[Federal Register Volume 62, Number 175 (Wednesday, September 10, 1997)] [Notices] [Pages 47623-47624] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-23905] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF AGRICULTURE Rural Housing Service Notice of Extension for Availability of Funding and Requests for Proposals for the Section 538 Rural Rental Housing Guaranteed Loan Demonstration Program AGENCY: Rural Housing Service, USDA. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Rural Housing Service (RHS) announces the extension of the application deadline to September 22, 1997. Applications for the program will be processed as they are received, until the funds are exhausted. RHS previously announced the availability of the section 538 Rural Rental Housing Guaranteed Loan program on a demonstration basis on July 2, 1997, 62 FR 35782. The application closing date is extended from August 18, 1997, to September 22, 1997. DATES: The deadline for receipt of applications is 4:00 p.m., Eastern Daylight Savings Time on September 22, 1997. Applications received after such date and time will be returned. Lenders are encouraged to submit applications prior to September 22, 1997, as applications will be reviewed as they are received. If there are differences between any previously distributed guidelines and this notice, the requirements of this notice shall prevail. If RHS is unable to obligate section 538 funds for guaranteed loans by [[Page 47624]] September 26, 1997, any remaining section 538 funds will be transferred for use under the section 515 program. Qualified lenders may call the office of the Multi-Family Housing Processing Division of the Rural Housing Service, at 202-720-1604 for a copy of the application package. This is not a toll-free number. Hearing- or speech-impaired persons may access that number by calling toll-free the Federal Information Relay Service at (800) 877-8339. Dated: August 28, 1997. Jan E. Shadburn, Administrator, Rural Housing Service. [FR Doc. 97-23905 Filed 9-9-97; 8:45 am] BILLING CODE 3410-XV-U