[Federal Register Volume 78, Number 98 (Tuesday, May 21, 2013)]
[Notices]
[Pages 29770-29771]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-11995]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5321-N-05]
Notice of Fund Availability (NOFA) for the Neighborhood
Stabilization Program 2 (NSP2) Under the American Recovery and
Reinvestment Act, 2009: Announcement of Availability of Updated
Foreclosure Information
AGENCY: Office of the Assistant Secretary for Community Development and
Planning, HUD.
ACTION: Notice; announcement of updated information.
-----------------------------------------------------------------------
SUMMARY: On May 4, 2009, HUD posted its Fiscal Year (FY) 2009 NSP2
NOFA. This document makes changes to the NSP2 NOFA to allow NSP2
grantees to use an updated foreclosure needs map and associated needs
index score in selecting geographic target areas.
DATES: Effective Date: May 21, 2013.
FOR FURTHER INFORMATION CONTACT: Stanley Gimont, Director, Office of
Block Grant Assistance, Office of Community Planning and Development,
Department of Housing and Urban Development, 451 Seventh Street, SW.,
Room 7286, Washington, DC 20410, telephone number 202-708-3587. Persons
with hearing or speech impairments may access this number via TTY by
calling the Federal Relay Service at 800-877-8339. FAX inquiries may be
sent to Mr. Gimont at 202-401-2044. (Except for the ``800'' number,
these telephone numbers are not toll-free.)
SUPPLEMENTARY INFORMATION:
Background
On May 4, 2009, HUD posted its FY 2009 NSP2 NOFA on the Grants.Gov
Web site \1\ and on HUD's own Web site.\2\ The NOFA announced the
availability of up to $1.93 billion for HUD's FY2009 NSP2 Program. The
purpose of the program is to stabilize communities that have suffered
from foreclosures and abandonment through the purchase and
redevelopment of foreclosed and abandoned homes and residential
properties. NSP2 is authorized by the Housing and Economic Recovery Act
(Public Law 110-289) (HERA), as amended by Title XII of Division A of
the American Reinvestment and Recovery Act of 2009 (Public Law 111-005)
(Recovery Act).
---------------------------------------------------------------------------
\1\ See http://www07.grants.gov/search/search.do?oppId=47326&mode=VIEW.
\2\ See http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_14161.pdf.
---------------------------------------------------------------------------
The NSP2 NOFA requires grantees to carry out NSP2 activities in a
HUD-approved target area. HUD developed a foreclosure needs map Web
site to assist grantees in selecting target areas that meet the
criteria for NSP2 funding. For NSP2, the foreclosure needs map provides
foreclosure-related needs scores at the census tract level and grantees
select one or more census tracts that have an average combined index
score of 18 or greater as indicated by the map. The needs scores were
generated with foreclosure data from 2005-2008. This data is now dated
and in many cases it no longer reflects the foreclosure market in NSP2
target areas. Further, HUD updated mapping capabilities for its
Neighborhood Stabilization Program 3 (NSP3), allowing NSP3 grantees to
draw the outline of a targeted neighborhood rather than selecting best-
fit census tracts. This method allows a better correlation between the
data provided and the target geography.
Updated Foreclosure Data for Use by NSP2 Grantees
To take advantage of the refreshed data and improved maps, HUD has
updated the foreclosure needs map with more recent data that combines
foreclosures, pre-foreclosures, real-estate-owned, and vacant property
transactions in the past 18 months. From the effective date of this
notice published in today's edition of the Federal Register, all NSP2
grantees must begin using the updated foreclosure needs map Web site
when amending their currently approved target areas. Grantees may
continue
[[Page 29771]]
working in target areas approved by HUD prior to the effective date of
this notice, but any amendments made to NSP2 for new target areas must
qualify based on information from the new data.
Amendment to FY 2009 NSP2 NOFA
The FY2009 NSP2 NOFA posted on May 4, 2009, under Docket No. FR-
5321-N-01, as modified by Docket No. FR-5321-C-02, issued June 11,
2009,\3\ is amended by revising Paragraph II.B.8.b., pertaining to
Geographic Need to replace paragraph b.2. in its entirety so that
paragraph 8.b. reads as follows:
---------------------------------------------------------------------------
\3\ http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_14165.pdf.
---------------------------------------------------------------------------
b. For applicants proposing to carry out NSP2 activities, the
neighborhoods identified must meet one or the other of the following
requirements (you may only select one method):
(1) The average foreclosure needs index score for the identified
target geography must be 18 or greater, as indicated by the index; or
(2) For any target area change after May 21, 2013, the individual
or average combined index score for all new target areas in the
grantee's geography must be not less than the lesser of 17 or the
twentieth percentile most needy score in an individual state. The
scores for target areas approved prior to May 21, 2013 will not be
included in the average combined index score for the new target areas
and grantees may continue to use NSP2 funds in those prior approved
target areas.
Dated: May 10, 2013.
Mark Johnston,
Deputy Assistant Secretary for Special Needs.
[FR Doc. 2013-11995 Filed 5-20-13; 8:45 am]
BILLING CODE 4210-67-P