Notice of Funding Availability (NOFA) for Loan Guarantees Under the Guaranteed Rural Rental Housing Program (GRRHP) for Fiscal Year 2012, 5760-5767 [2012-2539]
Download as PDF
<![CDATA[
mstockstill on DSK4VPTVN1PROD with NOTICES
5760
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
B&I Guaranteed Loan Program. This rate
will apply to all loans obligated in
Fiscal Year 2012 that are made under
the B&I program. As established in 7
CFR 4279.107, the amount of the fee on
each guaranteed loan will be
determined by multiplying the fee rate
by the outstanding principal loan
balance as of December 31, multiplied
by the percent of guarantee.
The Agency has been authorized by
the 2012 Appropriations Bill to charge
a maximum of 3 percent for its
guarantee fee for Fiscal Year 2012. As
such, the guarantee fee for Fiscal Year
2012 will be 3 percent.
As set forth in 7 CFR 4279.107(a) and
4279.119(b)(4), each fiscal year the
Agency shall establish a limit on the
maximum portion of B&I guarantee
authority available for that fiscal year
that may be used to guarantee loans
with a reduced guarantee fee or
guaranteed loans with a guarantee
percentage exceeding 80 percent.
Allowing a reduced guarantee fee or
exceeding the 80 percent guarantee on
certain B&I guaranteed loans that meet
the conditions set forth in 7 CFR
4279.107 and 4279.119 will increase the
Agency’s ability to focus guarantee
assistance on projects that the Agency
has found particularly meritorious. For
reduced guarantee fees, the borrower’s
business must support value-added
agriculture and result in farmers
benefiting financially or must be a high
impact business investment as defined
in 7 CFR 4279.155(b)(5) and be located
in rural communities that remain
persistently poor, that experience longterm population decline and job
deterioration, that are experiencing
trauma as a result of natural disaster, or
that are experiencing fundamental
structural changes in its economic base.
For guaranteed loans exceeding 80
percent, such projects must be a highpriority project in accordance with 7
CFR 4279.155 (and meet the other
requirements of 7 CFR 4279.119(b)).
Not more than 12 percent of the
Agency’s quarterly apportioned B&I
guarantee authority will be reserved for
loan requests with a reduced guarantee
fee, and not more than 15 percent of the
Agency’s quarterly apportioned
guarantee authority will be reserved for
guaranteed loan requests with a
guarantee percentage exceeding 80
percent. Once the respective quarterly
limits are reached, all additional loans
for that quarter will be at the standard
fee and guarantee limits.
DATES: Effective Date: February 6, 2012.
FOR FURTHER INFORMATION CONTACT:
Brenda Griffin, USDA, Rural
Development, Business Programs,
VerDate Mar<15>2010
17:27 Feb 03, 2012
Jkt 226001
Business and Industry Division, STOP
3224, 1400 Independence Avenue SW.,
Washington, DC 20250–3224, telephone
(202) 720–6802, email
brenda.griffin@wdc.usda.gov.
SUPPLEMENTARY INFORMATION: This
action has been reviewed and
determined not to be a rule or regulation
as defined in Executive Order 12866, as
amended by Executive Order 13258.
Dated: January 27, 2012.
Judith A. Canales,
Administrator, Rural Business-Cooperative
Service.
[FR Doc. 2012–2559 Filed 2–3–12; 8:45 am]
BILLING CODE 3410–XY–P
DEPARTMENT OF AGRICULTURE
Rural Housing Service
Notice of Funding Availability (NOFA)
for Loan Guarantees Under the
Guaranteed Rural Rental Housing
Program (GRRHP) for Fiscal Year 2012
Rural Housing Service, USDA.
NOFA.
AGENCY:
ACTION:
This is a request for proposals
for guaranteed loans under the section
538 Guaranteed Rural Rental Housing
Program (GRRHP) pursuant to 7 CFR
3565.4 for Fiscal Year (FY) 2012. The
Consolidated and Further Continuing
Appropriations Act, 2012 (Pub. L. 112–
55) (November 18, 2011) (2012
Appropriations Act) provides FY 2012
funding for the section 538 program at
$130,000,000. The commitment of
program dollars will be made first to
approved and complete applications
from prior years notices, then to
applicants of selected responses in the
order they are ranked under this notice
that have fulfilled the necessary
requirements for obligation.
Expenses incurred in developing
applications will be at the applicant’s
risk. The following paragraphs outline
the timeframes, eligibility requirements,
lender responsibilities, and the overall
response and application processes.
Eligible lenders are invited to submit
responses for new construction and
acquisition with rehabilitation of
affordable rural rental housing. The
Agency will review responses submitted
by eligible lenders, on the lender’s
letterhead, and signed by both the
prospective borrower and lender.
Although a complete application is not
required in response to this Notice,
eligible lenders may submit a complete
application concurrently with the
response. Submitting a complete
application will not have any effect on
the respondent’s NOFA response score.
SUMMARY:
PO 00000
Frm 00006
Fmt 4703
Sfmt 4703
Eligible responses to this notice
will be accepted until December 31,
2012, 12 p.m. Eastern Time. Selected
responses that develop into complete
applications and meet all Federal
eligibility requirements will receive
conditional commitments until all funds
are expended. Selected responses to this
notice that are deemed eligible for
further processing after September 30,
2012, will be funded to the extent an
appropriation act provides funding for
GRRHP for FY 2013 and will be subject
to any additional limitations that may
be in the FY 2013 NOFA.
Eligible lenders mailing a response or
application must provide sufficient time
to permit delivery to the appropriate
submission address below on or before
the closing deadline date and time.
Acceptance by a U.S. Post Office or
private mailer does not constitute
delivery. Postage due responses and
applications will not be accepted.
Submission Address: Eligible lenders
will send responses to the Multi-family
Housing Program Director of the State
Office where the project will be located.
USDA Rural Development State
Offices, their addresses, and telephone
numbers, follow: [this information may
also be found at https://
www.rurdev.usda.gov/recd_map.html]
DATES:
Note: Telephone numbers listed are not
toll-free.
Alabama State Office, Sterling Centre, Suite
601, 4121 Carmichael Road, Montgomery,
AL 36106–3683, (334) 279–3400, TDD
(334) 279–3495.
Alaska State Office, 800 West Evergreen,
Suite 201, Palmer, AK 99645–6539, (907)
761–7740, TDD (907) 761–8905.
Arizona State Office, 230 North First Avenue,
Suite 206, Phoenix, AZ 85003–1706, (602)
280–8755, TDD (602) 280–8706.
Arkansas State Office, 700 W. Capitol
Avenue, Room 3416, Little Rock, AR
72201–3225, (501) 301–3200, TDD (501)
301–3279.
California State Office, 430 G Street, #4169,
Davis, CA 95616–4169, (530) 792–5800,
TDD (530) 792–5848.
Colorado State Office, Denver Federal Center,
Building 56, Room 2300, PO Box 25426,
Denver, CO 80255–0426, (720) 544–2903,
TDD (720) 544–2976.
Connecticut, Served by Massachusetts State
Office. Delaware and Maryland State
Office, 1221 College Park Drive, Suite 200,
Dover, DE 19904, (302) 857–3580, TDD
(302) 857–3585.
Florida & Virgin Islands State Office, 4440
N.W. 25th Place, P.O. Box 147010,
Gainesville, FL 32614–7010, (352) 338–
3400, TDD (352) 338–3499.
Georgia State Office, Stephens Federal
Building, 355 E. Hancock Avenue—Stop
307, Athens, GA 30601–2768, (706) 546–
2162, TDD (706) 546–2034.
Hawaii State Office, (Services all Hawaii,
American Samoa, Guam, and Western
E:\FR\FM\06FEN1.SGM
06FEN1
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
Pacific), Room 311, Federal Building, 154
Waianuenue Avenue, Hilo, HI 96720, (808)
933–8380, TDD (808) 933–8321.
Idaho State Office, 9173 West Barnes Drive,
Suite A1, Boise, ID 83709, (208) 378–5630,
TDD (208) 378–5644.
Illinois State Office, 2118 West Park Court,
Suite A, Champaign, IL 61821–2986, (217)
403–6200, TDD (217) 403–6240.
Indiana State Office, 5975 Lakeside
Boulevard, Indianapolis, IN 46278–1966,
(317) 290–3100 (ext. 4), TDD (317) 290–
3343.
Iowa State Office, 210 Walnut Street, Room
873, Des Moines, IA 50273, (515) 284–
4663, TDD (515) 284–4858.
Kansas State Office, 1303 SW First American
Place, Suite 100, Topeka, KS 66604–4040,
(785) 271–2700, TDD (785) 271–2767.
Kentucky State Office, 771 Corporate Drive,
Suite 200, Lexington, KY 40503, (859) 224–
7300, TDD (859) 224–7422.
Louisiana State Office, 3727 Government
Street, Alexandria, LA 71302, (318) 473–
7921, TDD (318) 473–7655.
Maine State Office, 967 Illinois Avenue,
Suite 4, Bangor, ME 04402–0405, (207)
990–9100 (ext. 4), TDD (207) 942–7331.
Maryland, Served by Delaware State Office.
Massachusetts, Connecticut, & Rhode Island
State Office, 451 West Street, Suite 2,
Amherst, MA 01002, (413) 253–4300, TDD
(413) 253–4590.
Michigan State Office, 3001 Coolidge Road,
Suite 200, East Lansing, MI 48823, (517)
324–5190, TDD (800) 649–3777.
Minnesota State Office, 375 Jackson Street,
Suite 410, St. Paul, MN 55101–1853, (651)
602–7800, TDD (651) 602–7830.
Mississippi State Office, Federal Building,
Suite 831, 100 W. Capitol Street, Jackson,
MS 39269, (601) 965–4318, TDD (601) 965–
5850.
Missouri State Office, 601 Business Loop 70
West, Parkade Center, Suite 235, Columbia,
MO 65203, (573) 876–0976, TDD (573)
876–9480.
Montana State Office, 2229 Boot Hill Court,
Bozeman, MT 59715, (406) 585–2540, TDD
(406) 585–2562.
Nebraska State Office, Federal Building,
Room 152, 100 Centennial Mall N, Lincoln,
NE 68508, (402) 437–5551, TDD (402) 437–
5093.
Nevada State Office, 1390 South Curry Street,
Carson City, NV 89703–9910, (775) 887–
1222 (ext. 100), TDD (775) 885–0633.
New Hampshire State Office, 10 Ferry Street,
Concord, NH 03301–5004, Suite 218, (603)
223–6046, TDD (802) 828–6365.
New Jersey State Office, 8000 Midlantic
Drive, 5th Floor North Suite 500, Mt.
Laurel, NJ 08054, (856) 787–7700, TDD
(856) 787–7784.
New Mexico State Office, 6200 Jefferson
Street NE., Albuquerque, NM 87109, (505)
761–4950, TDD (505) 761–4938.
New York State Office, The Galleries of
Syracuse, 441 S. Salina Street, Suite 357,
Syracuse, NY 13202–2541, (315) 477–6400,
TDD (315) 477–6447.
North Carolina State Office, 4405 Bland
Road, Suite 260, Raleigh, NC 27609, (919)
873–2000, TDD 711 (state relay system).
North Dakota State Office, Federal Building,
Room 208, 220 East Rosser, PO Box 1737,
VerDate Mar<15>2010
17:27 Feb 03, 2012
Jkt 226001
Bismarck, ND 58502, (701) 530–2061, TDD
(701) 530–2090.
Ohio State Office, Federal Building, Room
507, 200 North High Street, Columbus, OH
43215–2477, (614) 255–2400, TDD (800)
877–8339.
Oklahoma State Office, 100 USDA, Suite 108,
Stillwater, OK 74074–2654, (405) 742–
1000, TDD (405) 742–1007.
Oregon State Office, 1201 NE Lloyd
Boulevard, Suite 801, Portland, OR 97232–
1274, (503) 414–3300, TDD (503) 414–
3387.
Pennsylvania State Office, One Credit Union
Place, Suite 330, Harrisburg, PA 17110–
2996, (717) 237–2299, TDD (717) 237–
2261.
Puerto Rico State Office, 654 Munoz Rivera
Avenue, Suite 601, San Juan, PR 00918,
(787) 766–5095, TDD (787) 766–5332.
Rhode Island, Served by Massachusetts State
Office.
South Carolina State Office, Strom
Thurmond Federal Building, 1835
Assembly Street, Room 1007, Columbia, SC
29201, (803) 765–5163, TDD (803) 765–
5697.
South Dakota State Office, Federal Building,
Room 210, 200 Fourth Street, SW., Huron,
SD 57350, (605) 352–1100, TDD (605) 352–
1147.
Tennessee State Office, 3322 West End
Avenue, Suite 300, Nashville, TN 37203,
(615) 783–1300, TDD (615) 783–1397.
Texas State Office, Federal Building, Suite
102, 101 South Main, Temple, TX 76501,
(254) 742–9700, TDD (254) 742–9712.
Utah State Office, Wallace F. Bennett Federal
Building, 125 S. State Street, Room 4438,
Salt Lake City, UT 84138, (801) 524–4320,
TDD (801) 524–3309.
Vermont State Office, City Center, 3rd Floor,
89 Main Street, Montpelier, VT 05602,
(802) 828–6080, TDD (802) 223–6365.
Virgin Islands, Served by Florida State
Office.
Virginia State Office, 1606 Santa Rosa Road,
Suite 238, Richmond, VA 23229, (804)
287–1500, TDD (804) 287–1753.
Washington State Office, 1835 Black Lake
Blvd. SW., Suite B, Olympia, WA 98512,
(360) 704–7740, TDD (360) 704–7772.
Western Pacific Territories, Served by Hawaii
State Office.
West Virginia State Office, Federal Building,
1550 Earl Core Road, Suite 101,
Morgantown, WV 26505, (304) 284–4881,
TDD (304) 284–4836.
Wisconsin State Office, 4949 Kirschling
Court, Stevens Point, WI 54481, (715) 345–
7600, TDD (715) 345–7614.
Wyoming State Office, PO Box 11005,
Casper, WY 82602, (307) 233–6700, TDD
(307) 233–6733.
FOR FURTHER INFORMATION CONTACT:
Monica Cole, Financial and Loan
Analyst, USDA Rural Development
Guaranteed Rural Rental Housing
Program, Multi-Family Housing
Guaranteed Loan Division, U.S.
Department of Agriculture, South
Agriculture Building, Room 1263–S,
STOP 0781, 1400 Independence Avenue
SW., Washington, DC 20250–0781.
Email: monica.cole@wdc.usda.gov.
PO 00000
Frm 00007
Fmt 4703
Sfmt 4703
5761
Telephone: (202) 720–1251. This
number is not toll-free. Hearing or
speech-impaired persons may access
that number by calling the Federal
Information Relay Service toll-free at
(800) 877–8339.
Overview
Federal Agency: Rural Housing
Service.
Solicitation Opportunity Title:
Guaranteed Multi-Family Housing
Loans.
Announcement Type: Initial
Solicitation Announcement.
Catalog of Federal Domestic
Assistance: 10.438.
Dates: Response Deadline: December
31, 2012, 12:00 p.m. Eastern Time.
Funding Opportunity Description
The GRRHP is authorized by section
538 of the Housing Act of 1949, as
amended (42 U.S.C. 1490p–2) and
operates under 7 CFR part 3565. The
GRRHP Origination and Servicing
Handbook (HB–1–3565) is available to
provide lenders and the general public
with guidance on program
administration. HB–1–3565, which
contains a copy of 7 CFR part 3565 in
Appendix 1, can be found at: https://
www.rurdev.usda.gov/Handbooks.html.
The purpose of the GRRHP is to increase
the supply of affordable rural rental
housing through the use of loan
guarantees that encourage partnerships
between the Agency, private lenders,
and public agencies.
Eligibility of Prior Year Selected
NOFA Responses: Prior fiscal year
response selections that did not develop
into complete applications within the
time constraints stipulated by the
corresponding State Office have been
cancelled. Applicants have been
notified of the cancellation by the State
Office. A new response for the project
may be submitted subject to the
conditions of this Notice. Prior years
Notice responses that were selected by
the Agency, with a complete application
submitted by the lender within 90 days
from the date of notification of response
selection (unless an extension was
granted by the Agency), will be eligible
for FY 2012 program dollars without
having to complete a FY 2012 response.
A complete application includes all
Federal environmental documents
required by 7 CFR part 1940, subpart G,
and a Form RD 3565–1 ‘‘Application for
Loan and Guarantee.’’ Any approved
applications originating from FY 2011
and previous fiscal years’ (‘‘outstanding
prior years approved applications’’) that
are obligated in FY 2012, however, are
subject to ‘‘PROGRAM FEES FOR FY
2012’’ in this Notice. Outstanding prior
E:\FR\FM\06FEN1.SGM
06FEN1
mstockstill on DSK4VPTVN1PROD with NOTICES
5762
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
years approved applications will be
obligated to the extent of available
funding in order of priority score with
the highest scores obligated first. The
scores the applications received under
the NOFA the year the application was
submitted will be used for the ranking.
In the case of tied scores, the project
with the greatest leveraging (lowest loan
to cost ratio) will receive selection
priority. Once the outstanding prior
years approved applications have been
funded, the Agency will select FY 2012
responses for further processing in rank
order as determined by the scoring
criteria set forth in this Notice to the
extent that funds remain available.
Qualifying Properties: Qualifying
properties include new construction for
multi-family housing units and the
acquisition of existing structures with a
minimum per unit rehabilitation
expenditure requirement in accordance
with 7 CFR 3565.252.
Also eligible is the revitalization,
repair and transfer (as stipulated in 7
CFR § 3560.406) of existing direct
section 515 housing (transfer costs are
subject to Agency approval and must be
an eligible use of loan proceeds as listed
in 7 CFR 3565.205), and properties
involved in the Agency’s Multi-Family
Preservation and Revitalization (MPR)
program. Equity payment, as stipulated
7 CFR 3560.406, in the transfer of
existing direct section 515 housing, is
an eligible use of guaranteed loan
proceeds; however, the amount of
funding available for transfers of
existing section 515 properties
involving equity payments will be
limited to 25 percent of the FY 2012
funding level through August 31, 2012.
Once the Agency has committed 25
percent of the total funding available for
transfers of existing section 515
properties with equity payments, no
further funding will be available for
transfers of existing section 515
properties with equity payments until
after August 31, 2012, if funding is
available.
If there is funding available after
August 31, 2012, funding requests for
transfers of existing 515 properties
involving equity payments will be
selected for obligation according to the
selection criteria stipulated in the
‘‘OBLIGATION OF PROGRAM FUNDS’’
section of this Notice. Funding requests
for transfers of existing 515 properties
involving equity payments will be kept
in a separate queue. The 25 percent
limit is solely for equity payments and
does not affect 515 properties’ use of
538 loan guarantees exclusively for
rehabilitation and repairs. In order to be
considered, the transfer of direct section
515 housing and MPR projects must
VerDate Mar<15>2010
17:27 Feb 03, 2012
Jkt 226001
need repairs and undergo revitalization
of a minimum of $6,500 per unit.
Eligible Financing Sources: Any form
of Federal, state, and conventional
sources of financing can be used in
conjunction with the loan guarantee,
including Home Investment
Partnerships Program (HOME) grant
funds, tax exempt bonds, and low
income housing tax credits.
Types of Guarantees: The Agency
offers three types of guarantees which
are set forth at 7 CFR 3565.52(c). The
Agency’s liability under any guarantee
will decrease or increase, in proportion
to any decrease or increase in the
amount of the unpaid portion of the
loan, up to the maximum amount
specified in the Loan Note Guarantee.
Penalties incurred as a result of default
are not covered by any of the program’s
guarantees. The Agency may provide a
lesser guarantee based upon its
evaluation of the credit quality of the
loan.
Energy Conservation: All new multifamily housing projects financed in
whole or in part by the USDA, are
encouraged to engage in sustainable
building development that emphasizes
energy-efficiency and conservation. In
order to assist in the achievement of this
goal, any GRRHP project that
participates in one or all of the programs
included in priority 7 under the
‘‘Scoring of Priority Criteria for
Selection of Projects’’ section of this
notice, may receive a maximum of 25
additional points added to their project
score. Participation in these nationwide
initiatives is voluntary, but strongly
encouraged.
Interest Credit: The 2012
Appropriations Act did not fund
interest credit.
Program Fees for FY 2012: The 2012
Appropriations Act provides: ‘‘That to
support the loan program level for
section 538 guaranteed loans made
available under this heading the
Secretary may charge or adjust any fees
to cover the projected cost of such loan
guarantees pursuant to the provisions of
the Credit Reform Act of 1990 (2 U.S.C.
661 et seq), and the interest on such
loans may not be subsidized.’’
The following fees have been
determined necessary to cover the
projected cost of such loan guarantees
for FY 2012. These fees may be adjusted
in future years to cover the projected
costs of loan guarantees in those future
years or additional fees may be charged.
These fees are also applicable to all
outstanding prior years responses
funded with FY 2012 funds. The fees
are as follows:
1. Initial guarantee fee. The Agency
will charge an initial guarantee fee equal
PO 00000
Frm 00008
Fmt 4703
Sfmt 4703
to one percent (1%) of the guarantee
principal amount. For purposes of
calculating this fee, the guarantee
amount is the product of the percentage
of the guarantee times the initial
principal amount of the guaranteed
loan.
2. Annual guarantee fee. An annual
guarantee fee of 50 basis points (onehalf percent) of the outstanding
principal amount of the loan as of
December 31 will be charged each year
or portion of a year that the guarantee
is outstanding.
3. As permitted under 7 CFR
3565.302(b)(5) there is a non-refundable
service fee of $1,500 for the review and
approval of a lender’s first request to
extend the term of a guarantee
commitment beyond its original
expiration (the request must be received
by the Agency prior to the
commitment’s expiration). For any
subsequent extension request, the fee
will be $2,500.
4. As permitted under 7 CFR
3565.302(b)(5) there is a non-refundable
service fee of $3,500 for the review and
approval of a lender’s first request to
reopen an application when a
commitment has expired. For any
subsequent extension request to reopen
an application after the commitment has
expired, the fee will be $3,500.
5. As permitted under 7 CFR
3565.302(b)(4) there is a non-refundable
service fee of $1,500 in connection with
a lender’s request to approve the
transfer of property or a change in
composition of the ownership entity.
6. There is no lender application fee
for lender approval.
7. There is no surcharge for the
guarantee of construction advances.
Eligibility Information
Eligible Lenders: An eligible lender
for the section 538 GRRHP as required
by 7 CFR 3565.102 must be a licensed
business entity or Housing Finance
Agency (HFA) in good standing in the
state or states where it conducts
business. Lender eligibility
requirements are contained in 7 CFR
3565.102. Please review that section for
a complete list of all of the criteria. The
Agency will only accept responses from
GRRHP eligible or approved lenders as
described in 7 CFR 3565.102 and
3565.103 respectively.
GRRHP Lender Approval Application:
Lenders whose responses are selected
will be notified by the USDA Rural
Development to submit a request for
GRRHP lender approval within 30 days
of notification. Lenders who request
GRRHP approval must meet the
standards in the 7 CFR part 3565 and
provide the documentation set forth in
E:\FR\FM\06FEN1.SGM
06FEN1
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
GRRHP Origination and Servicing
Handbook (HB–1–3565) found at
https://www.rurdev.usda.gov/
Handbooks.html#hbw6 (and available in
any local RD office).
Lenders that have received GRRHP
lender approval that remain in good
standing do not need to reapply for
GRRHP lender approval. A lender
making a construction loan must
demonstrate an ability to originate and
service construction loans, in addition
to meeting the other requirements of 7
CFR part 3565, subpart C.
Submission of Documentation for
GRRHP Lender Approval: All lenders
that have not yet received GRRHP
lender approval must submit a complete
lender application to: Director, MultiFamily Housing Guaranteed Loan
Division, Rural Development, U.S.
Department of Agriculture, Room 1263–
S, STOP 0781, 1400 Independence
Avenue SW., Washington, DC 20250–
0781. Lender applications must be
identified as ‘‘Lender Application—
Section 538 Guaranteed Rural Rental
Housing Program’’ on the envelope.
Discussion of NOFA Response
Requirements
Content of NOFA Responses: All
responses require lender information
and project specific data as set out in
this Notice. Incomplete responses will
not be considered for funding. Lenders
will be notified of incomplete responses
no later than 30 calendar days from the
date of receipt of the NOFA response by
the Agency. Complete responses are to
include a signed cover letter from the
lender on the lender’s letterhead to the
office address identified in this Notice
for the scoring and ranking of a
proposed GRRHP project. The lender
must provide the requested information
concerning the project, to establish the
Data element
5763
purpose of the proposed project, its
location, and how it meets the
established priorities for funding. The
Agency will determine the highest
ranked responses based on priority
criteria and a threshold score.
(1) Lender Certification
The lender must certify that the
lender will make a loan to the
prospective borrower for the proposed
project, under specified terms and
conditions subject to the issuance of the
GRRHP guarantee. Lender certification
must be on the lender’s letterhead and
signed by both the lender and the
prospective borrower.
(2) Project Specific Data
The lender must submit the project
specific data below on the lender’s
letterhead, signed by both the lender
and the prospective borrower:
Information that must be included
Insert the lender’s name.
Lender Tax ID #
Insert lender’s tax ID #.
Lender Contact Name
Name of the lender contact for loan.
Mailing Address
Lender’s complete mailing address.
Phone #
Phone # for lender contact.
Fax #
Insert lender’s fax #.
Email Address
Insert lender contact email address.
Borrower Name and Organization Type
State whether borrower is a Limited Partnership, Corporation, Indian Tribe, etc.
Equal Opportunity Survey
Optional Completion.
Tax Classification Type
State whether borrower is for profit, not for profit, etc.
Borrower Tax ID #
Insert borrower’s tax ID #.
Borrower DUNS#
Insert DUNS number.
Borrower Address, including County
mstockstill on DSK4VPTVN1PROD with NOTICES
Lender Name
Insert borrower’s address and county.
Borrower Phone #, fax number and email address
Insert borrower’s phone #, fax number and email address.
Principal or Key Member for the Borrower
Insert name and title. List the general partners if a limited partnership, officers if a corporation or members of a Limited Liability
Corporation.
VerDate Mar<15>2010
21:17 Feb 03, 2012
Jkt 226001
PO 00000
Frm 00009
Fmt 4703
Sfmt 4703
E:\FR\FM\06FEN1.SGM
06FEN1
5764
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
Data element
Information that must be included
Attach relevant information.
New Construction, Acquisition With Rehabilitation
State whether the project is new construction or acquisition with rehabilitation.
Revitalization, Repair, and Transfer (as stipulated in 7 CFR
§ 3560.406) of Existing Direct Section 515 Housing or MPR
Yes or No (Transfer costs, including equity payments, are subject to
Agency approval and must be an eligible use of loan proceeds in
7 CFR § 3565.205).
Project Location Town or City
Town or city in which the project is located.
Project County
County in which the project is located.
Project State
State in which the project is located.
Project Zip Code
Insert zip code.
Project Congressional District
Congressional District for project location.
Project Name
Insert project name.
Project Type
Family, senior (all residents 55 years or older), or mixed.
Property Description and Proposed Development Schedule
Provide as an attachment.
Total Project Development Cost
Enter amount for total project.
# of Units
Insert the # of units in the project.
Ratio of 3–5 bedroom units to total units
Insert percentage of 3–5 bedroom units to total units.
Cost Per Unit
Total development cost divided by # of units.
Rent
Proposed rent structure.
Median Income for Community
Provide median income for the community.
Evidence of Site Control
Attach relevant information.
Description of Any Environmental Issues
Attach relevant information.
Loan Amount
Insert the loan amount.
Borrower’s Proposed Equity
mstockstill on DSK4VPTVN1PROD with NOTICES
Borrower Information and Statement of Housing Development Experience
Insert amount and source.
Tax Credits
Have tax credits been awarded? If tax credits were awarded, submit
a copy of the award/evidence of award with your response.
If not, when do you anticipate an award will be made (announced)?
What is the [estimated] value of the tax credits?
Letters of application and commitment letters should be included, if
available.
VerDate Mar<15>2010
17:27 Feb 03, 2012
Jkt 226001
PO 00000
Frm 00010
Fmt 4703
Sfmt 4703
E:\FR\FM\06FEN1.SGM
06FEN1
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
Data element
5765
Information that must be included
Other Sources of Funds
List all funding sources other than tax credits and amounts for each
source, type, rates and terms of loans or grant funds.
Loan to Total Development Cost
Guaranteed loan divided by the total development costs of project.
Debt Coverage Ratio
Net Operating Income divided by debt service payments.
Percentage of Guarantee
Percentage guarantee requested.
Collateral
Attach relevant information.
Colonia, Tribal Lands, or State’s Consolidated Plan or State Needs
Assessment
Colonia, on an Indian Reservation, or in a place identified in the
State’s Consolidated Plan or State Needs Assessment as a high
need community for multi-family housing.
Is the Property Located in a Federally Declared Disaster Area
If yes, please provide documentation (i.e., Presidential Declaration
document).
Population
Provide the population of the county, city, or town where the
project is or will be located.
What type of guarantee is being requested, Permanent only (Option
1), Construction and Permanent (Option 2) or Continuous (Option
3)?
Enter the type of guarantee.
Loan Term
Minimum 25-year term.
Maximum 40-year term (includes construction period).
May amortize up to 40 years.
Balloon mortgages permitted after the 25th year.
Participation in Energy Efficient Programs
Initial checklist indicating prerequisites to register for participation
in a particular energy efficient program. All checklists must be accompanied by a signed affidavit by the project architect stating
that the goals are achievable. If property management is certified
for green property management, the certification must be provided.
(3) The Proposed Borrower
(a) Lender certification that the
borrower or principals of the owner are
not barred from participating in Federal
housing programs and are not
delinquent on any Federal debt.
(b) Borrower’s unaudited or audited
financial statements.
(c) Statement of borrower’s housing
development experience.
mstockstill on DSK4VPTVN1PROD with NOTICES
(4) Lender Eligibility and Approval
Status
Evidence that the lender is either an
approved lender for the purposes of the
GRRHP or that the lender is eligible to
apply for approved lender status. The
lender’s application for approved lender
status can be submitted with the
response but must be submitted to the
National Office within 30 calendar days
of the lender’s receipt of the ‘‘Notice to
VerDate Mar<15>2010
17:27 Feb 03, 2012
Jkt 226001
Proceed with Application Processing’’
letter.
(5) Competitive Criteria
Information that shows how the
proposal is responsive to the selection
criteria specified in this notice.
Response Review Information
Scoring of Priority Criteria for
Selection of Projects: All 2012 responses
will be scored based on the criteria set
forth below to establish their priority for
further processing. Per 7 CFR 3565.5(b),
priority will be given to projects: In
smaller rural communities, in the most
needy communities having the highest
percentage of leveraging, having the
lowest interest rate, or having the
highest ratio of 3–5 bedroom units to
total units. In addition, as permitted in
7 CFR 3565.5(b), in order to meet
important program goals, priority points
PO 00000
Frm 00011
Fmt 4703
Sfmt 4703
will be given for projects that include
low income housing tax credit (LIHTC)
funding, Section 515 projects with no
equity payments and projects that are
participating in specified energy
efficient programs.
The seven priority scoring criteria for
projects are listed below.
Priority 1—Projects located in eligible
rural communities with the lowest
populations will receive the highest
points.
Population size
0–5,000 .............................................
5,001–10,000 people ........................
10,001–15,000 people ......................
15,001–20,000 people ......................
Points
30
15
10
5
Priority 2—The neediest communities
as determined by the median income
from the most recent census data
published by the United States
E:\FR\FM\06FEN1.SGM
06FEN1
5766
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
prerequisites for each program’s
participation will be met. Additional
points will be awarded for checklists
that achieve higher levels of energy
efficiency certification as set forth
below. All checklists must be
accompanied by a signed affidavit by
the project architect stating that the
Median income
Points goals are achievable. Points will be
(dollars)
awarded for the listed programs as
follows:
Less than $45,000 ............................
20
• Energy Star for Homes—5 points;
$45,000–less than $55,000 ..............
15
• Green Communities by the
$55,000–less than $65,000 ..............
10
$65,000–less than $75,000 ..............
5 Enterprise Community Partners (https://
$75,000 or more ...............................
0 www.enterprisefoundation.org)—10
points;
• LEED for Homes program by the
Priority 3—Projects that demonstrate
U.S. Green Building Council (USGBC)
partnering and leveraging in order to
(https://www.usgbc.org)—Certified (10
develop the maximum number of units
and promote partnerships with state and points), Silver (12 points), Gold (15
points), or Platinum (25 points);
local communities will also receive
• National Association of Home
points. Points will be awarded as
Builders (NAHB) ICC 700–2008—
follows:
National Green Building StandardTM
(https://www.nahb.org)
Loan to total development cost ratio
Points
(percentage %)
Bronze (10 points), Silver (12 points),
Gold (15 points), or Emerald (25 points);
Less than 25 .....................................
60 or
Less than 50 to 25 ...........................
30
• A state or local green building
Less than 70 to 50 ...........................
10
program—20 points
70 or more ........................................
0
(B) Projects that will be managed by
a property management company that
Priority 4—Responses that include
are certified green property management
equity from low income housing tax
companies will receive 5 points.
credits will receive an additional 50
Applicants must provide proof of
points.
certification. Certification may be
Priority 5—The USDA Rural
achieved through one of the following
Development will award points to
programs:
projects with the highest ratio of 3–5
• National Apartment Association,
bedroom units to total units as follows:
Credential for Green Property
Management (CGPM); www.naahq.org/
Ratio of 3–5 bedroom units to total
Points EDUCATION/DESIGNATION
units
PROGRAMS/OTHER/Pages/default.asp;
• National Affordable Housing
More than 50% .................................
10
21%–50% .........................................
5 Management Association (NAHMA),
Less than 21%–more than 0% .........
1 Credential for Green Property
Management (CGPM); www.nahma.org/
Priority 6—Responses for the
content/greencred.html; or
revitalization, repair, and transfer (as
• U.S. Green Building Council
stipulated in 7 CFR 3560.406) of
(USGBC), Green Building Certification
existing direct section 515 housing and
Institute (GBCI) LEED AP (any
properties involved in the Agency’s
discipline) or LEED Green Associate;
MPR program (transfer costs, including
www.gbci.org.
equity payments, are subject to Agency
Notifications: Responses will be
approval and must be an eligible use of
reviewed for completeness and
loan proceeds listed in 7 CFR
eligibility. The USDA Rural
§ 3565.205) will receive an additional 10 Development will notify those lenders
points. If the transfer of existing section whose responses are selected via a
515 properties includes equity
Notice to Proceed with Application
payments, 0 points will be awarded.
Processing letter. The USDA Rural
Priority 7—Energy-Efficiency
Development will request lenders
(A) Projects that are energy-efficient
without GRRHP lender approval to
and registered for participation in the
apply for GRRHP lender approval
following programs will receive points
within 30 days upon receipt of
as indicated up to a maximum of 25
notification of selection.
points. Each program has an initial
Lenders will also be invited to submit
checklist indicating prerequisites for
a complete application to the USDA
participation. Each applicant must
Rural Development State Office where
provide a checklist establishing that the the project is located.
mstockstill on DSK4VPTVN1PROD with NOTICES
Department of Housing and Urban
Development (HUD), will receive
points. The Agency will allocate points
to projects located in communities
having the lowest median income.
Points for median income will be
awarded as follows:
VerDate Mar<15>2010
17:27 Feb 03, 2012
Jkt 226001
PO 00000
Frm 00012
Fmt 4703
Sfmt 4703
Submission of GRRHP Applications:
Notification letters will instruct lenders
to contact the USDA Rural Development
State Office immediately following
notification of selection to schedule
required agency reviews.
USDA Rural Development State Office
staff will work with lenders in the
development of an application package.
The deadline for the submission of a
complete application is 90 calendar
days from the date of notification of
response selection. If the application is
not received by the appropriate State
Office within 90 calendar days from the
date of notification, the selection is
subject to cancellation, thereby allowing
another response that is ready to
proceed with processing to be selected.
The Agency may extend this 90 day
deadline for receipt of an application at
its own discretion.
Award Administration Information
Obligation of Program Funds: The
Agency will only obligate funds to
projects that meet the requirements for
obligation under 7 CFR 3565 and this
Notice, including having undergone a
satisfactory environmental review in
accordance with the National
Environmental Protection Act (NEPA)
and completed Form RD 3565–1 for the
selected project.
The Agency will prioritize the
obligation requests using the highest
score and the procedures outlined as
follows. The Agency will select the
responses that meet eligibility criteria
and invite lenders to submit complete
applications to the Agency. Once a
complete application is received and
approved, the State Office will submit a
request to obligate funds to the National
Office. In the event of a tie, priority will
be given to the request for the project
that: has the highest percentage of
leveraging (lowest Loan to Cost) and in
the event there is still a tie;—is in the
smaller rural community.
Conditional Commitment: Once the
required documents for obligation are
received and all NEPA and regulatory
requirements have been met, the USDA
Rural Development State Office will
issue a conditional commitment, which
stipulates the conditions that must be
fulfilled before the issuance of a
guarantee, in accordance with 7 CFR
3565.303.
Issuance of Guarantee: The USDA
Rural Development Office will issue a
guarantee to the lender for a project in
accordance with 7 CFR 3565.303. No
guarantee can be issued without a
complete application, review of
appropriate certifications, satisfactory
assessment of the appropriate level of
environmental review, and the
E:\FR\FM\06FEN1.SGM
06FEN1
Federal Register / Vol. 77, No. 24 / Monday, February 6, 2012 / Notices
completion of any conditional
requirements.
Non-Discrimination Statement
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, 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: January 27, 2012.
˜
Tammye H. Trevino,
Administrator, Rural Housing Service.
cc:
MFH–GLD—Cole
MFH–GLD–Alonso
MFH–GLD–Steininger
[FR Doc. 2012–2539 Filed 2–3–12; 8:45 am]
BILLING CODE 3410–XV–P
International Trade Administration
[A–588–854]
Certain Tin Mill Products From Japan:
Rescission of Antidumping Duty
Administrative Review
Import Administration,
International Trade Administration,
Department of Commerce.
SUMMARY: In response to a request from
an interested party, the Department of
Commerce (the Department) initiated an
administrative review of the
antidumping duty order covering
certain tin mill products from Japan.
The period of review is August 1, 2010,
through July 31, 2011. Based on the
withdrawal of request from U.S. Steel
Corporation (U.S. Steel), we are now
rescinding this administrative review.
DATES: Effective Date: February 6, 2012.
FOR FURTHER INFORMATION CONTACT: John
Drury or Angelica Mendoza, AD/CVD
Operations, Office 7, Import
Administration, International Trade
mstockstill on DSK4VPTVN1PROD with NOTICES
AGENCY:
17:27 Feb 03, 2012
SUPPLEMENTARY INFORMATION:
Background
On August 1, 2011, the Department
published a notice announcing an
opportunity for interested parties to
request an administrative review of the
antidumping duty order on certain tin
mill products from Japan. See
Antidumping or Countervailing Duty
Order, Finding, or Suspended
Investigation; Opportunity To Request
Administrative Review, 76 FR 45773
(August 1, 2011). On August 31, 2011,
U.S. Steel filed a request that the
Department initiate an administrative
review of the antidumping duty order
on certain tin mill products from Japan
with respect to JFE Steel Corporation,
Kawasaki Steel Corporation, Nippon
Steel Corporation, NKK Corporation,
and Toyo Kohan Co., Ltd. Based on U.S.
Steel’s request, on October 3, 2011, the
Department published a notice of
initiation of the administrative review of
the antidumping duty order on certain
tin mill products from Japan. See
Initiation of Antidumping and
Countervailing Duty Administrative
Reviews and Requests for Revocation in
Part, 76 FR 61076 (October 3, 2011).
Rescission of Review
DEPARTMENT OF COMMERCE
VerDate Mar<15>2010
Administration, U.S. Department of
Commerce, 14th Street and Constitution
Avenue NW., Washington, DC 20230;
telephone: (202) 482–0195 or (202) 482–
3019 respectively.
Jkt 226001
In accordance with 19 CFR
351.213(d)(1), the Department will
rescind an administrative review, ‘‘in
whole or in part, if a party that
requested a review withdraws the
request within 90 days of the date of
publication of notice of initiation of the
requested review. The Secretary may
extend this time limit if the Secretary
decides that it is reasonable to do so.’’
On December 8, 2011, U.S. Steel
withdrew its request for a review of the
order with respect to JFE Steel
Corporation, Kawasaki Steel
Corporation, Nippon Steel Corporation,
NKK Corporation, and Toyo Kohan Co.,
Ltd.
Because of the withdrawal of the
request for review and because we
received no other requests for review,
we are rescinding the administrative
review of the order with respect to JFE
Steel Corporation, Kawasaki Steel
Corporation, Nippon Steel Corporation,
NKK Corporation, and Toyo Kohan Co.,
Ltd. (i.e., all companies). This rescission
is in accordance with 19 CFR
351.213(d)(1).
PO 00000
Frm 00013
Fmt 4703
Sfmt 4703
5767
Assessment
The Department will instruct U.S.
Customs and Border Protection (CBP) to
assess antidumping duties on all
appropriate entries. For these five
companies, the antidumping duties
shall be assessed at rates equal to the
cash deposit of estimated antidumping
duties required at the time of entry, or
withdrawal from warehouse, for
consumption, in accordance with 19
CFR 351.212(c)(1)(i). The Department
intends to issue appropriate assessment
instructions to CBP 15 days after
publication of this notice.
Notifications
This notice serves as a final reminder
to importers of their responsibility
under 19 CFR 351.402(f) to file a
certificate regarding the reimbursement
of antidumping duties prior to
liquidation of the relevant entries
during this review period. Failure to
comply with this requirement could
result in the Department’s presumption
that reimbursement of antidumping
duties occurred and the subsequent
assessment of doubled antidumping
duties.
This notice also serves as a reminder
to parties subject to administrative
protective order (APO) of their
responsibility concerning destruction of
proprietary information disclosed under
an APO in accordance with 19 CFR
351.305(a)(3). Timely written
notification of the destruction of APO
materials or conversion to judicial
protective order is hereby requested.
Failure to comply with the regulations
and terms of an APO is a violation
which is subject to sanction.
This notice is published in
accordance with sections 751(a)(1) and
777(i)(1) of the Tariff Act of 1930, as
amended, and 19 CFR 351.213(d)(4).
Dated: January 30, 2012.
Christian Marsh,
Deputy Assistant Secretary for Antidumping
and Countervailing Duty Operations.
[FR Doc. 2012–2621 Filed 2–3–12; 8:45 am]
BILLING CODE 3510–DS–P
DEPARTMENT OF COMMERCE
International Trade Administration
Application(s) for Duty-Free Entry of
Scientific Instruments
Pursuant to Section 6(c) of the
Educational, Scientific and Cultural
Materials Importation Act of 1966 (Pub.
L. 89–651, as amended by Pub. L. 106–
36; 80 Stat. 897; 15 CFR part 301), we
invite comments on the question of
whether instruments of equivalent
E:\FR\FM\06FEN1.SGM
06FEN1
]]>Agencies
[Federal Register Volume 77, Number 24 (Monday, February 6, 2012)]
[Notices]
[Pages 5760-5767]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-2539]
-----------------------------------------------------------------------
DEPARTMENT OF AGRICULTURE
Rural Housing Service
Notice of Funding Availability (NOFA) for Loan Guarantees Under
the Guaranteed Rural Rental Housing Program (GRRHP) for Fiscal Year
2012
AGENCY: Rural Housing Service, USDA.
ACTION: NOFA.
-----------------------------------------------------------------------
SUMMARY: This is a request for proposals for guaranteed loans under the
section 538 Guaranteed Rural Rental Housing Program (GRRHP) pursuant to
7 CFR 3565.4 for Fiscal Year (FY) 2012. The Consolidated and Further
Continuing Appropriations Act, 2012 (Pub. L. 112-55) (November 18,
2011) (2012 Appropriations Act) provides FY 2012 funding for the
section 538 program at $130,000,000. The commitment of program dollars
will be made first to approved and complete applications from prior
years notices, then to applicants of selected responses in the order
they are ranked under this notice that have fulfilled the necessary
requirements for obligation.
Expenses incurred in developing applications will be at the
applicant's risk. The following paragraphs outline the timeframes,
eligibility requirements, lender responsibilities, and the overall
response and application processes.
Eligible lenders are invited to submit responses for new
construction and acquisition with rehabilitation of affordable rural
rental housing. The Agency will review responses submitted by eligible
lenders, on the lender's letterhead, and signed by both the prospective
borrower and lender. Although a complete application is not required in
response to this Notice, eligible lenders may submit a complete
application concurrently with the response. Submitting a complete
application will not have any effect on the respondent's NOFA response
score.
DATES: Eligible responses to this notice will be accepted until
December 31, 2012, 12 p.m. Eastern Time. Selected responses that
develop into complete applications and meet all Federal eligibility
requirements will receive conditional commitments until all funds are
expended. Selected responses to this notice that are deemed eligible
for further processing after September 30, 2012, will be funded to the
extent an appropriation act provides funding for GRRHP for FY 2013 and
will be subject to any additional limitations that may be in the FY
2013 NOFA.
Eligible lenders mailing a response or application must provide
sufficient time to permit delivery to the appropriate submission
address below on or before the closing deadline date and time.
Acceptance by a U.S. Post Office or private mailer does not constitute
delivery. Postage due responses and applications will not be accepted.
Submission Address: Eligible lenders will send responses to the
Multi-family Housing Program Director of the State Office where the
project will be located.
USDA Rural Development State Offices, their addresses, and
telephone numbers, follow: [this information may also be found at
https://www.rurdev.usda.gov/recd_map.html]
Note: Telephone numbers listed are not toll-free.
Alabama State Office, Sterling Centre, Suite 601, 4121 Carmichael
Road, Montgomery, AL 36106-3683, (334) 279-3400, TDD (334) 279-3495.
Alaska State Office, 800 West Evergreen, Suite 201, Palmer, AK
99645-6539, (907) 761-7740, TDD (907) 761-8905.
Arizona State Office, 230 North First Avenue, Suite 206, Phoenix, AZ
85003-1706, (602) 280-8755, TDD (602) 280-8706.
Arkansas State Office, 700 W. Capitol Avenue, Room 3416, Little
Rock, AR 72201-3225, (501) 301-3200, TDD (501) 301-3279.
California State Office, 430 G Street, 4169, Davis, CA
95616-4169, (530) 792-5800, TDD (530) 792-5848.
Colorado State Office, Denver Federal Center, Building 56, Room
2300, PO Box 25426, Denver, CO 80255-0426, (720) 544-2903, TDD (720)
544-2976.
Connecticut, Served by Massachusetts State Office. Delaware and
Maryland State Office, 1221 College Park Drive, Suite 200, Dover, DE
19904, (302) 857-3580, TDD (302) 857-3585.
Florida & Virgin Islands State Office, 4440 N.W. 25th Place, P.O.
Box 147010, Gainesville, FL 32614-7010, (352) 338-3400, TDD (352)
338-3499.
Georgia State Office, Stephens Federal Building, 355 E. Hancock
Avenue--Stop 307, Athens, GA 30601-2768, (706) 546-2162, TDD (706)
546-2034.
Hawaii State Office, (Services all Hawaii, American Samoa, Guam, and
Western
[[Page 5761]]
Pacific), Room 311, Federal Building, 154 Waianuenue Avenue, Hilo,
HI 96720, (808) 933-8380, TDD (808) 933-8321.
Idaho State Office, 9173 West Barnes Drive, Suite A1, Boise, ID
83709, (208) 378-5630, TDD (208) 378-5644.
Illinois State Office, 2118 West Park Court, Suite A, Champaign, IL
61821-2986, (217) 403-6200, TDD (217) 403-6240.
Indiana State Office, 5975 Lakeside Boulevard, Indianapolis, IN
46278-1966, (317) 290-3100 (ext. 4), TDD (317) 290-3343.
Iowa State Office, 210 Walnut Street, Room 873, Des Moines, IA
50273, (515) 284-4663, TDD (515) 284-4858.
Kansas State Office, 1303 SW First American Place, Suite 100,
Topeka, KS 66604-4040, (785) 271-2700, TDD (785) 271-2767.
Kentucky State Office, 771 Corporate Drive, Suite 200, Lexington, KY
40503, (859) 224-7300, TDD (859) 224-7422.
Louisiana State Office, 3727 Government Street, Alexandria, LA
71302, (318) 473-7921, TDD (318) 473-7655.
Maine State Office, 967 Illinois Avenue, Suite 4, Bangor, ME 04402-
0405, (207) 990-9100 (ext. 4), TDD (207) 942-7331.
Maryland, Served by Delaware State Office.
Massachusetts, Connecticut, & Rhode Island State Office, 451 West
Street, Suite 2, Amherst, MA 01002, (413) 253-4300, TDD (413) 253-
4590.
Michigan State Office, 3001 Coolidge Road, Suite 200, East Lansing,
MI 48823, (517) 324-5190, TDD (800) 649-3777.
Minnesota State Office, 375 Jackson Street, Suite 410, St. Paul, MN
55101-1853, (651) 602-7800, TDD (651) 602-7830.
Mississippi State Office, Federal Building, Suite 831, 100 W.
Capitol Street, Jackson, MS 39269, (601) 965-4318, TDD (601) 965-
5850.
Missouri State Office, 601 Business Loop 70 West, Parkade Center,
Suite 235, Columbia, MO 65203, (573) 876-0976, TDD (573) 876-9480.
Montana State Office, 2229 Boot Hill Court, Bozeman, MT 59715, (406)
585-2540, TDD (406) 585-2562.
Nebraska State Office, Federal Building, Room 152, 100 Centennial
Mall N, Lincoln, NE 68508, (402) 437-5551, TDD (402) 437-5093.
Nevada State Office, 1390 South Curry Street, Carson City, NV 89703-
9910, (775) 887-1222 (ext. 100), TDD (775) 885-0633.
New Hampshire State Office, 10 Ferry Street, Concord, NH 03301-5004,
Suite 218, (603) 223-6046, TDD (802) 828-6365.
New Jersey State Office, 8000 Midlantic Drive, 5th Floor North Suite
500, Mt. Laurel, NJ 08054, (856) 787-7700, TDD (856) 787-7784.
New Mexico State Office, 6200 Jefferson Street NE., Albuquerque, NM
87109, (505) 761-4950, TDD (505) 761-4938.
New York State Office, The Galleries of Syracuse, 441 S. Salina
Street, Suite 357, Syracuse, NY 13202-2541, (315) 477-6400, TDD
(315) 477-6447.
North Carolina State Office, 4405 Bland Road, Suite 260, Raleigh, NC
27609, (919) 873-2000, TDD 711 (state relay system).
North Dakota State Office, Federal Building, Room 208, 220 East
Rosser, PO Box 1737, Bismarck, ND 58502, (701) 530-2061, TDD (701)
530-2090.
Ohio State Office, Federal Building, Room 507, 200 North High
Street, Columbus, OH 43215-2477, (614) 255-2400, TDD (800) 877-8339.
Oklahoma State Office, 100 USDA, Suite 108, Stillwater, OK 74074-
2654, (405) 742-1000, TDD (405) 742-1007.
Oregon State Office, 1201 NE Lloyd Boulevard, Suite 801, Portland,
OR 97232-1274, (503) 414-3300, TDD (503) 414-3387.
Pennsylvania State Office, One Credit Union Place, Suite 330,
Harrisburg, PA 17110-2996, (717) 237-2299, TDD (717) 237-2261.
Puerto Rico State Office, 654 Munoz Rivera Avenue, Suite 601, San
Juan, PR 00918, (787) 766-5095, TDD (787) 766-5332.
Rhode Island, Served by Massachusetts State Office.
South Carolina State Office, Strom Thurmond Federal Building, 1835
Assembly Street, Room 1007, Columbia, SC 29201, (803) 765-5163, TDD
(803) 765-5697.
South Dakota State Office, Federal Building, Room 210, 200 Fourth
Street, SW., Huron, SD 57350, (605) 352-1100, TDD (605) 352-1147.
Tennessee State Office, 3322 West End Avenue, Suite 300, Nashville,
TN 37203, (615) 783-1300, TDD (615) 783-1397.
Texas State Office, Federal Building, Suite 102, 101 South Main,
Temple, TX 76501, (254) 742-9700, TDD (254) 742-9712.
Utah State Office, Wallace F. Bennett Federal Building, 125 S. State
Street, Room 4438, Salt Lake City, UT 84138, (801) 524-4320, TDD
(801) 524-3309.
Vermont State Office, City Center, 3rd Floor, 89 Main Street,
Montpelier, VT 05602, (802) 828-6080, TDD (802) 223-6365.
Virgin Islands, Served by Florida State Office.
Virginia State Office, 1606 Santa Rosa Road, Suite 238, Richmond, VA
23229, (804) 287-1500, TDD (804) 287-1753.
Washington State Office, 1835 Black Lake Blvd. SW., Suite B,
Olympia, WA 98512, (360) 704-7740, TDD (360) 704-7772.
Western Pacific Territories, Served by Hawaii State Office.
West Virginia State Office, Federal Building, 1550 Earl Core Road,
Suite 101, Morgantown, WV 26505, (304) 284-4881, TDD (304) 284-4836.
Wisconsin State Office, 4949 Kirschling Court, Stevens Point, WI
54481, (715) 345-7600, TDD (715) 345-7614.
Wyoming State Office, PO Box 11005, Casper, WY 82602, (307) 233-
6700, TDD (307) 233-6733.
FOR FURTHER INFORMATION CONTACT: Monica Cole, Financial and Loan
Analyst, USDA Rural Development Guaranteed Rural Rental Housing
Program, Multi-Family Housing Guaranteed Loan Division, U.S. Department
of Agriculture, South Agriculture Building, Room 1263-S, STOP 0781,
1400 Independence Avenue SW., Washington, DC 20250-0781. Email:
monica.cole@wdc.usda.gov. Telephone: (202) 720-1251. This number is not
toll-free. Hearing or speech-impaired persons may access that number by
calling the Federal Information Relay Service toll-free at (800) 877-
8339.
Overview
Federal Agency: Rural Housing Service.
Solicitation Opportunity Title: Guaranteed Multi-Family Housing
Loans.
Announcement Type: Initial Solicitation Announcement.
Catalog of Federal Domestic Assistance: 10.438.
Dates: Response Deadline: December 31, 2012, 12:00 p.m. Eastern
Time.
Funding Opportunity Description
The GRRHP is authorized by section 538 of the Housing Act of 1949,
as amended (42 U.S.C. 1490p-2) and operates under 7 CFR part 3565. The
GRRHP Origination and Servicing Handbook (HB-1-3565) is available to
provide lenders and the general public with guidance on program
administration. HB-1-3565, which contains a copy of 7 CFR part 3565 in
Appendix 1, can be found at: https://www.rurdev.usda.gov/Handbooks.html.
The purpose of the GRRHP is to increase the supply of affordable rural
rental housing through the use of loan guarantees that encourage
partnerships between the Agency, private lenders, and public agencies.
Eligibility of Prior Year Selected NOFA Responses: Prior fiscal
year response selections that did not develop into complete
applications within the time constraints stipulated by the
corresponding State Office have been cancelled. Applicants have been
notified of the cancellation by the State Office. A new response for
the project may be submitted subject to the conditions of this Notice.
Prior years Notice responses that were selected by the Agency, with a
complete application submitted by the lender within 90 days from the
date of notification of response selection (unless an extension was
granted by the Agency), will be eligible for FY 2012 program dollars
without having to complete a FY 2012 response. A complete application
includes all Federal environmental documents required by 7 CFR part
1940, subpart G, and a Form RD 3565-1 ``Application for Loan and
Guarantee.'' Any approved applications originating from FY 2011 and
previous fiscal years' (``outstanding prior years approved
applications'') that are obligated in FY 2012, however, are subject to
``PROGRAM FEES FOR FY 2012'' in this Notice. Outstanding prior
[[Page 5762]]
years approved applications will be obligated to the extent of
available funding in order of priority score with the highest scores
obligated first. The scores the applications received under the NOFA
the year the application was submitted will be used for the ranking. In
the case of tied scores, the project with the greatest leveraging
(lowest loan to cost ratio) will receive selection priority. Once the
outstanding prior years approved applications have been funded, the
Agency will select FY 2012 responses for further processing in rank
order as determined by the scoring criteria set forth in this Notice to
the extent that funds remain available.
Qualifying Properties: Qualifying properties include new
construction for multi-family housing units and the acquisition of
existing structures with a minimum per unit rehabilitation expenditure
requirement in accordance with 7 CFR 3565.252.
Also eligible is the revitalization, repair and transfer (as
stipulated in 7 CFR Sec. 3560.406) of existing direct section 515
housing (transfer costs are subject to Agency approval and must be an
eligible use of loan proceeds as listed in 7 CFR 3565.205), and
properties involved in the Agency's Multi-Family Preservation and
Revitalization (MPR) program. Equity payment, as stipulated 7 CFR
3560.406, in the transfer of existing direct section 515 housing, is an
eligible use of guaranteed loan proceeds; however, the amount of
funding available for transfers of existing section 515 properties
involving equity payments will be limited to 25 percent of the FY 2012
funding level through August 31, 2012. Once the Agency has committed 25
percent of the total funding available for transfers of existing
section 515 properties with equity payments, no further funding will be
available for transfers of existing section 515 properties with equity
payments until after August 31, 2012, if funding is available.
If there is funding available after August 31, 2012, funding
requests for transfers of existing 515 properties involving equity
payments will be selected for obligation according to the selection
criteria stipulated in the ``OBLIGATION OF PROGRAM FUNDS'' section of
this Notice. Funding requests for transfers of existing 515 properties
involving equity payments will be kept in a separate queue. The 25
percent limit is solely for equity payments and does not affect 515
properties' use of 538 loan guarantees exclusively for rehabilitation
and repairs. In order to be considered, the transfer of direct section
515 housing and MPR projects must need repairs and undergo
revitalization of a minimum of $6,500 per unit.
Eligible Financing Sources: Any form of Federal, state, and
conventional sources of financing can be used in conjunction with the
loan guarantee, including Home Investment Partnerships Program (HOME)
grant funds, tax exempt bonds, and low income housing tax credits.
Types of Guarantees: The Agency offers three types of guarantees
which are set forth at 7 CFR 3565.52(c). The Agency's liability under
any guarantee will decrease or increase, in proportion to any decrease
or increase in the amount of the unpaid portion of the loan, up to the
maximum amount specified in the Loan Note Guarantee. Penalties incurred
as a result of default are not covered by any of the program's
guarantees. The Agency may provide a lesser guarantee based upon its
evaluation of the credit quality of the loan.
Energy Conservation: All new multi-family housing projects financed
in whole or in part by the USDA, are encouraged to engage in
sustainable building development that emphasizes energy-efficiency and
conservation. In order to assist in the achievement of this goal, any
GRRHP project that participates in one or all of the programs included
in priority 7 under the ``Scoring of Priority Criteria for Selection of
Projects'' section of this notice, may receive a maximum of 25
additional points added to their project score. Participation in these
nationwide initiatives is voluntary, but strongly encouraged.
Interest Credit: The 2012 Appropriations Act did not fund interest
credit.
Program Fees for FY 2012: The 2012 Appropriations Act provides:
``That to support the loan program level for section 538 guaranteed
loans made available under this heading the Secretary may charge or
adjust any fees to cover the projected cost of such loan guarantees
pursuant to the provisions of the Credit Reform Act of 1990 (2 U.S.C.
661 et seq), and the interest on such loans may not be subsidized.''
The following fees have been determined necessary to cover the
projected cost of such loan guarantees for FY 2012. These fees may be
adjusted in future years to cover the projected costs of loan
guarantees in those future years or additional fees may be charged.
These fees are also applicable to all outstanding prior years responses
funded with FY 2012 funds. The fees are as follows:
1. Initial guarantee fee. The Agency will charge an initial
guarantee fee equal to one percent (1%) of the guarantee principal
amount. For purposes of calculating this fee, the guarantee amount is
the product of the percentage of the guarantee times the initial
principal amount of the guaranteed loan.
2. Annual guarantee fee. An annual guarantee fee of 50 basis points
(one-half percent) of the outstanding principal amount of the loan as
of December 31 will be charged each year or portion of a year that the
guarantee is outstanding.
3. As permitted under 7 CFR 3565.302(b)(5) there is a non-
refundable service fee of $1,500 for the review and approval of a
lender's first request to extend the term of a guarantee commitment
beyond its original expiration (the request must be received by the
Agency prior to the commitment's expiration). For any subsequent
extension request, the fee will be $2,500.
4. As permitted under 7 CFR 3565.302(b)(5) there is a non-
refundable service fee of $3,500 for the review and approval of a
lender's first request to reopen an application when a commitment has
expired. For any subsequent extension request to reopen an application
after the commitment has expired, the fee will be $3,500.
5. As permitted under 7 CFR 3565.302(b)(4) there is a non-
refundable service fee of $1,500 in connection with a lender's request
to approve the transfer of property or a change in composition of the
ownership entity.
6. There is no lender application fee for lender approval.
7. There is no surcharge for the guarantee of construction
advances.
Eligibility Information
Eligible Lenders: An eligible lender for the section 538 GRRHP as
required by 7 CFR 3565.102 must be a licensed business entity or
Housing Finance Agency (HFA) in good standing in the state or states
where it conducts business. Lender eligibility requirements are
contained in 7 CFR 3565.102. Please review that section for a complete
list of all of the criteria. The Agency will only accept responses from
GRRHP eligible or approved lenders as described in 7 CFR 3565.102 and
3565.103 respectively.
GRRHP Lender Approval Application: Lenders whose responses are
selected will be notified by the USDA Rural Development to submit a
request for GRRHP lender approval within 30 days of notification.
Lenders who request GRRHP approval must meet the standards in the 7 CFR
part 3565 and provide the documentation set forth in
[[Page 5763]]
GRRHP Origination and Servicing Handbook (HB-1-3565) found at https://www.rurdev.usda.gov/Handbooks.html#hbw6 (and available in any local RD
office).
Lenders that have received GRRHP lender approval that remain in
good standing do not need to reapply for GRRHP lender approval. A
lender making a construction loan must demonstrate an ability to
originate and service construction loans, in addition to meeting the
other requirements of 7 CFR part 3565, subpart C.
Submission of Documentation for GRRHP Lender Approval: All lenders
that have not yet received GRRHP lender approval must submit a complete
lender application to: Director, Multi-Family Housing Guaranteed Loan
Division, Rural Development, U.S. Department of Agriculture, Room 1263-
S, STOP 0781, 1400 Independence Avenue SW., Washington, DC 20250-0781.
Lender applications must be identified as ``Lender Application--Section
538 Guaranteed Rural Rental Housing Program'' on the envelope.
Discussion of NOFA Response Requirements
Content of NOFA Responses: All responses require lender information
and project specific data as set out in this Notice. Incomplete
responses will not be considered for funding. Lenders will be notified
of incomplete responses no later than 30 calendar days from the date of
receipt of the NOFA response by the Agency. Complete responses are to
include a signed cover letter from the lender on the lender's
letterhead to the office address identified in this Notice for the
scoring and ranking of a proposed GRRHP project. The lender must
provide the requested information concerning the project, to establish
the purpose of the proposed project, its location, and how it meets the
established priorities for funding. The Agency will determine the
highest ranked responses based on priority criteria and a threshold
score.
(1) Lender Certification
The lender must certify that the lender will make a loan to the
prospective borrower for the proposed project, under specified terms
and conditions subject to the issuance of the GRRHP guarantee. Lender
certification must be on the lender's letterhead and signed by both the
lender and the prospective borrower.
(2) Project Specific Data
The lender must submit the project specific data below on the
lender's letterhead, signed by both the lender and the prospective
borrower:
------------------------------------------------------------------------
Information that must be
Data element included
------------------------------------------------------------------------
Lender Name Insert the lender's name.
------------------------------------------------------------------------
Lender Tax ID Insert lender's tax ID .
------------------------------------------------------------------------
Lender Contact Name Name of the lender contact for
loan.
------------------------------------------------------------------------
Mailing Address Lender's complete mailing
address.
------------------------------------------------------------------------
Phone Phone for lender
contact.
------------------------------------------------------------------------
Fax Insert lender's fax .
------------------------------------------------------------------------
Email Address Insert lender contact email
address.
------------------------------------------------------------------------
Borrower Name and Organization Type State whether borrower is a
Limited Partnership,
Corporation, Indian Tribe,
etc.
------------------------------------------------------------------------
Equal Opportunity Survey Optional Completion.
------------------------------------------------------------------------
Tax Classification Type State whether borrower is for
profit, not for profit, etc.
------------------------------------------------------------------------
Borrower Tax ID Insert borrower's tax ID .
------------------------------------------------------------------------
Borrower DUNS Insert DUNS number.
------------------------------------------------------------------------
Borrower Address, including County Insert borrower's address and
county.
------------------------------------------------------------------------
Borrower Phone , fax number Insert borrower's phone , fax number and email
address.
------------------------------------------------------------------------
Principal or Key Member for the Insert name and title. List the
Borrower general partners if a limited
partnership, officers if a
corporation or members of a
Limited Liability Corporation.
------------------------------------------------------------------------
[[Page 5764]]
Borrower Information and Statement of Attach relevant information.
Housing Development Experience
------------------------------------------------------------------------
New Construction, Acquisition With State whether the project is
Rehabilitation new construction or
acquisition with
rehabilitation.
------------------------------------------------------------------------
Revitalization, Repair, and Transfer Yes or No (Transfer costs,
(as stipulated in 7 CFR Sec. including equity payments, are
3560.406) of Existing Direct Section subject to Agency approval and
515 Housing or MPR must be an eligible use of
loan proceeds in 7 CFR Sec.
3565.205).
------------------------------------------------------------------------
Project Location Town or City Town or city in which the
project is located.
------------------------------------------------------------------------
Project County County in which the project is
located.
------------------------------------------------------------------------
Project State State in which the project is
located.
------------------------------------------------------------------------
Project Zip Code Insert zip code.
------------------------------------------------------------------------
Project Congressional District Congressional District for
project location.
------------------------------------------------------------------------
Project Name Insert project name.
------------------------------------------------------------------------
Project Type Family, senior (all residents
55 years or older), or mixed.
------------------------------------------------------------------------
Property Description and Proposed Provide as an attachment.
Development Schedule
------------------------------------------------------------------------
Total Project Development Cost Enter amount for total project.
------------------------------------------------------------------------
of Units Insert the of units
in the project.
------------------------------------------------------------------------
Ratio of 3-5 bedroom units to total Insert percentage of 3-5
units bedroom units to total units.
------------------------------------------------------------------------
Cost Per Unit Total development cost divided
by of units.
------------------------------------------------------------------------
Rent Proposed rent structure.
------------------------------------------------------------------------
Median Income for Community Provide median income for the
community.
------------------------------------------------------------------------
Evidence of Site Control Attach relevant information.
------------------------------------------------------------------------
Description of Any Environmental Issues Attach relevant information.
------------------------------------------------------------------------
Loan Amount Insert the loan amount.
------------------------------------------------------------------------
Borrower's Proposed Equity Insert amount and source.
------------------------------------------------------------------------
Tax Credits Have tax credits been awarded?
If tax credits were awarded,
submit a copy of the award/
evidence of award with your
response.
If not, when do you anticipate
an award will be made
(announced)?
What is the [estimated] value
of the tax credits?
Letters of application and
commitment letters should be
included, if available.
------------------------------------------------------------------------
[[Page 5765]]
Other Sources of Funds List all funding sources other
than tax credits and amounts
for each source, type, rates
and terms of loans or grant
funds.
------------------------------------------------------------------------
Loan to Total Development Cost Guaranteed loan divided by the
total development costs of
project.
------------------------------------------------------------------------
Debt Coverage Ratio Net Operating Income divided by
debt service payments.
------------------------------------------------------------------------
Percentage of Guarantee Percentage guarantee requested.
------------------------------------------------------------------------
Collateral Attach relevant information.
------------------------------------------------------------------------
Colonia, Tribal Lands, or State's Colonia, on an Indian
Consolidated Plan or State Needs Reservation, or in a place
Assessment identified in the State's
Consolidated Plan or State
Needs Assessment as a high
need community for multi-
family housing.
------------------------------------------------------------------------
Is the Property Located in a Federally If yes, please provide
Declared Disaster Area documentation (i.e.,
Presidential Declaration
document).
------------------------------------------------------------------------
Population Provide the population of the
county, city, or town where
the project is or will be
located.
------------------------------------------------------------------------
What type of guarantee is being Enter the type of guarantee.
requested, Permanent only (Option 1),
Construction and Permanent (Option 2)
or Continuous (Option 3)?
------------------------------------------------------------------------
Loan Term Minimum 25-year term.
Maximum 40-year term (includes
construction period).
May amortize up to 40 years.
Balloon mortgages permitted
after the 25th year.
------------------------------------------------------------------------
Participation in Energy Efficient Initial checklist indicating
Programs prerequisites to register for
participation in a particular
energy efficient program. All
checklists must be accompanied
by a signed affidavit by the
project architect stating that
the goals are achievable. If
property management is
certified for green property
management, the certification
must be provided.
------------------------------------------------------------------------
(3) The Proposed Borrower
(a) Lender certification that the borrower or principals of the
owner are not barred from participating in Federal housing programs and
are not delinquent on any Federal debt.
(b) Borrower's unaudited or audited financial statements.
(c) Statement of borrower's housing development experience.
(4) Lender Eligibility and Approval Status
Evidence that the lender is either an approved lender for the
purposes of the GRRHP or that the lender is eligible to apply for
approved lender status. The lender's application for approved lender
status can be submitted with the response but must be submitted to the
National Office within 30 calendar days of the lender's receipt of the
``Notice to Proceed with Application Processing'' letter.
(5) Competitive Criteria
Information that shows how the proposal is responsive to the
selection criteria specified in this notice.
Response Review Information
Scoring of Priority Criteria for Selection of Projects: All 2012
responses will be scored based on the criteria set forth below to
establish their priority for further processing. Per 7 CFR 3565.5(b),
priority will be given to projects: In smaller rural communities, in
the most needy communities having the highest percentage of leveraging,
having the lowest interest rate, or having the highest ratio of 3-5
bedroom units to total units. In addition, as permitted in 7 CFR
3565.5(b), in order to meet important program goals, priority points
will be given for projects that include low income housing tax credit
(LIHTC) funding, Section 515 projects with no equity payments and
projects that are participating in specified energy efficient programs.
The seven priority scoring criteria for projects are listed below.
Priority 1--Projects located in eligible rural communities with the
lowest populations will receive the highest points.
------------------------------------------------------------------------
Population size Points
------------------------------------------------------------------------
0-5,000........................................................ 30
5,001-10,000 people............................................ 15
10,001-15,000 people........................................... 10
15,001-20,000 people........................................... 5
------------------------------------------------------------------------
Priority 2--The neediest communities as determined by the median
income from the most recent census data published by the United States
[[Page 5766]]
Department of Housing and Urban Development (HUD), will receive points.
The Agency will allocate points to projects located in communities
having the lowest median income. Points for median income will be
awarded as follows:
------------------------------------------------------------------------
Median income (dollars) Points
------------------------------------------------------------------------
Less than $45,000.............................................. 20
$45,000-less than $55,000...................................... 15
$55,000-less than $65,000...................................... 10
$65,000-less than $75,000...................................... 5
$75,000 or more................................................ 0
------------------------------------------------------------------------
Priority 3--Projects that demonstrate partnering and leveraging in
order to develop the maximum number of units and promote partnerships
with state and local communities will also receive points. Points will
be awarded as follows:
------------------------------------------------------------------------
Loan to total development cost ratio (percentage %) Points
------------------------------------------------------------------------
Less than 25................................................... 60
Less than 50 to 25............................................. 30
Less than 70 to 50............................................. 10
70 or more..................................................... 0
------------------------------------------------------------------------
Priority 4--Responses that include equity from low income housing
tax credits will receive an additional 50 points.
Priority 5--The USDA Rural Development will award points to
projects with the highest ratio of 3-5 bedroom units to total units as
follows:
------------------------------------------------------------------------
Ratio of 3-5 bedroom units to total units Points
------------------------------------------------------------------------
More than 50%.................................................. 10
21%-50%........................................................ 5
Less than 21%-more than 0%..................................... 1
------------------------------------------------------------------------
Priority 6--Responses for the revitalization, repair, and transfer
(as stipulated in 7 CFR 3560.406) of existing direct section 515
housing and properties involved in the Agency's MPR program (transfer
costs, including equity payments, are subject to Agency approval and
must be an eligible use of loan proceeds listed in 7 CFR Sec.
3565.205) will receive an additional 10 points. If the transfer of
existing section 515 properties includes equity payments, 0 points will
be awarded.
Priority 7--Energy-Efficiency
(A) Projects that are energy-efficient and registered for
participation in the following programs will receive points as
indicated up to a maximum of 25 points. Each program has an initial
checklist indicating prerequisites for participation. Each applicant
must provide a checklist establishing that the prerequisites for each
program's participation will be met. Additional points will be awarded
for checklists that achieve higher levels of energy efficiency
certification as set forth below. All checklists must be accompanied by
a signed affidavit by the project architect stating that the goals are
achievable. Points will be awarded for the listed programs as follows:
Energy Star for Homes--5 points;
Green Communities by the Enterprise Community Partners
(https://www.enterprisefoundation.org)--10 points;
LEED for Homes program by the U.S. Green Building Council
(USGBC) (https://www.usgbc.org)--Certified (10 points), Silver (12
points), Gold (15 points), or Platinum (25 points);
National Association of Home Builders (NAHB) ICC 700-
2008--National Green Building Standard\TM\ (https://www.nahb.org)
Bronze (10 points), Silver (12 points), Gold (15 points), or
Emerald (25 points); or
A state or local green building program--20 points
(B) Projects that will be managed by a property management company
that are certified green property management companies will receive 5
points.
Applicants must provide proof of certification. Certification may
be achieved through one of the following programs:
National Apartment Association, Credential for Green
Property Management (CGPM); www.naahq.org/EDUCATION/DESIGNATIONPROGRAMS/OTHER/Pages/default.asp;
National Affordable Housing Management Association
(NAHMA), Credential for Green Property Management (CGPM);
www.nahma.org/content/greencred.html; or
U.S. Green Building Council (USGBC), Green Building
Certification Institute (GBCI) LEED AP (any discipline) or LEED Green
Associate; www.gbci.org.
Notifications: Responses will be reviewed for completeness and
eligibility. The USDA Rural Development will notify those lenders whose
responses are selected via a Notice to Proceed with Application
Processing letter. The USDA Rural Development will request lenders
without GRRHP lender approval to apply for GRRHP lender approval within
30 days upon receipt of notification of selection.
Lenders will also be invited to submit a complete application to
the USDA Rural Development State Office where the project is located.
Submission of GRRHP Applications: Notification letters will
instruct lenders to contact the USDA Rural Development State Office
immediately following notification of selection to schedule required
agency reviews.
USDA Rural Development State Office staff will work with lenders in
the development of an application package. The deadline for the
submission of a complete application is 90 calendar days from the date
of notification of response selection. If the application is not
received by the appropriate State Office within 90 calendar days from
the date of notification, the selection is subject to cancellation,
thereby allowing another response that is ready to proceed with
processing to be selected. The Agency may extend this 90 day deadline
for receipt of an application at its own discretion.
Award Administration Information
Obligation of Program Funds: The Agency will only obligate funds to
projects that meet the requirements for obligation under 7 CFR 3565 and
this Notice, including having undergone a satisfactory environmental
review in accordance with the National Environmental Protection Act
(NEPA) and completed Form RD 3565-1 for the selected project.
The Agency will prioritize the obligation requests using the
highest score and the procedures outlined as follows. The Agency will
select the responses that meet eligibility criteria and invite lenders
to submit complete applications to the Agency. Once a complete
application is received and approved, the State Office will submit a
request to obligate funds to the National Office. In the event of a
tie, priority will be given to the request for the project that: has
the highest percentage of leveraging (lowest Loan to Cost) and in the
event there is still a tie;--is in the smaller rural community.
Conditional Commitment: Once the required documents for obligation
are received and all NEPA and regulatory requirements have been met,
the USDA Rural Development State Office will issue a conditional
commitment, which stipulates the conditions that must be fulfilled
before the issuance of a guarantee, in accordance with 7 CFR 3565.303.
Issuance of Guarantee: The USDA Rural Development Office will issue
a guarantee to the lender for a project in accordance with 7 CFR
3565.303. No guarantee can be issued without a complete application,
review of appropriate certifications, satisfactory assessment of the
appropriate level of environmental review, and the
[[Page 5767]]
completion of any conditional requirements.
Non-Discrimination Statement
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, 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: January 27, 2012.
Tammye H. Trevi[ntilde]o,
Administrator, Rural Housing Service.
cc:
MFH-GLD--Cole
MFH-GLD-Alonso
MFH-GLD-Steininger
[FR Doc. 2012-2539 Filed 2-3-12; 8:45 am]
BILLING CODE 3410-XV-P
