Notice of Availability of Funds; Multi-Family Housing, Single Family Housing, 30337-30357 [07-2682]

Download as PDF 30337 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices Official agency Headquarters location and telephone Designation start–end East Indiana .......................................... Fremont ................................................. Muncie, IN, 765–289–1206 .................................................................................. Fremont, NE, 402–721–1270 ............................................................................... Additional locations: Denison, IA ......................................................................... Savage, MN, 952–808–8566 ............................................................................... West Lafayette, IN 765–497–2202 ...................................................................... 7/01/2007–6/30/2010 7/01/2007–6/30/2010 State Grain ............................................ Titus ...................................................... Authority: 7 U.S.C. 71 et seq. James E. Link, Administrator , Grain Inspection, Packers and Stockyards Administration. [FR Doc. 07–2720 Filed 5–30–07; 8:45 am] BILLING CODE 3410–KD–U DEPARTMENT OF AGRICULTURE Rural Housing Service Notice of Availability of Funds; MultiFamily Housing, Single Family Housing Rural Housing Service, USDA. Notice. AGENCY: ACTION: SUMMARY: The Rural Housing Service (RHS) announces the availability of housing funds for fiscal year (FY) 2007. 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. Unless otherwise indicated below, applications are accepted yearround at a local Rural Development office. Effective Date: May 31, 2007. FOR FURTHER INFORMATION CONTACT: For information on applying for assistance, visit our Internet Web site at http:// offices.sc.egov.usda.gov and select your State. You may also check the blue pages in your local telephone directory under ‘‘Rural Development’’ for the office serving your area. DATES: For information regarding this notice contact Myron Wooden, Loan Assistant, 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 Housing programs are distributed to the States. Interested applicants are encouraged to contact the local USDA Rural Development office for more information and application information. Please visit http:// offices.sc.egov.usda.gov for the Rural Development office nearest you. 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 7/01/2007–12/31/2008 7/01/2007–6/30/2010 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 USDA 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 2007. Allocation computations have been performed in accordance with 7 CFR 1940.575 and 1940.578. For FY 2007, 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 2007 are as follows: sroberts on PROD1PC70 with NOTICES MFH Loan Programs Credit Sales .................................................................................................................................................. Section 514 Farm Labor Housing (LH) loans* .............................................................................................................................. Section 515 Rural Rental Housing (RRH) loans .......................................................................................................................... Section 521 Rental Assistance (RA) and 502(c)(5)(C) Advance ................................................................................................. Section 516 LH grants .................................................................................................................................................................. Sections 525 Technical and Supervisory Assistance grants (TSA) and 509 Housing Application Packaging grants (HAPG) (Shared between single and multi-family housing) ...................................................................................................................... Section 533 Housing Preservation grants (HPG)** ...................................................................................................................... Section 538 Guaranteed Rural Rental Housing Program ............................................................................................................ Preservation Revolving Loan Fund Demonstration Program .......................................................................................................... Section 515 Multi-Family Housing Preservation and Revitalization Restructuring Demonstration (MPR)*** .............................. Rural Housing Voucher Program .................................................................................................................................................... * Does Not Include Carryover Funds. ** Includes Carryover Funds. *** State at the budget authority level, rather than at the program level. VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00006 Fmt 4703 Sfmt 4703 E:\FR\FM\31MYN1.SGM 31MYN1 $1,484,998 38,116,886 99,000,000 616,020,000 13,860,000 990,000 10,125,728 99,000,000 6,300,769 8,910,000 15,840,000 30338 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices II. Funds Not Allocated to States A. Credit Sales Authority. For FY 2007, $1,484,988 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. Multi-family Housing Preservation and Revitalization Restructing Demonstration Program (MPR). The MPR Program is designed to preserve and revitalize Section 515 multi-family rental 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 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. A. Section 514 Farm LH Loans 1. These loans are funded in accordance with 7 CFR 1940.579(a). FY 2007 Appropriation ......... Available for Off-Farm Loans Available for On-Farm Loans National Office Reserve ....... 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 2007 Appropriation ..................................................................................................................................................................... Available for LH Grants for Off-Farm .............................................................................................................................................. National Office Reserve ................................................................................................................................................................... 2. Labor Housing grant funds for OffFarm 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 a LH loan of at least 5 percent of the sroberts on PROD1PC70 with NOTICES VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 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 $2,655,463 has been earmarked for loan requests to develop units in EZ or EC communities or REAP Zones until June 30, 2007. 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. 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 2007 MPR NOFA. PO 00000 Frm 00007 Fmt 4703 Sfmt 4703 $13,860,000 10,491,000 3,369,960 total development cost. Projects without a LH loan cannot receive RA. IV. Section 515 RRH Loan Funds FY 2007 Section 515 Rural Rental Housing allocation (Total) ....................................................................................................... New Construction funds and set-asides .................................................................................................................................. New construction loans ..................................................................................................................................................... Set-aside for nonprofits ..................................................................................................................................................... Set-aside for underserved counties and colonias ............................................................................................................. Earmark for EZ, EC, or REAP Zones ............................................................................................................................... State RA designated reserve ............................................................................................................................................ Rehab and repair funds and equity .......................................................................................................................................... Rehab and repair loans ..................................................................................................................................................... Designated equity loan reserve ........................................................................................................................................ General Reserve ...................................................................................................................................................................... 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 $8,234,537 has been set aside for nonprofit applicants. All Nonprofit loan proposals must be located in designated places as defined in 7 CFR part 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 $38,116,886 31,937,082 2,000,000 4,179,804 $99,000,000 25,740,000 8,234,537 8,910,000 4,950,000 2,655,463 990,000 53,460,000 48,510,000 4,950,000 19,800,000 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 part 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 E:\FR\FM\31MYN1.SGM 31MYN1 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 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 emergencies, RH 30339 cooperatives or group homes, or RRH preservation. V. Section 533 HPG Total Available (Includes carryover funds) ...................................................................................................................................... Less General Reserve ..................................................................................................................................................................... Less Earmark for EZ, EC or REAP Zones ...................................................................................................................................... $10,125,728 1,012,572 594,000 Total Available for Distribution ................................................................................................................................................. 8,519,155 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, 2007. 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 2007. 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 2007 are as follows: Section 502 Guaranteed Rural Housing (RH) loans: Nonsubsidized Guarantees—Purchase ............................................................................................................. Nonsubsidized Guarantees—Refinance ............................................................................................................ Section 502 Direct RH loans ................................................................................................................................... Credit sales (Nonprogram) ........................................................................................................................................ Section 504 Housing repair loans ........................................................................................................................... Section 504 Housing repair grants ......................................................................................................................... Section 509 Compensation for construction defects .............................................................................................. Section 523 Mutual and self-help housing grants .................................................................................................. Section 523 Self-Help Site Loans ........................................................................................................................... Section 524 RH site loans ...................................................................................................................................... Section 306C Water and waste disposal grants ..................................................................................................... Section 525 Supervisory and technical: Assistance and Section 509 Housing Application Packaging Grants ................................................................ .................................................. Total Available for single and multi-family section 525 .............................................................................. **$ 990,000 **$3,439,396,529 ** 204,827,600 * 1,129,390,957 10,000,000 *34,651,692 */**29,601,000 99,000 */**33,660,000 4,998,056 5,000,000 **1,000,000 sroberts on PROD1PC70 with NOTICES * Includes funds for EZ/EC and REAP communities until June 30, 2007. ** 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 509 Compensation for Construction Defects. $99,000 is available for compensation for construction defects. 3. Section 523 Mutual and Self-Help Technical Assistance Grants. $33,660,000 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, 2007. A technical review and analysis must be completed by the Technical and Management Assistance (T&MA) contractor on all predevelopment, new, VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 and existing (refunding) grant applications. 4. Section 523 Mutual and Self-Help Site Loans and Section 524 RH Site Loans. $4,998,056 and $5,000,000 are available for Section 523 Mutual SelfHelp 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 be $1,000,000 for FY 2007. This amount is transferred 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 PO 00000 Frm 00008 Fmt 4703 Sfmt 4703 Packaging Grants (HAPG). $990,000 is available for the TSA and HAPG programs. Funds for TSA grants will be made through a separate NOFA. 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. E:\FR\FM\31MYN1.SGM 31MYN1 30340 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices II. State Allocations A. Section 502 Nonsubsidized Guaranteed RH (GRH) Loans 1. Purchase—Amount Available for Allocation Total Available—Purchase .............................................................................................................................................................. Less National Office General Reserve ..................................................................................................................................... Less Special Outreach Area Reserve ...................................................................................................................................... Basic Formula—Administrative Allocation ....................................................................................................................................... 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 2007 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 ............................................................................................................................................................. Less National office general reserve ............................................................................................................................................... Basic formula—Administrative Allocation ........................................................................................................................................ 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 sroberts on PROD1PC70 with NOTICES VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 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 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 PO 00000 Frm 00009 Fmt 4703 Sfmt 4703 $204,827,600 99,000,000 0 Direct RH Loans 1. Amount Available for Allocation Total Available ................................................................................................................................................................................. Less Required Set Aside for Underserved Counties and Colonias ................................................................................................ EZ, EC and REAP Earmark ............................................................................................................................................................ Less General Reserve ..................................................................................................................................................................... Administrator’s Reserve ................................................................................................................................................................... Hardships & Homelessness ............................................................................................................................................................ Rural Housing Demonstration Program .......................................................................................................................................... Homeownership Partnership ........................................................................................................................................................... Program funds for the sale of REO properties ............................................................................................................................... Less Designated Reserve for Self-Help .......................................................................................................................................... Basic Formula Administrative Allocation ......................................................................................................................................... 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 $170.9 million. Of this amount, the Administrator’s reserve is $32,939,096. 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 $3,439,396,529 1,148,233,612 492,100,119 1,799,062,798 $1,129,390,957 56,469,548 10,857,427 170,939,096 32,939,096 2,000,000 1,000,000 110,000,000 25,000,000 175,000,000 716,124,885 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 E:\FR\FM\31MYN1.SGM 31MYN1 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 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 $10,857,427 has been earmarked until June 30, 2007, 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 2007 appropriation. 1. Amount Available for Allocation Section 504 Loans Total Available ................................................................................................................................................................................. Less 5% for 100 Underserved Counties and Colonias ................................................................................................................... EZ, EC or REAP Zone Earmark ...................................................................................................................................................... Less General Reserve ..................................................................................................................................................................... Basic Formula—Administrative Allocation ....................................................................................................................................... Section 504 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. $1,732,584 and $1,450,350 have been set aside for the 100 underserved counties and colonias until June 30, 2007, for the Section 504 loan and grant programs, respectively. sroberts on PROD1PC70 with NOTICES $34,651,692 1,732,584 586,294 733,915 31,598,899 Grants Total Available ................................................................................................................................................................................. Less 5% for 100 Underserved Counties and Colonias ................................................................................................................... EZ, EC or REAP Zone Earmark ...................................................................................................................................................... Less General Reserve ..................................................................................................................................................................... Basic Formula—Administrative Allocation ....................................................................................................................................... VerDate Aug<31>2005 30341 16:01 May 30, 2007 Jkt 211001 c. Empowerment Zone (EZ) and Enterprise Community (EC) or Rural Economic Area Partnership (REAP) Earmark (Loan Funds Only). $586,294 and $594,000 have been earmarked through June 30, 2007, 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 PO 00000 Frm 00010 Fmt 4703 Sfmt 4703 $29,601,000 1,450,350 594,000 1,649,895 25,906,755 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 E:\FR\FM\31MYN1.SGM 31MYN1 VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00011 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.000</GPH> sroberts on PROD1PC70 with NOTICES 30342 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices sroberts on PROD1PC70 with NOTICES 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. VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation, marital status or family status (not all prohibited basis apply to all programs). Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact the USDA’s Target Center at (202) 720–2600 (voice or TDD). PO 00000 Frm 00012 Fmt 4703 Sfmt 4703 30343 To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326–W, Whitten Building, 1400 Independence Avenue SW., Washington DC 20250–9410, or call toll free, (866) 632–9992 (Voice). TDD users can contact USDA through local relay (800) 720–6382 (TDD) or (866) 377–8642 (relay voice users). USDA is an equal opportunity provider and employer. Dated: May 23, 2007. Thomas E. Hannah, Acting Administrator, Rural Housing Service. BILLING CODE 3410–XV–U E:\FR\FM\31MYN1.SGM 31MYN1 VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00013 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.001</GPH> sroberts on PROD1PC70 with NOTICES 30344 VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00014 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 30345 EN31MY07.002</GPH> sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00015 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.003</GPH> sroberts on PROD1PC70 with NOTICES 30346 VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00016 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 30347 EN31MY07.004</GPH> sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00017 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.005</GPH> sroberts on PROD1PC70 with NOTICES 30348 VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00018 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 30349 EN31MY07.006</GPH> sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00019 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.007</GPH> sroberts on PROD1PC70 with NOTICES 30350 VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00020 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 30351 EN31MY07.008</GPH> sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00021 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.009</GPH> sroberts on PROD1PC70 with NOTICES 30352 VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00022 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 30353 EN31MY07.010</GPH> sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00023 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.011</GPH> sroberts on PROD1PC70 with NOTICES 30354 VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00024 Fmt 4703 Sfmt 4725 E:\FR\FM\31MYN1.SGM 31MYN1 30355 EN31MY07.012</GPH> sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices VerDate Aug<31>2005 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices 16:01 May 30, 2007 Jkt 211001 PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 E:\FR\FM\31MYN1.SGM 31MYN1 EN31MY07.013</GPH> sroberts on PROD1PC70 with NOTICES 30356 Federal Register / Vol. 72, No. 104 / Thursday, May 31, 2007 / Notices [FR Doc. 07–2682 Filed 5–30–07; 8:45 am] BILLING CODE 3410–XV–C DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration Evaluation of State Coastal Management Programs and National Estuarine Research Reserves National Oceanic and Atmospheric Administration (NOAA), Office of Ocean and Coastal Resource Management, National Ocean Service, Commerce. ACTION: Notice of Intent To Evaluate and Notice of Availability of Final Findings. sroberts on PROD1PC70 with NOTICES AGENCY: SUMMARY: The NOAA Office of Ocean and Coastal Resource Management (OCRM) announces its intent to evaluate the performance of the Guana Tolomato Matanzas (Florida) National Estuarine Research Reserve, the San Francisco Bay (California) National Estuarine Research Reserve, the Jacques Cousteau (New Jersey) National Estuarine Research Reserve, the Maryland Coastal Management Program, and the Florida Coastal Management Program. The Coastal Zone Management Program evaluations will be conducted pursuant to section 312 of the Coastal Zone Management Act of 1972, as amended (CZMA) and regulations at 15 CFR part 923, Subpart L. The National Estuarine Research Reserve evaluations will be conducted pursuant to sections 312 and 315 of the CZMA and regulations at 15 CFR Part 921, Subpart E and Part 923, Subpart L. The CZMA requires continuing review of the performance of states with respect to coastal program implementation. Evaluation of Coastal Management Programs and National Estuarine Research Reserves requires findings concerning the extent to which a state has met the national objectives, adhered to its Coastal Management Program document or Reserve final management plan approved by the Secretary of Commerce, and adhered to the terms of financial assistance awards funded under the CZMA. Each evaluation will include a site visit, consideration of public comments, and consultations with interested Federal, state, and local agencies and members of the public. A public meeting will be held as part of each site visit. Notice is hereby given of the dates of the site visits for the listed evaluations, and the dates, local times, and locations of the public meetings during the site visits. VerDate Aug<31>2005 16:01 May 30, 2007 Jkt 211001 Dates and Times: The Guana Tolomato Matanzas (Florida) National Estuarine Research Reserve evaluation site visit will be held July 17–19, 2007. One public meeting will be held during the week. The public meeting will be held on Wednesday, July 18, 2007, at 6 p.m. at the Guana Tolomato Matanzas National Estuarine Research Reserve Environmental Education Center, 505 Guana River Road, Ponte Vedra Beach, Florida. The San Francisco Bay (California) National Estuarine Research Reserve evaluation site visit will be held August 27–30, 2007. One public meeting will be held during the week. The public meeting will be held on Tuesday, August 28, 2007, at 7 p.m. at the Farallon Room, Aquarium of the Bay, Pier 39, The Embarcadero at Beach Street, San Francisco, California. The Jacques Cousteau (New Jersey) National Estuarine Research Reserve evaluation site visit will be held September 11–13, 2007. One public meeting will be held during the week. The public meeting will be held on Wednesday, September 12, 2007, at 7 p.m. at the Jacques Cousteau National Estuarine Research Reserve Coastal Education Center, 130 Great Bay Boulevard, Tuckerton, New Jersey. The Maryland Coastal Management Program evaluation site visit will be held September 10–14, 2007. One public meeting will be held during the week. The public meeting will be held on Monday, September 10, 2007, at 6:30 p.m. at the Maryland Department of Natural Resources, Tawes State Office Building, C–1 Conference Room, 580 Taylor Avenue, Annapolis Maryland. The Florida Coastal Management Program evaluation site visit will be held September 17–21, 2007. One public meeting will be held during the week. The public meeting will be held on Tuesday, September 18, 2007, at 6:30 p.m. at the Florida Department of Environmental Protection, Marjorie Stoneman Douglas Building, Conference Room A, 3900 Commonwealth Boulevard, Tallahassee, Florida. ADDRESSES: Copies of states’ most recent performance reports, as well as OCRM’s evaluation notification and supplemental information request letters to the states, are available upon request from OCRM. Written comments from interested parties regarding these Programs are encouraged and will be accepted until 15 days after the public meeting held for a Program. Please direct written comments to Ralph Cantral, Chief, National Policy and Evaluation Division, Office of Ocean and Coastal Resource Management, PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 30357 NOS/NOAA, 1305 East-West Highway, 10th Floor, N/ORM7, Silver Spring, Maryland 20910. When the evaluation is completed, OCRM will place a notice in the Federal Register announcing the availability of the Final Evaluation Findings. Notice is hereby given of the availability of the final evaluation findings for the Virginia, Georgia, Connecticut, Oregon, Texas, and New Hampshire coastal management programs. Section 312 of the Coastal Zone Management Act of 1972 (CZMA), as amended, requires a continuing review of the performance of coastal states with respect to approval of CMPs. The states of Virginia, Georgia, Connecticut, Oregon, Texas, and New Hampshire were found to be implementing and enforcing their federally approved coastal management programs, addressing the national coastal management objectives identified in CZMA Section 303(2)(A)– (K), and adhering to the programmatic terms of their financial assistance awards. Copies of these final evaluation findings may be obtained upon written request from: Ralph Cantral, Chief, National Policy and Evaluation Division, Office of Ocean and Coastal Resource Management, NOS/NOAA, 1305 East-West Highway, 10th Floor, N/ ORM7, Silver Spring, Maryland 20910, or Ralph.Cantral@noaa.gov. FOR FURTHER INFORMATION CONTACT: Ralph Cantral, Chief, National Policy and Evaluation Division, Office of Ocean and Coastal Resource Management, NOS/NOAA, 1305 EastWest Highway, 10th Floor, N/ORM7, Silver Spring, Maryland 20910, (301) 563–7118. SUPPLEMENTARY INFORMATION: (Federal Domestic Assistance Catalog 11.419 Coastal Zone Management Program Administration) Dated: May 24, 2007. David M. Kennedy, Director, Office of Ocean and Coastal Resource Management, National Ocean Service, National Oceanic and Atmospheric Administration. [FR Doc. E7–10486 Filed 5–30–07; 8:45 am] BILLING CODE 3510–08–P DEPARTMENT OF DEFENSE Department of the Air Force Air University Board of Visitors Meeting ACTION: E:\FR\FM\31MYN1.SGM Notice of open meeting. 31MYN1

Agencies

[Federal Register Volume 72, Number 104 (Thursday, May 31, 2007)]
[Notices]
[Pages 30337-30357]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-2682]


-----------------------------------------------------------------------

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 (RHS) announces the availability of 
housing funds for fiscal year (FY) 2007. 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: Unless otherwise indicated below, applications are accepted 
year-round at a local Rural Development office.
    Effective Date: May 31, 2007.

FOR FURTHER INFORMATION CONTACT: For information on applying for 
assistance, visit our Internet Web site at http://
offices.sc.egov.usda.gov and select your State. You may also check the 
blue pages in your local telephone directory under ``Rural 
Development'' for the office serving your area.
    For information regarding this notice contact Myron Wooden, Loan 
Assistant, 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 Housing programs are 
distributed to the States. Interested applicants are encouraged to 
contact the local USDA Rural Development office for more information 
and application information. Please visit http://
offices.sc.egov.usda.gov for the Rural Development office nearest you.

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 
USDA 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 2007. Allocation computations have been 
performed in accordance with 7 CFR 1940.575 and 1940.578. For FY 2007, 
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 2007 are as follows:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
MFH Loan Programs Credit Sales........................        $1,484,998
Section 514 Farm Labor Housing (LH) loans*............        38,116,886
Section 515 Rural Rental Housing (RRH) loans..........        99,000,000
Section 521 Rental Assistance (RA) and 502(c)(5)(C)          616,020,000
 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)**.......        10,125,728
Section 538 Guaranteed Rural Rental Housing Program...        99,000,000
Preservation Revolving Loan Fund Demonstration Program         6,300,769
Section 515 Multi-Family Housing Preservation and              8,910,000
 Revitalization Restructuring Demonstration (MPR)***..
Rural Housing Voucher Program.........................       15,840,000
------------------------------------------------------------------------
* Does Not Include Carryover Funds.
** Includes Carryover Funds.
*** State at the budget authority level, rather than at the program
  level.


[[Page 30338]]

II. Funds Not Allocated to States

    A. Credit Sales Authority. For FY 2007, $1,484,988 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. Multi-family Housing Preservation and Revitalization Restructing 
Demonstration Program (MPR). The MPR Program is designed to preserve 
and revitalize Section 515 multi-family rental 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 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.
A. Section 514 Farm LH Loans
    1. These loans are funded in accordance with 7 CFR 1940.579(a).

------------------------------------------------------------------------
 
------------------------------------------------------------------------
FY 2007 Appropriation...................................     $38,116,886
Available for Off-Farm Loans............................      31,937,082
Available for On-Farm Loans.............................       2,000,000
National Office Reserve.................................       4,179,804
------------------------------------------------------------------------

    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 2007 Appropriation.................................       $13,860,000
Available for LH Grants for Off-Farm..................        10,491,000
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 a 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 2007 Section 515 Rural Rental Housing allocation          $99,000,000
 (Total)..............................................
    New Construction funds and set-asides.............        25,740,000
        New construction loans........................         8,234,537
        Set-aside for nonprofits......................         8,910,000
        Set-aside for underserved counties and                 4,950,000
         colonias.....................................
        Earmark for EZ, EC, or REAP Zones.............         2,655,463
        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 $8,234,537 has been set aside 
for nonprofit applicants. All Nonprofit loan proposals must be located 
in designated places as defined in 7 CFR part 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 $2,655,463 has been 
earmarked for loan requests to develop units in EZ or EC communities or 
REAP Zones until June 30, 2007.
    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. 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 2007 MPR NOFA.
    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 part 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

[[Page 30339]]

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

V. Section 533 HPG

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Total Available (Includes carryover funds)............       $10,125,728
Less General Reserve..................................         1,012,572
Less Earmark for EZ, EC or REAP Zones.................           594,000
                                                       -----------------
    Total Available for Distribution..................         8,519,155
------------------------------------------------------------------------

    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, 2007.

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 2007. 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 2007 are as follows:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Section 502 Guaranteed Rural Housing (RH)
 loans:
    Nonsubsidized Guarantees--Purchase....              **$3,439,396,529
    Nonsubsidized Guarantees--Refinance...                ** 204,827,600
Section 502 Direct RH loans...............               * 1,129,390,957
Credit sales (Nonprogram).................                    10,000,000
Section 504 Housing repair loans..........                   *34,651,692
Section 504 Housing repair grants.........                */**29,601,000
Section 509 Compensation for construction                         99,000
 defects..................................
Section 523 Mutual and self-help housing                  */**33,660,000
 grants...................................
Section 523 Self-Help Site Loans..........                     4,998,056
Section 524 RH site loans.................                     5,000,000
Section 306C Water and waste disposal                        **1,000,000
 grants...................................
Section 525 Supervisory and technical:
    Assistance and Section 509 Housing      ............................
     Application Packaging Grants.........
                                           -----------------------------
        Total Available for single and                       **$ 990,000
         multi-family section 525.........
------------------------------------------------------------------------
* Includes funds for EZ/EC and REAP communities until June 30, 2007.
** 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 509 Compensation for Construction Defects. $99,000 is 
available for compensation for construction defects.
    3. Section 523 Mutual and Self-Help Technical Assistance Grants. 
$33,660,000 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, 2007. 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. $4,998,056 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 be $1,000,000 for FY 2007. This amount is transferred 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). $990,000 is 
available for the TSA and HAPG programs. Funds for TSA grants will be 
made through a separate NOFA.
    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.

[[Page 30340]]

II. State Allocations

A. Section 502 Nonsubsidized Guaranteed RH (GRH) Loans
    1. Purchase--Amount Available for Allocation

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Total Available--Purchase.............................    $3,439,396,529
    Less National Office General Reserve..............     1,148,233,612
    Less Special Outreach Area Reserve................       492,100,119
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 2007 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............................      $204,827,600
Less National office general reserve..................        99,000,000
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.......................................    $1,129,390,957
Less Required Set Aside for Underserved Counties and          56,469,548
 Colonias.............................................
EZ, EC and REAP Earmark...............................        10,857,427
Less General Reserve..................................       170,939,096
Administrator's Reserve...............................        32,939,096
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...............       716,124,885
------------------------------------------------------------------------

    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 
$170.9 million. Of this amount, the Administrator's reserve is 
$32,939,096. 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 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

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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 $10,857,427 has 
been earmarked until June 30, 2007, 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 2007 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...........................           586,294
Less General Reserve..................................           733,915
Basic Formula--Administrative Allocation..............        31,598,899
------------------------------------------------------------------------

Section 504 Grants

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Total Available.......................................       $29,601,000
Less 5% for 100 Underserved Counties and Colonias.....         1,450,350
EZ, EC or REAP Zone Earmark...........................           594,000
Less General Reserve..................................         1,649,895
Basic Formula--Administrative Allocation..............        25,906,755
------------------------------------------------------------------------

    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. $1,732,584 and $1,450,350 
have been set aside for the 100 underserved counties and colonias until 
June 30, 2007, 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). $586,294 
and $594,000 have been earmarked through June 30, 2007, 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

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    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, sex, religion, age, disability, political beliefs, 
sexual orientation, marital status or family status (not all prohibited 
basis apply to all programs). Persons with disabilities who require 
alternative means for communication of program information (Braille, 
large print, audiotape, etc.) should contact the USDA's Target Center 
at (202) 720-2600 (voice or TDD).
    To file a complaint of discrimination, write USDA, Director, Office 
of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue 
SW., Washington DC 20250-9410, or call toll free, (866) 632-9992 
(Voice). TDD users can contact USDA through local relay (800) 720-6382 
(TDD) or (866) 377-8642 (relay voice users). USDA is an equal 
opportunity provider and employer.

    Dated: May 23, 2007.
Thomas E. Hannah,
Acting Administrator, Rural Housing Service.
BILLING CODE 3410-XV-U

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[FR Doc. 07-2682 Filed 5-30-07; 8:45 am]
BILLING CODE 3410-XV-C