Section 538 Guaranteed Rural Rental Housing Program (GRRHP) Demonstration Program for Fiscal Year 2007
The Rural Housing Service (RHS) is correcting a notice published June 11, 2007 (72 FR 32070-32071). This action is taken to extend the application obligation date from August 31, 2007 to September 28, 2007. This correction is to ensure that all applications that meet program criteria and have responded accordingly, will be considered in the Demonstration Program. Accordingly, the Notice published on June 11, 2007 (72 FR 32070- 32071), is corrected as follows: On page 32071, in the first column, second paragraph, under the heading ``Demonstration Program Selection Process,'' the second sentence is corrected to read as follows: ``In the event there are not enough qualified requests for selection into the Demonstration Program to utilize all the available Demonstration Program set-aside funds of approximately $10 million, then the selection process for any remaining funds will be conducted on September 28, 2007, and will include all applications obligated from October 1, 2006 to September 28, 2007.'' All applicants will be notified of the selection results no later than 15 business days from the date of selection.
Notice of Request for Extension of a Currently Approved Information Collection
In accordance with the Paperwork Reduction Act of 1995, this notice announces the Rural Housing Service's (RHS's) intention to request an extension for a currently approved information collection in support of 7 CFR 3560, Direct Multi-Family Housing Loans and Grants.
Notice of Funding Availability (NOFA): Section 515 Multi-Family Housing Preservation Revolving Loan Fund (PRLF) Demonstration Program for Fiscal Year 2007
The Rural Housing Service (RHS) announces the availability of funds and the timeframe to submit applications for loans to private non-profit organizations, or such non-profit organizations' affiliate loan funds and State and local housing finance agencies, to carry out a housing demonstration program to provide revolving loans for the preservation and revitalization of low-income multi-family housing. Housing that is assisted by this demonstration program must be financed by RHS through its multi-family housing loan program under Section 515 of the Housing Act of 1949. The goals of this demonstration program will be achieved through loans making to intermediaries. The intermediaries will establish their programs for the purpose of providing loans to ultimate recipients for the preservation and revitalization of Section 515 multi-family housing as affordable housing.