[Federal Register Volume 63, Number 243 (Friday, December 18, 1998)]
[Notices]
[Pages 70154-70155]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-33491]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4384-FA-04]
Funding Awards for the Native American Rural Housing and Economic
Development Initiative Fiscal Year 1998
AGENCY: Office of the Assistant Secretary for Public and Indian
Housing, HUD.
ACTION: Announcement of funding awards.
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SUMMARY: In accordance with section 102(a)(4)(C) of the Department of
Housing and Urban Development Reform Act of 1989, this document
notifies the public of funding awards for the Native American Rural
Housing and Economic Development Initiative Grants for Fiscal Year
1998.
FOR FURTHER INFORMATION CONTACT: Jacqueline Johnson, Deputy Assistant
Secretary, Office of Native American Programs, Department of Housing
and Urban Development, 451 Seventh Street, SW, Washington, DC 20410,
telephone (202) 401-7914 (this is not a toll-free number). Hearing- or
speech-impaired persons may access this number via TTY by calling the
toll-free Federal Information Relay Service at 1-800-877-8339.
SUPPLEMENTARY INFORMATION:
I. The FY 1998 Native American Rural Housing and Economic
Development Initiative
The Departments of Veterans Affairs and Housing and Urban
Development, and Independent Agencies Appropriations Act, 1998 (Pub. L.
105-65, 111 Stat. 1344, 1357; approved October 27, 1997) (the FY 1998
HUD Appropriations Act) provided $25 million for grants (not to exceed
$4,000,000 each) to rural and tribal areas, including at least one
Native American area in Alaska and one rural area in each of the States
in Iowa and Missouri. The purpose of these grants is to test
comprehensive approaches to developing a job base through economic
development, developing affordable low and moderate-income rental and
homeownership housing, and increasing the investment of both private
and nonprofit capital.
Of these $25 million made available by the FY 1998 HUD
Appropriations Act, HUD has awarded $9 million for economic development
and affordable housing activities in Native American areas (the ``FY
1998 Native American Rural Housing and Economic Development
Initiative''). The FY 1998 Native American Rural Housing and Economic
Development Initiative consists of four funding awards:
One title VI capacity-building grant ($3 million);
Two rural housing and economic development grants ($2 million
each); and
One rural housing and economic development mortgage funding grant
($4 million).
II. Title VI Loan Guarantee Capacity Building Grants
On July 23, 1998 (63 FR 39686), HUD published a notice announcing
the availability of up to $4 million from the $25 million authorized
under the FY 1998 HUD Appropriations Act for rural housing activities.
Under the July 23, 1998 notice of funding availability (NOFA), HUD
awarded a single competitive grant of $3 million to a technical
assistance provider who will use the grant funds to provide capacity-
building technical assistance to Indian tribes or Tribally Designated
Housing Entities (TDHEs) that have been granted a loan guarantee under
title VI of the Native American Housing Assistance and Self-
Determination Act of 1996 (25 U.S.C. 4101 et seq.) (NAHASDA).
This notice publishes the name and address of the highest scoring
applicant under the July 23, 1998 NOFA who was selected to act as the
technical assistance provider to Indian Tribes and TDHEs (see Section
V. of this notice). The purposes of the grant awarded under the July
23, 1998 NOFA are to:
1. Strengthen the economic feasibility of projects guaranteed under
Title VI of NAHASDA;
2. Directly enhance the security of Title VI guaranteed loans;
3. Finance affordable housing activities and related projects that
will provide near-term results;
4. Demonstrate economic benefits such as homeownership
opportunities, increased housing availability, housing
[[Page 70155]]
accessibility and visitability and job creation related to the approved
Title VI demonstration project; and
5. Attainment of Indian Housing Plan goals and objectives.
III. Rural Housing and Economic Development Grants
As noted above, the FY 1998 HUD Appropriations Act specifically
directs HUD to make a grant, not to exceed $4 million, to at least one
Native American area in Alaska. In accordance with this statutory
language, HUD has made two grants (of $2 million each) to two
organizations located in Alaska Native areas. The purpose of these
grants is to test comprehensive approaches to economic development and
affordable housing in these areas. This notice publishes the names and
addresses of these award recipients (see Section V. of this notice).
IV. Rural Housing and Economic Development Mortgage Funding Grant
In addition to the three grants describe above, HUD has awarded a
$2 million grant to Pine Ridge, South Dakota for the provision of
homeownership counseling and other related services. The grantee shall
use these funds to establish a Federal Housing Administration Loan
Correspondent Corporation which shall provide for home mortgage loans,
direct lending for home improvement loans, non-conforming loans,
construction contingency reserves and interest rate reduction services.
This action also enhances economic development through job creation to
staff the organization for a period of two years.
V. Funding Award Recipients
Section 102(a)(4)(C) of the Department of Housing and Urban
Development Act of 1989 (42 U.S.C. 3545) (the HUD Reform Act) requires
that HUD notify the public of all funding decisions made by HUD. In
accordance with section 102(a)(4)(C) of the HUD Reform Act, this notice
provides details regarding the recipients of funding awards under the
FY 1998 Native American Rural Housing and Economic Development
Initiative, as follows:
Title VI Loan Guarantee Capacity Building Grant
IHA Management Systems, Inc.; 15414 N. 7th Street, Suite 8-145;
Phoenix, AZ 85022 ($3 million).
Rural Housing and Economic Development Grant
1. Alaska Native Heritage Center, Inc., 2525 C Street, Suite 301,
Anchorage, AK 99503 ($2 million).
2. Bristol Bay Housing Authority, P.O. Box 50, Dillingham, AK 99576
($2 million).
Rural Housing and Economic Development Mortgage Funding Grant
Oglala Sioux Lakota Tribe, P.O. Box C, Pine Ridge, SD 57770 ($2
million).
VI. Catalog of Federal Domestic Assistance
The Catalog of Federal Domestic Assistance number for this program
is 14.867.
Dated: December 14, 1998.
Harold Lucas,
Assistant Secretary for Public and Indian Housing.
[FR Doc. 98-33491 Filed 12-17-98; 8:45 am]
BILLING CODE 4210-33-P
