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Notice

Notice of Funds Availability (NOFA) for Section 533 Housing Preservation Grants for Fiscal Year 2004

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Information about this document as published in the Federal Register.

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AGENCY:

Rural Housing Service (RHS), USDA.

ACTION:

Notice.

SUMMARY:

This NOFA announces the availability of funds for section 533 Housing Preservation Grant (HPG) Program. A “Notice of Timeframe for Section 533 Housing Preservation Grants for Fiscal Year 2004” was published in the Federal Register on February 6, 2004 (69 FR 5824). This was done shortly after passage of a final appropriations act to allow sufficient time for applicants to complete an application and for the Agency to select and process selected applications within the current fiscal year. Detailed information regarding the application and selection process, as well as a listing of the Rural Development State Offices, can be found in the February 6, 2004, Notice. Also, in the Notice dated February 6, 2004, the Agency announced a deadline of May 6, 2004, 5 p.m., local time for each Rural Development State Office, for submitting applications for the Section 533 Housing Preservation Grant Program.

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FOR FURTHER INFORMATION CONTACT:

For general information, applicants may contact Tammy Daniels, Loan Specialist, Multi-Family Housing Processing Division, Rural Housing Service, United States Department of Agriculture, Stop 0781, 1400 Independence Avenue, SW, Washington, DC, 20250, telephone (202) 720-0021 (voice) (This is not a toll free number.) or (800) 877-8339 (TDD-Federal Information Relay Service).

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SUPPLEMENTARY INFORMATION:

Programs Affected

This program is listed in the Catalog of Federal Domestic Assistance under Number 10.433, Rural 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). Applicants are referred to 7 CFR 1944.674 and 1944.676(f), (g), and (h) for specific guidance on these requirements relative to the HPG program.

Discussion of Notice

Authority and Distribution Methodology

A. Authority

The HPG program is a grant program which provides qualified public agencies, private nonprofit organizations, and other eligible entities grant funds to assist very low- and low-income homeowners to repair and rehabilitate their homes in rural areas, and to assist rental property owners and cooperative housing complexes to repair and rehabilitate their units if they agree to make such units available to low- and very low-income persons.

B. Distribution Methodology

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 established at the National level. You should contact the State office to determine the allocation and the State maximum grant level, if any. For FY 2004, $8,882,000 is available for the Housing Preservation Grant Program. A set aside of $894,690 has been established for grants located in Empowerment Zones, Enterprise Communities, and REAP Zones, $882,200 has been set aside for the Administrator's reserve and $7,099,110 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 Program Funds.” Decisions on funding will be based on preapplications.

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Dated: March 9, 2004.

Arthur A. Garcia,

Administrator, Rural Housing Service.

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[FR Doc. 04-5961 Filed 3-16-04; 8:45 am]

BILLING CODE 3410-XV-P