[Federal Register Volume 62, Number 102 (Wednesday, May 28, 1997)]
[Notices]
[Pages 28888-28889]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-13938]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4183-N-02]
Notice of Funding Availability (NOFA) for Fiscal Year 1997 for
Indian Applicants Under the HOME Program; Correction
AGENCY: Office of the Assistant Secretary; Public and Indian Housing,
HUD.
ACTION: Notice of funding availability (NOFA); correction.
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SUMMARY: This notice corrects and clarifies information that was
provided in the notice of funding availability (NOFA) for fiscal year
(FY) 1997 for Indian Applicants Under the HOME Program, published in
the Federal Register on April 11, 1997 (62 FR 17992). Specifically,
this notice corrects two regulatory citations in the NOFA, and it
corrects a misstatement regarding the minimum number of points required
for funding under the competition.
DATES: This notice does not affect the deadline date provided in the
April 11, 1997 NOFA. Applications must still be received by the due
date of June 20, 1997, at the Area Office of Native American Programs
(Area ONAP) having jurisdiction over the applicant on or before 3 p.m.
(Area ONAP local time).
FOR FURTHER INFORMATION CONTACT: Prospective applicants may contact the
appropriate Area ONAP. Refer to Appendix 1 of the April 11, 1997 NOFA
for a complete list of Area ONAPs and telephone numbers.
SUPPLEMENTARY INFORMATION: On April 11, 1997 (62 FR 17992), HUD
published in the Federal Register the Notice of Funding Availability
(NOFA) for Indian Applicants Under the HOME Program for fiscal year
(FY) 1997. The NOFA provided, in section I.(a), under the heading
``Authority,'' that the interim regulations for the Indian HOME program
are codified at 24 CFR part 954 (62 FR 17992). While HUD has published
regulations for the Indian HOME program in the Federal Register (61 FR
32292; June 21, 1996), these regulations did not appear in the May 1,
1996 codification of the Code of Federal Regulations (CFR). These
regulations will appear in the 1997 codification of the CFR. Since the
1997 codification of the CFR is not yet widely available, however, this
notice corrects the NOFA by providing information on the publication of
these regulations in the Federal Register (61 FR 32292; June 21, 1996).
The April 11, 1997 NOFA also provided, in section I.(d), under the
heading ``Selection Criteria and Rating Factors,'' that after the
applications are rated, the project must receive at least 60 points to
be considered for funding (62 FR 17994). Later in that section,
however, where HUD requests that the applicants perform their own
preliminary rating for their project, the NOFA mistakenly provides that
the minimum point score requirement is 50 points. Therefore, this
notice corrects the latter reference to provide that the minimum point
score requirement is 60 points.
Finally, the April 11, 1997 NOFA provides, in section
I.(d)(2)(i)(B) regarding cash flow projection through project
completion, that there must be a projection of costs and revenues for
the time the work is being carried out as well as the time of
maintenance and repair. This projection identifies what the long term
maintenance, repair, and major replacement costs are going to be and
how they will be paid (62 FR 17996). In explaining the phrase ``long
term,'' the NOFA refers to the minimum period of affordability in 24
CFR 92.614. The regulations for the Indian HOME program, however, will
be codified in 24 CFR part 954. Therefore, this notice provides the
correct regulatory citation regarding the minimum period of
affordability, which is Sec. 954.306 (61 FR 32302; June 21, 1996).
Accordingly, FR Doc. 97-9306, the Notice of Funding Availability
(NOFA) for Fiscal Year 1997 for Indian Applicants Under the HOME
Program, published in the Federal Register on April 11, 1997 (62 FR
17992), is amended as follows:
1. On page 17992, column 3, section I.(a), under the heading
``Authority'', the first paragraph is revised to read as follows:
I. Purpose and Substantive Description
(a) Authority
The HOME Investment Partnerships Act (the HOME Act) (title II of
the Cranston-Gonzalez National Affordable Housing Act) was signed into
law on November 28, 1990 (Pub. L. 101-625), and created the HOME
Investment Partnerships (or HOME) Program that provides funds to Indian
tribes to expand the supply of affordable housing for very low-income
and low-income persons. HUD published interim regulations for the
Indian HOME program in the Federal Register on June 21, 1996 (61 FR
32292), to be codified at 24 CFR part 954.
* * * * *
2. On page 17994, column 1, section I.(d) under the heading
``Selection Criteria and Rating Factors'', the fifth paragraph is
revised to read as follows:
I. Purpose and Substantive Description
* * * * *
(d) Selection Criteria and Rating Factors
* * * * *
In responding to each of the components which address the selection
criteria, HUD requests that each applicant:
--Use separate tabs for each selection criterion and sub-criterion. In
order to be rated, make sure the response is beneath the appropriate
heading.
--Keep its responses in the same order as the NOFA.
--Provide the necessary data and the explanation, not exceeding 200
words, that supports the response. Include all relevant material to a
response under the same tab. Do not assume the reviewer will search for
the answer or information to support the answer elsewhere in the
application.
--Do a preliminary rating for its own project, providing a score
according to the scoring guide. This will help to show the applicant
how its project might be scored by the reviewers. It will also help to
show the applicant whether the application meets the eligibility
requirements and the minimum point score requirement (60 points), and
where the strengths and weaknesses of the application are
[[Page 28889]]
located. Then, the applicant can strengthen the weaker parts of the
application and retain the stronger parts.
* * * * *
3. On page 17996, column 3, section I.(d)(2)(i)(B), under the
heading ``Cash flow projection through project completion (3 points
maximum)'', the third paragraph is revised to read as follows:
I. Purpose and Substantive Description
* * * * *
(d) Selection Criteria and Rating Factors
* * * * *
(2) PLANNING AND IMPLEMENTATION--40 points maximum.
* * * * *
(i) Financial--15 points maximum.
* * * * *
(B) Cash flow projection through project completion (3 points
maximum).
* * * * *
There must be a projection of costs and revenues for the time the
work is being carried out as well as the time of maintenance and
repair. The costs and revenues projection identifies what the
maintenance and repair and major replacement costs for the long term
(i.e., not less than the minimum period of affordability, 24 CFR
954.306) are going to be and how they will be paid. The projection must
identify what the costs and revenues are. If the source of revenue is a
grant, the grant must be identified. The costs and revenues and the
cash flow must cover the construction period and the marketing period
(if there will be a marketing period); the period of maintenance and
repair must be projected separately. The applicant must identify
whether there is a need for short-term borrowing for rehabilitation or
whether rehabilitation is paid for entirely from HOME and leveraged
funds; any years of negative cash flow; and the cumulative negative
cash flow. If the project requires financing, i.e., borrowing, to get
through periods of negative cash flow, the applicant must show the
financing in the cash flow projection. For scoring, see Table 7. Points
will be awarded based on completeness in adequately addressing the
pertinent questions.
* * * * *
Dated: May 20, 1997.
Kevin Emanuel Marchman,
Acting Assistant Secretary for Public and Indian Housing.
[FR Doc. 97-13938 Filed 5-27-97; 8:45 am]
BILLING CODE 4210-33-P
