[Federal Register Volume 77, Number 185 (Monday, September 24, 2012)]
[Notices]
[Page 58808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-23410]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Funds Availability for Section 514 Farm Labor Housing 
Loans and Section 516 Farm Labor Housing Grants for Off-Farm Housing 
for Fiscal Year (FY) 2012

AGENCY: Rural Housing Service, USDA.

ACTION: Notice; correction.

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SUMMARY: The Rural Housing Services published a document in the Federal 
Register on July 18, 2012, (77 FR 42258) concerning the availability of 
funds in the Agency's Farm Labor Housing Program. The document 
contained a deadline date of September 17, 2012, that the Agency is 
extending to October 31, 2012, and a funding restriction that is no 
longer applicable. The document also contained a documentation 
requirement concerning tax credits that the Agency is loosening and 
clarifying.

FOR FURTHER INFORMATION CONTACT: Mirna Reyes-Bible, Finance and Loan 
Analyst, Multi-Family Housing Preservation and Direct Loan Division, 
STOP 0781 (Room 1263-S), USDA Rural Development, 1400 Independence 
Avenue SW., Washington, DC 20250-0781, telephone: (202) 720-1753 (this 
is not a toll free number.), or via email: 
[email protected].

Correction

    In the Notice, beginning on page 42258 in the issue of July 18, 
2012 (77 FR 42258-65), make the following corrections:
    In the second column of page 42258, correct the DATES section to 
read:

DATES: The deadline for receipt of all applications in response to this 
Notice is 5 p.m. local time to the appropriate Rural Development State 
Office on October 31, 2012. * * *
    In the first column on page 42259, delete the following:
    Once the Agency has committed 70 percent of the available FY 2012 
program funds to new construction applications, no further funding will 
be available for new construction applications until after August 31, 
2012. If funding is available after August 31, 2012, then new 
construction applications will be considered and compete for funding 
using this NOFA's scoring criteria without regard to the aforementioned 
funding limitations.
    In the first column on page 42259, correct the two sentences before 
the first full paragraph to read:
* * * * *
    If leveraged funds are in the form of tax credits, the applicant 
must include in its pre-application written evidence that a tax credit 
application has been submitted and accepted by the Housing Finance 
Agency (HFA), if such written evidence is available at the time of the 
pre-application. All applications that will receive leveraged funding 
must have firm commitments in place for all of the leveraged funding 
within 18 months of the issuance of a ``Notice of Preapplication Review 
Action'' (Handbook Letter 103 (3560)). Applicants without written 
evidence that a tax credit application has been submitted and accepted 
by the HFA must certify in writing they will apply for tax credits to 
the HFA within 18 months of the issuance of a ``Notice of 
Preapplication Review Action.'' * * *

    Dated: September 17, 2012.
Tammye Trevi[ntilde]o,
Administrator, Rural Housing Service.
[FR Doc. 2012-23410 Filed 9-21-12; 8:45 am]
BILLING CODE 3410-XV-P