[Federal Register Volume 71, Number 53 (Monday, March 20, 2006)]
[Notices]
[Pages 14056-14071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-2448]



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Part II





Department of Agriculture





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Rural Housing Service



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Notice of Funds Availability; Multi[dash]Family Housing, 
Single[dash]Family Housing, Housing Loans and Grants for Fiscal Year 
2006; Notices

  Federal Register / Vol. 71, No. 53 / Monday, March 20, 2006 / 
Notices  

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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Availability of 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 2006 (FY 2006). 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.

DATES: Effective March 20, 2006.

FOR FURTHER INFORMATION CONTACT: For information regarding this notice 
contact Lou Paulson, Management Analyst, Single Family Housing Direct 
Loan Division, telephone 202-720-1478, for single family housing (SFH) 
issues and Tammy S. Daniels, Loan Specialist, Multi-Family Housing 
Processing Division, telephone 202-720-0021, for multi-family housing 
(MFH) issues, U.S. Department of Agriculture, 1400 Independence Ave., 
SW., Washington, DC, 20250. (The telephone numbers listed are not toll 
free numbers). For information on applying for assistance, visit our 
Internet Web site at  http://offices.usda.gov and select your State or 
check the blue pages in your local telephone directory under ``Rural 
Development'' for the office serving your area. Near the end of this 
Notice is a listing of Rural Development State Directors.

SUPPLEMENTARY INFORMATION:

Programs Affected

    The following programs are subject to the provisions of Executive 
Order 12372 that requires intergovernmental consultation with State and 
local officials. These programs or activities are listed in the Catalog 
of Federal Domestic Assistance under Nos.

10.405 Farm Labor Housing (LH) Loans and Grants
10.410 Very Low to Moderate Income Housing Loans
10.411 Rural Housing Site Loans and Self-Help Housing Land Development 
Loans
10.415 Rural Rental Housing Loans
10.417 Very Low Income Housing Repair Loans and Grants
10.420 Rural Self-Help Housing Technical Assistance
10.427 Rural Rental Assistance Payments
10.433 Rural Housing Preservation Grants
10.442 Housing Application Packaging Grants

Discussion of Notice

    Part 1940, subpart L of 7 CFR contains the ``Methodology and 
Formulas for Allocation of Loan and Grant Program Funds.'' To apply for 
assistance under these programs or for more information, contact the 
Rural Development Office for your area.

Multi-Family Housing (MFH)

I. General

    A. This provides guidance on MFH funding for the Rural Rental 
Housing program (RRH) for FY 2006. Allocation computations have been 
performed in accordance with 7 CFR 1940.575 and 1940.578. For FY 2006, 
State Directors, under the Rural Housing Assistance Grants (RHAG), will 
have the flexibility to transfer their initial allocations of budget 
authority between the Single Family Housing (SFH) Section 504 Rural 
Housing Grants and Section 533 Housing Preservation Grant (HPG) 
programs.
    B. MFH loan and grant levels for FY 2006 are as follows:

MFH Loan Programs Credit Sales......................          $1,485,000
Section 514 Farm Labor Housing (LH) loans *.........         $38,116,887
Section 515 Rural Rental Housing (RRH) loans........         $99,000,000
Section 521 Rental Assistance (RA) and 502(c)(5)(C)         $638,650,980
 Advance............................................
Section 516 LH grants...............................         $13,860,000
Sections 525 Technical and Supervisory Assistance               $990,000
 grants (TSA) and 509 Housing Application Packaging
 grants (HAPG) (Shared between single and multi-
 family housing)....................................
Section 533 Housing Preservation grants (HPG) *.....         $10,497,716
Section 538 Guaranteed Rural Rental Housing Program.         $99,000,000
Preservation Revolving Loan Fund Demonstration                $6,415,183
 Program............................................
Section 515 Multi-Family Housing Preservation and             $8,910,000
 Revitalization Restructuring Demonstration.........
Rural Housing Voucher Program.......................         $15,840,000
Housing Demonstration Program for Mississippi Band              $990,000
 of Choctaw Indians.................................
Natural disaster 2003/2004 hurricane funds (Section             $880,519
 516 LH grants).....................................
 
* Includes Carryover Funds.

II. Funds Not Allocated to States

A. Credit Sales Authority

    For FY 2006, $1,485,000 will be set aside for credit sales to 
program and nonprogram buyers. Credit sale funding will not be 
allocated by State.

B. Section 538 Guaranteed Rural Rental Housing Program

    Guaranteed loan funds will be made available under a Notice of 
Funding Availability (NOFA) being published in this Federal Register. 
Additional guidance is provided in the NOFA.

C. Multifamily Revitalization Initiative Demonstration Program

    The Multifamily Revitalization Initiative Demonstration Program is 
designed to preserve and revitalize Section 515 multifamily rental 
housing properties. The Program is designed to utilize several tools to 
restructure debt and financing of an aging portfolio of rental 
properties. The objective is to ensure that properties have sufficient 
resources to continue providing safe and affordable housing for low-
income rural residents.

D. Rural Housing Voucher Program

    The Rural Housing Voucher Program, authorized under Section 542 of 
the Housing Act of 1949, is designed to provide tenant protections in 
properties that prepay their mortgages after September 30, 2005. These 
Vouchers are portable and will enable tenants to continue to access 
affordable housing without benefit of the traditional Rental Assistance 
Program.

III. Farm Labor Housing (LH) Loans and Grants

    The Administrator has the authority to transfer the allocation of 
budget authority between the two programs. Upon NOFA closing the 
Administrator will evaluate the responses and determine proper 
distribution of funds between loans and grants.

[[Page 14057]]

A. Section 514 Farm LH Loans

    1. These loans are funded in accordance with 7 CFR 1940.579(a).

FY 2006 Appropriation...............................         $38,116,887
Available for Off-Farm Loans........................         $31,937,082
Available for On-Farm Loans.........................          $2,000,000
National Office Reserve.............................          $4,179,805
 

    2. Off-farm loan funds will be made available under a NOFA being 
published in this Federal Register. Additional guidance is provided in 
the NOFA.

B. Section 516 Farm LH Grants

    1. 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 2006 Appropriation...............................         $13,860,000
Available for LH Grants for Off-Farm................         $10,490,040
National Office Reserve.............................          $3,369,960
 

    2. Labor Housing grant funds for Off-Farm will be made available 
under a NOFA being published in this Federal Register. Additional 
guidance is provided in the NOFA.
    C. Labor Housing Rental Assistance (RA) will be held in the 
National Office for use with LH loan and grant applications. RA is only 
available with am LH loan of at least 5 percent of the total 
development cost. Projects without a LH loan cannot receive RA.

IV. Section 515 RRH Loan Funds

FY 2006 Section 515 Rural Rental Housing allocation          $99,000,000
 (Total)............................................
New Construction funds and set-asides...............         $25,740,000
    New construction loans..........................          $8,562,510
    Set-aside for nonprofits........................          $8,910,000
    Set-aside for underserved counties and colonias.          $4,950,000
    Earmark for EZ, EC, or REAP Zones...............          $2,327,490
    State RA designated reserve.....................            $990,000
Rehab and repair funds and equity...................         $53,460,000
    Rehab and repair loans..........................         $48,510,000
    Designated equity loan reserve..................          $4,950,000
General Reserve.....................................         $19,800,000
 

A. New Construction Loan Funds

    New construction loan funds will be made available using a national 
NOFA being published in this Federal Register. Additional guidance is 
provided in the NOFA.

B. National Office New Construction Set-asides

    The following legislatively mandated set-asides of funds are part 
of the National office set-aside:
1. Nonprofit Set-aside
    An amount of $8,562,510 has been set aside for nonprofit 
applicants. All Nonprofit loan proposals must be located in designated 
places as defined in 7 CFR 3560.
2. Underserved Counties and Colonias Set-Aside
    An amount of $4,950,000 has been set aside for loan requests to 
develop units in the underserved 100 most needy counties or colonias as 
defined in section 509(f) of the Housing Act of 1949 as amended. 
Priority will be given to proposals to develop units in colonias or 
tribal lands.
3. EZ, EC or REAP Zone Earmark
    An amount of $2,327,490 has been earmarked for loan requests to 
develop units in EZ or EC communities or REAP Zones until June 30, 
2006.

C. Designated Reserves for State RA

    An amount of $990,000 of Section 515 loan funds has been set aside 
for matching with projects in which an active State sponsored RA 
program is available. The State RA program must be comparable to the 
RHS RA program.

D. Repair and Rehabilitation Loans

    Tenant health and safety continues to be the top priority. Repair 
and rehabilitation funds must be first targeted to RRH facilities that 
have physical conditions that affect the health and safety of tenants 
and subsequently made available to facilities that have deferred 
maintenance. All funds will be held in the National office and will be 
distributed based upon indicated rehabilitation needs in the MFH survey 
conducted in November 2005.

E. Designated Reserve for Equity Loans

    An amount of $4,950,000 has been designated for the equity loan 
preservation incentive described in 7 CFR 3560. The $4,950,000 will be 
further divided into $4 million for equity loan requests currently on 
the pending funding list and $950,000 to facilitate the transfer of 
properties from for-profit owners to nonprofit corporations and public 
bodies. Funds for such transfers would be authorized only for for-
profit owners who are currently on the pending funding list who agree 
to transfer to nonprofit corporations or public bodies rather than to 
remain on the pending list. If insufficient transfer requests are 
generated to utilize the full $1 million set aside for nonprofit and 
public body transfers, the balance will revert to the existing pending 
equity loan funding list.

F. General Reserve

    There is one general reserve fund of $19,800,000. Some examples of 
immediate allowable uses include, but are not limited to, hardships and

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emergencies, RH cooperatives or group homes, or RRH preservation.

V. Section 533 Housing Preservation Grants (HPG).

Total Available.....................................          $9,900,000
Carryover Funds.....................................            $597,716
Less General Reserve................................            $990,000
Less Earmark for EZ, EC or REAP Zones...............            $594,000
Total Available for Distribution....................          $8,913,716
 

    Amount available for allocation. (See end of this Notice for HPG 
State allocations.) Fund availability will be announced in a NOFA being 
published in the Federal Register.
    The amount of $594,000 is earmarked for EZ, EC or REAP Zones until 
June 30, 2006.

Single Family Housing (SFH)

I. General

    All SFH programs are administered through field offices. For more 
information or to make application, please contact the Rural 
Development office servicing your area. To locate these offices, 
contact the appropriate State Office from the attached State Office 
listing, visit our Web site at http://offices.usda.gov or check the 
blue pages in your local telephone directory under ``Rural 
Development'' for the office serving your area.
    A. This notice provides SFH allocations for FY 2006. Allocation 
computations have been made in accordance with 7 CFR 1940.563 through 
1940.568. Information on basic formula criteria, data source and 
weight, administrative allocation, pooling of funds, and availability 
of the allocation are located on a chart at the end of this notice.
    B. The SFH levels authorized for FY 2006 are as follows:

Section 502 Guaranteed Rural Housing (RH) loans:
  Nonsubsidized Guarantees--Purchase................    **$3,539,282,975
  Nonsubsidized Guarantees--Refinance...............      **$243,016,441
Section 502 Direct RH loans:
  Very low-income subsidized loans..................       *$564,695,478
  Low-income subsidized loans.......................       *$564,695,478
Credit sales (Nonprogram)...........................         $10,000,000
Section 504 housing repair loans....................        *$34,651,692
Section 504 housing repair grants...................     */**$30,123,945
Section 509 compensation for construction defects**.            $204,066
Section 523 mutual and self-help housing grants.....     */**$34,374,327
Section 523 Self-Help Site Loans....................          $4,998,058
Section 524 RH site loans...........................          $5,000,000
Section 306C Water and waste disposal grants........        **$1,484,567
Section 525 Supervisory and technical Assistance and        **$1,056,370
 Section 509 Housing Application Packaging Grants
 Total Available for single And multi-family........
Natural disaster funds (Section 502 Direct loans)...        **$1,801,535
Natural disaster 2005 hurricane funds (Section 502          $175,592,625
 Direct loans)......................................
Natural disaster 2005 hurricane funds (Section 502        $1,293,103,448
 Guaranteed loans)..................................
Natural disaster funds (Section 504 loans)..........        **$3,055,447
Natural disaster 2003/2004 hurricane funds (Section        **$15,306,168
 504 loans).........................................
Natural disaster 2005 hurricane funds (Section 504           $34,188,034
 loans).............................................
Natural disaster funds (Section 504 grants).........           **$38,157
Natural disaster 2003/2004 hurricane funds (Section         **$2,360,903
 504 grants)........................................
Natural disaster 2005 hurricane funds (Section 504           $20,000,000
 grants)............................................
 
* Includes funds for EZ/EC and REAP communities until June 30, 2006.
** Carryover funds are included in the balance.

C. SFH Funding Not Allocated to States

    The following funding is not allocated to States by formula. Funds 
are made available to each state on a case-by-case basis.
1. Credit Sale Authority
    Credit sale funds in the amount of $10,000,000 are available only 
for nonprogram sales of Real Estate Owned (REO) property.
2. Section 509 Compensation for Construction Defects
    $204,066 is available for compensation for construction defects.
3. Section 523 Mutual and Self-Help Technical Assistance Grants
    $34,374,327 is available for Section 523 Mutual and Self-Help 
Technical Assistance Grants. Of these funds, $990,000 is earmarked for 
EZ, EC or REAP Zones until June 30, 2006. A technical review and 
analysis must be completed by the Technical and Management Assistance 
(T&MA) contractor on all predevelopment, new, and existing (refunding) 
grant applications.
4. Section 523 Mutual and Self-Help Site Loans and Section 524 RH Site 
Loans
    $4,998,058 and $5,000,000 are available for Section 523 Mutual 
Self-Help and Section 524 RH Site loans, respectively.
5. Section 306C WWD Grants to Individuals in Colonias
    The 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.
    The total amount available to Arizona, California, New Mexico, and 
Texas will

[[Page 14059]]

be $1,484,567 for FY 2006. This amount includes carryover unobligated 
balance and a transferred amount of $1 million from the Rural Utilities 
Service (RUS) to RHS for processing individual grant applications.
6. Section 525 Technical and Supervisory Assistance (TSA) and Section 
509 Housing Application Packaging Grants (HAPG)
    $1,056,370 is available for the TSA and HAPG programs. Funds are 
available on a limited basis for TSA grants. In accordance with the 
provisions of 7 CFR 1944.525, funding will be targeted nationally and 
then on an individual basis to States/areas with the highest degree of 
substandard housing and persons in poverty eligible to receive Agency 
housing assistance. States should submit proposals from potential 
applicants to the National Office for review and concurrence prior to 
authorizing an application.
    Requests should be submitted to the National Office for HAPG based 
on projected usage of these funds for the quarter or as needed. HAPG 
requests should be submitted by e-mail to Gloria Denson, Senior Loan 
Specialist, SFH Direct Loan Division, 202-720-1487. Reserve funds will 
be held at the National Office and requests from eligible States will 
be considered on a first-come, first-served basis. Additional guidance 
is provided in the NOFA.
7. Natural Disaster Funds
    Funds are available until exhausted to those States with active 
Presidential Declarations.
8. Deferred Mortgage Payment Demonstration
    There is no FY 2006 funding provided for deferred mortgage 
authority or loans for deferred mortgage assumptions.

II. State Allocations

A. Section 502 Nonsubsidized Guaranteed RH (GRH) Loans

1. Purchase--Amount Available for Allocation

Total Available--Purchase...........................      $3,539,282,975
    Less National office General Reserve............      $1,218,154,125
    Less Special Outreach Area Reserve..............        $522,066,053
Basic Formula--Administrative Allocation............      $1,799,062,798
 

    a. National office General Reserve. The Administrator may restrict 
access to this reserve for States not meeting their goals in special 
outreach areas.
    b. Special Outreach Areas. FY 2006 GRH funding is allocated to 
States in two funding streams. Seventy percent of GRH funds may be used 
in any eligible area. Thirty percent of GRH funds are to be used in 
special outreach areas. Special outreach areas for the GRH program are 
defined as those areas within a State that are not located within a 
metropolitan statistical area (MSA).
    c. National Office Special Area Outreach Reserve. A special 
outreach area reserve fund has been established at the National office. 
Funds from this reserve may only be used in special outreach areas.
2. Refinance--Amount Available for Allocation

Total Available--Refinance..........................        $243,016,441
    Less National office general reserve............        $243,016,441
Basic formula--Administrative Allocation............                $-0-
 

    a. Refinance Funds. Refinance loan funds will be distributed from 
the National Office on a case-by-case basis.
    b. National office general reserve. The Administrator may restrict 
access to this reserve for States not meeting their goals in special 
outreach areas.

B. Section 502 Direct RH Loans

1. Amount Available for Allocation

Total Available.....................................      $1,129,390,956
    Less Required Set Aside for Underserved Counties         $56,469,548
     and Colonias...................................
        EZ, EC and REAP Earmark.....................         $10,679,648
    Less General Reserve............................        $148,107,873
        Administrator's Reserve.....................         $10,107,873
        Hardships & Homelessness....................          $2,000,000
        Rural Housing Demonstration Program.........          $1,000,000
        Homeownership Partnership...................        $110,000,000
        Program funds for the sale of REO properties         $25,000,000
        Less Designated Reserve for Self-Help.......        $175,000,000
        Basic Formula Administrative Allocation.....        $739,133,887
 

2. Reserves
    a. State Office Reserve. State Directors must maintain an adequate 
reserve to fund the following applications:
    (i) Hardship and homeless applicants including the direct Section 
502 loan and Section 504 loan and grant programs.
    (ii) Rural Home Loan Partnerships (RHLP) and Community Development 
Financial Institutions (CDFI) loans.
    (iii) States will leverage with funding from other sources.
    (iv) Areas targeted by the State according to its strategic plan.
    b. National Office Reserves.
    (i) General Reserve. The National office has a general reserve of 
$148 million. Of this amount, the Administrator's reserve is 
$10,107,873. One of the purposes of the Administrator's reserve will be 
for loans in Indian Country. Indian Country consists of land inside the 
boundaries of Indian reservations, communities made up mainly of Native 
Americans, Indian trust and restricted land, and tribal allotted lands. 
Another purpose of the reserve will be to provide funding for 
subsequent loans for essential improvements or repairs and transfers 
with assumptions.
    (ii) Hardship and Homelessness Reserve. $2 million has been set 
aside for hardships and homeless.

[[Page 14060]]

    (iii) Rural Housing Demonstration Program. $1 million dollars has 
been set aside for innovative demonstration initiatives.
    (iv) Program Credit Sales. $25 million dollars has been set aside 
for program sales of REO property.
    c. Homeownership Partnership. $110 million dollars has been set 
aside for Homeownership Partnerships. These funds will be used to 
expand existing partnerships and create new partnerships, such as the 
following:
    (i) Department of Treasury, Community Development Financial 
Institutions (CDFI). Funds will be available to fund leveraged loans 
made in partnership with the Department of Treasury CDFI participants.
    (ii) Partnership initiatives established to carry out the 
objectives of the rural home loan partnership (RHLP).
    d. Designated Reserve for Self-Help. $175 million dollars has been 
set aside to assist participating Self-Help applicants. The National 
office will contribute 100 percent from the National office reserve. 
States are not required to contribute from their allocated Section 502 
RH funds.
    e. Underserved Counties and Colonias. An amount of $56,469,548 has 
been set aside for the 100 underserved counties and colonias.
    f. Empowerment Zone (EZ), Enterprise Community (EC) or Rural 
Economic Area Partnership (REAP) earmark. An amount of $10,679,648 has 
been earmarked until June 30, 2006, for loans in EZ, EC or REAP Zones.
    g. 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.)
    h. Suballocation by the State Director. The State Director may 
suballocate to each area office using the methodology and formulas 
required by 7 CFR part 1940, subpart L. If suballocated to the area 
level, the Rural Development Manager will make funds available on a 
first-come, first-served basis to all offices at the field or area 
level. No field office will have its access to funds restricted without 
the prior written approval of the Administrator.

B. Section 504 Housing Loans and Grants

    Section 504 grant funds are included in the Rural Housing 
Assistance Grant program (RHAG) in the FY 2006 appropriation.
1. Amount Available for Allocation
Section 504 Loans

Total Available.....................................         $34,651,692
Less 5% for 100 Underserved Counties and Colonias...          $1,732,584
    EZ, EC or REAP Zone Earmark.....................            $652,086
    Less General Reserve............................            $733,915
Basic Formula--Administrative Allocation............         $31,533,107
 

Section 504 Grants

Total Available.....................................         $30,123,945
    Less 5% for 100 Underserved Counties and                  $1,480,050
     Colonias.......................................
    Less EZ, EC or REAP Earmark.....................            $594,000
    Less General Reserve............................          $1,649,895
Basic Formula--Administrative Allocation............         $26,400,000
 

2. Reserves and Set-asides
    a. State Office Reserve. State Directors must maintain an adequate 
reserve to handle all anticipated hardship applicants based upon 
historical data and projected demand.
    b. Underserved Counties and Colonias. Approximately $1,732,584 and 
$1,480,050 have been set aside for the 100 underserved counties and 
colonias until June 30, 2006, for the Section 504 loan and grant 
programs, respectively.
    c. Empowerment Zone (EZ) and Enterprise Community (EC) or Rural 
Economic Area Partnership (REAP) Earmark (Loan Funds Only). $652,086 
and $594,000 have been earmarked through June 30, 2006, for EZ, EC or 
REAPs for the Section 504 loan and grant programs, respectively.
    d. General Reserve. $733,915 for Section 504 loan hardships and 
$1,649,895 for Section 504 grant extreme hardships have been set-aside 
in the general reserve. 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.
    INFORMATION ON BASIC FORMULA CRITERIA, DATA SOURCE AND WEIGHT, 
ADMINISTRATIVE ALLOCATION, POOLING OF FUNDS, AND AVAILABILITY OF THE 
ALLOCATION

----------------------------------------------------------------------------------------------------------------
                                             Section 502
           No.\ Description                 Nonsubsidized        Section 502  Direct RH   Section 504  Loans and
                                         Guaranteed RH Loans             Loans                    Grants
----------------------------------------------------------------------------------------------------------------
1. Basic formula criteria, data        See 7 CFR 1940.563(b)..  See 7 CFR 1940.565(b)..  See 7 CFR 1940.566(b)
 source, and weight.                                                                      and 1940.567(b).
2. Administrative Allocation:          .......................  .......................  .......................
    Western Pacific Area.............  $4,000,000.............  $2,000,000.............  $500,000 loan.
                                                                                         $500,000 grant.
3. Pooling of funds:
    a. Mid-year pooling..............  If necessary...........  If necessary...........  If necessary.
    b. Year-end pooling..............  August 12, 2006........  July 14, 2006..........  July 14, 2006.
    c. Underserved counties &          N/A....................  June 30, 2006..........  June 30, 2006.
     colonias.
    d. EZ, EC or REAP................  N/A....................  June 30, 2006..........  June 30, 2006.
    e. Credit sales..................  N/A....................  June 30, 2006..........  N/A.
4. Availability of the allocation:     .......................  .......................  .......................

[[Page 14061]]

 
    a. first quarter.................  40 percent.............  50 percent.............  50 percent.
    b. second quarter................  70 percent.............  75 percent.............  75 percent.
    c. third quarter.................  90 percent.............  100 percent............  100 percent.
    d. fourth quarter................  100 percent............  100 percent............  100 percent.
----------------------------------------------------------------------------------------------------------------

    1. Data derived from the 2000 U.S. Census is available on the Web 
at http://census.sc.egov.usda.gov.
    2. Due to the absence of Census data.
    3. All dates are tentative and are for the close of business (COB). 
Pooled funds will be placed in the National office reserve and made 
available administratively. The Administrator reserves the right to 
redistribute funds based upon program performance.
    4. Funds will be distributed cumulatively through each quarter 
listed until the National office year-end pooling date.

    Dated: March 8, 2006.
Russell T. Davis,
Administrator, Rural Housing Service.
BILLING CODE 3410-XV-P

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[FR Doc. 06-2448 Filed 3-17-06; 8:45 am]
BILLING CODE 3410-XV-P