multi-
Family Housing (MFH)
I. General
A. This provides MFH allocations for the Rural Housing Assistance
Program (RHAP) to individual States for FY 1997. Allocation
computations have been performed in accordance with 7 CFR 1940.575 and
1940.578. For FY 1997, there is flexibility to transfer up to 20
percent of initial allocations of budget authority between the
Community Facilities (CF) Direct loan, CF Guaranteed loan, and Housing
Preservation Grant (HPG) programs under certain conditions.
B. Section 515 Rural Rental Housing for new construction, Section
516 Farm Labor Housing (LH) Grants, Section 525 or 509 Housing
Application Packaging Grants, and the Housing Preservation Grant (HPG)
Program are included under RHAP. For FY 1997, Rural Rental Housing is
in two separate funds--one for new construction under the RHAP program
and one for repair or rehabilitation and equity loans which is not
limited to new construction not included under RHAP. Therefore, the
repair or rehabilitation portion of the RRH not limited to new
construction, as well as LH loans and LH rental assistance, are covered
in the non-RHAP portion of this Notice.
C. MFH loan and grant levels for the available RHAP programs, for
FY 1997, are as follows:
Section 515 Rural Rental Housing (RRH) for New
Construction........................................... $96,561,280
Section 521 Rental Assistance for RRH New Construction.. 30,190,000
Section 516 Farm Labor Housing (LH) Grants.............. 6,421,000
Section 533 Housing Preservation Grants (HPG)........... 7,063,000
II. Section 515 RRH and Section 521 RA Funds (Allocated to the
States)
Section 515 new construction loan funds and new construction rental
assistance programs cannot be obligated until revised regulations have
been promulgated for legislated reforms.
A. Section 515 RRH Loan Funds (for New Construction)
1. Amount Available for Allocation. Refer to the end of the RHAP,
MFH portion of this Notice:
Total available......................................... $96,561,280
Less set-aside for nonprofits........................... 6,936,938
Less set-aside for underserved counties and colonias.... 4,828,064
Less general reserve.................................... 9,656,128
Less designed reserve................................... 2,500,000
Base allocation......................................... 16,232,880
Basic formula amount.................................... 56,407,270
2. Base Allocation. This provides a distribution of funds to
certain States to assure that all States receive at least $1,000,000 to
ensure sufficient funding levels for new construction.
3. Administrative Allocation. Not used.
4. Reserves and Set-Asides.
a. State Office Reserve. State Directors are encouraged NOT to hold
reserves or sub-allocate funds due to the decrease in funding levels.
b. National Office Reserves. These reserves are broken down as
follows:
General reserve......................................... $9,656,128
Designated reserve:
State RA.............................................. 2,500,000
Total National Office Reserve....................... 12,156,128
(i) General Reserve. $9,656,128 in general reserve funds have been
set aside. Since access to general reserve
[[Page 68211]]
funds cannot be assured or guaranteed, States should not consider
potential access to these funds when authorizing Form AD-622, ``Notice
of Preapplication Review Action,'' up to the authorized percentage of
their allocation. Some examples of allowable uses are as follows:
(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 favorably consider the
request.
(B) Patch outs. A patch out, not to exceed 30 percent of the total
loan obligation, when the State needs the additional funds to obligate
100 percent of its allocation.
(C) RH Cooperatives. States with approval proposals for cooperative
housing may request funds and RA from this reserve.
(ii) Designated Reserves for State RA. $2.5 million of the RRH
funds has been set aside for matching for projects in which an active
State sponsored RA program is available. The State RA program must be
comparable to the RHS RA program.
c. National Office Set-asides. The following designated and
legislatively required set-asides are part of the National Office Set-
aside:
Nonprofit set-aside..................................... $6,936,938
Underserved counties and colonias....................... 4,828,064
(i) Nonprofit Set-Aside. $6,936,938 has been set-aside for
nonprofit applicants. In order to maximize the number of loans from
this set-aside, each State may develop one proposal which may not
exceed the State's average size (number of units) new construction
loan. The amount requested under this reserve per State or jurisdiction
cannot exceed $750,000. The applicant must be a nonprofit entity which
meets the following conditions:
(1) Is a private nonprofit organization, consumer cooperative or
Indian Tribe;
(2) Whose principal 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 by a for-profit
entity; and
(5) If a partnership has as its general partner a nonprofit entity
or the nonprofit entity's for-profit subsidiary for Section 515
assistance to sponsor a project which is receiving Low-Income Housing
Tax Credits (LIHTC) pursuant to section 42 of the Internal Revenue Code
of 1986.
(ii) Underserved Counties and Colonias Set-Aside. $4,828,064 has
been set-aside for loan requests which are located in one of the 100
underscored counties (list available in any Rural Development Office)
and colonias, as determined by the provisions of the Cranston-Gonzalez
Affordable Housing Act of 1990.
5. National Office Pooling. Pooling for programs funded under the
RHAP is tentatively scheduled for August 15, 1997. RHAP funding will be
pooled and may be redistributed between the eleven program areas.
6. Participation Loans. Participation loans are those where other
funding sources are participating with RHS in the development of a
rural rental housing complex. All provisions of 7 CFR part 1944,
subpart E apply to participation loans. Participation loans do not
receive any special priority. The ability to approve such loans is tied
to the promulgation of revisions to 7 CFR part 1944, subpart E.
7. Issuing Form AS-622. The Agency will not issue Form AD-622
authorizing submission of applications for new construction, including
the use of reserve funds until regulatory changes to the selection
system and initiation of subsidy layering reforms are promulgated.
Applications approved, but not funded, will most likely need to be re-
submitted for consideration for funding under the new selection system
when implemented.
B. Section 515 New Construction Rental Assistance (RA).
1. Valuation of New Construction RA. $30,190,000 will be available
for RRH new construction RA. This amount equates to an estimated 2,415
units for the new construction RRH loan program.
2. Estimated New Construction RA Units Available for Allocation.
New construction RA allocations are based proportionately upon each
State's new construction loan fund allocation. The allocation formula
contained in 7 CFR 1940.576 was not utilized. See the end of this
Notice for the new construction RA State allocations.
Estimated total new construction units available............... 2,415
Less set-aside................................................. 559
Less base allocation........................................... 0
Less administrative allocation................................. 0
--------
Total state requested new construction RA units.......... 1,856
3. Base Allocation. No base allocation is provided.
4. Administrative Allocation. No administrative allocation is
provided.
5. RA Set-asides.
a. National Office Set-aside. 309 units will be held in the
National Office to accompany RRH set-asides for nonprofits, underserved
counties and colonias.
b. Participation Loans and RA. 250 units of new construction RA
have been set-aside to provide tenant subsidy on units that are
developed through participation loans.
6. National Office Pooling. Pooling for programs funded under the
RHAP is tentatively scheduled for August 15, 1997. RHAP funding will be
pooled and may be redistributed between the eleven program areas.
7. Availability of the Allocation. The Agency will not issue Form
AD-622 authorizing submission of applications for new construction
until the aforementioned regulatory reforms are promulgated.
8. 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 will not be authorized.
III. Farm Labor Housing Grant Funds (Not Allocated to States) (LH Loan
Funds Are Not Part of RHAP.)
A. Section 516 LH Grants. The grants are funded in accordance with
7 CFR 1940.579(b). Unobligated prior year balances and cancellations
will be added to the amount shown.
FY 1997 Appropriation................................... $6,421,000
Available for LH Grants................................. 4,815,750
Available for Technical Assistance Contracts............ 642,100
National Office Reserve (15 percent).................... 963,150
B. National Office Reserve. A $963,150 LH grant National Office
reserve will be available until pooling, tentatively scheduled for
close-of-business August 15, 1997, or until expended. The reserve will
be used for the following purposes:
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 and Homeless Projects. Funds are available
for proposals that include at least 50 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 are highly-leveraged, i.e., projects
that have commitments of non-
[[Page 68212]]
LH loan and grant funds in excess of 25 percent of total development
cost.
C. National Office Pooling. Pooling for programs funded under RHAP
is tentatively scheduled for August 15, 1997. RHAP funding will be
pooled and may be redistributed between the eleven program areas.
D. Section 516 Technical Assistance (TA) Contracts. Funds set aside
for TA contracts are legislatively limited to 10 percent of funds made
available for LH grants. TA is provided for the development of labor
housing exclusively for farmworkers and may also be used in those
unique agricultural markets where there is also a need for emergency,
short-term housing for the local homeless population. The current
contracts with the TA providers provide funds through March 31, 1997.
The contracts may be extended for the TA providers to assist
current sponsors through the preapplication and application process as
well as those sponsors with repair or rehabilitation needs.
E. RA for LH. This RA is held in a National Office reserve for use
with LH loan and grant applications. RA is only available with a LH
loan of at least 5 percent of total development cost. Projects without
LH loans cannot receive RA.
F. National Office Pooling. Pooling for programs funded under the
RHAP is tentatively scheduled for August 15, 1997. RHAP funding will be
pooled and may be redistributed between the eleven program areas.
IV. Section 533 Housing Preservation Grants (HPG)
A. Amount Available for Allocation.
Total available......................................... $7,063,000
Less reserve............................................ 353,150
Less base allocation.................................... 1,810,012
Basic formula amount.................................... 4,899,838
B. Base Allocation. The base allocation is used to provide each
State a minimum of $100,000.
C. Administrative Allocations. There is no administrative
allocation due to the limited amount of funds available for FY 1997.
D. Reserve. The National Office reserve is 5 percent of the total
funds available. The reserve is for emergencies.
E. Availability of the Allocation. A distribution of funds is made
to all States. The Agency does not have the authority to waive the
statutory rule requiring not more than 50 percent of the State's
allocation go to one eligible applicant.
F. HPG is a competitive grant program. Opening and closing dates
for submission of preapplications will be announced in the Federal
Register at a later date. Obligations of HPG requests may not exceed
the amounts reflected in this Notice. There will be no funds for patch
outs or additional requests.
Rural Housing Service Rural Housing Assistance Program (RHAP) Single
Family Housing (SFH)
I. General
A. Amount available for allocation. This provides SFH allocations
for RHAP programs to individual States for FY 1997. Only the Section
504 Grant program is included in RHAP for SFH.
Amount available for allocations.
Section 504 Grants
Total Available......................................... $15,989,000
Less 5% Set aside for 100 underserved counties or
colonias............................................... 799,450
Less General Reserve.................................... 757,000
Less Targeted Reserve................................... 756,000
Basic Formula-Administrative Allocation................. 13,676,550
B. Basic formula criteria, data source, and weight. See 7 CFR
1940.567(b). Data derived from the 1990 Census was provided to each
State by the National Office on August 12, 1993, (available in any
State Office). This data must be used if funds are suballocated to
below the State level.
C. Administrative allocation. Due to the absence of Census Data,
the Western Pacific Areas will receive an administrative allocation of
$560,000. The minimum amount to a State is $50,000.
D. Reserve.
1. State Office reserve. State Directors must:
a. Maintain an adequate reserve to fund hardship applications.
b. Develop their own definition of a hardship case. Hardships will
be determined by the Agency on a case-by-case basis.
2. National office reserves.
a. General reserve. The general reserve contains $757,000. Access
to the general reserve is only for hardship cases.
(i) For Section 504 Grants, an extreme hardship case is one
requiring a significant priority in funding, ahead of other requests,
due to severe health or safety hazards, or physical needs of the
applicant or community.
(ii) Section 504 grant requests must be reviewed and sufficient
documentation must be provided to support the hardship.
b. Targeted reserve. Of the 1997 Section 504 grant funds, $756,000
has been set aside for the targeted counties selected by the State
Director in accordance with strategic plan goals.
c. Underserved counties or colonias. The reserve for the 100
underserved counties and colonias contains $799,450.
E. Pooling of funds. Pooling for programs funded under the RHAP is
tentatively scheduled for August 15, 1997. RHAP funding will be pooled
and may be redistributed between the eleven programs areas.
Rural Housing Service Non-RHAP
I. General
A. Public Notification. State Directors are encouraged to notify
nonprofit and public housing agencies of the availability of RHS loan
and grant funds.
B. Section 525 or 509 Housing Application Packaging Grants (HAPG).
Carry-over funds from previous years remain available for the HAPG
program. HAPG funds will not be allocated by State, based on the
historical use of the program.
II. Exception Authority
The Administrator, or the Administrator's designee, may, in
individual cases, make an exception to any of the requirements of this
Notice which are not inconsistent with the authorizing statute if the
Administrator finds that application of such requirement would
adversely affect the interest of the Government.
Rural Housing Service Non-Rural Housing Assistance Programs (Non-RHAP)
Multi-Family Housing (MFH)
I. General
A. This provides MFH allocations for programs not in the Rural
Housing Assistance Program (RHAP) to individual States for FY 1997.
Allocation computations have been performed in accordance with 7 CFR
1940.575 and 1940.578.
B. Section 514 Labor Housing (LH) Loans, Section 515 Loans for
repairs and rehibilitation and Equity Loans, Rental Assistance (RA) for
labor housing, and MFH Loan Program Credit Sales are covered in this
section. Rental Assistance units for servicing and renewal will be
distributed separately. All other MFH programs are listed in the RHAP
section of this Notice. MFH loan levels for the above mentioned
programs, for FY 1997, are as follows:
[[Page 68213]]
Section 514 Farm Labor Housing (LH) $14,512,811
Loans.
Section 515 Rural Rental Housing 56,571,038
(RRH) Loans not limited to new
construction.
Section 515 Rural Rental Housing
(RRH) Loans:
(New construction is not (See RHAP Section)
authorized at this time.).
Section 516 LH Grants............... (See RHAP Section)
Section 521 Rental Assistance (RA):
RRH New Construction............ (See RHAP Section)
LH.............................. 4,500,000
Section 525 or 509 Housing Carryover
Application Packaging Grants*.
Section 533 Housing Preservation (See RHAP Section)
Grants (HPG).
MFH Loan Programs Credit Sales...... 3,687,179
* See the RHAP, MFH portion of this notice for further information.
II. State Allocations
State allocations have been developed with the methodology and
formulas stated in 7 CFR part 1940, subpart L, except where noted
elsewhere.
A. Repair or Rehabilitation. States with repair and rehabilitation
loans have a separate Section 515 allocation for repair and
rehabilitation loans. These funds may not be used for new construction.
Tenant health and safety continues to be a priority. Allocated repair
and rehabilitation funds must be FIRST targeted to RRH Loan facilities
that have physical conditions that effect the health and safety of
tenants and then made available to facilities that have deferred
maintenance. See the end of this Notice for the State rehabilitation
and repair allocations.
B. Section 515 RRH Funds not Limited to New Construction.
1. Amount Available for Allocation.
Section 515 RRH Loan Funds.............................. $56,571,038
General reserve......................................... 5,657,104
Designated reserve for equity loans..................... 2,500,000
Basic formula amount.................................... 48,413,934
2. Base Allocation. Not used.
3. Administrative Allocation. To ensure sufficient funding levels
for repair or rehabilitation loans, funds are distributed to States
based on need. States are receiving at least $1,000,000 or their stated
need for funds if less than $1,000,000.
4. Reserves.
a. State Office Reserve. Since funds were allocated based on need,
there is no basis for a State Office reserve.
b. National Office Reserve. This reserve is 10 percent of the total
funds available.
(i) General Reserve. $5,657,104 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 Form AD-622, ``Notice of Preapplication Review
Action.'' Some examples of allowable uses are as follows:
(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 favorably consider the
request.
(B) Patch outs. A patch out, not to exceed 30 percent of the total
loan obligation, when the State needs the additional funds to obligate
100 percent of its allocation.
(ii) Designated reserve for equity loans. $2.5 million has been
designated for the equity loan prepayment alternative incentive feature
described in 7 CFR Part 1965, subpart E.
5. 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 funds is tentatively scheduled
for close of business (COB), August 15, 1997.
III. Funds not Allocated to States
A. Credit Sales Authority. For FY 1997, $3,687,179, will be set
aside for credit sales to program and nonprogram buyers. Credit sale
funding will not be allocated by State. When this loan authority is
expended, States will resume the use of the appropriate loan funds to
finance sales to program eligible buyers.
B. Section 514 Farm LH Loans.
1. These loans are funded in accordance with 7 CFR 1940.579(a).
FY 1997 appropriation................................... $14,412,811
Available for off-farm loans............................ 10,112,811
Available for on-farm loans............................. 1,500,000
National Office reserve................................. 2,800,000
2. On-farm loans are limited to $1.5 million for this FY.
C. National Office LH Loan Reserve. A $2.8 million LH loan National
Office reserve will be available until approximately August 15, 1997,
or until expended. The reserve will be used for the following purposes:
1. Repair and Rehabilitation of LH Projects in the Portfolio. Loans
are available for the repair and rehabilitation of existing projects
that have health and safety violations.
2. Migrant and Migrant and Homeless Projects. Funds are avilable
for obligation of proposals 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 leveraging funds should be
used in all LH projects to the degree possible and feasible, reserve
funds are available for projects that are highly-leveraged, i.e.,
projects that have commitments of non-LH loan and grant funds in excess
of percent of total development cost. The operating budget should still
reflect a feasible full five-year period of RA usage. Leveraged loan
funds should result in economically feasible rents and assurance that
the term of RA for the facility will average 5 years. In general, the
cost of leveraged loans should not exceed the cost of 100 percent LH
loan financing.
D. Section 516 Technical Assistance (TA) Contracts. For Information
on TA contracts for FY 1997, see the RHAP, MFH portion of this notice.
E. RA for LH. The National Office reserve contains 360 units at an
average of $12,500 for use with LH loan and grant applications. RA is
only available with an LH loan of at least 5 percent of total
development cost. Projects without a LH loan cannot receive RA.
Rural Housing Service Non-RHAP Single Family Housing (SFH)
I. General
A. This provides SFH allocations for programs not in the Rural
Housing Assistance Program (RHAP) available to individual States for
Fiscal Year (FY) 1997. 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. The SFH levels authorized for FY
1997 are as follows:
[[Page 68214]]
Section 502 Guaranteed Rural Housing (RH) Loans:
Non-subsidized Guarantees....................... $2,700,000,000
[Refinancing Guarantees ***................. 150,000,000]
Section 502 Direct RH Loans:
Very Low-Income Subsidized Loans *.............. 234,132,581
Low-Income Subsidized Loans *................... 351,198,871
Non-subsidized Loans............................ 0
Credit Sales (Program and Non Program) *........ 24,674,166
Section 504 Housing Repair Loans *.................. 30,251,160
See 504 Grants...................................... (See RHAP)
Section 509 Compensation for Construction Defects ** 1,909,926
Section 523 Self-Help Site Loans *.................. 592,234
Section 525 Self-Help Technical Assistance Grants ** 26,010,520
Section 524 RH Site Loans........................... 600,000
Section 306C WWD Grants............................. 2,075,921
Sections 525 or 509 Housing Application:
Packaging Grants (HAPG) **...................... 1,731,394
Natural Disaster Funds..........................
(Estimated carry-over amounts from previous year):
Section 502 Natural Disaster Loans.............. 34,969,354
Section 504 Natural Disaster Loans.............. 3,913,949
Section 504 Natural Disaster Grants............. 765,690
* SFH loan levels deliverable with subsidy.
** Unobligated or canceled funds from prior FY have been added to the
amount shown. See the non-RHAP portion of this notice.
*** $150 million for loans to refinance Section 502 Direct loans with
guaranteed funds. These funds will be held until July 1, 1997, pending
passage of a statutory provision to permit using guaranteed funds for
refinancing 502 direct loans. If the statutory provision is not passed
by July 1, 1997, these funds will be used for non-subsidized
guarantees.
C. SFH loan and grant types not allocated to States or available as
follows:
1. Section 502 direct non-subsidized funds (loan making and
servicing). There were no FY 1997 funds designated for loans for non-
subsidized servicing or loan-making applicants. Subsidized funds will
continue to be used for qualified very low- and low-income applicants
when the payment subsidy formula shows there is no need for the
subsidy. This assistance will be taken from the State's subsidized
regular funding.
2. Credit sale authority. For FY 1997, $24,674,166 will be set
aside for Real Estate Owned (REO) credit sales to SFH program and
nonprogram buyers. Credit sale funding will not be allocated by State.
When this loan authority is exhausted, States will resume the use of
the loan funds to finance REO sales to program eligible buyers.
3. Section 509 Compensation for Construction Defects. The approval
official must determine that the construction is defective, in
accordance with 7 CFR 1924.265.
4. Section 523 Mutual and Self-Help Site Loans. The State Director
must request funding authority prior to obligating loan funds for the
project.
5. Section 523 Mutual and Self-Help Technical Assistance Grants.
The State Director must request funding approval authority for all
grantees. A technical review and analysis of all grantee applications
must be completed by the Technical and Management Assistance (T&MA)
contractor. This analysis is a prerequisite for approval for all
grantees.
6. Section 524 RH Site Loans. The State Director must request
funding authority prior to obligating loan funds for the project.
7. Deferred Mortgage Payment Demonstration. There is no funding
provided for deferred mortgage authority or loans for deferred mortgage
assumptions.
II. State Allocations
A. Section 502 non-subsidized guaranteed RH loans.
1. Amount available for allocation:
Total Available...................................... $2,700,000,000
Less National Office Reserve......................... 405,000,000
Less funds for refinancing Section 502 loans......... 150,000,000
(Pending Legislative Authority)
Less Base Allocation................................. 0
------------------
Basic Formula--Administrative:
Allocation....................................... 2,145,000,000
2. Basic formula criteria, data source, and weight. See 7 CFR
1940.563(b). Data derived from the 1990 Census was provided to each
State by the National Office on August 12, 1993.
3. Administrative allocation. Due to the absence of Census Data,
the Western Pacific Areas will receive an administrative allocation of
$1 million.
4. Pooling of funds. There will be no mid-year pooling. Year-end
pooling is tentatively scheduled for close of business on August 15,
1997. Pooled funds will be placed in the National Office reserve and
will be made available administratively.
5. Availability of the allocation. Funds will be distributed by
quarters as follows: 50 percent through the first quarter, 80 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.
6. Suballocation by the State Director. The State Director may
suballocate to the District level. All guaranteed funds will be
administered through the reservation of funds system.
7. Targeted. Each State Director must target at least 30 percent of
their Section 502 guaranteed rural housing funds toward counties with
median incomes at or below the State's non-metropolitan median income.
B. Section 502 Direct RH loans.
1. Amount available for allocation.
Total Available........................................ $585,331,452
Less required set aside for underserved counties or
colonies.............................................. 29,266,573
Less General Reserve................................... 18,000,000
Less Designated Reserves............................... 85,000,000
Self-Help.............................................. 80,000,000
Targeted............................................... 5,000,000
Basic Formula Administrative Allocation................ 453,064,879
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. Administrative allocation. Due to the absence of Census Data,
the Western Pacific Areas will receive an administrative allocation of
$1,100,000.
4. Reserves.
[[Page 68215]]
a. State office reserve. State Directors must maintain an adequate
reserve to fund the following applications:
(i) Hardship and homelessness applications. Hardships and
homelessness will be determined by the State Directors on a case-by-
case basis.
(ii) The State's portion of funds for Mutual Self-Help loans. This
amount will represent the State's 25 percent contribution.
(iii) Subsequent loans for essential improvements or repairs and in
connection with transfers with assumptions of the Rural Development
indebtedness.
(iv) Financing for the purchase of REO property when credit sale
authority has been exhausted.
(v) State Directors must set aside not less 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 loans is not required, but may be established if
significant activity is anticipated by the State Director.
b. National office reserves.
Note: Currently, RHS has small reserves set aside for the
general reserve which includes hardships, homelessness, and National
Homeownership Partnership pilot cases; and the designated reserves
which include self-help loans, and the targeted counties. RHS will
consider increasing the general and designated reserves and
continuing with the Innovative Demonstration Initiatives if there is
any increase in the program levels in the Section 502 Direct
Program.
(i) General reserve. The National Office reserve has a general
reserve of $18 million. Of the $18 million, hardship and homelessness
reserves each have $1 million set aside. For a National Homeownership
Partnership pilot, $8 million is set aside.
(ii) Hardhip and homeless reserve. When State funding is not
sufficient to serve all program eligible applicants, State Directors
may submit hardship and homeless cases for reserve funds. Priority will
be given to applicants facing deficient housing hardships including
applicants who have been living in deficient housing for more than 6
months, current homeowners in danger of losing a property through
foreclosure, and other circumstances determined by RHS on a case-by-
case basis to constitute a hardship.
(iii) National Homeownership Partnership pilot. Of the section 502
direct funds, $8 million has been set aside for this pilot. This is a
pilot in designated States forming a partnership between Rural Housing
Service, Federal Home Loan Bank, local lenders, and community based
non-profit organizations although RHS funds will all be used for
Section 502 authorized purposes.
c. Designated reserves.
Note: The designated reserves have a set aside of $85 million
for the following:
(i) Targeted reserve. Of the FY 1997 section 502 Direct loan funds,
$5 million has been set aside for targeted counties. The targeted
reserve will be held in the Administrator's reserve for areas and
projects identified in the FY 1997 annual performance goals. Special
consideration will be given to non-metro counties with persistent
poverty, tribal government, Empowerment Zones, Enterprise Communities,
Champion Communities, Pacific Northwest areas, Appalachia and the
Mississippi Delta Region.
(ii) Matching funds for states with approved mutual self-help
housing grants. The amount of $80 million of FY 1997 Section 502 Direct
Loan funds has been set aside for matching funds on the basis of the
National Office contributing 75 percent from the National Office
reserve and States contributing 25 percent of their allocated Section
502 RH funds to assist participating Self-Help families.
d. Underserved counties and colonias. $29,266,573 was set aside for
the 100 underserved counties and colonias per the Cranston-Gonzalez
National Affordable Housing Act, as amended. These funds are to be used
in the 100 most underserved counties and colonias (available in any
Agency office).
e. 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.
f. National Office Pooling. There will be no mid-year pooling.
Year-end pooling is tentatively scheduled for close of business August
15, 1997. Year-end pooled funds will be placed in the National Office
reserve and will be made available administratively.
g. Availability of the Allocation. The Housing Act of 1949, as
amended, provides that not less than 40 percent of the funds be made
available for very low-income Section 502 loan applicants. Funds will
be distributed by quarters as follows: 50 percent through the first
quarter, 80 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.
h. Suballocation by the State Director. The State Director may
suballocate using the methodology and formulas required by 7 CFR part
1940, subpart L.
C. Section 504 housing repair loans. Section 504 grant funding may
be found in the RHAP section of this notice.
1. Amount available for allocation.
Total Available......................................... $30,251,160
Less 5% for Underserved Counties or Colonias............ 1,512,558
Less General Reserve.................................... 1,436,930
Less Designated Targeted Reserve........................ 1,436,930
---------------
Basic Formula--Administrative Allocation.......... 25,864,742
2. Basic formula criteria, data source, and weight. See 7 CFR
1940.566(b). Data derived from the 1990 Census was provided to each
State by the National Office on August 12, 1993, (available in any
State Office). This data must be used if funds are suballocated.
3. Administrative allocation. Due to the absence of Census Data,
the Western Pacific Areas will receive an administrative allocation of
$2,400,000. The minimum State allocation is $50,000.
4. Reserves and Set-asides.
a. State office reserve. State Directors must:
(i) Maintain an adequate reserve for Section 504 hardship loan
applications.
(ii) Develop an objective definition of a hardship case for a
Section 504 loan. Hardships will than be determined by the State
Director on a case-by-case basis.
b. National office reserve. Of the 1997 Section 504 loan funds,
$1,436,930 has been set aside for the General Reserve and $1,436,930
has been set aside as a reserve for targeted counties.
c. Underserved counties and colonias. $1,512,558 was set aside for
the 100 underserved counties and colonias.
5. Pooling of funds. There will be no mid-year pooling. Year-end
pooling is tentatively scheduled for close of business on August 15,
1997. Pooled funds will be placed in the National Office reserve and
will be made available administratively.
6. Availability of the allocation for section 504 loans. Funds will
be distributed cumulatively by quarters as follows: 50 percent through
the first quarter, 80 percent through the second quarter, 90 percent
through the third quarter and 100 through the fourth quarter.
7. Section 306C water and waste grants to individuals in colonias.
The
[[Page 68216]]
objective of the section 306C WWD individual grant program is to
facilitate the use of community water or waste disposal systems for the
residents of the colonias along the U.S.-Mexico border.
8. Natural disaster assistance. For the purpose of administering
these funds, natural disasters will only include those identified by a
Presidential declaration. State Offices will be informed at the
issuance of the Presidential declaration on how to handle and process
natural disasters loans or grants through the Finance Office.
Dated: December 18, 1996.
Jan E. Shadburn,
Acting Administrator, Rural Housing Service.
Rural Housing Service--Section 515--Rural Rental Housing Program
[FY 1997 New Construction State Allocations Under RHAP]
----------------------------------------------------------------------------------------------------------------
Total new New
State Formula State formula Base construc. construc.
factor allocation allocation allocation RA units
----------------------------------------------------------------------------------------------------------------
AL.................................... 0.02956 $1,667,963 $0 $1,667,963 43
AK.................................... 0.00587 331,111 668,889 1,000,000 26
AZ.................................... 0.01780 1,004,049 0 1,004,049 26
AR.................................... 0.02310 1,303,008 0 1,303,008 33
CA.................................... 0.04653 2,624,630 0 2,624,630 67
CO.................................... 0.00840 473,821 526,179 1,000,000 26
DE.................................... 0.00190 107,174 892,826 1,000,000 26
MD.................................... 0.00880 496,384 503,616 1,000,000 26
FL.................................... 0.02890 1,630,170 0 1,630,170 42
GA.................................... 0.03867 2,181,269 0 2,181,269 56
HI.................................... 0.00790 445,617 554,383 1,000,000 26
WPA................................... 0.00647 364,955 635,045 1,000,000 26
ID.................................... 0.00743 419,106 580,394 1,000,000 26
IL.................................... 0.02250 1,269,164 0 1,269,164 32
IN.................................... 0.02157 1,216,705 0 1,216,705 31
IA.................................... 0.01340 755,857 244,143 1,000,000 26
KS.................................... 0.01130 637,402 362,598 1,000,000 26
KY.................................... 0.03483 1,964,665 0 1,964,655 50
LA.................................... 0.03170 1,788,111 0 1,788,111 46
ME.................................... 0.00913 514,998 485,002 1,000,000 26
MA.................................... 0.00793 447,310 552,690 1,000,000 26
CT.................................... 0.00453 255,525 744,475 1,000,000 26
RI.................................... 0.00100 56,407 943,593 1,000,000 26
MI.................................... 0.02977 1,679,245 0 1,679,245 43
MN.................................... 0.01673 943,694 56,306 1,000,000 26
MS.................................... 0.03180 1,793,751 0 1,793,751 46
MO.................................... 0.02460 1,387,619 0 1,387,619 35
MT.................................... 0.00620 349,725 650,275 1,000,000 26
NE.................................... 0.00713 402,184 597,816 1,000,000 26
NV.................................... 0.00263 148,351 851,649 1,000,000 26
NJ.................................... 0.00657 370,596 629,404 1,000,000 26
NM.................................... 0.01437 810,583 189,427 1,000,000 26
NY.................................... 0.02753 1,552,892 0 1,552,892 40
NC.................................... 0.04497 2,536,635 0 2,536,635 65
ND.................................... 0.00413 232,962 767,038 1,000,000 26
OH.................................... 0.03450 1,946,051 0 1,946,051 50
OK.................................... 0.01917 1,081,327 0 1,081,327 28
OR.................................... 0.01423 802,675 197,325 1,000,000 26
PA.................................... 0.03687 2,079,736 0 2,079,736 53
PR.................................... 0.04923 2,776,930 0 2,776,930 71
SC.................................... 0.02690 1,517,356 0 1,517,356 39
SD.................................... 0.00597 336,751 663,249 1,000,000 26
TN.................................... 0.02973 1,676,988 0 1,676,988 43
TX.................................... 0.07645 4,312,336 0 4,312,336 110
UT.................................... 0.00430 242,551 757,449 1,000,000 26
VT.................................... 0.00403 227,321 772,679 1,000,000 26
NH.................................... 0.00503 283,729 716,271 1,000,000 26
VI.................................... 0.00273 153,992 846,008 1,000,000 26
VA.................................... 0.02660 1,500,433 0 1,500,433 38
WA.................................... 0.01743 983,179 16,821 1,000,000 26
WV.................................... 0.01937 1,092,609 0 1,092,609 28
WI.................................... 0.01873 1,056,508 0 1,056,508 27
WY.................................... 0.00307 173,170 826,830 1,000,000 26
-------------------------------------------------------------------------
Distr................................. 1.00000 56,407,270 16,232,880 72,640,150 1,856
N/O Res............................... ........... .............. .............. 23,921,130 559
TTL Avail............................. ........... .............. .............. 96,561,280 2,415
----------------------------------------------------------------------------------------------------------------
[[Page 68217]]
Rural Housing Service--Section 533 Housing Preservation Grant Program Under RHAP Multi-Family Housing
----------------------------------------------------------------------------------------------------------------
FY 1997 State
State Formula formula Admin Total
factor allocation allocation allocation
----------------------------------------------------------------------------------------------------------------
AL................................................. 0.02957 $144,888 $0 $144,888
AK................................................. 0.00587 28,762 71,238 100,000
AZ................................................. 0.01780 87,217 12,783 100,000
AR................................................. 0.02310 113,186 0 113,186
CA................................................. 0.04653 227,989 0 227,989
CO................................................. 0.00840 41,159 58,841 100,000
DE................................................. 0.00190 9,310 90,690 100,000
MD................................................. 0.00880 43,119 56,881 100,000
FL................................................. 0.02890 141,605 0 141,605
GA................................................. 0.03867 189,477 0 189,477
HI................................................. 0.00790 38,709 61,291 100,000
WPA................................................ 0.00647 31,702 68,298 100,000
ID................................................. 0.00743 36,406 63,594 100,000
IL................................................. 0.02250 110,246 0 110,246
IN................................................. 0.02157 105,689 0 105,689
IA................................................. 0.01340 65,658 34,342 100,000
KS................................................. 0.01130 55,368 44,632 100,000
KY................................................. 0.03483 170,661 0 170,661
LA................................................. 0.03170 155,325 0 155,325
ME................................................. 0.00913 44,736 55,264 100,000
MA................................................. 0.00793 38,856 61,144 100,000
CT................................................. 0.00453 22,196 77,804 100,000
RI................................................. 0.00100 4,900 95,100 100,000
MI................................................. 0.02977 145,868 0 145,868
MN................................................. 0.01673 81,974 18,026 100,000
MS................................................. 0.03180 155,815 0 155,815
MO................................................. 0.02460 120,536 0 120,536
MT................................................. 0.00620 30,379 69,621 100,000
NE................................................. 0.00713 34,936 65,064 100,000
NV................................................. 0.00263 12,887 87,113 100,000
NJ................................................. 0.00657 32,192 67,808 100,000
NM................................................. 0.01437 70,411 29,589 100,000
NY................................................. 0.02753 134,892 0 134,892
NC................................................. 0.04497 220,346 0 220,346
ND................................................. 0.00413 20,236 79,764 100,000
OH................................................. 0.03450 169,044 0 169,044
OK................................................. 0.01917 93,930 6,070 100,000
OR................................................. 0.01423 69,725 30,275 100,000
PA................................................. 0.03687 180,657 0 180,657
PR................................................. 0.04923 241,219 0 241,219
SC................................................. 0.02690 131,806 0 131,806
SD................................................. 0.00597 29,252 70,748 100,000
TN................................................. 0.02973 145,672 0 145,672
TX................................................. 0.07645 374,593 0 374,593
UT................................................. 0.00430 21,069 78,931 100,000
VT................................................. 0.00403 19,746 80,254 100,000
NH................................................. 0.00503 24,646 75,354 100,000
VI................................................. 0.00273 13,377 86,623 100,000
VA................................................. 0.02660 130,336 0 130,336
WA................................................. 0.01743 85,404 14,596 100,000
WV................................................. 0.01937 94,910 5,090 100,000
WI................................................. 0.01873 91,774 8,226 100,000
WY................................................. 0.00307 15,042 84,958 100,000
------------------------------------------------------------
Distr.......................................... 1.00000 4,899,838 1,810,012 6,709,850
N/O Res........................................ ........... .............. .............. 353,150
TTL Avail...................................... ........... .............. .............. 7,063,000
----------------------------------------------------------------------------------------------------------------
Rural Housing Service--Fiscal Year 1997 Allotment--Section 504 Rural Housing Grants
----------------------------------------------------------------------------------------------------------------
State basic
State State basic formula Admin. Total FY 1997
formula factor allocation allocation allocation
----------------------------------------------------------------------------------------------------------------
Alabama............................................ 0.0281124 366,062 0 366,062
Alaska............................................. 0.0056894 74,084 0 74,084
Arizona............................................ 0.0170683 222,253 0 222,253
Arkansas........................................... 0.0224230 291,978 0 291,978
California......................................... 0.0481928 627,537 0 627,537
Colorado........................................... 0.0083668 108,947 0 108.947
[[Page 68218]]
Delaware........................................... 0.0023427 30,505 19,495 50,000
Maryland........................................... 0.0100402 130,737 0 130,737
Florida............................................ 0.0341365 444,504 0 444,504
Georgia............................................ 0.0368139 479,368 0 479,368
Hawaii............................................. 0.0076975 100,232 0 100,232
W. Pacific Areas................................... N/A .............. 560,000 560,000
Idaho.............................................. 0.0073628 95,874 0 95,874
Illinois........................................... 0.0264391 344,273 0 344,273
Indiana............................................ 0.0244311 318,127 0 318,127
Iowa............................................... 0.0163989 213,536 0 213,536
Kansas............................................. 0.0133869 174.316 0 174,316
Kentucky........................................... 0.0297858 387,852 0 387,852
Louisiana.......................................... 0.0261044 339,915 0 339.915
Maine.............................................. 0.0103748 135,094 0 135,094
Massachusetts...................................... 0.0097055 126,379 0 126,379
Connecticut........................................ 0.0053548 69,727 0 69,727
Rhode Island....................................... 0.0013387 17,432 32,568 50,000
Michigan........................................... 0.0317938 413,999 0 413,999
Minnesota.......................................... 0.0197456 257,115 0 257,115
Mississippi........................................ 0.0271084 352,989 0 352,989
Missouri........................................... 0.0257697 335,557 0 335,557
Montana............................................ 0.0060241 78,442 0 78,442
Nebraska........................................... 0.00087015 113,305 0 113,305
Nevada............................................. 0.0026774 34,863 15,137 50,000
New Jersey......................................... 0.0083668 108,947 0 108.947
New Mexico......................................... 0.0123829 161,242 0 161,242
New York........................................... 0.0324632 422,716 0 422,716
North Carolina..................................... 0.0471888 614,463 0 614,463
North Dakota....................................... 0.0046854 61,010 0 61,010
Ohio............................................... 0.0361446 470,652 0 470,652
Oklahoma........................................... 0.0184070 239,684 0 239,684
Oregon............................................. 0.0157296 204,821 0 204,821
Pennsylvania....................................... 0.0438420 570,883 0 570,883
Puerto Rico........................................ 0.0264391 344,273 0 344,273
South Carolina..................................... 0.0261044 339,915 0 339,915
South Dakota....................................... 0.0063588 83,800 0 82,800
Tennessee.......................................... 0.0294511 383,494 0 383,494
Texas.............................................. 0.0716198 932,588 0 932,588
Utah............................................... 0.0036814 47,937 2,063 50,000
Vermont............................................ 0.0046854 61,010 0 61,010
New Hampshire...................................... 0.0060241 78,442 0 78,442
Virgin Islands..................................... 0.0023427 30,505 19,495 50,000
Virginia........................................... 0.0284471 370,420 0 370,420
Washington......................................... 0.0184070 239,684 0 239,684
West Virginia...................................... 0.0180723 235,326 0 235,326
Wisconsin.......................................... 0.0224230 291,978 0 291,978
Wyoming............................................ 0.0033467 43,579 6,421 50,000
------------------------------------------------------------
Distr.......................................... 1.0000000 13,021,371 655,179 13,676,550
Total Res...................................... .............. .............. ........... 1,513,000
5% Set Aside for Underserved Cty/Col........... .............. .............. ........... 799,450
------------------------------------------------------------
Total Avail.................................. .............. .............. ........... 15,989,000
----------------------------------------------------------------------------------------------------------------
Rural Housing Service--Section 515--Rural Rental Housing Program
[Rehabilitation/Repair State Allocations]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Alloc. by Admin.
RHS loan amt. Admin. alloc. percent of alloc. to FY 1997 total Percent
State req. from 9/9 to meet demand to meet rehab alloc. meet rehab.
survey request funds avail. minimum needs
--------------------------------------------------------------------------------------------------------------------------------------------------------
AL............................................................ $2,700,000 .............. $1,074,209 $0 $1,074,209 39.79
AK............................................................ 200,000 $200,000 .............. 0 200,000 100.00
AZ............................................................ 1,100,000 .............. 437,641 562,359 1,000,000 90.91
AR............................................................ 2,585,000 .............. 1,028,456 0 1,028,456 39.79
CA............................................................ 2,038,010 .............. 810,833 189,167 1,000,000 49.07
CO............................................................ 225,000 225,000 .............. 0 225,000 100.00
DE............................................................ 0 .............. .............. 0 0 ...........
[[Page 68219]]
MD............................................................ 1,450,000 .............. 576,890 423,110 1,000,000 68.97
FL............................................................ 4,000,000 .............. 1,591,421 0 1,591,421 39.79
GA............................................................ 1,425,000 .............. 566,944 433,056 1,000,000 70.18
HI............................................................ 0 .............. .............. 0 0 ...........
WPA........................................................... 0 .............. .............. 0 0 ...........
ID............................................................ 300,000 300,000 .............. 0 300,000 100.00
IL............................................................ 927,000 927,000 0 0 927,000 100.00
IN............................................................ 7,000,000 .............. 2,784,987 0 2,784,987 39.79
IA............................................................ 495,000 495,000 0 0 495,000 100.00
KS............................................................ 584,829 584,829 0 0 584,829 100.00
KY............................................................ 850,210 850,210 0 0 850.210 100.00
LA............................................................ 7,057,500 .............. 2,807,864 0 2,807,864 39.79
ME............................................................ 3,238,830 .............. 1,288,586 0 1,288,586 39.79
MA............................................................ 100,000 100,000 .............. 0 100,000 100.00
CT............................................................ 300,000 300,000 .............. 0 300,000 100.00
RI............................................................ 300,000 300,000 .............. 0 300,000 100.00
MI............................................................ 626,099 626,099 0 0 626,099 100.00
MN............................................................ 1,473,000 .............. 586,041 413,959 1,000,000 67.89
MS............................................................ 908,613 908,613 0 0 908,613 100.00
MO............................................................ 200,000 200,000 .............. 0 200,000 ...........
MT............................................................ 1,000,000 1,000,000 0 0 1,000,000 100.00
NE............................................................ 450,000 450,000 .............. 0 450,000 ...........
NV............................................................ 900,000 900,000 0 0 900,000 100.00
NJ............................................................ 205,000 205,000 .............. 0 205,000 100.00
NM............................................................ 0 .............. .............. 0 0 ...........
NY............................................................ 0 .............. .............. 0 0 ...........
NC............................................................ 3,885,568 .............. 1,545,894 0 1,545,894 39.79
ND............................................................ 0 .............. .............. 0 0 ...........
OH............................................................ 3,858,658 1,535,188 1,535,188 0 1,535,188 39.79
OK............................................................ 6,260,330 .............. 2,490,706 0 2,490,706 39.79
OR............................................................ 5,386,500 .............. 2,143,048 0 2,143,048 39.79
PA............................................................ 1,200,000 .............. 477,426 522,574 1,000,000 83.33
PR............................................................ 428,000 428,000 0 0 428,000 100.00
SC............................................................ 4,000,000 .............. 1,591,421 0 1,591,421 39.79
SD............................................................ 350,000 350,000 0 0 350,000 100.00
TN............................................................ 2,875,000 .............. 1,143,834 0 1,143,834 39.79
TX............................................................ 13,300,000 .............. 5,291,476 0 5,291,476 39.79
UT............................................................ 500,000 500,000 0 0 500,000 100.00
VT............................................................ 295,000 295.000 .............. 0 295,000 100.00
NH............................................................ 1,005,700 .............. 400,123 599,877 1,000,000 99.43
VI............................................................ 970,000 970,000 0 0 970,000 100.00
VA............................................................ 2,850,000 .............. 1,133,888 0 1,133,888 39.79
WA............................................................ 310,000 310,000 0 0 310,000 100.00
WV............................................................ 2,650,000 .............. 1,054,317 0 1,054,317 39.79
WI............................................................ 350,000 350,000 0 0 350,000 100.00
WY............................................................ 2,850,000 .............. 1,133,888 0 1,133,888 39.79
-----------------------------------------------------------------------------------------
Distr..................................................... 95,963,847 11,774,751 33,495,081 3,144,102 48,413,934 ...........
N/O Res................................................... .............. .............. .............. ........... 8,157,104 ...........
TTL. Avail................................................ .............. .............. .............. ........... 56,571,038 ...........
--------------------------------------------------------------------------------------------------------------------------------------------------------
Rural Housing Service--Fiscal Year 1997 Allocation in Thousands--Section 502 Guaranteed Loans (Nonsubsidized)
----------------------------------------------------------------------------------------------------------------
State basic
State basic formula/ Total FY 1997
States formula factor administrative allocation
allocation
----------------------------------------------------------------------------------------------------------------
Alabama......................................................... 0.0253847 $54,425 $54,425
Alaska.......................................................... 0.0061561 13,199 13,199
Arizona......................................................... 0.0155290 33,294 33,294
Arkansas........................................................ 0.0213661 45,809 45,809
California...................................................... 0.0524861 112,530 112,530
Colorado........................................................ 0.0100701 21,590 21,590
Delaware........................................................ 0.0024043 5,155 5,155
Maryland........................................................ 0.0104750 22,458 22,458
[[Page 68220]]
Florida......................................................... 0.0308357 66,112 66,112
Georgia......................................................... 0.0385293 82,607 82,607
Hawaii.......................................................... 0.0083323 17,864 17,864
W. Pacific Areas*............................................... N/A 1,000 1,000
Idaho........................................................... 0.0077774 16,675 16,675
Illinois........................................................ 0.0256395 54,971 54,971
Indiana......................................................... 0.0236023 50,603 50,603
Iowa............................................................ 0.0151422 32,465 32,465
Kansas.......................................................... 0.0123032 26,378 26,378
Kentucky........................................................ 0.0286790 61,488 61,488
Louisiana....................................................... 0.0256223 54,934 54,934
Maine........................................................... 0.0113916 24,424 24,424
Massachusetts................................................... 0.0117468 25,185 25,185
Connecticut..................................................... 0.0065708 14,088 14,088
Rhode Island.................................................... 0.0017216 3,691 3,691
Michigan........................................................ 0.0337181 72,292 72,292
Minnesota....................................................... 0.0184738 39,608 39,608
Mississippi..................................................... 0.0259670 55,673 55,673
Missouri........................................................ 0.0253687 54,390 54,390
Montana......................................................... 0.0067138 14,394 14,394
Nebraska........................................................ 0.0083216 17,842 17,842
Nevada.......................................................... 0.0029735 6,375 6,375
New Jersey...................................................... 0.0091825 19,687 19,687
New Mexico...................................................... 0.0117200 25,128 25,128
New York........................................................ 0.0369739 79,272 79,272
North Carolina.................................................. 0.0471742 101,141 101,141
North Dakota.................................................... 0.0040847 8,758 8,758
Ohio............................................................ 0.0378081 81,061 81,061
Oklahoma........................................................ 0.0175713 37,673 37,673
Oregon.......................................................... 0.0166212 35,636 35,636
Pennsylvania.................................................... 0.0438367 93,986 93,986
Puerto Rico..................................................... 0.0250931 53,800 53,800
South Carolina.................................................. 0.0249510 53,495 53,495
South Dakota.................................................... 0.0065435 14,029 14,029
Tennessee....................................................... 0.0276859 59,359 59,359
Texas........................................................... 0.0665018 142,578 142,578
Utah............................................................ 0.0039861 8,546 8,546
Vermont......................................................... 0.0057475 12,323 12,323
New Hampshire................................................... 0.0075234 16,130 16,130
Virgin Islands.................................................. 0.0027236 5,839 5,839
Virginia........................................................ 0.0278404 59,690 59,690
Washington...................................................... 0.0200905 43,074 43,074
West Virginia................................................... 0.0172518 36,988 36,988
Wisconsin....................................................... 0.0222867 47,783 47,783
Wyoming......................................................... 0.0035006 7,505 7,505
-----------------------------------------------
State Totals................................................ 1.0000000 2,145,000 2,145,000
General Reserve............................................. .............. .............. 405,000
Set Aside for 502 Refinancing............................... .............. .............. 150,000
Total................................................... .............. .............. 2,700,000
----------------------------------------------------------------------------------------------------------------
Rural Housing Service--Fiscal Year 1997 Allocation in Thousands--Section 502 Direct Rural Housing Loans
----------------------------------------------------------------------------------------------------------------
State basic
State basic formula/ Total FY
States formula factor administrative 1997
allocation allocation
----------------------------------------------------------------------------------------------------------------
Alabama............................................................ 0.0267275 $12,080 $12,080
Alaska............................................................. 0.0055160 2,493 2,493
Arizona............................................................ 0.0145422 6,573 6,573
Arkansas........................................................... 0.0208104 9,406 9,406
California......................................................... 0.0454819 20,556 20,556
Colorado........................................................... 0.0091766 4,148 4,148
Delaware........................................................... 0.0024571 1,111 1,111
Maryland........................................................... 0.0115334 5,213 5,213
Florida............................................................ 0.0312406 14,120 14,120
[[Page 68221]]
Georgia............................................................ 0.0374586 16,930 16,930
Hawaii............................................................. 0.0067195 3,037 3,037
W. Pacific Areas*.................................................. N/A 1,100 1,100
Idaho.............................................................. 0.0076722 3,468 3,468
Illinois........................................................... 0.0266774 12,057 12,057
Indiana............................................................ 0.0270785 12,239 12,239
Iowa............................................................... 0.0163474 7,388 7,388
Kansas............................................................. 0.0127369 5,757 5,757
Kentucky........................................................... 0.0288838 13,054 13,054
Louisiana.......................................................... 0.0246715 11,151 11,151
Maine.............................................................. 0.0108314 4,895 4,895
Massachusetts...................................................... 0.0109818 4,963 4,963
Connecticut........................................................ 0.0066693 3,014 3,014
Rhode Island....................................................... 0.0015545 703 703
Michigan........................................................... 0.0353525 15,978 15,978
Minnesota.......................................................... 0.0199077 8,998 8,998
Mississippi........................................................ 0.0250226 11,309 11,309
Missouri........................................................... 0.0252733 11,423 11,423
Montana............................................................ 0.0063685 2,878 2,878
Nebraska........................................................... 0.0086752 3,921 3,921
Nevada............................................................. 0.0028583 1,292 1,292
New Jersey......................................................... 0.0097784 4,419 4,419
New Mexico......................................................... 0.0110320 4,986 4,986
New York........................................................... 0.0359041 16,227 16,227
North Carolina..................................................... 0.0484405 21,893 21,893
North Dakota....................................................... 0.0045131 2,040 2,040
Ohio............................................................... 0.0390131 17,633 17,633
Oklahoma........................................................... 0.0174005 7,864 7,864
Oregon............................................................. 0.0154949 7,003 7,003
Pennsylvania....................................................... 0.0467857 21,145 21,145
Puerto Rico........................................................ 0.0239695 10,833 10,833
South Carolina..................................................... 0.0258249 11,672 11,672
South Dakota....................................................... 0.0062682 2,833 2,833
Tennessee.......................................................... 0.0291846 13,190 13,190
Texas.............................................................. 0.0660415 29,847 29,847
Utah............................................................... 0.0040618 1,836 1,836
Vermont............................................................ 0.0052653 2,380 2,380
New Hampshire...................................................... 0.0072711 3,286 3,286
Virgin Islands..................................................... 0.0020058 907 907
Virginia........................................................... 0.0289841 13,100 13,100
Washington......................................................... 0.0187042 8,454 8,454
West Virginia...................................................... 0.0175008 7,910 7,910
Wisconsin.......................................................... 0.0237188 10,720 10,720
Wyoming............................................................ 0.0036105 1,632 1,632
--------------------------------------------
State Totals................................................... 1.0000000 453,065 453,065
General Reserve................................................ .............. .............. 18,000
Designated Reserves............................................ .............. .............. 85,000
100 Underserved Counties/Colonias.............................. .............. .............. 29,266
Total.......................................................... .............. .............. 585,331
----------------------------------------------------------------------------------------------------------------
Rural Housing Service.--Fiscal Year 1997 Allocation in Thousands--
Section 502 Direct Rural Housing Loans
------------------------------------------------------------------------
Very low-
Total FY income Low-income
States 1997 allocation allocation
allocation 40 percent 60 percent
------------------------------------------------------------------------
Alabama.......................... $12,080 $4,832 $7,248
Alaska........................... 2,493 998 1,495
Arizona.......................... 6,573 2,630 3,943
Arkansas......................... 9,406 3,763 5,643
California....................... 20,556 8,223 12,333
Colorado......................... 4,148 1,660 2,488
Delaware......................... 1,111 445 666
Maryland......................... 5,213 2,086 3,127
[[Page 68222]]
Florida.......................... 14,120 5,648 8,472
Georgia.......................... 16,930 6,772 10,158
Hawaii........................... 3,037 1,215 1,822
W. Pacific Areas................. 1,100 440 660
Idaho............................ 3,468 1,388 2,080
Illinois......................... 12,057 4,823 7,234
Indiana.......................... 12,239 4,896 7,343
Iowa............................. 7,388 2,956 4,432
Kansas........................... 5,757 2,303 3,454
Kentucky......................... 13,054 5,222 7,832
Louisiana........................ 11,151 4,461 6,690
Maine............................ 4,895 1,958 2,937
Massachusetts.................... 4,963 1,986 2,977
Connecticut...................... 3,014 1,206 1,808
Rhode Island..................... 703 282 421
Michigan......................... 15,978 6,392 9,586
Minnesota........................ 8,998 3,600 5,398
Mississippi...................... 11,309 4,524 6,785
Missouri......................... 11,423 4,570 6,853
Montana.......................... 2,878 1,152 1,726
Nebraska......................... 3,921 1,569 2,352
Nevada........................... 1,292 517 775
New Jersey....................... 4,419 1,768 2,651
New Mexico....................... 4,986 1,995 2,991
New York......................... 16,227 6,491 9,736
North Carolina................... 21,893 8,758 13,135
North Dakota..................... 2,040 816 1,224
Ohio............................. 17,633 7,054 10,579
Oklahoma......................... 7,864 3,146 4,718
Oregon........................... 7,003 2,802 4,201
Pennsylvania..................... 21,145 8,458 12,687
Puerto Rico...................... 10,833 4,334 6,499
South Carolina................... 11,672 4,669 7,003
South Dakota..................... 2,833 1,134 1,699
Tennessee........................ 13,190 5,276 7,914
Texas............................ 29,847 11,916 17,931
Utah............................. 1,836 735 1,101
Vermont.......................... 2,380 952 1,428
New Hampshire.................... 3,286 1,315 1,971
Virgin Islands................... 907 363 544
Virginia......................... 13,100 5,240 7,860
Washington....................... 8,454 3,382 5,072
West Virginia.................... 7,910 3,164 4,746
Wisconsin........................ 10,720 4,288 6,432
Wyoming.......................... 1,632 653 979
--------------------------------------
State Totals................. 453,065 181,226 271,839
General Reserve.............. 18,000 7,200 10,800
Designated Reserves.......... 85,000 34,000 51,000
------------------------------------------------------------------------
Rural Housing Service--Fiscal Year 1997 Allotment--Section 504 Rural Housing Loans
----------------------------------------------------------------------------------------------------------------
State basic State basic
State formula formula Admin Total FY 1997
factor allocation allocation allocation
----------------------------------------------------------------------------------------------------------------
Alabama............................................ 0.0291457 683,041 0 683,041
Alaska............................................. 0.0080402 188,425 0 188,425
Arizona............................................ 0.0201005 471,063 0 471,063
Arkansas........................................... 0.0226131 529,947 0 529,947
California......................................... 0.0532663 1,248,317 0 1,248,317
Colorado........................................... 0.0085427 200,202 0 200,202
Delaware........................................... 0.0020101 47,107 2,893 50,000
Maryland........................................... 0.0095477 223,754 0 223,754
Florida............................................ 0.0296482 694,817 0 694,817
Georgia............................................ 0.0396985 930,350 0 930,350
Hawaii............................................. 0.0100503 235,533 0 235,533
[[Page 68223]]
W. Pacific Areas................................... N/A .............. 2,400,000 2,400,000
Idaho.............................................. 0.0075377 176,649 0 176,649
Illinois........................................... 0.0226131 529,947 0 529,947
Indiana............................................ 0.0221106 518,171 0 518,171
Iowa............................................... 0.0130653 306,191 0 306,191
Kansas............................................. 0.0115578 270,862 0 270,862
Kentucky........................................... 0.0321608 753,701 0 753,701
Louisiana.......................................... 0.0296482 694,817 0 694,817
Maine.............................................. 0.0100503 235,533 0 235,533
Massachusetts...................................... 0.0080402 188,425 0 188,425
Connecticut........................................ 0.0040201 94,213 0 94,213
Rhode Island....................................... 0.0010050 23,553 26,447 50,000
Michigan........................................... 0.0291457 683,041 0 683,041
Minnesota.......................................... 0.0175879 412,179 0 412,179
Mississippi........................................ 0.0301508 706,596 0 706,596
Missouri........................................... 0.0241206 565,276 0 565,276
Montana............................................ 0.0060302 141,320 0 141,320
Nebraska........................................... 0.0070352 164,873 0 164,873
Nevada............................................. 0.0030151 70,660 0 70,660
New Jersey......................................... 0.0070352 164,873 0 164,873
New Mexico......................................... 0.0150754 353,298 0 353,298
New York........................................... 0.0286432 671,265 0 671,265
North Carolina..................................... 0.0477387 1,118,775 0 1,118,775
North Dakota....................................... 0.0040201 94,213 0 94,213
Ohio............................................... 0.0331658 777,254 0 777,254
Oklahoma........................................... 0.0175879 412,179 0 412,179
Oregon............................................. 0.0150754 353,298 0 353,298
Pennsylvania....................................... 0.0371859 871,466 0 871,466
Puerto Rico........................................ 0.0341709 800,809 0 800,809
South Carolina..................................... 0.0281407 659,488 0 659,488
South Dakota....................................... 0.0060302 141,320 0 141,320
Tennessee.......................................... 0.0296482 694,817 0 694,817
Texas.............................................. 0.0783920 1,837,148 0 1,837,148
Utah............................................... 0.0040201 94,213 0 94,213
Vermont............................................ 0.0045226 105,989 0 105,989
New Hampshire...................................... 0.0055276 129,542 0 129,542
Virgin Islands..................................... 0.0030151 70,660 0 70,660
Virginia........................................... 0.0296482 694,817 0 694,817
Washington......................................... 0.0185930 435,734 0 435,734
West Virginia...................................... 0.0180905 423,958 0 423,958
Wisconsin.......................................... 0.0195980 459,287 0 459,287
Wyoming............................................ 0.0035176 82,436 0 82,436
------------------------------------------------------------
Distr.............................................. 1.000000 23,435,402 2,429,340 25,864,742
Total Res...................................... ........... .............. .............. 2,873,860
5% Set Aside for Underserved Cty/Col........... ........... .............. .............. 1,512,558
Total Avail.................................... ........... .............. .............. 30,251,160
----------------------------------------------------------------------------------------------------------------
FY 1996 Median Family Incomes for Nonmetropolitan Portions of States
------------------------------------------------------------------------
Median
State income
------------------------------------------------------------------------
Alabama.................................................... 28,800
Alaska..................................................... 48,500
Arizona.................................................... 29,800
Arkansas................................................... 27,300
California................................................. 34,300
Connecticut................................................ 50,000
Delaware................................................... 37,800
Dist. of Columbia.......................................... 0
Florida.................................................... 31,600
Georgia.................................................... 32,500
Hawaii..................................................... 47,100
Idaho...................................................... 35,900
Illinois................................................... 36,000
Indiana.................................................... 37,200
Iowa....................................................... 37,000
Kansas..................................................... 34,300
[[Page 68224]]
Kentucky................................................... 26,400
Louisiana.................................................. 25,200
Maine...................................................... 34,100
Maryland................................................... 42,000
Massachusetts.............................................. 42,000
Michigan................................................... 33,800
Minnesota.................................................. 36,200
Mississippi................................................ 26,000
Missouri................................................... 30,100
Montana.................................................... 34,700
Nebraska................................................... 35,100
Nevada..................................................... 47,200
New Hampshire.............................................. 40,700
New Jersey................................................. 0
New Mexico................................................. 29,200
New York................................................... 35,600
North Carolina............................................. 33,500
North Dakota............................................... 32,300
Ohio....................................................... 37,000
Oklahoma................................................... 26,600
Oregon..................................................... 33,100
Pennsylvania............................................... 32,800
Rhode Island............................................... 45,400
South Carolina............................................. 33,300
South Dakota............................................... 32,800
Tennessee.................................................. 30,200
Texas...................................................... 28,900
Utah....................................................... 36,600
Vermont.................................................... 36,300
Virginia................................................... 33,600
Washington................................................. 33,600
West Virginia.............................................. 26,600
Wisconsin.................................................. 37,700
Wyoming.................................................... 40,500
------------
United States.............................................. 31,400
------------------------------------------------------------------------
[FR Doc. 96-32914 Filed 12-26-96; 8:45 am]
BILLING CODE 3410-XV-M