[Federal Register Volume 59, Number 80 (Tuesday, April 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-9887]
[[Page Unknown]]
[Federal Register: April 26, 1994]
_______________________________________________________________________
Part IV
Department of Housing and Urban Development
_______________________________________________________________________
Office of the Assistant Secretary for Housing-Federal Housing
Commissioner
_______________________________________________________________________
Section 8 Community Investment Demonstration Program; Funding
Availability for Fiscal Year 1994; Notice
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Housing-Federal Housing
Commissioner
[Docket No. N-94-3729; FR-3623-N-01]
Funding Availability (NOFA) for Fiscal Year 1994, Section 8
Community Investment Demonstration Program
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice of funding availability (NOFA) for Fiscal Year (FY)
1994.
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SUMMARY: This NOFA announces the availability of $100 million in FY
1994 section 8 budget authority for a national competition to be
administered by the Department of Housing and Urban Development
pursuant to section 6 of the HUD Demonstration Act of 1993. That
section directs the Secretary to carry out ``a demonstration program to
attract pension fund investment in affordable housing through the use
of project-based rental assistance under section 8 of the United States
Housing Act of 1937.'' This NOFA invites pension funds (public or
private) or their affiliates to submit applications to participate in
this new demonstration program.
Under this demonstration, selected pension funds will receive a
set-aside of section 8 funding authority. They will select projects to
be assisted, within guidelines established by HUD, and submit them to
the Department for approval. New construction and substantial
rehabilitation projects are eligible. At least 50 percent of the set-
aside must be for HUD-owned properties or properties with HUD-held
mortgages. No more than 50 percent of the units in any project (except
HUD-owned or HUD-held) may be assisted; however, HUD may provide
exceptions to this rule for limited special circumstances such as
meeting the needs of the homeless, disabled or displaced. In the case
of HUD-owned properties, the number of units required to be assisted
will be determined in the disposition plan in accordance with statutory
requirements. The pension fund will provide assistance from its set-
aside for one-half the number of units to be assisted as determined in
the disposition plan; HUD will provide the other one-half from its
property disposition set-aside.
If the project-specific proposal is approved by HUD, a portion of
the pension fund's section 8 set-aside will be assigned to the project.
After completion of construction or rehabilitation, pursuant to an
agreement between HUD and the project owner, a Housing Assistance
Payments Contract will be executed between the owner and HUD. Under
this Contract, the owner will be responsible for all management and
operation of the project, including determining eligibility of and
leasing to low-income families.
The NOFA contains information for the applicants regarding the
allocation of section 8 budget authority, the application process,
including the application requirements and the deadline for filing
applications; pension fund selection criteria; and the selection
criteria for selecting specific projects to be funded.
Detailed instructions and guidelines implementing this
demonstration are contained in HUD Notice 94-19. Prospective applicants
should request a copy of the Notice from the address below before
submitting an application to participate in the demonstration.
DATES: This NOFA will remain open until all Section 8 authority has
been allocated or reallocated. HUD will accept applications no earlier
than 30 days after publication of this NOFA. Processing of applications
will commence in order of receipt. Applications received during each 15
calendar day period, beginning 30 days after publication of this NOFA,
will be evaluated against each other. Initial approval will be given no
earlier than 45 days after publication.
ADDRESSES: The HUD headquarters is the official place of receipt of all
applications. The address is Department of Housing and Urban
Development, Office of Insured Multifamily Housing Development, room
6134, 451 Seventh Street, SW., Washington, DC 20401-8000. Each
submission should be clearly identified on the exterior as a ``Section
8 Community Investment Demonstration Program Application.''
A presubmission conference for parties who may be interested in
participating in this demonstration program has been scheduled at 1:00
p.m., May 11, 1994, in room 10233, Departmental Conference Room, at HUD
headquarters. While not a precondition to eligibility for submission of
a formal application, representatives of the pension funds or their
affiliates are encouraged to attend.
FOR FURTHER INFORMATION CONTACT: Joseph E. Malloy, Office of Insured
Multifamily Housing Development, room 6134, telephone (202) 708-3000,
or Richard L. Schmitz, Policies and Procedures Division, room 6138,
Telephone (202) 708-1113. Both addresses are at the Department of
Housing and Urban Development, 451 Seventh Street, SW., Washington, DC
20401-8000. (These telephone numbers are not toll-free).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act Statement
The information collection requirements contained in this NOFA have
been approved by the Office of Management and Budget (OMB) under the
Paperwork Reduction Act of 1980. OMB has approved the section 8
information collection requirements under the assigned control number
2577-0169.
(I) Purpose and Substantive Description
(A) Background
Section 6 of the HUD Demonstration Act of 1993 (Pub. L. 103-120,
107 Stat. 1144, approved October 27, 1993) directs the Secretary of HUD
to carry out a demonstration program to attract pension fund investment
in affordable housing through the use of project-based rental
assistance under section 8 of the United States Housing Act of 1937. In
carrying out this demonstration program the Secretary must ensure that
not less than 50 percent of the funds appropriated for each year are
used in conjunction with the disposition of either: (1) Multifamily
properties owned by the Department; or (2) multifamily properties
securing mortgages held by the Department.
An appropriation of $100 million for fiscal year 1994 was
authorized and has been provided to carry out this demonstration
program.
Project-based section 8 assistance under the program will be
provided pursuant to a contract entered into by the Secretary and the
owner of the eligible housing that: (1) Provides assistance for a term
which, taking into account the financing and other factors relating to
the specific project proposal, is not less than 60 and not greater than
180 months; and (2) provides for contract rents to be determined by the
Secretary.
The Fair Market Rent Schedule for this demonstration is 120 percent
of the Existing Housing Fair Market Rent Schedule most recently
published in the Federal Register. Initial gross rents (contract rents
plus allowance for tenant paid utilities) for any new construction
project, and any substantial rehabilitation project with per unit
rehabilitation costs of $5000 or more, may not exceed the Fair Market
Rents applicable to this demonstration. Initial gross rents for any
substantial rehabilitation project with per unit rehabilitation costs
of less than $5000 may not exceed 100 percent of the published Existing
Housing Fair Market Rent Schedule.
Contract rents must be reasonable on the basis of comparison with
rents for unsubsidized units of similar age, design and location which
include comparable amenities and services.
HUD's multifamily mortgage insurance programs, the risk sharing
programs under section 542 of the Housing and Community Development Act
of 1992, and Farmers Home Administration loan and loan guarantee
programs are not available for housing developed or assisted under this
demonstration program. A pension fund may not have an ownership
interest in a project for which a project-specific proposal is
submitted to HUD or for which assistance is provided under this
demonstration. The Secretary may establish such other standards
regarding financing and securitization of project mortgages as the
Secretary deems appropriate.
This NOFA announces the availability of $100 million in FY 1994
section 8 budget authority to carry out this demonstration program
which will assist between approximately 900 and 2500 units. The number
that can be assisted will vary depending on the level of gross rents
(i.e., contract rents plus allowance for tenant paid utilities),
contract administration fee and term of contract. For example,
Monthly contract rent per unit............................. $500
Tenant paid utility allowance.............................. 50
------------
Monthly gross rent......................................... 550
Number of Units............................................ x 50
------------
27,500
x 12
------------
Annual Section 8 Rental Subsidy............................ 330,000
Administrative Fee\1\...................................... 15,000
------------
Section 8 Contract Authority Reserved...................... 345,000
Length of Contract......................................... \2\ x 15
------------
Total Budget Authority Reserved (15 yr. term)........ 5,175,000
\2\ x 5
------------
Total Budget Authority Reserved (5 yr. term)......... 1,725,000
\1\Based on 5% of the published existing housing fair market rent for a
2BR unit.
\2\Times number of years.
(B) Allocation Amounts
From the amounts of section 8 assistance made available in the VA,
HUD-Independent Agencies Appropriation Act for FY 1994 (Pub. L. 103-
124, 107 Stat. 1275, Approved October 28, 1993) the Department has set
aside $100 million in budget authority for this demonstration program.
No pension fund may receive an initial set-aside of more than $50
million.
A Category A pension fund may receive an initial set-aside of not
more than $50 million. A Category A fund is any pension fund that
identifies and documents in its application the presence of a pipeline
of projects for which project-specific proposals sufficient to use the
total amount of the set-aside requested by it can be submitted to HUD
within 120 days after HUD selects the fund for participation in the
demonstration.
A Category B fund is any pension fund that does not make such
identifications or documentations. A Category B fund may receive an
initial set-aside of not more than $10 million.
The Department may not initially provide (or make a commitment to
provide) more than 50 percent of the funding for housing financed by
any single pension fund, except that this limitation shall cease to
apply if the Secretary, after the end of the 6-month period beginning
on the date of this NOFA determines that: (1) There are no expressions
of interest that are likely to result in approvable applications in the
reasonably foreseeable future; or (2) any such expressions of interest
are not likely to use all funding under this section. If, after the
required six month period, it is determined that, given the extent of
expressions of interest in this demonstration, it does not appear
likely that all of the $100 million in budget authority will be used
(and the Department so informs the Committee on Banking, Finance and
Urban Affairs of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate) the Department then
may reserve funding for, and consider an application from, a pension
fund requesting an award for amounts in excess of $50 million.
The Department may not enter into any new funding commitments under
this program after September 30, 1998.
(C) Eligible Applicants
Any applicant for participation in this program must demonstrate,
to the satisfaction of the Department that: (1) It is a trust, fund,
plan or other program established or maintained by an employer or other
person for the purpose of providing income or benefits to employees
after the termination of employment or deferring income by employees
until the termination of employment; (2) it is an entity that engages
principally in the investment of the funds of such a trust, fund, plan,
or other program; or (3) it is a partnership or organization
established to invest pension funds in affordable multifamily housing.
The applicant must have adequate staff capacity to perform the
functions required under this demonstration or it may contract or enter
into a partnership for such services so long as the applicant is
responsible for overall program administration and decisions.
(D) Pension Fund Applications
1. All applications from pension funds must contain information as
to the number of projects and units expected to be financed, the number
and percent in each project expected to receive Section 8 assistance,
contract terms anticipated, anticipated initial contract rents, total
Section 8 budget authority requested, the number of units to be newly
constructed and the number to be substantially rehabilitated; types of
families (elderly, large, disabled, displaced, homeless or families/
individuals with special needs) and number of each expected to
assisted.
2. All applications must contain information sufficient for HUD to
evaluate the applicant on the basis of the Pension Fund Selection
Criteria set forth in Subpart (E) below.
(E) Pension Fund Selection Criteria
All applications for participation in the demonstration will be
evaluated on the basis of the following criteria. Applicants should
refer to HUD Notice 94-19 for details as to the supporting information
required for each criterion. Applications must contain sufficient
supporting information, in narrative and/or numerical form, as
appropriate, to enable HUD to evaluate the applicants:
1. Past involvement in and capacity to finance multifamily housing;
2. Capability to make overall program and mortgage finance
decisions;
3. Use of its own resources, including how it will maximize the use
of any Section 8 set-aside awarded to it.
4. Use of HUD-owned properties or properties with mortgages held by
HUD in a variety of geographic locations.
5. Efforts to promote economic or neighborhood development and/or
employment opportunities for project area residents; and
6. Ability to move housing to construction/rehabilitation start in
a short time frame.
Applications received during each 15 calendar-day period, beginning
30 days after publication of this NOFA, will be evaluated against each
other. Applications will be selected on the basis of numerical ratings
assigned to the criteria identified above. Additional, more detailed
information and instructions with respect to the above criteria, as
well as on application and program procedures in general, are contained
in HUD Notice 94-19, which will be provided pension funds upon request
to the HUD program headquarters office referred to above.
The Department will formally notify each pension fund as to whether
or not it was selected to participate in this demonstration program and
the amount of set-aside awarded.
(F) Guidelines on Eligible Projects
Pension funds selected by HUD to participate in this demonstration
must submit proposals for projects they wish to finance to the
Department for approval. Each pension fund will be required to use at
least 50% of its section 8 set-aside in connection with HUD-owned
properties or properties with mortgages held by HUD unless the
Department determines that the overall statutory provision to this
effect will be met and approves an exception.
New construction projects are eligible under this demonstration. In
addition, the following types of existing projects are eligible for
substantial rehabilitation:
A multifamily project owned by the Secretary or subject to a
mortgage held by the Secretary that is delinquent, under a workout
agreement, or being foreclosed upon by the Secretary;
A multifamily project eligible for assistance as a troubled project
under section 201 of the Housing Community Development Amendments of
1978;
A multifamily project located in an empowerment zone or enterprise
community designated pursuant to Federal law;
Any other multifamily project, including those to be occupied by
homeless persons or homeless families as defined in section 103 of the
Stewart B. McKinney Homeless Assistance Act.
High rise elevator projects for families with children are not
eligible for this demonstration unless HUD determines there is no
practical alternative.
(G) Project Selection Criteria
Pension funds may establish their own criteria for selecting
project-specific proposals but such criteria must, in the aggregate,
reflect the following public purposes to the satisfaction of the
Secretary:
--Achieving economic mix;
--Increasing housing choices and fostering neighborhood diversity;
--Providing affordable housing for large, low-income families and
providing access to necessary supportive facilities and services;
--Involving other state and local and public and private resources to
achieve these objectives and to limit Section 8 assistance to less than
50% of the units (except in HUD-owned properties or properties with
mortgages held by HUD and under limited special circumstances, such as
assistance for homeless, disabled, or displaced approved by HUD);
--Facilitating maximum use of available Section 8 budget authority by
limiting gross rents to less than the Fair Market Rent Limitations and
contract terms to less than 15 years;
--Facilitating geographic/locality diversity of project sites and
complying with any applicable court orders;
--Using HUD owned properties and properties with mortgages held by HUD
in a variety of geographic locations; and
--Meeting special needs of homeless, disabled, or displaced etc.
More detailed information with respect to these criteria and
methods of selection is contained in HUD Notice 94-19.
Pension funds should be aware that certain projects are not
eligible for participation in this demonstration. These include
projects that are subject to mortgage prepayment restrictions,
including projects meeting the definition of ``eligible low income
housing'' under the Low-Income Housing Preservation and Resident
Homeownership Act of 1990 (LIHPRHA) and projects that are subject to
Section 250(a) of the National Housing Act.
A list of HUD-owned properties is available from HUD Headquarters,
Office of Preservation and Property Disposition, telephone (202) 708-
3343. Information on properties with mortgages held by HUD is available
from the Office of Multifamily Housing Management in HUD Headquarters,
telephone (202) 708-3730.
HUD Notice 94-19 sets forth the format and specific information
needed in order for pension funds to meet the requirements of this
subpart (G).
(H) Section 8 Project-Specific Contract Award
A Category A pension fund will have 120 days from the date of its
selection to participate in the demonstration to submit project-
specific proposals utilizing the total amount of its Section 8 set-
aside. It will have 10 months from the date of selection to commit
(i.e., closing of construction financing) its Section 8 set-aside to
specific projects.
A Category B pension fund will have 12 months to reach closing of
construction financing. It must submit project-specific proposals
sufficient to use its Section 8 set-aside no later than 120 days before
the end of the 12 month period.
Any amount of set-aside not committed to specific projects by the
end of the time periods indicated above may be withdrawn by HUD and
reallocated to other pension funds based on the performance of the
receiving pension fund in utilizing it previous allocation(s) or to
pension funds not previously selected by HUD due to the lack of
available set-aside authority. HUD may extend these deadlines.
Project-specific proposals must include the information and
certifications, and be submitted in the format, identified in HUD
Notice 94-19.
(I) Processing of Project-Specific Proposals
After receipt of a project-specific proposal, HUD, in accordance
with HUD Notice 94-19, will perform certain HUD-retained reviews for
compliance with:
--Site acceptability criteria for this Demonstration;
--Environmental requirements except HUD may accept and adopt an
environmental review in accordance with 24 CFR Part 58 conducted by a
CDBG or HOME grantee;
--Affirmative Fair Housing Marketing requirements;
--Previous participation of project principals in HUD programs;
--Obtain and issue appropriate Davis-Bacon wage rate determinations;
and
--Subsidy layering guidelines, unless the Housing Credit Agency has
agreed to perform subsidy layering reviews for projects receiving Low
Income Housing Tax Credits.
Upon completion of the HUD reviews, Headquarters will notify the
pension fund whether or not the proposal is acceptable, the amount of
Section 8 that will be reserved for the project when the HAP Agreement
is signed and the steps requisite to execution of the HAP Agreement.
(J) Post Approval Processing
The HAP Agreement may not be executed nor may construction or
substantial rehabilitation begin until the certifications required by
HUD Notice 94-19 are submitted to HUD and found acceptable.
(K) Contract Administration
The statute calls for assistance to be provided through ``a
contract entered into by the Secretary and the owner''. It is the
Department's intent to enter into a HUD/Private Owner HAP Agreement and
Contract. HUD will then enter into a contract with an HFA or PHA that
has jurisdiction over the geographic area in which the project is
located. For a fee, the HFA or PHA will carry out certain
administrative or ministerial functions that otherwise would be the
responsibility of HUD as the Section 8 Contract Administrator. Any
administrative fee payable to the HFA or PHA will not exceed 5 percent
of the published 2 bedroom Fair Market Rent for Existing Housing for
the area and will be payable out of the Section 8 contract and budget
authority reserved for each project.
(L) Project Construction and Completion
Project construction, completion and cost certification
requirements are contained in HUD Notice 94-19. HUD may perform field
reviews if necessary to substantiate compliance with program
requirements.
(M) HUD-Private Owner HAP Contract
If the pension fund and owner are in compliance with HUD Notice 94-
19, HUD will execute a HUD-Private Owner HAP Contract with the owner.
The contract will contain provisions relative to: (1) The terms of the
contract which may be not less than 5 nor more than 15 years; (2) the
responsibilities of the owner for project management and maintenance;
(3) a prohibition on the use of other Federal programs so long as the
contract is in effect; (4) a limitation on assistance for the project
to the housing assistance payments available under the Contract; (5)
the requirement that in the event the project is refinanced to lower
the interest rate and/or debt service payment, HUD may reduce the
Contract rents; and (6) the right for HUD to terminate the Contract for
cause if the owner fails to perform in accordance with the provisions
of the Contract.
(N) Supplementary Program Information
Coincident with the preparation of this NOFA the Department has
been developing more detailed information and instructions for program
participants in the form of HUD Notice 94-19. The Office of Insured
Multifamily Housing Development at HUD Headquarters, Room 6134,
Telephone (202) 708-3000, will make these instructions available to
pension funds and other interested parties upon request.
II. Other Matters
(A) Environmental Impact
A Finding of No Significant Impact with respect to the environment
has been made in accordance with the Department's regulations at 24 CFR
part 50, which implement section 102(2)(C) of the National
Environmental Policy Act of 1969 (42 U.S.C. 4332). The Finding is
available for public inspection between 7:30 a.m. and 5:30 p.m.
weekdays in the Office of the Rules Docket Clerk, Office of General
Counsel, Department of Housing and Urban Development, room 10276, 451
Seventh Street, SW., Washington, DC 20410.
(B) Federalism Impact
The General Counsel, as the Designated Official under section 6(a)
of Executive Order 12612, Federalism, has determined that this NOFA
does not have substantial, direct effect on the States, on their
political subdivisions, or on the relationship between the Federal
government and the States, or on the distribution of power or
responsibilities among the various levels of government, because this
NOFA would not substantially alter the established roles of HUD, the
States and local governments.
(C) Impact on the Family
The General Counsel, as the Designated Official under Executive
Order 12606, the Family, has determined that this notice does not have
potential for significant impact on family formation, maintenance, and
general well-being within the meaning of the Executive Order and, thus,
is not subject to review under the Order. This is a funding notice and
does not alter any HUD program requirements affecting the family.
(D) Accountability in the Provision of HUD Assistance
HUD has promulgated a final rule to implement section 102 of the
Department of Housing and Urban Development Reform Act of 1989 (HUD
Reform Act). The final rule is codified at 24 CFR part 12. Section 102
contains a number of provisions that are designed to ensure greater
accountability and integrity in the provision of certain types of
assistance administered by HUD. On January 16, 1992, HUD published at
57 FR 1942, additional information that gave the public (including
applicants for, and recipients of, HUD assistance) further information
on the implementation of section 102. The documentation, public access,
and disclosure requirements of section 102 are applicable to assistance
awarded under this NOFA as follows:
(1) Documentation and Public Access. HUD will ensure that
documentation and other information regarding each application
submitted pursuant to this NOFA are sufficient to indicate the basis
upon which assistance was provided or denied. This material, including
any letters of support, will be made available for public inspection
for a five-year period beginning not less than 30 days after the award
of the assistance. Material will be made available in accordance with
the Freedom of Information Act (5 U.S.C. 552) and HUD's implementing
regulations at 24 CFR part 15. In addition, HUD will include the
recipients of assistance pursuant to this NOFA in its quarterly Federal
Register notice of all recipients of HUD assistance awarded on a
competitive basis. (See 24 CFR 12.14(a) and 12.16(b), and the notice
published in the Federal Register on January 16, 1992 (57 FR 1942), for
further information on these requirements.)
(2) Disclosures. HUD will make available to the public for five
years all applicant disclosure reports (HUD Form 2880) submitted in
connection with this NOFA. Update reports (also Form 2880) will be made
available along with the applicant disclosure reports, but in no case
for a period generally less than three years. All reports--both
applicant disclosures and updates--will be made available in accordance
with the Freedom of Information Act (5 U.S.C. 552) and HUD's
implementing regulations at 24 CFR part 15. (See 24 CFR subpart C, and
the notice published in the Federal Register on January 16, 1992 (57 FR
1942), for further information on these disclosure requirements.)
(E) Prohibition Against Lobbying Activities
The use of funds awarded under this NOFA is subject to the
disclosure requirements and prohibitions of section 319 of the
Department of the Interior and Related Agencies Appropriations Act for
Fiscal Year 1990 (31 U.S.C. 1352) (the ``Byrd Amendment'') and the
implementing regulations at 24 CFR part 87. These authorities prohibit
recipients of Federal contracts, grants, or loans from using
appropriated funds for lobbying the Executive or Legislative Branches
of the Federal Government in connection with a specific contract,
grant, or loan. The prohibition also covers the awarding of contracts,
grants, cooperative agreements, or loans unless the recipient has made
an acceptable certification regarding lobbying. Under 24 CFR part 87,
applicants, recipients, and subrecipients of assistance exceeding
$100,000 must certify that no Federal funds have been or will be spent
on lobbying activities in connection with the assistance.
(F) Prohibition Against Lobbying of HUD Personnel
Section 13 of the Department of Housing and Urban Development Act
(42 U.S.C. 3537b) contains two provisions dealing with efforts to
influence HUD's decisions with respect to financial assistance. The
first imposes disclosure requirements on those who are typically
involved in these efforts--those who pay others to influence the award
of assistance or the taking of a management action by the Department
and those who are paid to provide the influence. The second restricts
the payment of fees to those who are paid to influence the award of HUD
assistance, if the fees are tied to the number of housing units
received or are based on the amount of assistance received, or if they
are contingent upon the receipt of assistance.
HUD's regulation implementing section 13 is codified at 24 CFR part
86. If readers are involved in any efforts to influence the Department
in these ways, they are urged to read the final rule, particularly the
examples contained in Appendix A of the rule. Appendix A of this rule
contains examples of activities covered by this rule.
Any questions concerning the rule should be directed to the Office
of Ethics, Room 2158, Department of Housing and Urban Development, 451
Seventh Street, SW., Washington, DC 20410. Telephone: (202) 708-3815
(voice/TDD). This is not a toll-free number. Forms necessary for
compliance with the rule may be obtained from the local HUD office.
(G) Prohibition Against Advance Information on Funding Decisions
Section 103 of the HUD Reform Act proscribes the communication of
certain information by HUD employees to persons not authorized to
receive that information during the selection process for the award of
assistance. HUD's regulation implementing section 103 is codified at 24
CFR part 4. In accordance with the requirements of section 103, HUD
employees involved in the review of applications and in the making of
funding decisions are restrained by 24 CFR part 4 from providing
advance information to any person (other than an authorized employee of
HUD) concerning funding decisions, or from otherwise giving any
applicant an unfair competitive advantage. Persons who apply for
assistance in this competition should confine their inquiries to the
subject areas permitted by 24 CFR part 4. Applicants who have questions
should contact the HUD Office of Ethics (202) 708-3815 (voice/TDD).
(This is not a toll-free number.)
Dated: April 14, 1994.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 94-9887 Filed 4-25-94; 8:45 am]
BILLING CODE 4210-27-P
