Notice of Funding Availability (NOFA) for Loan Guarantees Under Section 538 Guaranteed Rural Rental Housing Program (GRRHP) for Fiscal Year 2014, 29159-29165 [2014-11733]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices • Buffers of protection around important habitats; • Vegetative cover requirements; and • Mitigation requirements for predator perches. The decisions based on this analysis may make changes in the lands available for oil and gas leasing, as well as changes in the stipulations applied to lands that are made available for leasing. There may also be changes to the lands determined suitable for linear rights-of-way corridors for powerlines and pipelines. Any decisions will recognize valid existing rights. The decisions will be limited to making land use planning direction specific to the conservation of habitat of the greater sage-grouse on approximately 96,000 acres of habitat (66,000 of priority habitat and 30,000 of general habitat) on the Medora District of the Little Missouri Grassland. Finally, the LRMP amendment would address the objectives identified in the USFWS Conservation Objectives Team report. The purpose of the public scoping process is to determine relevant issues related to the conservation of the greater sage-grouse and its habitat that will influence the scope of the environmental analysis, including alternatives, and guide the process for developing the EIS. As allowed at 36 CFR 219.17(b)(2), ‘‘. . . with respect to plans approved or revised under a prior planning regulation, including the transition provisions of the reinstated 2000 rule (36 CFR part 219, published at 36 CFR parts 200 to 299, revised as of July 1, 2010), plan amendments may be initiated under the provisions of the prior planning regulation for 3 years after May 9, 2012, and may be completed and approved under those provisions . . .’’. As allowed at 36 CFR 219.17(b)(2), the responsible official has opted to initiate and complete this proposed plan amendment consistent with transition provisions of the reinstated 2000 rule. Determination as to whether the amendment is significant or not significant will be based on Forest Service direction at the time of the decision. Based on current direction found in Forest Service Manual 1926.52, the amendment is expected to be not significant. Possible Alternatives Under the no-action alternative the LRMP would not be amended to incorporate new or change existing regulatory mechanisms. There are no other alternatives to the proposed action identified at this time. VerDate Mar<15>2010 17:42 May 20, 2014 Jkt 232001 Lead and Cooperating Agencies The Forest Service is the lead agency, and has invited the BLM, North Dakota Game and Fish Department, USFWS, Natural Resources Conservation Service, Bowman-Slope Soil Conservation District, to participate as cooperating agencies. Other Federal, State, and local agencies that may be interested or affected by the Forest Service’s decision on this proposal, may request or be requested by the Forest Service to participate as a cooperating agency also. Responsible Official The responsible official is Dennis Neitzke, Grasslands Supervisor, Dakota Prairie Grasslands, 1200 Missouri Avenue, Bismarck, ND 58504. Nature of Decision To Be Made Based on the analysis conducted and represented in the EIS and project record, the responsible official will decide whether or not to amend the LRMP as described in the proposed action, or in one of the alternatives to the proposed action, or by combining elements of the proposed action and alternatives to create a decision that best meets the purpose of conserving, enhancing, and/or restoring habitats to provide for the long-term viability of the greater sage-grouse. Scoping Process This notice of intent initiates the scoping process, which guides the development of the environmental impact statement. The scoping document is posted on the Dakota Prairie National Grasslands public Web site at: http://www.fs.usda.gov/dpg/. During the scoping period the Forest will solicit comments from interested parties and the public. It is important that reviewers provide their comments at such times and in such manner that they are useful to the Agency’s preparation of the environmental impact statement. Therefore, comments should be provided prior to the close of the comment period and should clearly articulate the reviewer’s concerns and contentions. Comments received in response to this solicitation, including names and addresses of those who comment, will be part of the public record for this proposed action. Comments submitted anonymously will be accepted and considered; however, the Forest Service would not be able to provide the respondent with subsequent environmental documents. This proposal has been listed on the Dakota Prairie Grasslands Schedule of Proposed Actions since May, 2014. PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 29159 Early Notice of Importance of Public Participation in Subsequent Environmental Review As required under 36 CFR 219.17(b)(2), this proposed plan amendment is subject to the predecisional administrative review process (‘‘objection procedure’’) set forth in 36 CFR Part 219 Subpart B. Only those individuals and entities who have submitted substantive formal comments related to the proposed plan amendment during opportunities for public comment may file an objection. Objections must be based on previously submitted substantive formal comments attributed to the objector, unless the objection concerns an issue that arises after the opportunities for formal comment (36 CFR 219.53). Comments are considered substantive when they are within the scope of the proposal, are specific to the proposal, have a direct relationship to the proposal, and include supporting reasons for the responsible official to consider (36 CFR 219.62). Formal comments received from an authorized representative(s) of an entity are considered those of the entity only. A member of an organization must submit substantive formal comments independently to be eligible to file an objection in an individual capacity (36 CFR 219.53(b)). Substantive formal comments must be written comments submitted to, or oral comments recorded by, the responsible official or designee during an opportunity for public participation and attributed to the individual or entity providing them (36 CFR 219.62). For this proposal, the opportunities for public participation are the 45-dayscoping-comment period announced by this notice of intent and the 90-daycomment period that begins when the Environmental Protection Agency publishes the notice of availability of the draft EIS in the Federal Register. Dated: May 2, 2014. Dennis D. Neitzke, Grasslands Supervisor. [FR Doc. 2014–11736 Filed 5–20–14; 8:45 am] BILLING CODE P DEPARTMENT OF AGRICULTURE Rural Housing Service Notice of Funding Availability (NOFA) for Loan Guarantees Under Section 538 Guaranteed Rural Rental Housing Program (GRRHP) for Fiscal Year 2014 Rural Housing Service, USDA. NOFA. AGENCY: ACTION: E:\FR\FM\21MYN1.SGM 21MYN1 29160 Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices 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) 2014. The Consolidated Appropriations Act, 2014, Public Law 113–76 (January 17, 2014) appropriated $150 million in FY 2014. 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. Successful applications will be selected by the Agency for funding and subsequently awarded to the extent that funding may ultimately be made available to the Agency through appropriations. 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 response score. DATES: Eligible responses to this Notice will be accepted until December 31, 2015, 12:00 p.m. Eastern Time. Selected responses that develop into complete applications and meet all Federal eligibility requirements prior to September 30, 2014 will receive conditional commitments until all FY 2014 funds are expended. Selected responses to this Notice that are deemed eligible for further processing after September 30, 2014, will be funded to the extent an appropriation act provides sufficient funding in the fiscal year the response is selected. Responses are subject to the fee structure in effect on the fiscal year they are selected. 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. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:42 May 20, 2014 Jkt 232001 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, may be found at http:// www.rurdev.usda.gov/recd_map.html. Note: Telephone numbers listed there are not toll-free. 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 or 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, 2015, 12:00 p.m. Eastern Time. I. 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 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 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’ 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 PO 00000 Frm 00004 Fmt 4703 Sfmt 4703 (unless an extension was granted by the Agency), will be eligible for FY 2014 program dollars without having to complete a FY 2014 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 2013 and previous fiscal years (outstanding prior years approved applications) that are obligated in FY 2014, however, are subject to ‘‘PROGRAM FEES FOR FY 2014’’ section in this Notice. Outstanding prior 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 2014 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. II. Award Information Anyone interested in submitting an application for funding under this program is encouraged to consult the Rural Development Web site http:// www.rurdev.usda.gov/HADGuaranteed_Rental_Loans.html periodically for updated information regarding the status of funding authorized for this program. 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 and Section 514/516 Farm Labor Housing (FLH) (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 in 7 CFR 3560.406, in the transfer of existing direct Section 515 and Section 514/516 FLH, is an eligible use of guaranteed loan proceeds. In order to be considered, the transfer of Section 515 and Section 514/516 FLH and MPR projects must need repairs and undergo E:\FR\FM\21MYN1.SGM 21MYN1 mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices 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 (LIHTC). 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 Consolidated Appropriations Act, 2014 did not fund interest credit. Program Fees for FY 2014: The Consolidated Appropriations Act, 2014, Public Law 113–76 (January 17, 2014) continued the provision ‘‘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 2014. 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 2014 funds. The fees are as follows: VerDate Mar<15>2010 17:42 May 20, 2014 Jkt 232001 1. Initial guarantee fee. The Agency will charge an initial guarantee fee equal to 1 percent 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 (1⁄2 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 application fee. 7. There is no lender application fee for lender approval. 8. There is no surcharge for the guarantee of construction advances. III. 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. Lenders whose responses are selected will be notified by the Agency to submit a request for GRRHP lender approval within 30 days of notification. Lenders who request GRRHP approval must meet the standards in 7 CFR 3565.103. Lenders that have received GRRHP lender approval that remain in good PO 00000 Frm 00005 Fmt 4703 Sfmt 4703 29161 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. IV. Application and Submission Information NOFA responses can be submitted either electronically using the Section 538 electronic NOFA response form found at: http://www.rurdev.usda.gov/ HAD-Guaranteed_Rental_Loans.html or in hard copy and submitted to the appropriate Rural Development State Office where the project will be located. USDA Rural Development State Offices, their addresses, and telephone numbers may be found at http:// www.rurdev.usda.gov/recd_map.html, Note: Telephone numbers listed are not toll-free. Applicants are strongly encouraged, but not required, to submit the NOFA response electronically. The electronic form contains a button labeled ‘‘Send Form.’’ By clicking on the button, the applicant will see an email message window with an attachment that includes the electronic form the applicant filled out as a data file with an .fdf extension. In addition, an autoreply acknowledgement will be sent to the applicant when the electronic NOFA Response form is received by the Agency unless the sender has software that will block the receipt of the autoreply email. The State Office will record NOFA responses received electronically by the actual date and time when all attachments are received at the State Office. Submission of the electronic Section 538 NOFA response form does not constitute submission of the entire application package which requires additional forms and supporting documentation. Content of 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 E:\FR\FM\21MYN1.SGM 21MYN1 29162 Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices later than 30 calendar days from the date of receipt of the response by the Agency. Complete responses are to include a signed cover letter from the lender, on the lender’s letterhead. 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: Data element Information that must be included Lender Name ............................................................................................ Lender Tax ID # ....................................................................................... Lender Contact Name .............................................................................. Mailing Address ........................................................................................ Phone # .................................................................................................... Fax # ......................................................................................................... E-mail Address ......................................................................................... Borrower Name and Organization Type .................................................. Insert the lender’s name. Insert lender’s tax ID number. Name of the lender contact for loan. Lender’s complete mailing address. Phone number for lender contact. Insert lender’s fax number. Insert lender contact e-mail address. State whether borrower is a Limited Partnership, Corporation, Indian Tribe, etc. Optional Completion. State whether borrower is for profit, not for profit, etc. Insert borrower’s tax ID number. Insert DUNS number. Insert borrower’s address and county. Insert borrower’s phone number, fax number and e-mail address. Insert name and title. List the general partners if a limited partnership, officers if a corporation or members of a Limited Liability Corporation. Attach relevant information. Equal Opportunity Survey ........................................................................ Tax Classification Type ............................................................................ Borrower Tax ID # .................................................................................... Borrower DUNS # ..................................................................................... Borrower Address, including County ........................................................ Borrower Phone #, fax # and e-mail address .......................................... Principal or Key Member for the Borrower .............................................. Borrower Information and Statement of Housing Development Experience. New Construction, Acquisition With Rehabilitation .................................. Revitalization, Repair, and Transfer (as stipulated in 7 CFR 3560.406) of Existing Direct Section 515 and Section 514/516 FLH or MPR. Project Location Town or City .................................................................. Project County .......................................................................................... Project State ............................................................................................. Project Zip Code ....................................................................................... Project Congressional District .................................................................. Project Name ............................................................................................ Project Type ............................................................................................. Property Description and Proposed Development Schedule ................... Total Project Development Cost .............................................................. # of Units .................................................................................................. Ratio of 3–5 bedroom units to total units ................................................. Cost Per Unit ............................................................................................ Rent .......................................................................................................... Median Income for Community ................................................................ Evidence of Site Control ........................................................................... Description of Any Environmental Issues ................................................ Loan Amount ............................................................................................ Borrower’s Proposed Equity ..................................................................... Tax Credits ............................................................................................... mstockstill on DSK4VPTVN1PROD with NOTICES Other Sources of Funds ........................................................................... Loan to Total Development Cost ............................................................. Debt Coverage Ratio ................................................................................ Percentage of Guarantee ......................................................................... Collateral ................................................................................................... Colonia, Tribal Lands, or State’s Consolidated Plan or State Needs Assessment. Is the Property Located in a Federally Declared Disaster Area? ............ Population ................................................................................................. VerDate Mar<15>2010 17:42 May 20, 2014 Jkt 232001 PO 00000 Frm 00006 Fmt 4703 State whether the project is new construction or acquisition with rehabilitation. 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). Town or city in which the project is located. County in which the project is located. State in which the project is located. Insert Zip Code where the project is located. Congressional District for project location. Insert project name. Family, senior (all residents 55 years or older), or mixed. Provide as an attachment. Enter amount for total project. Insert the number of units in the project. Insert percentage of 3–5 bedroom units to total units. Total development cost divided by number of units. Proposed rent structure. Provide median income for the community. Attach relevant information. Attach relevant information. Insert the loan amount. Insert amount and source. 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. List all funding sources other than tax credits and amounts for each source, type, rates and terms of loans or grant funds. Guaranteed loan divided by the total development costs of project. Net Operating Income divided by debt service payments. Percentage guarantee requested. Attach relevant information. 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. If yes, please provide documentation (i.e., Presidential Declaration document). Provide the population of the county, city, or town where the project is or will be located. Sfmt 4703 E:\FR\FM\21MYN1.SGM 21MYN1 Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices Data element Information that must be included What type of guarantee is being requested, Permanent only (Option 1), Construction and Permanent (Option 2) or Continuous (Option 3). Loan Term ................................................................................................ Participation in Energy Efficient Programs ............................................... (3) The Proposed Borrower Information: (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: (6) (5) Competitive Criteria: Information that shows how the proposal is responsive to the selection criteria specified in this Notice. mstockstill on DSK4VPTVN1PROD with NOTICES V. Application Review Information Scoring of Priority Criteria for Selection: All FY 2014 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 LIHTC funding 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. VerDate Mar<15>2010 17:42 May 20, 2014 Jkt 232001 29163 Enter the type of guarantee. Minimum 25-year term. Maximum 40-year term (includes construction period). May amortize up to 40 years. Balloon mortgages permitted after the 25th year. 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. Population size Points 0–5,000 ........................................... 5,001–10,000 people ...................... 10,001–15,000 people .................... 15,001–20,000 people .................... 20,001–35,000 people .................... 30 15 10 5 0 Ratio of 3—5 bedroom units to total units More than 50% ............................... 21%–50% ....................................... Less than 21%–more than 0% ....... Points 10 5 1 Priority 6—Responses for the revitalization, repair, and transfer (as Priority 2—The neediest communities stipulated in 7 CFR 3560.406) of as determined by the median income existing direct Section 515 and Section from the most recent census data 514/516 FLH and properties involved in published by the United States the Agency’s MPR program (transfer Department of Housing and Urban costs, including equity payments, are Development (HUD), will receive subject to Agency approval and must be points. The Agency will allocate points an eligible use of loan proceeds listed in to projects located in communities 7 CFR 3565.205) will receive an having the lowest median income. additional 10 points. If the transfer of Points for median income will be existing Section 515 and Section 514/ awarded as follows: 516 FLH properties includes equity payments, 0 points will be awarded. Median income Priority 7—Energy Efficiency: Points (dollars) (A) Projects that are energy-efficient and registered for participation in the Less than $45,000 .......................... 20 following programs will receive points $45,000–less than $55,000 ............ 15 as indicated up to a maximum of 25 $55,000–less than $65,000 ............ 10 points. Each program has an initial $65,000–less than $75,000 ............ 5 checklist indicating prerequisites for $75,000 or more ............................. 0 participation. Each applicant must provide a checklist establishing that the Priority 3—Projects that demonstrate prerequisites for each program’s partnering and leveraging in order to participation will be met. Additional develop the maximum number of units points will be awarded for checklists and promote partnerships with State that achieve higher levels of energy and local communities will also receive efficiency certification as set forth points. Points will be awarded as below. All checklists must be follows: accompanied by a signed affidavit by the project architect stating that the Loan to total development goals are achievable. Points will be cost ratio Points awarded for the listed programs as (percentage %) follows. Because Energy Star for Homes Less than 25 ................................... 60 is a requirement within other programs Less than 50 to 25 ......................... 30 such as LEED and Green Communities, Less than 70 to 50 ......................... 10 points will only be awarded separately 70 or more ...................................... 0 for Energy Star for Homes if it is the only program in which the project is enrolled, excluding local programs that Priority 4—Responses that include do not require participation in Energy equity from low income housing tax Star for Homes: credits will receive an additional 50 • Energy Star for Homes—5 points; points. • Green Communities by the Priority 5—The USDA Rural Enterprise Community Partners (www. Development will award points to enterprisefoundation.org)—10 points; projects with the highest ratio of 3–5 • LEED for Homes program by the bedroom units to total units as follows: U.S. Green Building Council (USGBC) PO 00000 Frm 00007 Fmt 4703 Sfmt 4703 E:\FR\FM\21MYN1.SGM 21MYN1 mstockstill on DSK4VPTVN1PROD with NOTICES 29164 Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices (www.usgbc.org)—Certified (10 points), Silver (12 points), Gold (15 points), or Platinum (25 points); • Home Innovation’s National Green Building StandardTM (NGBS) certification program (www.home innovation.com/green)—Bronze (10 points), Silver (12 points), Gold (15 points), or Emerald (25 points); or • A State or local green building program—2 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/DESIGNATION PROGRAMS/OTHER/Pages/ default.aspx; • 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. (C) Energy Generation (maximum 5 points). Pre-applications for new construction or purchase and rehabilitation of non-program multifamily projects which participate in the Energy Star for Homes V3 Program, Green Communities, LEED for Homes or NAHB’s National Green Building Standard (ICC–700) 2008, receive at least 8 points for Energy Conservation measures (if limited rehabilitation only) in the point allocations above are eligible to earn additional points for installation of on-site renewable energy sources. In order to receive more than 1 point for this energy generation section, an accurate energy analysis prepared by an engineer will need to be submitted with the pre-application. Energy analysis of preliminary building plans using industry-recognized simulation software must document the projected total energy consumption of the building, the portion of the building consumption which will be satisfied through on-site generation and the building’s Home Energy Rating System (HERS) score. Projects with an energy analysis of the preliminary or rehabilitation building plans that propose a 10 percent to 100 percent energy generation commitment (where generation is considered to be the total amount of energy needed to be VerDate Mar<15>2010 18:28 May 20, 2014 Jkt 232001 generated on-site to make the building a net-zero consumer of energy) will be awarded points as follows: • (a) 0 to 9 percent commitment to energy generation receives 0 points; • (b) 10 to 29 percent commitment to energy generation receives 1 point; • (c) 30 to 49 percent commitment to energy generation receives 2 points; • (d) 50 to 69 percent commitment to energy generation receives 3 points; • (e) 70 to 89 percent commitment to energy generation receives 4 points; • (f) 90 percent or more commitment to energy generation receives 5 points. Notifications: Responses will be reviewed for completeness and eligibility. The Agency will notify those lenders whose responses are selected via a Notice to Proceed with Application Processing letter. The Agency 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. VI. Award Administration Information Obligation of Program Funds: The Agency will only obligate funds to projects that meet the requirements for obligation under 7 CFR part 3565 and this NOFA, 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 PO 00000 Frm 00008 Fmt 4703 Sfmt 4703 applications to the Agency. Once a complete application is received and approved, the Agency’s State Office will submit a request to obligate funds to the Agency’s National Office. Starting on the Friday following the date the NOFA is published; obligation requests submitted to the National Office will be accumulated, but not obligated throughout the week until midnight Eastern Time every Thursday. To the extent that funds remain available, the Agency will obligate the requests accumulated through the weekly request deadline of the previous week by the following Tuesday (i.e., requests received from Friday, May 16, 2014, to Thursday, May 22, 2014, will be obligated by Tuesday, May 27, 2014). In the event of a tie, priority will be given to the request for the project that: 1st— 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 completion of any conditional requirements. Non-Discrimination Statement USDA prohibits discrimination against its customers, employees, and applicants for employment on the bases of race, color, national origin, age, disability, sex, gender identity, religion, reprisal and, where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or if all or part of an individual’s income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.) If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/ E:\FR\FM\21MYN1.SGM 21MYN1 Federal Register / Vol. 79, No. 98 / Wednesday, May 21, 2014 / Notices complaint_filing_cust.html, or at any USDA office, or call (866) 632–9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue SW., Washington, DC 20250– 9410, by fax (202) 690–7442 or email at program.intake@usda.gov. Individuals who are deaf, hard of hearing, or have speech disabilities and wish to file either an EEO or program complaint please contact USDA through the Federal Relay Service at (800) 877– 8339 or (800) 845–6136 (in Spanish). Persons with disabilities, who wish to file a program complaint, please see information above on how to contact us by mail directly or by email. If you require alternative means of communication for program information (e.g., Braille, large print, audiotape, etc.) please contact USDA’s TARGET Center at (202) 720–2600 (voice and TDD). ‘‘USDA is an equal opportunity provider, employer, and lender.’’ Dated: May 15, 2014. Tony Hernandez, Administrator, Housing and Community Facilities Programs. [FR Doc. 2014–11733 Filed 5–20–14; 8:45 am] BILLING CODE 3410–XV–P DEPARTMENT OF COMMERCE mstockstill on DSK4VPTVN1PROD with NOTICES Submission for OMB Review; Comment Request The Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35). Agency: U.S. Census Bureau. Title: Current Population Survey (CPS) Basic Demographics. OMB Control Number: 0607–0049. Form Number(s): CPS–263, CPS– 263(SP), CPS–264, CPS–264(SP), CPS– 266, BC–1428, BC–1428(SP), BC–1433, BC–1433(SP), CPS–692. Type of Request: Extension of a currently approved collection. Burden Hours: 19,347. Number of Respondents: 59,000. Average Hours per Response: 1.64 minutes. Needs and Uses: The CPS has been the source of official government statistics on employment and unemployment for over 50 years. The Bureau of Labor Statistics (BLS) and the VerDate Mar<15>2010 18:28 May 20, 2014 Jkt 232001 U.S. Census Bureau jointly sponsor the basic monthly survey, and the Census Bureau prepares and conducts all the field work. The Census Bureau provides the BLS with data files and tables. The BLS seasonally adjusts, analyzes, and publishes the results for the labor force data in conjunction with the demographic characteristics. In accordance with the OMB’s request, the Census Bureau and the BLS divide the clearance request in order to reflect the joint sponsorship and funding of the CPS program. Title 29, United States Code, Sections 1–9, authorizes the collection of labor force data in the CPS. The justification that follows is in support of the demographic data. The demographic information collected in the CPS provides a unique set of data on selected characteristics for the civilian noninstitutional population. Some of the demographic information we collect is age, marital status, gender, Armed Forces status, education, race, origin, and family income. We use these data in conjunction with other data, particularly the monthly labor force data, as well as periodic supplement data. We also use these data independently for internal analytic research and for evaluation of other surveys. In addition, we need these data to correctly control estimates of other characteristics to the proper proportions of age, gender, race, and origin. We use the CPS data on household size and composition, age, education, ethnicity, and marital status to compile monthly averages or other aggregates for national and sub-national estimates. We use these data in four principal ways: In association with other data, such as monthly labor force or periodic supplement publications; for internal analytic research; for evaluation of other surveys and survey results; and as a general purpose sample and survey. The demographic data are central to the publication of all labor force data in the BLS’ monthly report Employment and Earnings. The data set that results from combining the monthly labor force data with the demographic data provides analysts with the ability to understand labor force patterns of many subpopulation groups. This is particularly important since the federal government often directs initiatives at special groups that historically have not conformed to general labor force participation patterns. Analysts also use the demographic data in association with all supplement publications. (We describe supplements later in this section.) For example, publications that use these data are Fertility of American Women, School Enrollment—Social and Economic PO 00000 Frm 00009 Fmt 4703 Sfmt 4703 29165 Characteristics of Students and Educational Attainment in the United States (Series P–20). Comparably, researchers are able to characterize the population within the subject area of the many supplements conducted in conjunction with the CPS. For instance, the Annual Social and Economic Supplement identifies which subpopulation groups, as established by the demographic variables, experience the highest incidence of poverty. While we collect and support independently the demographic variables, the labor force data, and the supplement inquiries, their use as a combined data set enhances the utility of each. The Census Bureau also uses the demographic data extensively for internal analytic work. For example, we use these data to develop estimates of family and household types and metropolitan and nonmetropolitan populations. We use these estimates to identify population trends between decennial censuses and to analyze the growth and distribution of various racial and ethnic groups. We may then use this information in preparing reports on these subjects or in determining the accuracy of population controls used throughout the Census Bureau. As is noted below, we use the demographic data to improve our postcensal population estimates (that is, the components of emigration and undocumented immigration). Also, we use the CPS as a source for other survey samples. A household remains in the CPS sample for 16 months. Other surveys conducted by the Census Bureau may use a CPS sample when it is no longer part of the CPS. In 2006, the National Survey of Fishing, Hunting, and Wildlife-Associated Recreation, sponsored by the Department of the Interior, used retired cases from the CPS sample. The ongoing American Time Use Survey, sponsored by the BLS uses expired CPS sample. By using the CPS demographics to select their samples, other surveys have been able to avoid screening samples and to obtain accurate estimates by demographics. Another use of the demographic data is in evaluating other survey results. For example, analysts control the results of the National American Housing Survey to the CPS monthly averages of households. Similarly, in order to determine the plausibility of the results of the Survey of Income and Program Participation (SIPP), analysts continuously compare the data on household and family composition from the SIPP to the CPS monthly household and family composition data. E:\FR\FM\21MYN1.SGM 21MYN1

Agencies

[Federal Register Volume 79, Number 98 (Wednesday, May 21, 2014)]
[Notices]
[Pages 29159-29165]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-11733]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Funding Availability (NOFA) for Loan Guarantees Under 
Section 538 Guaranteed Rural Rental Housing Program (GRRHP) for Fiscal 
Year 2014

AGENCY: Rural Housing Service, USDA.

ACTION: NOFA.

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

[[Page 29160]]

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) 2014. The Consolidated Appropriations 
Act, 2014, Public Law 113-76 (January 17, 2014) appropriated $150 
million in FY 2014. 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. Successful applications will be selected by the Agency for 
funding and subsequently awarded to the extent that funding may 
ultimately be made available to the Agency through appropriations.
    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 response 
score.

DATES: Eligible responses to this Notice will be accepted until 
December 31, 2015, 12:00 p.m. Eastern Time. Selected responses that 
develop into complete applications and meet all Federal eligibility 
requirements prior to September 30, 2014 will receive conditional 
commitments until all FY 2014 funds are expended. Selected responses to 
this Notice that are deemed eligible for further processing after 
September 30, 2014, will be funded to the extent an appropriation act 
provides sufficient funding in the fiscal year the response is 
selected. Responses are subject to the fee structure in effect on the 
fiscal year they are selected.
    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, may be found at http://www.rurdev.usda.gov/recd_map.html.

    Note:  Telephone numbers listed there are not toll-free.


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 or 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, 2015, 12:00 p.m. Eastern 
Time.

I. 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 
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 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' 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 2014 program dollars 
without having to complete a FY 2014 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 2013 and 
previous fiscal years (outstanding prior years approved applications) 
that are obligated in FY 2014, however, are subject to ``PROGRAM FEES 
FOR FY 2014'' section in this Notice. Outstanding prior 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 
2014 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.

II. Award Information

    Anyone interested in submitting an application for funding under 
this program is encouraged to consult the Rural Development Web site 
http://www.rurdev.usda.gov/HAD-Guaranteed_Rental_Loans.html 
periodically for updated information regarding the status of funding 
authorized for this program.
    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 
and Section 514/516 Farm Labor Housing (FLH) (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 in 7 CFR 3560.406, in the transfer of existing 
direct Section 515 and Section 514/516 FLH, is an eligible use of 
guaranteed loan proceeds. In order to be considered, the transfer of 
Section 515 and Section 514/516 FLH and MPR projects must need repairs 
and undergo

[[Page 29161]]

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 
(LIHTC).
    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 Consolidated Appropriations Act, 2014 did not 
fund interest credit.
    Program Fees for FY 2014: The Consolidated Appropriations Act, 
2014, Public Law 113-76 (January 17, 2014) continued the provision 
``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 2014. 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 2014 funds. The fees are as follows:
    1. Initial guarantee fee. The Agency will charge an initial 
guarantee fee equal to 1 percent 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 
(\1/2\ 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 application fee.
    7. There is no lender application fee for lender approval.
    8. There is no surcharge for the guarantee of construction 
advances.

III. 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.
    Lenders whose responses are selected will be notified by the Agency 
to submit a request for GRRHP lender approval within 30 days of 
notification. Lenders who request GRRHP approval must meet the 
standards in 7 CFR 3565.103.
    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.

IV. Application and Submission Information

    NOFA responses can be submitted either electronically using the 
Section 538 electronic NOFA response form found at: http://www.rurdev.usda.gov/HAD-Guaranteed_Rental_Loans.html or in hard copy 
and submitted to the appropriate Rural Development State Office where 
the project will be located. USDA Rural Development State Offices, 
their addresses, and telephone numbers may be found at http://www.rurdev.usda.gov/recd_map.html, Note: Telephone numbers listed are 
not toll-free. Applicants are strongly encouraged, but not required, to 
submit the NOFA response electronically.
    The electronic form contains a button labeled ``Send Form.'' By 
clicking on the button, the applicant will see an email message window 
with an attachment that includes the electronic form the applicant 
filled out as a data file with an .fdf extension. In addition, an auto-
reply acknowledgement will be sent to the applicant when the electronic 
NOFA Response form is received by the Agency unless the sender has 
software that will block the receipt of the auto-reply email. The State 
Office will record NOFA responses received electronically by the actual 
date and time when all attachments are received at the State Office.
    Submission of the electronic Section 538 NOFA response form does 
not constitute submission of the entire application package which 
requires additional forms and supporting documentation.
    Content of 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

[[Page 29162]]

later than 30 calendar days from the date of receipt of the response by 
the Agency. Complete responses are to include a signed cover letter 
from the lender, on the lender's letterhead. 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 number.
Lender Contact Name....................  Name of the lender contact for
                                          loan.
Mailing Address........................  Lender's complete mailing
                                          address.
Phone ........................  Phone number for lender
                                          contact.
Fax ..........................  Insert lender's fax number.
E-mail Address.........................  Insert lender contact e-mail
                                          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
                                          number.
Borrower DUNS ................  Insert DUNS number.
Borrower Address, including County.....  Insert borrower's address and
                                          county.
Borrower Phone , fax   Insert borrower's phone number,
 and e-mail address.                      fax number and e-mail 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.
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 3560.406) of     including equity payments, are
 Existing Direct Section 515 and          subject to Agency approval and
 Section 514/516 FLH or MPR.              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 where the
                                          project is located.
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 number 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 number 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.
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.

[[Page 29163]]

 
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 Information:
    (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: (6) (5) Competitive Criteria: Information 
that shows how the proposal is responsive to the selection criteria 
specified in this Notice.

V. Application Review Information

    Scoring of Priority Criteria for Selection: All FY 2014 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 LIHTC funding 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
20,001-35,000 people..........................................         0
------------------------------------------------------------------------

    Priority 2--The neediest communities as determined by the median 
income from the most recent census data published by the United States 
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 and 
Section 514/516 FLH 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 
3565.205) will receive an additional 10 points. If the transfer of 
existing Section 515 and Section 514/516 FLH 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. 
Because Energy Star for Homes is a requirement within other programs 
such as LEED and Green Communities, points will only be awarded 
separately for Energy Star for Homes if it is the only program in which 
the project is enrolled, excluding local programs that do not require 
participation in Energy Star for Homes:
     Energy Star for Homes--5 points;
     Green Communities by the Enterprise Community Partners 
(www.enterprisefoundation.org)--10 points;
     LEED for Homes program by the U.S. Green Building Council 
(USGBC)

[[Page 29164]]

(www.usgbc.org)--Certified (10 points), Silver (12 points), Gold (15 
points), or Platinum (25 points);
     Home Innovation's National Green Building 
StandardTM (NGBS) certification program 
(www.homeinnovation.com/green)--Bronze (10 points), Silver (12 points), 
Gold (15 points), or Emerald (25 points); or
     A State or local green building program--2 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.aspx;
     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.
    (C) Energy Generation (maximum 5 points). Pre-applications for new 
construction or purchase and rehabilitation of non-program multi-family 
projects which participate in the Energy Star for Homes V3 Program, 
Green Communities, LEED for Homes or NAHB's National Green Building 
Standard (ICC-700) 2008, receive at least 8 points for Energy 
Conservation measures (if limited rehabilitation only) in the point 
allocations above are eligible to earn additional points for 
installation of on-site renewable energy sources. In order to receive 
more than 1 point for this energy generation section, an accurate 
energy analysis prepared by an engineer will need to be submitted with 
the pre-application. Energy analysis of preliminary building plans 
using industry-recognized simulation software must document the 
projected total energy consumption of the building, the portion of the 
building consumption which will be satisfied through on-site generation 
and the building's Home Energy Rating System (HERS) score.
    Projects with an energy analysis of the preliminary or 
rehabilitation building plans that propose a 10 percent to 100 percent 
energy generation commitment (where generation is considered to be the 
total amount of energy needed to be generated on-site to make the 
building a net-zero consumer of energy) will be awarded points as 
follows:
     (a) 0 to 9 percent commitment to energy generation 
receives 0 points;
     (b) 10 to 29 percent commitment to energy generation 
receives 1 point;
     (c) 30 to 49 percent commitment to energy generation 
receives 2 points;
     (d) 50 to 69 percent commitment to energy generation 
receives 3 points;
     (e) 70 to 89 percent commitment to energy generation 
receives 4 points;
     (f) 90 percent or more commitment to energy generation 
receives 5 points.
    Notifications: Responses will be reviewed for completeness and 
eligibility. The Agency will notify those lenders whose responses are 
selected via a Notice to Proceed with Application Processing letter. 
The Agency 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.

VI. Award Administration Information

    Obligation of Program Funds: The Agency will only obligate funds to 
projects that meet the requirements for obligation under 7 CFR part 
3565 and this NOFA, 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 Agency's State Office will 
submit a request to obligate funds to the Agency's National Office. 
Starting on the Friday following the date the NOFA is published; 
obligation requests submitted to the National Office will be 
accumulated, but not obligated throughout the week until midnight 
Eastern Time every Thursday. To the extent that funds remain available, 
the Agency will obligate the requests accumulated through the weekly 
request deadline of the previous week by the following Tuesday (i.e., 
requests received from Friday, May 16, 2014, to Thursday, May 22, 2014, 
will be obligated by Tuesday, May 27, 2014). In the event of a tie, 
priority will be given to the request for the project that: 1st--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 completion of any 
conditional requirements.

Non-Discrimination Statement

    USDA prohibits discrimination against its customers, employees, and 
applicants for employment on the bases of race, color, national origin, 
age, disability, sex, gender identity, religion, reprisal and, where 
applicable, political beliefs, marital status, familial or parental 
status, sexual orientation, or if all or part of an individual's income 
is derived from any public assistance program, or protected genetic 
information in employment or in any program or activity conducted or 
funded by the Department. (Not all prohibited bases will apply to all 
programs and/or employment activities.)
    If you wish to file a Civil Rights program complaint of 
discrimination, complete the USDA Program Discrimination Complaint 
Form, found online at http://www.ascr.usda.gov/

[[Page 29165]]

complaint--filing--cust.html, or at any USDA office, or call (866) 632-
9992 to request the form. You may also write a letter containing all of 
the information requested in the form. Send your completed complaint 
form or letter to us by mail at U.S. Department of Agriculture, 
Director, Office of Adjudication, 1400 Independence Avenue SW., 
Washington, DC 20250-9410, by fax (202) 690-7442 or email at 
program.intake@usda.gov.
    Individuals who are deaf, hard of hearing, or have speech 
disabilities and wish to file either an EEO or program complaint please 
contact USDA through the Federal Relay Service at (800) 877-8339 or 
(800) 845-6136 (in Spanish). Persons with disabilities, who wish to 
file a program complaint, please see information above on how to 
contact us by mail directly or by email. If you require alternative 
means of communication for program information (e.g., Braille, large 
print, audiotape, etc.) please contact USDA's TARGET Center at (202) 
720-2600 (voice and TDD). ``USDA is an equal opportunity provider, 
employer, and lender.''

    Dated: May 15, 2014.
Tony Hernandez,
Administrator, Housing and Community Facilities Programs.
[FR Doc. 2014-11733 Filed 5-20-14; 8:45 am]
BILLING CODE 3410-XV-P