62494 Federal Register / Vol. 62, No. 225 / Friday, November 21, 1997 / Notices

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 lowand 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]

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