[Federal Register Volume 59, Number 224 (Tuesday, November 22, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-28736] [[Page Unknown]] [Federal Register: November 22, 1994] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF AGRICULTURE Farmers Home Administration Housing Preservation Grants AGENCY: Farmers Home Administration, USDA. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Farmers Home Administration (FmHA) announces that it is soliciting competitive applications under its Housing Preservation Grant (HPG) program. This action is taken to comply with Agency regulations found in 7 CFR Part 1944, Subpart N, which requires the Agency to announce the opening and closing dates for receipt of preapplications for HPG funds from eligible applicants. The intended effect of this Notice is to provide public agencies, private nonprofit organizations, and other eligible entities notice of these dates. The HPG program will be available to provide repair and rehabilitation assistance to owner(s) of single or multi-unit rental properties and cooperative housing projects, as well as homeowners. DATES: FmHA hereby announces that it will begin receiving preapplications on November 22, 1994. The closing date for acceptance by FmHA of preapplications is February 21, 1995. This period will be the only time during the current fiscal year that FmHA accepts preapplications. Preapplications must be received by or postmarked on or before this date. ADDRESSES: Submit preapplications to FmHA field offices; applicants must contact their FmHA State Office for this information. FOR FURTHER INFORMATION CONTACT: Sue M. Harris-Green, Senior Loan Officer, Multi-family Housing Processing Division, FmHA, USDA, Room 5337, South Agriculture Building, Washington, DC 20250, telephone (202) 720-1606. (This is not a toll free number.) SUPPLEMENTARY INFORMATION: 7 CFR Part 1944, Subpart N provides details on what information must be contained in the preapplication package. Entities wishing to apply for assistance should contact the FmHA State Office to receive further information and copies of the application package. Eligible entities for these competitively awarded grants include State and local governments, nonprofit corporations, Federally recognized Indian Tribes, and consortia of eligible entities. This program is listed in the Catalog of Federal Domestic assistance under No. 10.443, Housing Preservation Grants. This program is subject to the provisions of Executive Order 12372 which requires intergovernmental consultation with State and local officials (7 CFR Part 3015, Subpart V; 48 FR 29115, June 24, 1983). Applicants are also referred to 7 CFR Part 1944, Sections 1944.674 and 1944.676 (d) and (e) for specific guidance on these requirements relative to the HPG program. The funding instrument for the HPG program will be a grant agreement. The term of the grant can vary from 1 to 2 years, depending on available funds and demand. No maximum or minimum grant levels have been set, although based on fiscal year (FY) 1993 and FY 94 experience, the Agency anticipates that the average grant will be between $100,000 and $150,000 for 1 year proposal. For FY 95, $22,000,000 is available and has been distributed under a formula allocation to States pursuant to 7 CFR Part 1940, Subpart L, ``Methodology and Formulas for Allocation of Loan and Grant Funds.'' Decisions on funding will be based on the preapplications, and notices of action on the preapplications should be made no earlier than 66 days prior to the closing date. Dated: November 10, 1994. ------ Michael V. Dunn, ------ Acting Administrator, ------ Rural Housing and Community ------ Development Service. [FR Doc. 94-28736 Filed 11-21-94; 8:45 am] BILLING CODE 3410-07-P