[Federal Register Volume 66, Number 85 (Wednesday, May 2, 2001)]
[Notices]
[Page 21909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10900]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Availability of Funding and Requests for Proposals for 
Guaranteed Loans Under the Section 538 Guaranteed Rural Rental Housing 
Program; Correction

AGENCY: Rural Housing Service (RHS), USDA.

ACTION: Correction.

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SUMMARY: The Rural Housing Service (RHS) corrects a notice published 
December 26, 2000 (65 FR 81650). This action is taken to correct the 
authorized purposes of section 538 guaranteed loans by eliminating the 
requirement that acquisition loans result in the creation of new units.
    Accordingly, the notice published December 26, 2000, (65 FR 81650-
81656), is corrected as follows:
    On page 81650 in the third column, Item I, ``Purpose and Program 
Summary,'' the fourth sentence should read ``Qualified lenders will be 
authorized to originate, underwrite, and close loans for multi-family 
housing projects requiring new construction or acquisition with 
rehabilitation of at least $15,000 per unit.''

    Dated: April 17, 2001.
James C. Alsop,
Acting Administrator, Rural Housing Service.
[FR Doc. 01-10900 Filed 5-1-01; 8:45 am]
BILLING CODE 3410-XV-U