[Federal Register Volume 63, Number 243 (Friday, December 18, 1998)]
[Notices]
[Pages 70154-70155]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-33491]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4384-FA-04]


Funding Awards for the Native American Rural Housing and Economic 
Development Initiative Fiscal Year 1998

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

ACTION: Announcement of funding awards.

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SUMMARY: In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989, this document 
notifies the public of funding awards for the Native American Rural 
Housing and Economic Development Initiative Grants for Fiscal Year 
1998.

FOR FURTHER INFORMATION CONTACT: Jacqueline Johnson, Deputy Assistant 
Secretary, Office of Native American Programs, Department of Housing 
and Urban Development, 451 Seventh Street, SW, Washington, DC 20410, 
telephone (202) 401-7914 (this is not a toll-free number). Hearing- or 
speech-impaired persons may access this number via TTY by calling the 
toll-free Federal Information Relay Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION:

I. The FY 1998 Native American Rural Housing and Economic 
Development Initiative

    The Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 1998 (Pub. L. 
105-65, 111 Stat. 1344, 1357; approved October 27, 1997) (the FY 1998 
HUD Appropriations Act) provided $25 million for grants (not to exceed 
$4,000,000 each) to rural and tribal areas, including at least one 
Native American area in Alaska and one rural area in each of the States 
in Iowa and Missouri. The purpose of these grants is to test 
comprehensive approaches to developing a job base through economic 
development, developing affordable low and moderate-income rental and 
homeownership housing, and increasing the investment of both private 
and nonprofit capital.
    Of these $25 million made available by the FY 1998 HUD 
Appropriations Act, HUD has awarded $9 million for economic development 
and affordable housing activities in Native American areas (the ``FY 
1998 Native American Rural Housing and Economic Development 
Initiative''). The FY 1998 Native American Rural Housing and Economic 
Development Initiative consists of four funding awards:
    One title VI capacity-building grant ($3 million);
    Two rural housing and economic development grants ($2 million 
each); and
    One rural housing and economic development mortgage funding grant 
($4 million).

II. Title VI Loan Guarantee Capacity Building Grants

    On July 23, 1998 (63 FR 39686), HUD published a notice announcing 
the availability of up to $4 million from the $25 million authorized 
under the FY 1998 HUD Appropriations Act for rural housing activities. 
Under the July 23, 1998 notice of funding availability (NOFA), HUD 
awarded a single competitive grant of $3 million to a technical 
assistance provider who will use the grant funds to provide capacity-
building technical assistance to Indian tribes or Tribally Designated 
Housing Entities (TDHEs) that have been granted a loan guarantee under 
title VI of the Native American Housing Assistance and Self-
Determination Act of 1996 (25 U.S.C. 4101 et seq.) (NAHASDA).
    This notice publishes the name and address of the highest scoring 
applicant under the July 23, 1998 NOFA who was selected to act as the 
technical assistance provider to Indian Tribes and TDHEs (see Section 
V. of this notice). The purposes of the grant awarded under the July 
23, 1998 NOFA are to:
    1. Strengthen the economic feasibility of projects guaranteed under 
Title VI of NAHASDA;
    2. Directly enhance the security of Title VI guaranteed loans;
    3. Finance affordable housing activities and related projects that 
will provide near-term results;
    4. Demonstrate economic benefits such as homeownership 
opportunities, increased housing availability, housing

[[Page 70155]]

accessibility and visitability and job creation related to the approved 
Title VI demonstration project; and
    5. Attainment of Indian Housing Plan goals and objectives.

III. Rural Housing and Economic Development Grants

    As noted above, the FY 1998 HUD Appropriations Act specifically 
directs HUD to make a grant, not to exceed $4 million, to at least one 
Native American area in Alaska. In accordance with this statutory 
language, HUD has made two grants (of $2 million each) to two 
organizations located in Alaska Native areas. The purpose of these 
grants is to test comprehensive approaches to economic development and 
affordable housing in these areas. This notice publishes the names and 
addresses of these award recipients (see Section V. of this notice).

IV. Rural Housing and Economic Development Mortgage Funding Grant

    In addition to the three grants describe above, HUD has awarded a 
$2 million grant to Pine Ridge, South Dakota for the provision of 
homeownership counseling and other related services. The grantee shall 
use these funds to establish a Federal Housing Administration Loan 
Correspondent Corporation which shall provide for home mortgage loans, 
direct lending for home improvement loans, non-conforming loans, 
construction contingency reserves and interest rate reduction services. 
This action also enhances economic development through job creation to 
staff the organization for a period of two years.

V. Funding Award Recipients

    Section 102(a)(4)(C) of the Department of Housing and Urban 
Development Act of 1989 (42 U.S.C. 3545) (the HUD Reform Act) requires 
that HUD notify the public of all funding decisions made by HUD. In 
accordance with section 102(a)(4)(C) of the HUD Reform Act, this notice 
provides details regarding the recipients of funding awards under the 
FY 1998 Native American Rural Housing and Economic Development 
Initiative, as follows:

Title VI Loan Guarantee Capacity Building Grant

    IHA Management Systems, Inc.; 15414 N. 7th Street, Suite 8-145; 
Phoenix, AZ 85022 ($3 million).

Rural Housing and Economic Development Grant

    1. Alaska Native Heritage Center, Inc., 2525 C Street, Suite 301, 
Anchorage, AK 99503 ($2 million).
    2. Bristol Bay Housing Authority, P.O. Box 50, Dillingham, AK 99576 
($2 million).

Rural Housing and Economic Development Mortgage Funding Grant

    Oglala Sioux Lakota Tribe, P.O. Box C, Pine Ridge, SD 57770 ($2 
million).

VI. Catalog of Federal Domestic Assistance

    The Catalog of Federal Domestic Assistance number for this program 
is 14.867.

    Dated: December 14, 1998.
Harold Lucas,
Assistant Secretary for Public and Indian Housing.
[FR Doc. 98-33491 Filed 12-17-98; 8:45 am]
BILLING CODE 4210-33-P