[Federal Register Volume 62, Number 102 (Wednesday, May 28, 1997)]
[Notices]
[Pages 28888-28889]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-13938]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4183-N-02]


Notice of Funding Availability (NOFA) for Fiscal Year 1997 for 
Indian Applicants Under the HOME Program; Correction

AGENCY: Office of the Assistant Secretary; Public and Indian Housing, 
HUD.

ACTION: Notice of funding availability (NOFA); correction.

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SUMMARY: This notice corrects and clarifies information that was 
provided in the notice of funding availability (NOFA) for fiscal year 
(FY) 1997 for Indian Applicants Under the HOME Program, published in 
the Federal Register on April 11, 1997 (62 FR 17992). Specifically, 
this notice corrects two regulatory citations in the NOFA, and it 
corrects a misstatement regarding the minimum number of points required 
for funding under the competition.

DATES: This notice does not affect the deadline date provided in the 
April 11, 1997 NOFA. Applications must still be received by the due 
date of June 20, 1997, at the Area Office of Native American Programs 
(Area ONAP) having jurisdiction over the applicant on or before 3 p.m. 
(Area ONAP local time).

FOR FURTHER INFORMATION CONTACT: Prospective applicants may contact the 
appropriate Area ONAP. Refer to Appendix 1 of the April 11, 1997 NOFA 
for a complete list of Area ONAPs and telephone numbers.

SUPPLEMENTARY INFORMATION: On April 11, 1997 (62 FR 17992), HUD 
published in the Federal Register the Notice of Funding Availability 
(NOFA) for Indian Applicants Under the HOME Program for fiscal year 
(FY) 1997. The NOFA provided, in section I.(a), under the heading 
``Authority,'' that the interim regulations for the Indian HOME program 
are codified at 24 CFR part 954 (62 FR 17992). While HUD has published 
regulations for the Indian HOME program in the Federal Register (61 FR 
32292; June 21, 1996), these regulations did not appear in the May 1, 
1996 codification of the Code of Federal Regulations (CFR). These 
regulations will appear in the 1997 codification of the CFR. Since the 
1997 codification of the CFR is not yet widely available, however, this 
notice corrects the NOFA by providing information on the publication of 
these regulations in the Federal Register (61 FR 32292; June 21, 1996).
    The April 11, 1997 NOFA also provided, in section I.(d), under the 
heading ``Selection Criteria and Rating Factors,'' that after the 
applications are rated, the project must receive at least 60 points to 
be considered for funding (62 FR 17994). Later in that section, 
however, where HUD requests that the applicants perform their own 
preliminary rating for their project, the NOFA mistakenly provides that 
the minimum point score requirement is 50 points. Therefore, this 
notice corrects the latter reference to provide that the minimum point 
score requirement is 60 points.
    Finally, the April 11, 1997 NOFA provides, in section 
I.(d)(2)(i)(B) regarding cash flow projection through project 
completion, that there must be a projection of costs and revenues for 
the time the work is being carried out as well as the time of 
maintenance and repair. This projection identifies what the long term 
maintenance, repair, and major replacement costs are going to be and 
how they will be paid (62 FR 17996). In explaining the phrase ``long 
term,'' the NOFA refers to the minimum period of affordability in 24 
CFR 92.614. The regulations for the Indian HOME program, however, will 
be codified in 24 CFR part 954. Therefore, this notice provides the 
correct regulatory citation regarding the minimum period of 
affordability, which is Sec. 954.306 (61 FR 32302; June 21, 1996).
    Accordingly, FR Doc. 97-9306, the Notice of Funding Availability 
(NOFA) for Fiscal Year 1997 for Indian Applicants Under the HOME 
Program, published in the Federal Register on April 11, 1997 (62 FR 
17992), is amended as follows:
    1. On page 17992, column 3, section I.(a), under the heading 
``Authority'', the first paragraph is revised to read as follows:

I. Purpose and Substantive Description

(a) Authority

    The HOME Investment Partnerships Act (the HOME Act) (title II of 
the Cranston-Gonzalez National Affordable Housing Act) was signed into 
law on November 28, 1990 (Pub. L. 101-625), and created the HOME 
Investment Partnerships (or HOME) Program that provides funds to Indian 
tribes to expand the supply of affordable housing for very low-income 
and low-income persons. HUD published interim regulations for the 
Indian HOME program in the Federal Register on June 21, 1996 (61 FR 
32292), to be codified at 24 CFR part 954.
* * * * *
    2. On page 17994, column 1, section I.(d) under the heading 
``Selection Criteria and Rating Factors'', the fifth paragraph is 
revised to read as follows:

I. Purpose and Substantive Description

* * * * *

(d) Selection Criteria and Rating Factors

* * * * *
    In responding to each of the components which address the selection 
criteria, HUD requests that each applicant:

--Use separate tabs for each selection criterion and sub-criterion. In 
order to be rated, make sure the response is beneath the appropriate 
heading.
--Keep its responses in the same order as the NOFA.
--Provide the necessary data and the explanation, not exceeding 200 
words, that supports the response. Include all relevant material to a 
response under the same tab. Do not assume the reviewer will search for 
the answer or information to support the answer elsewhere in the 
application.
--Do a preliminary rating for its own project, providing a score 
according to the scoring guide. This will help to show the applicant 
how its project might be scored by the reviewers. It will also help to 
show the applicant whether the application meets the eligibility 
requirements and the minimum point score requirement (60 points), and 
where the strengths and weaknesses of the application are

[[Page 28889]]

located. Then, the applicant can strengthen the weaker parts of the 
application and retain the stronger parts.
* * * * *
    3. On page 17996, column 3, section I.(d)(2)(i)(B), under the 
heading ``Cash flow projection through project completion (3 points 
maximum)'', the third paragraph is revised to read as follows:

I. Purpose and Substantive Description

* * * * *

(d) Selection Criteria and Rating Factors

* * * * *
    (2) PLANNING AND IMPLEMENTATION--40 points maximum.
* * * * *
    (i) Financial--15 points maximum.
* * * * *
    (B) Cash flow projection through project completion (3 points 
maximum).
* * * * *
    There must be a projection of costs and revenues for the time the 
work is being carried out as well as the time of maintenance and 
repair. The costs and revenues projection identifies what the 
maintenance and repair and major replacement costs for the long term 
(i.e., not less than the minimum period of affordability, 24 CFR 
954.306) are going to be and how they will be paid. The projection must 
identify what the costs and revenues are. If the source of revenue is a 
grant, the grant must be identified. The costs and revenues and the 
cash flow must cover the construction period and the marketing period 
(if there will be a marketing period); the period of maintenance and 
repair must be projected separately. The applicant must identify 
whether there is a need for short-term borrowing for rehabilitation or 
whether rehabilitation is paid for entirely from HOME and leveraged 
funds; any years of negative cash flow; and the cumulative negative 
cash flow. If the project requires financing, i.e., borrowing, to get 
through periods of negative cash flow, the applicant must show the 
financing in the cash flow projection. For scoring, see Table 7. Points 
will be awarded based on completeness in adequately addressing the 
pertinent questions.
* * * * *
    Dated: May 20, 1997.
Kevin Emanuel Marchman,
Acting Assistant Secretary for Public and Indian Housing.
[FR Doc. 97-13938 Filed 5-27-97; 8:45 am]
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