[Federal Register Volume 62, Number 225 (Friday, November 21, 1997)]
[Notices]
[Page 62494]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-30596]
[[Page 62493]]
_______________________________________________________________________
Part VIII
Department of Housing and Urban Development
_______________________________________________________________________
Additional Funding Availability and Program Guidelines for
Homeownership Zones; FY 1997; Notice
Federal Register / Vol. 62, No. 225 / Friday, November 21, 1997 /
Notices
[[Page 62494]]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4238-N-05]
Notice of Funding Availability (NOFA) and Program Guidelines for
Homeownership Zones; Fiscal Year 1997; Notice of Additional Funding
AGENCY: Office of the Assistant Secretary for Community Planning and
Development, HUD.
ACTION: Notice of Funding Availability (NOFA); Notice of additional
funding.
-----------------------------------------------------------------------
SUMMARY: This notice announces the availability of an additional $10
million in funding for Homeownership Zones, bringing the total amount
available to $20 million. HUD will, therefore, accept new applications
and amendments to applications previously submitted in response to the
initial NOFA through December 22, 1997. On July 7, 1997, HUD published
the fiscal year (FY) 1997 Notice of Funding Availability (NOFA) and
program guidelines for Homeownership Zones, initially announcing that
$10 million in funding was available for Homeownership Zones. HUD will
consider applications received in response to the initial NOFA in the
competition for the total $20 million.
DEADLINE DATE: One original and two copies of each application must be
received by HUD Headquarters at the address provided below by the
deadline date. One additional copy must be received by the HUD Field
Office by the deadline date. All four copies may be used in reviewing
the application.
Applications Delivered. Applications are due before midnight on
December 22, 1997. Before the deadline date, and on normal workdays
between the hours of 8:30 a.m. and 4:30 p.m., completed applications
will be accepted at the Processing and Control Unit, Room 7255,
Community Planning and Development at the address provided below.
After 4:30 p.m. on the deadline date, hand-delivered applications
will be received at the South Lobby of the Department of Housing and
Urban Development at the address provided below. HUD will treat as
ineligible for consideration hand-delivered applications that are
received after midnight on December 22, 1997.
Applications Mailed. HUD will consider applications as received by
the deadline if they are postmarked before midnight on December 22,
1997, and received by HUD Headquarters within ten (10) calendar days
after that date.
Applications Sent by Overnight Delivery. HUD will consider
applications sent by overnight delivery as having been received by the
deadline upon submission of documentary evidence that they were placed
in transit with the overnight delivery service by no later than
December 22, 1997.
Applications Sent by Facsimile (FAX). HUD will NOT accept any
application sent by FAX.
Applications Sent to HUD Field Offices. One copy of the application
must be received by the HUD field office serving the area in which the
applicant's Homeownership Zone is located. The field office must
receive this copy by the deadline date, but a determination that an
application was received on time will be made solely according to the
receipt of the application at HUD Headquarters in Washington.
ADDRESSES: One original and two copies of the completed application
must be submitted to HUD Headquarters at the following address:
Processing and Control Unit, Room 7255, Office of Community Planning
and Development, Department of Housing and Urban Development, 451
Seventh Street, S.W., Washington, DC 20410. One additional copy of the
application must be sent to the Director of Community Planning and
Development, at the HUD field office serving the State in which the
Homeownership Zone is located (see Appendix A of the July 7, 1997 NOFA
(62 FR 36412, 36419)).
FOR FURTHER INFORMATION CONTACT: Mr. Cliff Taffet, Office of Affordable
Housing Programs, Room 7168, Department of Housing and Urban
Development, 451 Seventh Street, S.W., Washington, DC 20410; telephone
(202) 708-3226 (this is not a toll free number). Hearing-or speech-
impaired individuals may access this number via TTY by calling the
Federal Information Relay Service at (800) 877-TDDY, which is a toll
free number. Interested persons should consult the July 7, 1997 NOFA
for information concerning basic program requirements and eligibility,
and may also contact the appropriate HUD field office at the number and
address provided in Appendix A of the July 7, 1997 NOFA. General
background information about homeownership zones is also available
through Community Connections by calling (800) 998-9999.
SUPPLEMENTARY INFORMATION: On July 7, 1997 (62 FR 36412), HUD published
the FY 1997 NOFA and program guidelines for Homeownership Zones. The
July 7, 1997 NOFA announced the availability of $10 million to help
reclaim distressed neighborhoods by creating homeownership
opportunities for low-and moderate-income families, and to serve as a
catalyst for private investment, business creation, and neighborhood
revitalization. The NOFA contained information concerning basic program
requirements, eligible applicants, funding availability, and
application requirements and procedures. HUD issued a correction to the
July 7, 1997 NOFA and extended the application deadline until September
30, 1997, through a notice published on July 28, 1997 (62 FR 40370).
This notice announces the availability of an additional $10
million, for a total of $20 million in funding for Homeownership Zones.
This notice also announces that HUD is accepting additional
applications and amendments to applications submitted in response to
the initial NOFA through December 22, 1997, as provided above in the
``Deadline Date'' section of this notice. All of the other provisions
of the July 7, 1997 NOFA, as corrected by the notice published on July
28, 1997, apply to the availability and awarding of this additional $10
million. Therefore, applicants for this additional $10 million should
refer to the July 7, 1997 NOFA and the July 28, 1997 notice for
information regarding eligible applicants, the definition of a
Homeownership Zone, the characteristics of a successful Homeownership
Zone, eligible activities, income targeting, Section 108 loan
guarantees and other funding sources, application format, criteria for
rating applications, the selection process, environmental review
requirements, program threshold criteria, technical deficiencies and
technical assistance, other Federal requirements, and other matters.
HUD will consider applications received in response to the July 7, 1997
NOFA by the deadline under that NOFA (September 30, 1997) in the
competition for this additional $10 million available for Homeownership
Zones.
Dated: November 8, 1997.
Jacquie Lawing,
Acting Assistant Secretary for Community Planning and Development.
[FR Doc. 97-30596 Filed 11-20-97; 8:45 am]
BILLING CODE 4210-29-P