[Federal Register Volume 62, Number 225 (Friday, November 21, 1997)]
[Notices]
[Page 62494]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-30596]



[[Page 62493]]

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Part VIII





Department of Housing and Urban Development





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Additional Funding Availability and Program Guidelines for 
Homeownership Zones; FY 1997; Notice

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

[[Page 62494]]



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.

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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 low-and 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]
BILLING CODE 4210-29-P