[Federal Register: March 28, 2008 (Volume 73, Number 61)] [Notices] [Page 16624-16638] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr28mr08-37] ----------------------------------------------------------------------- DEPARTMENT OF AGRICULTURE Rural Housing Service Notice of Availability of Funds; Multi-Family Housing, Single Family Housing AGENCY: Rural Housing Service, USDA. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Rural Housing Service, hereinafter referred to as Housing and Community Facilities Programs (HCFP), announces the availability of housing funds for fiscal year (FY) 2008. This action is taken to comply with 42 U.S.C. 1490p, which requires that HCFP publish in the Federal Register notice of the availability of any housing assistance. DATES: Unless otherwise indicated below, applications are accepted year-round at a local Rural Development office. Effective Date: March 28, 2008. FOR FURTHER INFORMATION CONTACT: For information and application assistance contact the appropriate state office from the attached state office listing, or visit our Internet Web site at http:// www.offices.usda.gov and select your State. Applicants can also obtain local contact information in a local telephone directory's blue pages under ``Rural Development.'' For information regarding this notice contact Myron Wooden, Loan Specialist, Single Family Housing Direct Loan Division, telephone 202- 720-4780, for single family housing (SFH) issues and Tammy S. Daniels, Senior Loan Specialist, Multi-Family Housing (MFH) Processing Division, telephone 202-720-0021, for multi-family housing issues, U.S. Department of Agriculture, 1400 Independence Ave., SW., Washington, DC 20250. (The telephone numbers listed are not toll free numbers). SUPPLEMENTARY INFORMATION: The information in this Notice describes how funds for the various Rural Development HCFP programs are distributed. 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. 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 USDA Rural Development Office for your area. Multi-Family Housing (MFH) I. General A. This Notice provides guidance on MFH funding for the Rural Rental Housing program (RRH) for FY 2008. Allocation computations have been performed in accordance with 7 CFR 1940.575 and 1940.578. For FY 2008, 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 2008 are as follows: ------------------------------------------------------------------------ ------------------------------------------------------------------------ MFH Loan Programs Credit Sales.......................... $1,475,864 Section 514 Farm Labor Housing (LH) loans*.............. 27,545,076 Section 515 Rural Rental Housing (RRH) loans............ 69,510,000 Section 521 Rental Assistance (RA) and 502(c)(5)(C) 472,757,370 Advance................................................ Section 516 LH grants................................... 9,930,000 Sections 525 Technical and Supervisory Assistance (TSA) 0 and Section 509 Housing Application Packaging Grants (HAPG) (Shared between single and multi-family housing)*.............................................. Section 533 Housing Preservation grants (HPG)**......... 9,593,704 Section 538 Guaranteed Rural Rental Housing Program..... 129,090,000 Preservation Revolving Loan Fund Demonstration Program*. 6,421,642 Sections 514, 515 and 516 Multi-Family Housing 19,860,000 Revitalization Demonstration Program (MPR)***.......... Rural Housing Voucher Demonstration Program*............ 4,965,000 ------------------------------------------------------------------------ * Does Not Include Carryover Funds. ** Includes Carryover Funds. *** Stated at the budget authority level, rather than at the program level. II. Funds Not Allocated to States A. Credit Sales Authority. For FY 2008, $1,475,864 will be made available 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 have been made available [[Page 16625]] under a Notice of Funding Availability (NOFA) published in the Federal Register on February 4, 2008. Additional guidance is provided in the NOFA. C. Sections 514, 515 and 516 Multi-Family Housing and Revitalization Demonstration Program (MPR) for Fiscal Year 2008. The MPR program is designed to preserve and revitalize Section 515 multi- family rental housing properties and sections 514/516 Off-farm labor housing properties. The program is designed to utilize several demonstration revitalization tools to restructure debt and financing of an aging portfolio of rental properties. The goal of the MPR program is to ensure that properties have sufficient resources to continue providing safe and affordable housing for low-income rural residents. D. USDA Rural Development Voucher Demonstration Program. The USDA Rural Development 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 October 1, 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 the closing date of the NOFA, the Administrator will evaluate the responses and determine proper distribution of funds between loans and grants. A. Section 514 Farm LH Loans 1. These loans are funded in accordance with 7 CFR 1940.579(a). ------------------------------------------------------------------------ ------------------------------------------------------------------------ FY 2008 Appropriation................................... $27,545,076 Available for Off-Farm Loans............................ 19,158,807 Available for On-Farm Loans............................. 2,000,000 National Office Reserve................................. 6,386,269 ------------------------------------------------------------------------ 2. Off-Farm loan funds have been made available under a NOFA published in the Federal Register on March 12, 2008. 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 2008 Appropriation................................... $9,930,000 Available for LH Grants for Off-Farm.................... 7,447,500 National Office Reserve................................. 2,482,500 ------------------------------------------------------------------------ 2. Labor Housing grant funds for Off-Farm have been made available under a NOFA published in the Federal Register on March 12, 2008. Additional guidance is provided in the NOFA. C. Labor Housing Rental Assistance (RA). It is anticipated that Labor Housing RA will not be available for Fiscal Year 2008. IV. Section 515 RRH Loan Funds ------------------------------------------------------------------------ ------------------------------------------------------------------------ FY 2008 Section 515 Rural Rental Housing allocation $69,510,000 (Total)................................................ New Construction funds and set-asides................. 14,529,124 Non-Restricted...................................... 2,341,200 Set-aside for nonprofits............................ 6,255,900 Set-aside for underserved counties and colonias..... 3,475,500 Set-aside for EZ, EC, or REAP Zones................. 1,456,524 State RA designated reserve......................... 1,000,000 Rehab and repair funds and equity..................... 40,036,226 Rehab and repair loans.............................. 35,036,226 Designated equity loan reserve...................... 5,000,000 General Reserve....................................... 14,944,650 ------------------------------------------------------------------------ A. New Construction Loan Funds. New construction loan funds have been made available using a national NOFA published in the Federal Register on March 12, 2008. 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 $6,255,900 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 $3,475,500 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 Set-aside. An amount of $1,456,524 has been set-aside for loan requests to develop units in EZ or EC communities or REAP Zones until June 30, 2008. C. Designated Reserves for State RA. An amount of $1,000,000 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 HCFP RA program. D. Repair and Rehabilitation Loans. All funds will be held in the National Office and will be distributed based upon rehabilitation needs to projects selected and processed under the FY 2008 MPR NOFA. E. Designated Reserve for Equity Loans. An amount of $5,000,000 has been designated for the equity loan preservation incentive described in 7 CFR 3560. The $5 million will be further divided into $4 million for equity loan requests currently on the pending funding list and $1 million 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 $14,944,650. Some examples of immediate allowable uses include, but are not limited to, hardships and emergencies, HCFP cooperatives or group homes, or RRH preservation. V. Section 533 HPG ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total Available (Includes carryover funds)............. $9,593,704.00 Less General Reserve................................... 957,570.40 Less Set-aside for EZ, EC or REAP Zones................ 595,800.00 Total Available for Distribution....................... 8,040,333.60 ------------------------------------------------------------------------ [[Page 16626]] See the end of this Notice for HPG state allocations. Fund availability has been announced in a NOFA that was published in the Federal Register on February 20, 2008. The amount of $595,800 is set-aside for EZ, EC or REAP Zones until June 30, 2008. 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://www.offices.usda.gov, or search 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 2008. 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 2008 are as follows: ------------------------------------------------------------------------ ------------------------------------------------------------------------ Section 502 Guaranteed Rural Housing (RH) loans: Nonsubsidized Guarantees--Purchase............... $4,958,563,379 Nonsubsidized Guarantees--Refinance.............. 269,375,804 Section 502 Direct RH Loans*......................... 1,121,485,933 Credit sales (Nonprogram)............................ 10,000,000 Section 504 Housing Repair Loans*.................... 34,409,013 Section 504 Housing Repair Grants*/**................ 29,790,000 Section 509 Compensation for Construction Defects**.. 0 Section 523 Mutual and Self-help Housing Grants and 38,727,000 Contracts*/**....................................... Section 523 Self-Help Site Loans..................... 4,965,000 Section 524 RH site Loans............................ 5,045,000 Section 306C Water and Waste Disposal (WWD) Grants**. 1,000,000 ------------------ Total available.............................. 6,473,961,129 ------------------------------------------------------------------------ * Includes funds for EZ/EC and REAP communities until June 30, 2008. ** Carryover funds are not 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 523 Mutual and Self-Help Technical Assistance Grants. $38,727,000 is available for Section 523 Mutual and Self-Help Technical Assistance Grants. Of these funds, $993,000 is set-aside for EZ, EC or REAP Zones until June 30, 2008. 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. 3. Section 523 Mutual and Self-Help Site Loans and Section 524 RH Site Loans. $4,965,000 and $5,045,000 are available for Section 523 Mutual Self-Help and Section 524 RH Site loans, respectively. 4. 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 be $1,000,000 for FY 2008. This amount is transferred from the Rural Utilities Service (RUS) to HCFP for processing individual grant applications. 5. Natural Disaster Funds. Funds are available until exhausted to those states with active Presidential Declarations. II. State Allocations A. Section 502 Nonsubsidized Guaranteed RH (GRH) Loans 1. Purchase--Amount Available for Allocation. ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total Available--Purchase............................ $4,958,563,379 Less National Office General Reserve............. 1,090,994,365 Less Special Outreach Area Reserve............... 467,569,014 Basic Formula--Administrative Allocation............. 3,400,000,000 ------------------------------------------------------------------------ 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 2008 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............................. $269,375,804 Less National Office General Reserve................... 269,375,804 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. [[Page 16627]] ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total Available...................................... $1,121,485,933 Less Required Set-Aside for: Underserved Counties and Colonias................ 56,074,296 EZ, EC and REAP Set-aside........................ 17,978,388 Less General Reserve................................. 170,148,593 Administrator's Reserve.......................... 30,000,000 Hardships & Homelessness......................... 2,000,000 Rural Housing Demonstration Program.............. 1,000,000 Homeownership Partnership........................ 112,148,593 Program funds for the sale of REO properties..... 25,000,000 Less Designated Reserve for Self-Help............ 175,000,000 Basic Formula--Administrative Allocation......... 702,284,655 ------------------------------------------------------------------------ 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 $170.1 million. Of this amount, the Administrator's reserve is $30,000,000. 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. The Administrator's reserve may also be made available to states beginning in the 3rd quarter when demand for funds is unusually high. (ii) Hardship and Homelessness Reserve. $2 million has been set aside for hardships and homeless. (iii) Rural Housing Demonstration Program. $1 million has been set aside for innovative demonstration initiatives. (iv) Program Credit Sales. $25 million has been set aside for program sales of REO property. c. Homeownership Partnership. $112.1 million 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 the 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 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 funds. e. Underserved Counties and Colonias. An amount of $56,074,296 has been set-aside for the 100 underserved counties and colonias. f. Empowerment Zone (EZ), Enterprise Community (EC) or Rural Economic Area Partnership (REAP) set-aside. An amount of $17,978,388 has been set-aside until June 30, 2008, 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. C. Section 504 Housing Loans and Grants. Section 504 grant funds are included in the Rural Housing Assistance Grant program (RHAG) in the FY 2008 appropriation. 1. Amount available for allocation. Section 504 Loans ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total Available......................................... $34,409,013 Less 5% for 100 Underserved Counties and Colonias....... 1,720,450 EZ, EC or REAP Zone Set-aside........................... 627,666 Less General Reserve.................................... 733,915 Basic Formula--Administrative Allocation................ 31,326,982 ------------------------------------------------------------------------ Section 504 Grants ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total Available......................................... $29,790,000 Less 5% for 100 Underserved Counties and Colonias....... 1,489,500 Less EZ, EC or REAP Set-aside........................... 595,800 Less General Reserve.................................... 1,649,895 Basic Formula--Administrative Allocation................ 26,054,805 ------------------------------------------------------------------------ 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. $1,720,450 and $1,489,500 have been set-aside for the 100 underserved counties and colonias until June 30, 2008, for the Section 504 loan and grant programs, respectively. c. Empowerment Zone (EZ) and Enterprise Community (EC) or Rural Economic Area Partnership (REAP) Set-aside (Loan Funds Only). $627,666 and $595,800 have been set-aside through June 30, 2008, 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. [[Page 16628]] Information on Basic Formula Criteria, Data Source and Weight, Administrative Allocation, Pooling of Funds, and Availability of the Allocation ---------------------------------------------------------------------------------------------------------------- Section 502 nonsubsidized Section 502 direct Section 504 loans No. Description guaranteed RH RH loans and grants loans ---------------------------------------------------------------------------------------------------------------- 1............................... Basic formula See 7 CFR See 7 CFR See 7 CFR criteria, data 1940.563(b). 1940.565(b). 1940.566(b) and source, and 1940.567(b). weight. 2............................... Administrative Allocation:. Western Pacific $4,000,000........ $2,000,000........ $500,000 loan Area. $500,000 grant. 3............................... Pooling of funds:. a. Mid-year If necessary...... If necessary...... If necessary. pooling. b. Year-end August 14, 2008... July 17, 2008..... July 17, 2008. pooling. c. Underserved N/A............... June 30, 2008..... June 30, 2008. counties & colonias. d. EZ, EC or REAP. N/A............... June 30, 2008..... June 30, 2008. e. Credit sales... N/A............... June 30, 2008..... N/A. 4............................... Availability of the allocation:. a. first quarter.. 40 percent........ 25 percent........ 25 percent. b. second quarter. 70 percent........ 50 percent........ 50 percent. c. third quarter.. 90 percent........ 75 percent........ 75 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. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual's income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW., Washington, DC 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider, employer, and lender. Dated: March 20, 2008. Russell T. Davis, Administrator, Rural Housing Service. HCFP Fiscal Year 2008--Section 533--Housing Preservation Grant [Allocation in Thousands] ------------------------------------------------------------------------ Total State Formula factor allocation ------------------------------------------------------------------------ ALABAMA................................. 0.02957 237,752.66 ALASKA.................................. 0.00587 47,196.76 ARIZONA................................. 0.01780 143,117.94 ARKANSAS................................ 0.02310 185,731.71 CALIFORNIA.............................. 0.04653 374,116.72 COLORADO................................ 0.00840 67,538.80 DELAWARE................................ 0.00190 15,276.63 MARYLAND................................ 0.00880 70,754.94 FLORIDA................................. 0.02890 232,365.64 VIRGIN ISLANDS.......................... 0.00273 21,950.11 GEORGIA................................. 0.03867 310,919.70 HAWAII.................................. 0.00790 63,518.64 WPA..................................... 0.00647 52,020.96 IDAHO................................... 0.00743 59,739.68 ILLINOIS................................ 0.02250 180,907.51 INDIANA................................. 0.02157 173,430.00 IOWA.................................... 0.01340 107,740.47 KANSAS.................................. 0.01130 90,855.77 KENTUCKY................................ 0.03483 280,044.82 LOUISIANA............................... 0.03170 254,878.58 MAINE................................... 0.00913 73,408.25 MASSACHUSETTS........................... 0.00793 63,759.85 CONNECTICUT............................. 0.00453 36,422.71 RHODE ISLAND............................ 0.00100 8,040.33 MICHIGAN................................ 0.02977 239,360.73 MINNESOTA............................... 0.01673 134,514.78 [[Page 16629]] MISSISSIPPI............................. 0.03180 255,682.61 MISSOURI................................ 0.02460 197,792.21 MONTANA................................. 0.00620 49,850.07 NEBRASKA................................ 0.00713 57,327.58 NEVADA.................................. 0.00263 21,146.08 NEW JERSEY.............................. 0.00657 52,824.99 NEW MEXICO.............................. 0.01437 115,539.59 NEW YORK................................ 0.02753 221,350.38 NORTH CAROLINA.......................... 0.04497 361,573.80 NORTH DAKOTA............................ 0.00413 33,206.58 OHIO.................................... 0.03450 277,391.51 OKLAHOMA................................ 0.01917 154,133.20 OREGON.................................. 0.01423 114,413.95 PENNSYLVANIA............................ 0.03687 296,447.10 PUERTO RICO............................. 0.04923 395,825.62 SOUTH CAROLINA.......................... 0.02690 216,284.97 SOUTH DAKOTA............................ 0.00597 48,000.79 TENNESSEE............................... 0.02973 239,039.12 TEXAS................................... 0.07645 614,683.50 UTAH.................................... 0.00430 34,573.43 VERMONT................................. 0.00403 32,402.54 NEW HAMPSHIRE........................... 0.00503 40,442.88 VIRGINIA................................ 0.02660 213,872.87 WASHINGTON.............................. 0.01743 140,143.01 WEST VIRGINIA........................... 0.01937 155,741.26 WISCONSIN............................... 0.01873 150,595.45 WYOMING................................. 0.00307 24,683.82 DISTR................................... 1.00000 8,040,333.60 N/O RES................................. .............. 957,570.40 EZ/EC/REAP.............................. .............. 595,800.00 ------------------------------- Ttl Avail........................... .............. 9,593,704.00 ------------------------------------------------------------------------ USDA Rural Development State Office Locations--State Directors/HCFP Program Directors ------------------------------------------------------------------------ ------------------------------------------------------------------------- ALABAMA Steve Pelham, Vann McCloud, Sterling Centre, 4121 Carmichael Road, Suite 601, Montgomery, AL 36106-3683, (334) 279-3400 ALASKA Chad Padgett, Deborah Davis, Suite 201, 800 W. Evergreen, Palmer, AK 99645-6539, (907) 761-7705 ARIZONA Eddie Browning, Ernie Wetherbee, Phoenix Corporate Center, 230 North First Avenue, Suite 206, Phoenix, AZ 85003-1706, (602) 280-8755 ARKANSAS Roy Smith, Lawrence McCullough, Room 3416, 700 W. Capitol, Little Rock, AR 72201-3225, (501) 301-3200 CALIFORNIA Benjamin Higgins, Bob Anderson, Agency 4169, 430 G Street, Davis, CA 95616-4169, (530) 792-5800 COLORADO Mike Bennett, Jamie Spakow, Room E100, 655 Parfet Street, Lakewood, CO 80215, (720) 544-2903 DELAWARE & MARYLAND Marlene B. Elliott, Pat Baker, 1221 College Park Drive, Suite 200, Dover, DE 19904, (302) 857-3625 FLORIDA & VIRGIN ISLANDS Jennifer Delattibodier (Acting), Daryl Cooper, P.O. Box 147010, 4440 NW. 25th Place, Gainesville, FL 32614-7010, (352) 338-3435 GEORGIA F. Stone Workman, Douglas Canup, Stephens Federal Building, 355 E. Hancock Avenue, Athens, GA 30601-2768, (706) 546-2162 HAWAII Lorraine Shin, Donald Etes, Room 311, Federal Building, 154 Waianuenue Avenue, Hilo, HI 96720, (808) 933-8309 IDAHO Michael A. Field, Roni Atkins, Suite A1, 9173 W. Barnes Dr., Boise, ID 83709, (208) 378-5600 ILLINOIS Douglas Wilson, Barry Ramsey, 2118 W. Park Court, Suite A, Champaign, IL 61821, (217) 403-6222 INDIANA Robert White, Paul Neumann, 5975 Lakeside Boulevard, Indianapolis, IN 46278, (317) 290-3100 IOWA Mark Reisinger, Tim Helmbrecht, Acting, 873 Federal Bldg., 210 Walnut Street, Des Moines, IA 50309, (515) 284-4663 KANSAS Charles (Chuck) R. Banks, Tim Rogers, 1303 SW. First American Place, Suite 100, Topeka, KS 66604-4040, (785) 271-2700 KENTUCKY Kenneth Slone, Paul Higgins (Acting), Suite 200, 771 Corporate Drive, Lexington, KY 40503, (859) 224-7322 LOUISIANA Clyde Holloway, Debbie Redfearn, 3727 Government Street, Alexandria, LA 71302, (318) 473-7920 MAINE Michael W. Aube, Dale Holmes, P.O. Box 405, 967 Illinois Avenue, Suite 4, Bangor, ME 04402-0405, (207) 990-9118 MASSACHUSETTS/CT/RI David H. Tuttle, 451 West Street, Amherst, MA 01002, (413) 253-4300 [[Page 16630]] MICHIGAN Gene DeRossett, Richard Annis, 3001 Coolidge Road, Suite 200, East Lansing, MI 48823, (517) 324-5100 MINNESOTA Stephen G. Wenzel, Lance Larson, 410 AgriBank Bldg., 375 Jackson Street, St. Paul, MN 55101-1853, (651) 602-7792 MISSISSIPPI George Irvin, Johnny Jones, Federal Bldg., Suite 831, 100 W. Capitol Street, Jackson, MS 39269, (601) 965-4325 MISSOURI Anita J. (Janie) Dunning, Acting, Randy Griffith, Parkade Center, Suite 235, 601 Business Loop 70 West, Columbia, MO 65203, (573) 876-9301 MONTANA Clark Johnson, Debra Chorlton, Suite B, 900 Technology Boulevard, Bozeman, MT 59715, (406) 585-2551 NEBRASKA Scot Blehm, Byron Fischer, Federal Bldg., Room 152, 100 Centennial Mall N., Lincoln, NE 68508, (402) 437-5551 NEVADA Larry J. Smith, Bill Brewer, 1390 South Curry Street, Carson City, NV 89703, (775) 887-1222 NEW JERSEY Andrew (Andy) M.G. Law, George Hyatt, 5th Floor N. Suite 500, 8000 Midlantic Drive, Mt. Laurel, NJ 08054, (856) 787-7700 NEW MEXICO Ryan Gleason, Art Garcia, Room 255, 6200 Jefferson Street, NE., Albuquerque, NM 87109, (505) 761-4973 NEW YORK Patrick Brennan, Jennifer Jackson, The Galleries of Syracuse, 441 S. Salina Street, Suite 357, Syracuse, NY 13202-2541, (315) 477-6417 NORTH CAROLINA John Cooper, Mel Ellis, Suite 260, 4405 Bland Road, Raleigh, NC 27609, (919) 873-2000 NORTH DAKOTA Clare Carlson, Mark Wax, Federal Bldg., Room 208, 220 East Rooser, P.O. Box 1737, Bismarck, ND 58502-1737, (701) 530-2061 OHIO Randall Hunt, Gerald Arnott, Federal Bldg., Room 507, 200 N. High Street, Columbus, OH 43215-2477, (614) 255-2500 OKLAHOMA Brent J. Kisling, Tommy Earls, Suite 108, 100 USDA, Stillwater, OK 74074- 2654, (405) 742-1000 OREGON Mark Simmons, Rod Hansen, 1201 NE. Lloyd Blvd., Suite 801, Portland, OR 97232, (503) 414-3300 PENNSYLVANIA Gary Groves, Frank Wetherhold, Suite 330, One Credit Union Place, Harrisburg, PA 17110-2996, (717) 237-2299 PUERTO RICO Jose Otero-Garcia, Pedro Gomez, IBM Building, Suite 601, 654 Munoz Rivera Avenue, San Juan, PR 00936-6106, (787) 766-5095 SOUTH CAROLINA Tee Miller, Herbert Koon, Strom Thurmond Federal Bldg., 1835 Assembly Street, Room 1007, Columbia, SC 29201, (803) 765-5163 SOUTH DAKOTA Mike Jaspers, Roger Hazuka, Federal Bldg., Room 210, 200 Fourth Street, SW., Huron, SD 57350, (605) 352-1100 TENNESSEE Mary (Ruth) Tackett, Donald L. Harris, Suite 300, 3322 W. End Avenue, Nashville, TN 37203-1084, (615) 783-1300 TEXAS Scooter Brockette, Acting, Scooter Brockette, Federal Bldg., Suite 102, 101 S. Main, Temple, TX 76501, (254) 742-9700 UTAH John R. Cox, Dave Brown, Wallace F. Bennett Federal Bldg., 125 S. State Street, Room 4311, Salt Lake City, UT 84147, (801) 524-4320 VERMONT & NEW HAMPSHIRE Jolinda H. LaClair, Bob McDonald, City Center, 3rd Floor, 89 Main Street, Montpelier, VT 05602, (802) 828-6000 VIRGINIA Ellen M. Davis, James Reid, 1606 Santa Rosa Road, Suite 238, Richmond, VA 23229-5014, (804) 287-1598 WASHINGTON Jon DeVaney, Robert Lund, Suite B, 1835 Black Lake Blvd., SW. Olympia, WA 98512-5715, (360) 704-7740 WEST VIRGINIA Rick Rice, Dianne Crysler, Federal Bldg., Room 320, 75 High Street, Morgantown, WV 26505-7500, (304) 284-4860 WISCONSIN Frank Frassetto, 4949 Kirschling Court, Stevens Point, WI 54481, (715) 345-7600 WYOMING Del Tinsley, Alan Brooks, Federal Building, Room 1005, 100 East B, P.O. Box 11005, Casper, WY 82602, (307) 233-6700 ------------------------------------------------------------------------ HCFP--Fiscal Year 2008--Section 502 Direct Rural Housing Loans [Allocations in thousands] ------------------------------------------------------------------------ State basic Total FY 2008 State formula factor allocation ------------------------------------------------------------------------ ALABAMA................................. 0.02893348 $18,168 ALASKA.................................. 0.00623983 7,055 ARIZONA................................. 0.01551438 11,597 ARKANSAS................................ 0.02202430 14,785 CALIFORNIA.............................. 0.04281159 24,964 COLORADO................................ 0.01225178 9,999 CONNECTICUT............................. 0.00445853 6,183 DELAWARE................................ 0.00293815 5,439 FLORIDA................................. 0.02769317 17,561 GEORGIA................................. 0.03803061 22,623 HAWAII.................................. 0.00623301 7,052 IDAHO................................... 0.00847438 8,150 ILLINOIS................................ 0.02627571 16,866 INDIANA................................. 0.02616726 16,813 IOWA.................................... 0.01764334 12,639 KANSAS.................................. 0.01336777 10,546 KENTUCKY................................ 0.02807301 17,747 LOUISIANA............................... 0.02361424 15,563 [[Page 16631]] MAINE................................... 0.01109070 9,431 MARYLAND................................ 0.01010209 8,947 MASSACHUSETTS........................... 0.00622585 7,049 MICHIGAN................................ 0.03579346 21,527 MINNESOTA............................... 0.02361828 15,565 MISSISSIPPI............................. 0.02636473 16,910 MISSOURI................................ 0.02809053 17,755 MONTANA................................. 0.00738806 7,618 NEBRASKA................................ 0.00953784 8,670 NEVADA.................................. 0.00339314 5,662 NEW HAMPSHIRE........................... 0.00666198 7,262 NEW JERSEY.............................. 0.00551402 6,700 NEW MEXICO.............................. 0.01296637 10,349 NEW YORK................................ 0.03378933 20,546 NORTH CAROLINA.......................... 0.05148079 29,209 NORTH DAKOTA............................ 0.00469453 6,299 OHIO.................................... 0.03725173 22,241 OKLAHOMA................................ 0.02019475 13,889 OREGON.................................. 0.01654303 12,101 PENNSYLVANIA............................ 0.04269918 24,909 PUERTO RICO............................. 0.00884495 10,123 RHODE ISLAND............................ 0.00090026 4,441 SOUTH CAROLINA.......................... 0.02669849 17,074 SOUTH DAKOTA............................ 0.00705037 7,452 TENNESSEE............................... 0.03062418 18,996 TEXAS................................... 0.07365688 40,068 UTAH.................................... 0.00500465 6,451 VERMONT................................. 0.00579860 6,839 VIRGIN ISLANDS.......................... 0.00217552 5,065 VIRGINIA................................ 0.02711459 17,277 WASHINGTON.............................. 0.01939199 13,496 WEST PAC ISLANDS........................ 0.00239453 2,000 WEST VIRGINIA........................... 0.01591004 11,791 WISCONSIN............................... 0.02634031 16,898 WYOMING................................. 0.00393497 5,927 ------------------------------- State Totals........................ .............. 702,285 100 Underserved Counties/Colonias... .............. 56,074 Empowerment Zones and Enterprise .............. 17,978 Community Set-Aside................ General Reserve..................... .............. 170,149 Self Help........................... .............. 175,000 ------------------------------- Total........................... .............. 1,121,485 ------------------------------------------------------------------------ HCFP--Fiscal Year 2008--Section 502 Direct Rural Housing Loans [Allocation in thousands] ---------------------------------------------------------------------------------------------------------------- Very low Total FY 2008 income Low income State allocation allocation 45 allocation 55 percent percent ---------------------------------------------------------------------------------------------------------------- 1 ALABAMA....................................................... $18,168 $8,176 $9,992 60 ALASKA....................................................... 7,055 3,175 3,880 2 ARIZONA....................................................... 11,597 5,219 6,378 3 ARKANSAS...................................................... 14,785 6,653 8,132 4 CALIFORNIA.................................................... 24,964 11,234 13,730 5 COLORADO...................................................... 9,999 4,500 5,499 6 CONNECTICUT................................................... 6,183 2,782 3,401 7 DELAWARE...................................................... 5,439 2,448 2,991 9 FLORIDA....................................................... 17,561 7,902 9,659 10 GEORGIA...................................................... 22,623 10,180 12,443 61 HAWAII....................................................... 7,052 3,173 3,879 12 IDAHO........................................................ 8,150 3,668 4,483 13 ILLINOIS..................................................... 16,866 7,590 9,276 15 INDIANA...................................................... 16,813 7,566 9,247 16 IOWA......................................................... 12,639 5,688 6,951 18 KANSAS....................................................... 10,546 4,746 5,800 20 KENTUCKY..................................................... 17,747 7,986 9,761 [[Page 16632]] 22 LOUISIANA.................................................... 15,563 7,003 8,560 23 MAINE........................................................ 9,431 4,244 5,187 24 MARYLAND..................................................... 8,947 4,026 4,921 25 MASSACHUSETTS................................................ 7,049 3,172 3,877 26 MICHIGAN..................................................... 21,527 9,687 11,840 27 MINNESOTA.................................................... 15,565 7,004 8,561 28 MISSISSIPPI.................................................. 16,910 7,610 9,301 29 MISSOURI..................................................... 17,755 7,990 9,765 31 MONTANA...................................................... 7,618 3,428 4,190 32 NEBRASKA..................................................... 8,670 3,902 4,769 33 NEVADA....................................................... 5,662 2,548 3,114 34 NEW HAMPSHIRE................................................ 7,262 3,268 3,994 35 NEW JERSY.................................................... 6,700 3,015 3,685 36 NEW MEXICO................................................... 10,349 4,657 5,692 37 NEW YORK..................................................... 20,546 9,246 11,300 38 NORTH CAROLINA............................................... 29,209 13,144 16,065 40 NORTH DAKOTA................................................. 6,299 2,835 3,464 41 OHIO......................................................... 22,241 10,008 12,233 42 OKLAHOMA..................................................... 13,889 6,250 7,639 43 OREGON....................................................... 12,101 5,445 6,656 44 PENNSYLVANIA................................................. 24,909 11,209 13,700 63 PUERTO RICO.................................................. 10,123 4,555 5,568 45 RHODE ISLAND................................................. 4,441 1,998 2,443 46 SOUTH CAROLINA............................................... 17,074 7,683 9,391 47 SOUTH DAKOTA................................................. 7,452 3,353 4,099 48 TENNESSEE.................................................... 18,996 8,548 10,448 49 TEXAS........................................................ 40,068 18,031 22,037 52 UTAH......................................................... 6,451 2,903 3,548 53 VERMONT...................................................... 6,839 3,078 3,761 64 VIRGIN ISLANDS............................................... 5,065 2,279 2,786 54 VIRGINIA..................................................... 17,277 7,775 9,502 56 WASHINGTON................................................... 13,496 6,073 7,423 62 WEST PAC ISLANDS............................................. 2,000 900 1,100 57 WEST VIRGINIA................................................ 11,791 5,306 6,485 58 WISCONSIN.................................................... 16,898 7,604 9,294 59 WYOMING...................................................... 5,927 2,667 3,260 ----------------------------------------------- State Totals................................................ 702,285 316,028 386,257 100 Underserved Counties/Colonias........................... 56,074 25,233 30,841 EZ/EC/REAP Reserve.......................................... 17,978 8,090 9,888 General Reserve............................................. 170,149 76,567 93,582 Self Help................................................... 175,000 78,750 96,250 ----------------------------------------------- Total................................................... 1,121,485 504,668 616,817 ---------------------------------------------------------------------------------------------------------------- HCFP--Fiscal Year 2008--Section 502 Guaranteed Purchase Loans (Nonsubsidized) [Allocation in actual dollars] ---------------------------------------------------------------------------------------------------------------- Additional State basic FY 2008 state administrative Total FY 2008 State formula factor basic formula allocation FY allocation allocation 2008 ---------------------------------------------------------------------------------------------------------------- Alabama......................................... 0.02657575 $66,439,375 $0 $66,439,375 Alaska.......................................... 0.00722325 18,058,125 10,937,359 28,995,484 Arizona......................................... 0.01640900 41,022,500 0 41,022,500 Arkansas........................................ 0.02282102 57,052,550 63,553,262 120,605,812 California...................................... 0.05030996 125,774,900 0 125,774,900 Colorado........................................ 0.01357525 33,938,125 0 33,938,125 Connecticut..................................... 0.00408986 10,224,650 0 10,224,650 Delaware........................................ 0.00276106 6,902,650 1,713,350 8,616,000 Florida......................................... 0.02650361 66,259,025 0 66,259,025 Georgia......................................... 0.03793281 94,832,025 0 94,832,025 Hawaii.......................................... 0.00796215 19,905,375 0 19,905,375 Idaho........................................... 0.00888491 22,212,275 5,620,284 27,832,559 Illinois........................................ 0.02591265 64,781,625 129,541,273 194,322,898 Indiana......................................... 0.02361952 59,048,800 0 59,048,800 [[Page 16633]] Iowa............................................ 0.01674764 $41,869,100 $11,998,164 $53,867,264 Kansas.......................................... 0.01333450 33,336,250 36,218,726 69,554,976 Kentucky........................................ 0.02667768 66,694,200 38,659,598 105,353,798 Louisiana....................................... 0.02306785 57,669,625 0 57,669,625 Maine........................................... 0.01154316 28,857,900 13,702,932 42,560,832 Maryland........................................ 0.00944838 23,620,950 4,968,254 28,589,204 Massachusetts................................... 0.00620846 15,521,150 0 15,521,150 Michigan........................................ 0.03318174 82,954,350 98,230,746 181,185,096 Minnesota....................................... 0.02265572 56,639,300 75,312,997 131,952,297 Mississippi..................................... 0.02650848 66,271,200 0 66,271,200 Missouri........................................ 0.02830414 70,760,350 69,488,422 140,248,772 Montana......................................... 0.00778549 19,463,725 17,437,568 36,901,293 Nebraska........................................ 0.00963559 24,088,975 4,998,792 29,087,767 Nevada.......................................... 0.00373060 9,326,500 0 9,326,500 New Hampshire................................... 0.00696793 17,419,825 0 17,419,825 New Jersey...................................... 0.00489407 12,235,175 4,339,860 16,575,035 New Mexico...................................... 0.01349689 33,742,225 0 33,742,225 New York........................................ 0.03640605 91,015,125 0 91,015,125 North Carolina.................................. 0.05076681 126,917,025 0 126,917,025 North Dakota.................................... 0.00440032 11,000,800 2,080,579 13,081,379 Ohio............................................ 0.03518978 87,974,450 2,418,898 90,393,348 Oklahoma........................................ 0.02008600 50,215,000 10,401,466 60,616,466 Oregon.......................................... 0.01909631 47,740,775 0 47,740,775 Pennsylvania.................................... 0.04089133 102,228,325 0 102,228,325 Puerto Rico..................................... 0.00919939 22,998,475 131,612,371 154,610,846 Rhode Island.................................... 0.00075627 1,890,675 0 1,890,675 South Carolina.................................. 0.02526494 63,162,350 0 63,162,350 South Dakota.................................... 0.00751015 18,775,375 53,138,707 71,914,082 Tennessee....................................... 0.02902148 72,553,700 45,526,777 118,080,477 Texas........................................... 0.07276234 181,905,850 0 181,905,850 Utah............................................ 0.00510515 12,762,875 11,985,564 24,748,439 Vermont......................................... 0.00663633 16,590,825 0 16,590,825 Virgin Islands.................................. 0.00306743 7,668,575 0 7,668,575 Virginia........................................ 0.02554389 63,859,725 37,186,762 101,046,487 Washington...................................... 0.02205374 55,134,350 0 55,134,350 West Pac........................................ N/A 0 8,298,821 8,298,821 West Virginia................................... 0.01502432 37,560,800 8,274,490 45,835,290 Wisconsin....................................... 0.02575423 64,385,575 9,211,203 73,596,778 Wyoming......................................... 0.00395173 9,879,325 0 9,879,325 --------------------------------------------------------------- State Totals................................ .............. .............. .............. 3,400,000,000 General Reserve............................. .............. .............. .............. 1,090,994,365 Special Outreach Areas Reserve.............. .............. .............. .............. 467,569,014 --------------------------------------------------------------- Total................................... .............. .............. .............. 4,958,563,379 ---------------------------------------------------------------------------------------------------------------- **Total includes FY 2007 Carryover and Rescission. HCFP--Fiscal Year 2008--Section 502 Guaranteed Refinance Loans (Nonsubsidized) [Allocation in actual dollars] ------------------------------------------------------------------------ State basic Total FY 2008 State formula factor allocation ------------------------------------------------------------------------ Alabama................................. N/A $0 Alaska.................................. N/A 0 Arizona................................. N/A 0 Arkansas................................ N/A 0 California.............................. N/A 0 Colorado................................ N/A 0 Connecticut............................. N/A 0 Delaware................................ N/A 0 Florida................................. N/A 0 Georgia................................. N/A 0 Hawaii.................................. N/A 0 Idaho................................... N/A 0 Illinois................................ N/A 0 Indiana................................. N/A 0 [[Page 16634]] Iowa.................................... N/A 0 Kansas.................................. N/A 0 Kentucky................................ N/A 0 Louisiana............................... N/A 0 Maine................................... N/A 0 Maryland................................ N/A 0 Massachusetts........................... N/A 0 Michigan................................ N/A 0 Minnesota............................... N/A 0 Mississippi............................. N/A 0 Missouri................................ N/A 0 Montana................................. N/A 0 Nebraska................................ N/A 0 Nevada.................................. N/A 0 New Hampshire........................... N/A 0 New Jersey.............................. N/A 0 New Mexico.............................. N/A 0 New York................................ N/A 0 North Carolina.......................... N/A 0 North Dakota............................ N/A 0 Ohio.................................... N/A 0 Oklahoma................................ N/A 0 Oregon.................................. N/A 0 Pennsylvania............................ N/A 0 Puerto Rico............................. N/A 0 Rhode Island............................ N/A 0 South Carolina.......................... N/A 0 South Dakota............................ N/A 0 Tennessee............................... N/A 0 Texas................................... N/A 0 Utah.................................... N/A 0 Vermont................................. N/A 0 Virgin Islands.......................... N/A 0 Virginia................................ N/A 0 Washington.............................. N/A 0 West Pac................................ N/A 0 West Virginia........................... N/A 0 Wisconsin............................... N/A 0 Wyoming................................. N/A