10598 Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices

APPENDIX A.—FISCAL YEAR 1994 PUBLIC AND INDIAN HOUSING RECIPIENTS OF THIRD AND FOURTH QUARTER FUNDING

DECISIONS—Continued

Name and address Amount

awarded

DISTRICT OF COLUMBIA DEPARTMENT OF PUBLIC AND ASSISTED HOUSING, DC, ROBERT BORGHESE, 21 S. 12th

St., Suite 902, Philadelphia, PA 19107 ........................................................................................................................................... 7,805.00

DISTRICT OF COLUMBIA DEPARTMENT OF PUBLIC AND ASSISTED HOUSING, DC, SEVERIN SORENSEN, PO Box

34469, Bethesda, MD 20813–1072 ................................................................................................................................................. 10,000.00

MUCKLESHOOT INDIAN HOUSING AUTHORITY, WA, SEVERIN SORENSEN, PO Box 34469, Bethesda, MD 20813–1072 .... 10,000.00

HOUSING AUTHORITY OF BALTIMORE CITY, MD, DAVID ROUEN, TSAILE, INC. (PATH) Box 1827, Carolina Beach, NC

28428 ............................................................................................................................................................................................... 5,496.00

DANBURY HOUSING AUTHORITY, CT, PATRICIA SURPRENANT, 418 Robin Ct., Cheshire, CT 06410 .................................... 4,836.00

HOUSING AUTHORITY OF WINONA, MS, PAUL TANNER, 5618 Shorewood Rd., Jacksonville, FL 32210 ................................. 9,018.00

FORT BERTHOLD INDIAN HOUSING AUTHORITY, ND, ANNE FALLIS, Rural Route 1, Box 1845, Rapid City, SD 57702 ........ 9,204.00

HATTIESBURG HOUSING AUTHORITY, MS, C. JEAN BENNETT, 207 Valley North Blvd., Jackson, MS 39206 ......................... 8,084.00

FOREST HOUSING AUTHORITY, MS, C. JEAN BENNETT, 207 Valley North Blvd., Jackson, MS 39206 .................................... 8,718.00

HOUSING AUTHORITY OF THE CITY OF NEW BERN, NC, LEXIE WILLIAMS, 1177 Dominion Court, Port Orange, FL 32119 . 7,240.00

HOUSING AUTHORITY OF GRANT COUNTY, WA, ROXANNA NANTO, CC CONSULTING ASSOCIATES, 704 NE Larch

Court, Wenatchee, WA 98802 ......................................................................................................................................................... 6,613.00

TAYLOR HOUSING AUTHORITY, TX, JAMES GODFREY, GODFREY & ASSOCIATES, P.O. Box 2470, Hot Springs, AR

71914 ............................................................................................................................................................................................... 9,512.00

COLORADO RIVER INDIAN HOUSING AUTHORITY, AZ, SUSAN GUYETTE, 97 Moya Rd., Santa Fe, NM 87505 .................... 8,953.00

HOUSING AUTHORITY OF WOONSOCKET, RI, ROBERT BORGHESE, 21 S. 12th St., Suite 902, Philadelphia, PA 19107 ..... 9,132.00

ROME HOUSING AUTHORITY, GA, JAMES GODFREY, GODFREY & ASSOCIATES, P.O. Box 2470, Hot Springs, AR 71914 9,787.00

PROVIDENCE HOUSING AUTHORITY, RI, SEVERIN SORENSEN, PO Box 34469, Bethesda, MD 20813–1072 ....................... 10,000.00

CANTON HOUSING AUTHORITY, NY, LYNN BORRELL, Lynne Borrell & Associates, Suite 402, 1165 North Clarke, Chicago,

IL 60610 ........................................................................................................................................................................................... 10,000.00

THE HOUSING AUTHORITIES OF FAIRBURN/UNION CITY, GA, SAUNDRA D. WILLIAMS, D & J CONSULTANTS, 4300 Flat

Shoals Road #2606, Union City, GA 30291 .................................................................................................................................... 9,440.00

MARIANNA HOUSING AUTHORITY, FL, PAUL TANNER, 5618 Shorewood Road, Jacksonville, FL 32210 ................................. 8,858.00

SCHWARTZ-ROBESON TENANTS ASSOCIATION, NJ, ALEXANDER SUTTON, 1133 Kensington Ave., Plainfield, NJ 07060 .. 10,000.00

HOUSING AUTHORITY OF GALLATIN, TN, KARRIEM SHABAZZ, 3150 Borge Street, Oakton, VA 22124 .................................. 6,630.00

TRIANA HOUSING AUTHORITY, AL, JOSEPH ALEX, P.O. BOX 210546, 4604 Virginia Loop Road, Montgomery, AL 36121 .... 8,355.00

PENNINGTON COURT TENANTS ASSOCIATION, NJ, GERARD LEE, 810 Belvidere Ave., Plainfield, NJ 07060 ....................... 10,000.00

HOUSING AUTHORITY OF MERCED, CA, JEFFREY OSHINS, 271 Rosario Park Road, Santa Barbara, CA 93105 .................. 7,504.00

WILMINGTON HOUSING AUTHORITY, DE, NANCY LOWE-CONNO, 3406 Wild Cherry Road, Baltimore, MD 21207 ................ 9,959.00

SOUTHERN PUGET SOUND INDIAN HOUSING AUTHORITY, WALINDA RINALDI, Seattle, WA ................................................ 9,786.00

HOUSING AUTHORITY OF JACKSON COUNTY OR ROXANNA NANTO, CC CONSULTING ASSOCIATES, 704 NE Larch

Court, Wenatchee, WA 98802 ......................................................................................................................................................... 9,441.00

OLNEY HOUSING AUTHORITY, TX, JEFFREY OSHINS, 271 Rosario Park Road, Santa Barbara, CA 93105 ............................ 7,911.00

Total .......................................................................................................................................................................................... 595,673.00

[FR Doc. 95–4658 Filed 2–24–95; 8:45 am]

BILLING CODE 4210–33–P

Office of the Secretary

[Docket No. N–95–3892; FR–3864–N–01]

Notice of Regulatory Waiver Requests

Granted

AGENCY: Office of the Secretary, HUD.

ACTION: Public notice of the granting of

regulatory waivers. Request: July 1, 1994

through September 30, 1994.

SUMMARY: Under the Department of

Housing and Urban Development

Reform Act of 1989 (Reform Act), the

Department (HUD) is required to make

public all approval actions taken on

waivers of regulations. This notice is the

fifteenth in a series, being published on

a quarterly basis, providing notification

of waivers granted during the preceding

reporting period. The purpose of this

notice is to comply with the

requirements of section 106 of the

Reform Act.

FOR FURTHER INFORMATION CONTACT:

For general information about this

Notice, contact Camille E. Acevedo,

Assistant General Counsel for

Regulations, Room 10276, Department

of Housing and Urban Development,

451 Seventh Street, SW, Washington,

DC 20410; (telephone 202–708–3055);

TDD: (202) 708–3259. These are not tollfree numbers.) For information

concerning a particular waiver action,

about which public notice is provided

in this document, contact the person

whose name and address is set out, for

the particular item, in the

accompanying list of waiver-grant

action.

SUPPLEMENTARY INFORMATION: As part of

the Housing and Urban Development

Reform Act of 1989, the Congress

adopted, at HUD’s request, legislation to

limit and control the granting of

regulatory waivers by the Department.

Section 106 of the Act (Section 7(q)(3)

of the Department of Housing and Urban

Development Act, 42 U.S.C. 3535 (q)(3),

provides that:

1. Any waiver of a regulation must be

in writing and must specify the grounds

for approving the waiver;

2. Authority to approve a waiver of a

regulation may be delegated by the

Secretary only to an individual of

Assistant Secretary rank or equivalent

rank, and the person to whom authority

to waive is delegated must also have

authority to issue the particular

regulation to be waived;

3. Not less than quarterly, the

Secretary must notify the public of all

waivers of regulations that the

Department has approved, by

publishing a Notice in the Federal

Register. These Notices (each covering

the period since the most recent

previous notification) shall:

a. Identify the project, activity, or

undertaking involved;
Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices 10599

b. Describe the nature of the provision

waived, and the designation of the

provision;

c. Indicate the name and title of the

person who granted the waiver request;

d. Describe briefly the grounds for

approval of the request;

e. State how additional information

about a particular waiver grant action

may be obtained.

Section 106 also contains

requirements applicable to waivers of

HUD handbook provisions that are not

relevant to the purposes of today’s

document.

Today’s document follows

publication of HUD’s Statement of

Policy on Waiver of Regulations and

Directives Issued by HUD (56 FR 16337,

April 22, 1991). This is the twelfth

Notice of its kind to be published under

Section 106. It updates HUD’s waivergrant activity from July 1, 1994 through

September 30, 1994. In approximately

three months, the Department will

publish a similar Notice, providing

information about waiver-grant activity

for the period from October 1, 1994

through December 31, 1994.

For ease of reference, waiver requests

grant by departmental officials

authorized to grant waivers are listed in

a sequence keyed to the section number

of the HUD regulation involved in the

waiver action. For example, a waivergrant action involving exercise of

authority under 24 CFR 24.200

(involving the waiver of a provision in

part 24) would come early in the

sequence, while waivers in the Section

8 and Section 202 programs (24 CFR

Chapter VIII) would be among the last

matters listed. Where more than one

regulatory provision is involved in the

grant of a particular waiver request, the

action is listed under the section

number of the first regulatory

requirement in Title 24 that is being

waived as part of the waiver-grant

action. (For example, a waiver of both

§ 811.105(b) and § 811.107(a) would

appear sequentially in the listing under

§ 811.105(b).) Waiver-grant actions

involving the same initial regulatory

citation are in time sequence beginning

with the earliest-dated waiver grant

action.

Should the Department receive

additional reports of waiver actions

taken during the period covered by this

report before the next report is

published, the next updated report will

include these earlier actions, as well as

those that occur between October 1,

1994 and December 31, 1994.

Accordingly, information about

approved waiver requests pertaining to

regulations of the Department is

provided in the Appendix that follows

this Notice.

Dated: February 14, 1995.

Henry G. Cisneros,

Secretary.

Appendix

Listing of Waivers of Regulatory

Requirements Granted by Officers of the

Department of Housing and Urban

Development, July 1, 1994 through

September 30, 1994.

Note to Reader: The person to be contacted

for additional information about these

waiver-grant items in this listing is: James B.

Mitchell, Director, Financial Services

Division, Office of Housing, Department of

Housing and Urban Development, 470

L’Enfant Plaza East, Room 3119, Washington,

DC 20024, Phone: (202) 755–7450.

Regulation: 24 CFR Sections 811.106(d)

and 811.107(d) of 1977 Regulations.

Project/Activity: Gloucester County (New

Jersey) HA refunding of bonds which

financed an uninsured Section 8 assisted

project, Colonial Park, HUD Project Number

NJ16–0029–002.

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicholas P. Retsinas, Assistant

Secretary for Housing—FHA Commissioner.

Dated Granted: September 16, 1994.

Reasons Waived: The Part 811 regulations

cited above prohibited refunding and

required that excess reserve balances be used

for project purposes. The issuer has

requested HUD permission to release excess

reserve balances from the 1979 Trust

Indenture to help pay transaction costs of a

McKinney Act Section 8 bond refunding.

Issuance of 1994 refunding bonds of

$6,755,000 at a yield of 6.10% under Section

103 of the Tax Code will generate Section 8

savings.

Regulation: 24 CFR Sections 811.106(d)

and 811.107(d) of 1977 Regulations.

Project/Activity: Akron (Ohio)

Metropolitan HA refunding of bonds which

financed an uninsured Section 8 assisted

project, Mayflower Manor, HUD Project

Number OH12–0003–002.

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicholas P. Retsinas, Assistant

Secretary for Housing—FHA Commissioner.

Dated Granted: September 30, 1994.

Reasons Waived: The Part 811 regulations

cited above prohibited refunding and

required that excess reserve balances be used

for project purposes. The issuer has

requested HUD permission to release excess

reserve balances from the 1980 Trust

Indenture to help pay transaction costs of a

McKinney Act Section 8 bond refunding.

Issuance of 1994 refunding bonds of

$6,005,000 at a yield of 6.54% under Section

103 of the Tax Code will generate Section 8

savings.

Regulation: 24 CFR Sections 811.107(a)(2),

811.107(b), 811.108(a)(1), 811,108(a)(3),

811.114(b)(3), 811.114(d), 811.115(b).

Project/Activity: Washoe Housing Finance

Corporation refunding of bonds which

financed a Section 8 assisted project, the

Golden II Apartments (FHA No. 125–

135094).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation and authorize call of

debentures prior to maturity.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing—Federal Housing

Commissioner.

Dated Granted: July 21, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding transactions. To credit

enhance refundings bonds not fully secured

by the FHA mortgage amount, HUD also

agrees not to exercise its option under 24

CFR Section 207.259(e) to call debentures

prior to maturity. This refunding proposal

was approved by HUD on July 6, 1994.

Refunding bonds have been priced to an

average yield of 6.8%. The tax-exempt

refunding bond issue of $2,355,000 at current

low-interest rates will save Section 8 subsidy.

The Treasury also gains long-term tax

revenue benefits through replacement of

outstanding tax-exempt coupons of 9.75% at

the call date with tax-exempt bonds yielding

6.8%. The refunding will also substantially

reduce the FHA mortgage interest rate at

expiration of the HAP contract, from 10% to

7.05%, thus reducing FHA mortgage

insurance risk. The refunding serves the

important public purposes of reducing HUD’s

Section 8 program costs, improving Treasury

tax revenues, (helping reduce the budget

deficit), and increasing the likelihood that

projects will continue to provide housing for

low-income families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Sections 811.114(d),

811.115(b), 811.117.

Project/Activity: The Housing Finance

Corporation of Irvington, New Jersey

refunding of bonds which financed a Section

8 assisted project, Berkeley Terrace

Apartments (FHA No. 031–35238).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation and authorize call of

debentures prior to maturity.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: August 18, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding transactions under

Section 103 of the Tax Code. This refunding

proposal was approved by HUD on February

8, 1994. Refunding bonds have been priced

to an average yield of 6.38%. The tax-exempt

refunding bond issue of $4,570,000 at current

low-interest rates will save Section 8 subsidy.

The Treasury also gains long-term tax
10600 Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices

revenue benefits through replacement of

outstanding tax-exempt coupons of 10.5% at

the call date in 1994 with tax-exempt bonds

at a substantially lower interest rate. The

refunding serves the important public

purposes of reducing HUD’s Section 8

program costs, improving Treasury tax

revenues, (helping reduce the budget deficit),

and increasing the likelihood that projects

will continue to provide housing for lowerincome families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Sections 811.107(a)(2),

811.107(b), 811.108(a)(1), 811.108(a)(2),

811.108(a)(3), 811.114(b)(3), 811.114(d),

811.115(b).

Project/Activity: Providence, Rhode Island

HA refunding of bonds which financed a

Section 8 assisted project, the Maplewood

Terrace Apartments (FHA No. 016–35076).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 119(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: August 23, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding transactions. This

refunding proposal was approved by HUD on

June 17, 1994. Refunding bonds have been

priced to an average yield of 6.9%. The taxexempt refunding bond issue of $4,425,000 at

current low-interest rates will save Section 8

subsidy. The Treasury also gains long-term

tax revenue benefits through replacement of

outstanding tax-exempt coupons of 9.7%–

10.75% at the call date with tax-exempt 6.9%

bonds. The refunding will also substantially

reduce the FHA mortgage interest rate at

expiration of the HAP contract, from 10.6%

to 7.75%, thus reducing FHA mortgage

insurance risk. The refunding serves the

important public purposes of reducing HUD’s

Section 8 program costs, improving Treasury

tax revenues, (helping reduce the budget

deficit), and increasing the likelihood that

projects will continue to provide housing for

low-income families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Sections 811.107(a)(2),

811.107(b), 811.108(b)(1), 811.108(b)(3),

811.108(b)(4), 811.114(b)(3), 811.114(d),

811.115(b).

Project/Activity: Monroe-McKeen Plaza

(Louisiana) HDC refunding of bonds which

financed a Section 8 assisted non-insured

project, the McKeen Plaza Apartments, (FHA

No. LA48–0053–001).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: August 29, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding transactions. This

refunding proposal was approved by HUD on

July 26, 1994. Refunding bonds have been

priced to an average yield of 6.80%. The taxexempt refunding bond issue of $2,660,000 at

current low-interest rates will save Section 8

subsidy. The Treasury also gains long-term

tax revenue benefits through replacement of

outstanding tax-exempt coupons of 10.5%–

11.25% at the call date in 1994 with taxexempt bonds yielding 6.8%. The refunding

serves the important public purposes of

reducing HUD’s Section 8 program costs,

improving Treasury tax revenues, (helping

reduce the budget deficit), and increasing the

likelihood that projects will continue to

provide housing for lower-income families

after subsidies expire, a priority HUD

objective.

Regulation: 24 CFR Sections 811.107(a)(2),

811.107(b), 811.108(a)(1), 811.108(a)(3),

811.114(b)(3), 811.114(d), 811.115(b).

Project/Activity: Town of Babylon, New

York refunding of bonds which financed a

Section 8 assisted project, Andpress Plaza

Apartments (FHA No. 012–35582).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation and authorize call of

debentures prior to maturity.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: September 8, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transaction and do not fit the terms

of refunding transactions. To credit enhance

refundings bonds not fully secured by the

FHA mortgage amount, HUD also agrees not

to exercise its option under 24 CFR Section

207.259(e) to call debentures prior to

maturity. This refunding proposal was

approved by HUD on June 2, 1994. Refunding

bonds have been priced to an average yield

of 6.79%. The tax-exempt refunding bond

issue of $2,405,000 at current low-interest

rates will save Section 8 subsidy. The

Treasury also gains long-term tax revenue

benefits through replacement of outstanding

tax-exempt coupons of 9.9% at the call date

with tax-exempt bonds yielding 6.79%. The

refunding will also substantially reduce the

FHA mortgage interest rate at expiration of

the HAP contract, from 9.9% to 7.2%, thus

reducing FHA mortgage insurance risk. The

refunding serves the important public

purposes of reducing HUD’s Section 8

program costs, improving Treasury Tax

revenues, (helping reduce the budget deficit),

and increasing the likelihood that projects

will continue to provide housing for lowincome families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Sections 811.107(a)(2),

811.107(b), 811.108(a)(1), 811.108(a)(3),

811.114(b)(3), 811.114(d), 811.115(b).

Project/Activity: Providence, Rhode Island

HDC refunding of bonds which financed a

Section 8 assisted project, the Barbara Jordan

Apartments (FHA No. 016–57008).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation and authorize call of

debentures prior to maturity.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: September 15, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transaction and do not fit the terms

of refunding transactions. To credit enhance

refundings bonds not fully secured by the

FHA mortgage amount, HUD also agrees not

to exercise its option under 24 CFR Section

207.259(e) to call debentures prior to

maturity. This refunding proposal was

approved by HUD on June 14, 1994.

Refunding bonds have been priced to an

average yield of 6.74%. The tax-exempt

refunding bond issue of $8,890,000 at current

low-interest rates will save Section 8 subsidy.

The Treasury also gains long-term tax

revenue benefits through replacement of

outstanding tax-exempt coupons of 11.8% at

the call date with tax-exempt bonds yielding

6.74%. The refunding will also substantially

reduce the FHA mortgage interest rate at

expiration of the HAP contract, from 12% to

6.9%, thus reducing FHA mortgage insurance

risk. The refunding serves the important

public purposes of reducing HUD’s Section 8

program costs, improving Treasury Tax

revenues, (helping reduce the budget deficit),

and increasing the likelihood that projects

will continue to provide housing for lowincome families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Sections 811.107(a)(2),

811.107(b), 811.108(a)(3), 811.114(b)(3),

811.114(d), 811.115(b).

Project/Activity: Regional HDC of Kansas

City, Missouri refunding of bonds which

financed a Section 8 assisted project, the

Lawndale Heights Apartments (FHA No.

084–37229).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: September 30, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding transactions. This

refunding proposal was approved by HUD on

August 30, 1994. Refunding bonds have been

priced to an average yield of 6.78%. The taxexempt refunding bond issue of $4,465,000 at

current low-interest rates will save Section 8

subsidy. The Treasury also gains long-term

tax revenue benefits through replacement of

outstanding tax-exempt coupons of 10.25%

at the call date with tax-exempt bonds

yielding 6.78%. The refunding will also

substantially reduce the FHA mortgage

interest rate at expiration of the HAP

contract, from 10.375% to 6.93%, thus

reducing FHA mortgage insurance risk. The

refunding serves the important public

purposes of reducing HUD’s Section 8

program costs, improving Treasury tax

revenues, (helping reduce the budget deficit),

and increasing the likelihood that projects
Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices 10601

will continue to provide housing for lowincome families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Sections 811.114(d),

811.115(b), 811.117.

Project/Activity: The Housing Authority of

Seattle, Washington refunding of bonds

which financed a Section 8 assisted project,

Market House Elderly Project, No. WA19–

8023–005.

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: July 21, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding transactions under

Section 103 of the Tax Code. This refunding

proposal was approved by HUD on June 29,

1994. Refunding bonds have been priced to

an average yield of 6%. The tax-exempt

refunding bond issued of $1,730,000 at

current low-interest rates will save Section 8

subsidy. The Treasury also gains long-term

tax revenue benefits through replacement of

outstanding tax-exempt coupons of 11% at

the call date in 1994 with tax-exempt bonds

at a substantially lower interest rate. The

refunding services the important public

purposes of reducing HUD’s Section 8

program costs, improving Treasury tax

revenues, (helping reduce the budget deficit),

and increasing the likelihood that projects

will continue to provide housing for lowerincome families after subsidies expire, a

priority HUD objective.

Regulation: 24 CFR Section 811.114(d).

Project/Activity: District of Columbia HFA

redemption of bonds which financed a

Section 8 assisted project in 1979, the Trinity

Towers Apartments, FHA No. 000–35240.

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: July 27, 1994.

Reasons Waived: The Part 811 regulation

cited above requires HUD approval and

reduction of Section 8 rents for prepayment

of Section 11(b) bonds. The bonds will be

redeemed by sale of the FHA mortgage note.

Proceeds of the note sale will also finance

project repairs. No reduction in project debt

service or contract rents will occur. The

Treasury also gains long-term tax revenue

benefits through prepayment of outstanding

tax-exempt bonds. The refunding serves the

important public purposes of improving

Treasury Tax revenue, (helping reduce the

budget deficit), and assuring that the project

is maintained in sound physical condition.

Regulation: 24 CFR Sections 811.114(d),

811.115(b), 811.117.

Project/Activity: The Housing Authority of

Delaware County, Pennsylvania refunding of

bonds which financed a Section 8 assisted

project, Kinder Park Apartments, FHA No.

PA26–0020–001.

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: August 10, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transaction and do not fit the terms

of refunding transactions under Section 103

of the Tax Code. This refunding proposal was

approved by HUD on March 18, 1994.

Refunding bonds have been priced to an

average yield of 5.66%. The tax-exempt

refunding bond issue of $4,040,000 at current

low-interest rates will save Section 8 subsidy.

The Treasury also gains long-term tax

revenue benefits through replacement of

outstanding tax-exempt coupons of 6.00%–

6.40% at the call date in 1994 with taxexempt bonds at a substantially lower

interest rate. The refunding serves the

important public purposes of reducing HUD’s

Section 8 program costs, improving Treasury

Tax revenues, (helping reduce the budget

deficit), and increasing the likelihood that

projects will continue to provide housing for

lower-income families after subsidies expire,

a priority HUD objective.

Regulation: 24 CFR Section 811.114(d).

Project/Activity: Whiteside County, Illinois

HA refunding of bonds which financed a

Section 8 assisted project, the Civic Plaza II

Apartments, HUD No. IL–06–0038–002).

Nature of Requirement: The Regulations set

conditions under which HUD may grant a

Section 11(b) letter of exemption of

multifamily housing revenue bonds from

Federal income taxation.

Granted By: Nicolas P. Retsinas, Assistant

Secretary for Housing-Federal Housing

Commissioner.

Dated Granted: September 26, 1994.

Reasons Waived: The Part 811 regulations

cited above were intended for original bond

financing transactions and do not fit the

terms of refunding bonds to be issued as

taxable obligations. Refunding bonds will be

issued in an amount sufficient to provide

capitalized distributions to the Project Owner

entity which agrees to extend low-income

occupancy for ten years after expiration of

the Section 8 Housing Assistance Payments

Contract. The Treasury also gains long-term

tax revenue benefits through replacement of

outstanding tax-exempt bonds of 9.5%

coupons of lower yielding debt. The

refunding serves the important public

purposes of improving Treasury tax

revenues, (helping reduce the budget deficit),

and increasing the likelihood that projects

will continue to provide housing for lowerincome families after subsidies expire, a

priority HUD objective.

Note to Reader: The person to be contacted

for additional information about the waivergrant items in this listing is: Robin Prichard,

Drug-Free Neighborhoods Division, Office of

Community Relations and Involvement,

Department of Housing and Urban

Development, 451 7th Street, S.W.—Room

4116, Washington, DC 20410–5000, (202)

708–1197.

14. Regulation: 24 CFR 961.

Project/Activity: Maricopa County Housing

Authority, Phoenix, AZ.

Nature of Requirement: 24 CFR 961, allows

only one six month extension on each grant

awarded beyond the grant period.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: September 1994.

Reason Waved: The Resident Services

Coordinator for MCHD, along with the

leadership of the Housing Director, have the

contacts, respect and commitment from

reputable agencies to carry out the drug

elimination program successfully. It is clear

that they have identified the most vulnerable

complexes needing the services of a drug

elimination initiative, which are generally

social and economically stressed. Also, it is

very clear, that the need for this drug

elimination grant extension to be approved

can and will have a tremendous affect on the

safety of our resident and will be felt

throughout MCHD, therefore, we are asking

for your approval to grant this extension

request.

MCHD is a Troubled Housing Authority,

that is in the process of entering into a

Memorandum of Agreement and have the

staff, commitment and resources, if approved

to implement this initiative. All of the

programs requested and planned in the

revised budgets not only will help make their

living environment safer, the programs

proposed include self-help programs for low

income residents.

Note to Reader: The person to be contacted

for additional information about the waivergrant items in this listing is: John Comerford,

Director, Financial Management Division,

Office of Public and Indian Housing,

Department of Housing and Urban

Development, 451 Seventh Street, SW.,

Washington, DC 20410, Phone: (202) 708–

1872, TDD: (202) 708–0850 (These are not

toll-free numbers).

15. Regulation: 24 CFR 990.104.

Project/Activity: Guntersville, AL, Housing

Authority In determining the operating

subsidy eligibility, a request was made for

funding for two units approved for nondwelling use to promote economic selfsufficiency programs.

Nature of Requirement: The operating

subsidy calculation excludes funding for

units removed from the dwelling rental

inventory.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: August 4, 1994.

Reason Waived: To allow additional

subsidy for units approved for non-dwelling

use to promote economic self-sufficiency

services pending publication of a final rule

implementing this change to the regulation.

16. Regulation: 24 CFR 990.104.

Project/Activity: Jennings, LA, Housing

Authority In determining the operating

subsidy eligibility, a request was made for

funding for one unit approved for nondwelling use to promote anti-drug programs.

Nature of Requirement: The operating

subsidy calculation excludes funding for
10602 Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices

units removed from the dwelling rental

inventory.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: August 30, 1994.

Reason Waived: To allow additional

subsidy for one unit approved for nondwelling use to promote anti-drug programs

pending publication of a final rule

implementing this change to the regulation.

17. Regulation: 24 CFR 990.104.

Project/Activity: Los Angeles, CA, Housing

Authority In determining the operating

subsidy eligibility, a request was made for

funding for units approved for non-dwelling

use to promote economic self-sufficiency and

anti-drug programs.

Nature of Requirement: The operating

subsidy calculation excludes funding for

units removed from the dwelling rental

inventory.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: July 25, 1994.

Reason Waived: To allow additional

subsidy for 29 units approved for nondwelling use to promote economic selfsufficiency services and anti-drug programs

pending publication of a final rule

implementing this change to the regulation.

18. Regulation: 24 CFR 990.104.

Project/Activity: Tusla, OK, Housing

Authority. In determining the operating

subsidy eligibility, a request was made for

funding for units approved for non-dwelling

use to promote economic self-sufficiency and

ant-drug programs.

Nature of Requirement: The operating

subsidy calculation excludes funding for

units removed from the dwelling rental

inventory.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: July 19, 1994.

Reason Waived: To allow additional

subsidy for six units approved for nondwelling use to promote economic self

sufficiency services and anti-drug programs

pending publication of a final rule

implementing this change to the regulation.

19. Regulation: 24 CFR 990.109(b)(3)(iv).

Project/Activity: A request was made by

the Allentown, PA Housing Authority to use

an occupancy rate of 91% in determining its

operating subsidy eligibility for its fiscal year

6/30/95.

Nature of Requirement: A Low Occupancy

Public Housing Agency (PHA) without an

approved Comprehensive Occupancy Plan

(COP) must use a projected occupancy rate of

97%.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: July 11, 1994.

Reason Waived: The vacancy problem

being experienced by the Allentown Housing

Authority is the result of an accidental gas

explosion and fire at an elderly high-rise

development which left 147 units

uninhabitable. These units are expected to be

repaired in approximately nine months.

During this period, the elderly residents will

be relocated to private-owned housing.

Because of the short-term nature of the

problem, the Allentown Housing Authority

was allowed to use 91% as its occupancy

percentage for its fiscal year ending 6/30/95.

20. Regulation: 24 CFR 990.109(b)(3)(iv).

Project/Activity: A request was made by

the St. Edward, NE Housing Authority to use

its actual occupancy rate of 61% in

determining its operating subsidy eligibility

for its fiscal year ending (FYE) 12/31/94.

Nature of Requirement: A public housing

agency (PHA) that has completed a

Comprehensive Occupancy Plan (COP)

without achieving a 97% occupancy

percentage or having an average of five or

fewer vacant units must use a projected

occupancy rate of 97%.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: July 14, 1994.

Reason Waived: The St. Edward Housing

Authority is a small PHA of 18 units,

primarily elderly. There has been a

significant decline in the town’s population

according to census data, as well as loss of

businesses during the past several years.

Because the documented lack of demand was

basically beyond the control of the Authority,

and in order to preclude further depletion of

its operating reserves, the PHA was allowed

to use 61% as its occupancy percentage for

its fiscal year ending 12/31/94.

21. Regulation: 24 CFR 990.110 and

990.107.

Project/Activity: Springfield, MA Housing

Authority. In determining the operating

subsidy eligibility, a request was made to

permit the Springfield Housing Authority to

retain a refund in excess billing charges for

water consumption.

Nature of Requirement: Public Housing

Agencies (PHAs) must pay back any savings

that result from utility rate decreases as

compared to the budgeted amount for that

year.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: July 14, 1994.

Reason Waived: The Springfield Housing

Authority (SHA) realized in early 1989 that

water costs had increased significantly and

immediately began to investigate the cause.

Both its maintenance and finance

departments, over a lengthy period of time,

spent considerable effort and expense trying

to find the reason for the increased costs. In

1992, the SHA’s energy auditor found that

the problem was the installation, by the

water department, of an improper water

register on the water meter.

Based on the SHA’s extraordinary efforts to

determine the cause of the problem and the

resulting savings to HUD, a waiver was

granted to permit the SHA to retain the

refund from excess billing. This waiver was

granted on the basis that the refund be used

to implement a water conservation program

for several federally funded developments.

22. Regulation: 24 CFR 990.118(h).

Project/Activity: A request was made by

the Department of Public and Assisted

Housing (DPAH), Washington, DC to use an

occupancy rate of 83% for its fiscal year

ending (FYE) 9/30/94 and to use 85% for its

FYE 9/30/95.

Nature of Requirement: A Public Housing

Agency (PHA) with an approved COP must

use the projected occupancy rates of the COP.

The projected occupancy rate for the last year

of the COP, FYE 9/30/94, is 97%.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: July 26, 1994.

Reason Waived: The request for a waiver

follows a number of meetings with the staff

of DPAH. The exchange of views on the

vacancy problems faced by DPAH has been

productive and a four-year plan has been

developed that is project-specific and will

serve as a guide for the commitment of funds

and staff. In order to be supportive of the

efforts and progress made to date, a waiver

was granted to permit the use of the 93% as

the occupancy percentage for its FYE 9/30/

94, and 85% for its FYE 9/30/95. Of the

additional funds received by DPAH as a

result of this waiver, at least 60% must be

used for specific, identifiable actions to

increase occupancy.

23. Regulation: 24 CFR 990.118(h).

Project/Activity: A request was made by

the Allegheny County, PA Housing Authority

to use an occupancy rate of 93% instead of

the 97% goal of its Comprehensive

Occupancy Plan (COP) in determining its

operating subsidy eligibility for its fiscal year

ending (FYE) 9/30/94.

Nature of Requirement: A Public Housing

Agency (PHA) with an approved COP must

use the projected occupancy rates of the COP.

Granted By: Joseph Shuldiner, Assistant

Secretary.

Date Granted: August 19, 1994.

Reason Waived: The Allegheny County

Housing Authority requested a 4%

adjustment based on vacant units that are

part of a funded, on-schedule modernization

program. The regulations permit a PHA that

completes the COP without achieving its

occupancy goal to adjust the 97% rate that

it otherwise would have to use in subsequent

years by vacancies attributable to funded, onschedule modernization work. In order to

permit the PHA to receive the same benefits

for its units undergoing modernization as do

other PHAs that have completed their COPS,

a waiver was granted to permit the use of the

93% as the occupancy percentage for its FYE

9/30/94.

Note to Reader: The person to be contacted

for additional information about the waivergrant items in this listing: Gary VanBuskirk,

Director, Homeownership Division, Office of

Resident Initiatives, Department of Housing

and Urban Development, 451 Seventh Street,

S.W., Room 4112, Washington, D.C. 20410,

Phone: (202) 708–4233 (This is not a toll-free

number).

24. Regulation: 24 CFR 904 Subpart B

(Turnkey III Homeownership Opportunity

Program) and Corresponding Provisions of

the Turnkey III Handbook (7495.3).

Project/Activity: Butler Metropolitan

Housing Authority (BMHA), Hamilton, Ohio

Turnkey III Homeownership Opportunity

Program Project OH 15–6 (Concord Green).

Conversion to low income rental status.

Nature of Requirement: 24 CFR 904

Subpart B and the Turnkey III Handbook

define and govern the Turnkey III

Homeownership Opportunity Program.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 1, 1994.

Reason Waived: The Butler Metropolitan

Housing Authority of Hamilton, Ohio
Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices 10603

requested the ability to convert certain

housing units of the BMHA’s project OH 15–

6 to low rent public housing status. The

Department of Housing and Urban

Development has established certain criteria

and procedures by which to judge the

efficacy of such a conversion on a case by

case basis. After investigation of the

circumstances, and in an attempt to assist the

BMHA to better serve its low income tenants,

the Department decided that granting this

conversion was in the best interests of all

concerned.

The conversion of Turnkey III units to low

income rental is implemented according to

existing HUD procedures.

The housing authority has shown good

cause and demonstrated compliance with all

applicable regulatory requirements for this

conversion.

25. Regulation: 24 CFR 904 Subpart B

(Turnkey III Homeownership Opportunity

Program) and Corresponding Provisions of

the Turnkey III Handbook (7495.3).

Project/Activity: Rockford Housing

Authority (RHA), Rockford, Illinois Turnkey

III Homeownership Opportunity Program

Project IL 06–P022–008. Conversion to low

income rental status.

Nature of Requirement: 24 CFR 904

Subpart B and the Turnkey III Handbook

define and govern the Turnkey III

Homeownership Opportunity Program.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: September 23, 1994.

Reason Waived: The Rockford Housing

Authority of Rockford, Illinois requested the

ability to convert certain housing units of the

RHA’s project IL 06–P022–008 to low rent

public housing status. The Department of

Housing and Urban Development has

established certain criteria and procedures by

which to judge the efficacy of such a

conversion on a case by case basis. After

investigation of the circumstances, and in an

attempt to assist the RHA to better serve its

low income tenants, the Department decided

that granting this conversion was in the best

interests of all concerned.

The conversion of Turnkey III units to low

income rental is implemented according to

existing HUD procedures.

The housing authority has shown good

cause and demonstrated compliance with all

applicable regulatory requirements for this

conversion.

26. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the Knoxville, Tennessee

Housing Authority (KHA) a time extension to

carry out the activities specified in its grant

agreement. This extension would be of

benefit to the residents participating in

homeownership planning under its miniplanning grant (IA05HM1190192).

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 12, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

The KHA was unable to implement the

family self sufficiency segment of the grant

on schedule due to a change in staff plans

and funding problems. Because the KHA is

located in a rural area, it has experienced

some difficulty in finding individuals and

organizations that can assist in the grant. To

complete the remaining tasks under the

grant, the KHA has recently issued a request

for proposal for the self sufficiency and

training components and has begun working

with an agency to assist them in these efforts.

Further action on the grant was contingent

upon this extension being granted.

27. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the Meridian, Mississippi

Housing Authority (MHA) a time extension

to carry out the activities specified in its

grant agreement. This extension would be of

benefit to the residents participating in

homeownership mini-planning grant

(MS26HM10040192).

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 12, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

The management of the MHA has been in

transition and the current executive director

is acting in an interim capacity. The

transition interrupted progress implementing

the grant; however the MHA continues to

desire to complete the remaining tasks under

the grant. The MHA wishes to conduct

economic development as well as training

and technical assistance activities under the

grant which would be of benefit to the low

income residents participating in the

homeownership grant. Further action on the

grant was contingent upon the extension

being granted.

28. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the Hall County, Nebraska

Housing Authority (HCHA) a time extension

to carry out the activities specified in its

grant agreement. This extension would be of

benefit to the residents participating in

homeownership planning under its miniplanning grant (NE26HM10030192).

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 12, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

The HCHA noted that it was impeded in

carrying out grant activities due to an initial

lack of resident interest that has since been

rectified. This interrupted early progress

made on the grant. The HCHA wished to

continue, among other items, resident

management council training, development

of homeownership plans and financial

strategies, production and publication of

outreach materials, and training and

technical assistance for residents and staff.

Further action on this grant was contingent

upon the time extension being granted.

29. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the Church Community

Housing Corporation (CCHC) of Newport,

Rhode Island a time extension to carry out

the activities specified in its grant agreement.

This extension would be of benefit to the

residents participating in homeownership

planning at its Chapel Terrace development.

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 22, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

The CCHC noted that although it has made

substantial progress in carrying out the grant,

the Resident Council of the Newport Public

Housing Authority has encountered

unexpected delays in hiring a coordinator.

The coordinator is now in place and has been

working to rebuild the resident involvement

in the resident council. The lack of a

coordinator interrupted early progress made

on the grant but the CCHC desired to move

forward with the grant activities. As a result
10604 Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices

of dialogue with the residents of the Chapel

Terrace development and the realization that

further HOPE funding is unlikely, the CCHC

concluded that it needed to come up with

viable alternatives which would foster

increased resident control. The extension

would allow the Resident Council to

complete a move to permanent office space

and to begin to explore options to enhance

resident control of the development. Action

on the grant was contingent upon the

extension being granted.

30. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the Housing Authority of

the City of Waterbury, Connecticut (HAW) a

time extension to carry out the activities

specified in its grant agreement. This

extension would be of benefit to the residents

participating in homeownership planning at

its Austin Road development.

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 25, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

The HAW noted that although it had made

substantial progress in carrying out the grant

it encountered unexpected delays in hiring a

Resident Initiatives Coordinator. The lack of

this coordinator interrupted early progress

made on the grant, but the HAW continued

to desire to complete the tasks remaining

under the grant. As a result of dialogue with

the residents of the Austin Road

development, the HAW concluded that it

needed to focus its efforts under grant in the

area of economic development to further

prepare residents for homeownership. In

working towards that end, the HAW selected

a consultant to work on a feasibility study.

The successful completion of this grant was

contingent upon the extension being granted.

31. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the North Charleston,

South Carolina Housing Authority (NCHA) a

time extension to carry out the activities

specified in its grant agreement. This

extension would be of benefit to the residents

participating in homeownership planning at

its North Park Village development.

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement.

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: July 25, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

The NCHA noted that although it had

made substantial progress in carrying out the

grant, the resignation of two members of the

Board of Commissioners as well as the Mayor

of North Charleston had resulted in

unexpected delays in carrying out activities

under the grant. The vacancies were in the

process of being filled. Although the

vacancies interrupted progress made on the

grant, the NCHA continued to desire to move

forward with the grant activities. The

extension requested would permit the Board

of Commissioners to authorize contracts for

the feasibility studies necessary to complete

the development of a formal homeownership

strategy. The extension would also allow the

NCHA to conduct training and planning for

economic development activities in support

of future homeownership. The successful

completion of the grant was contingent on

the extension being granted.

32. Regulation: HOPE for Public and Indian

Housing Homeownership (HOPE 1) Program,

Guidelines, Section 301(b)(1) as published on

January 14, 1992 (57 FR 1522).

Project/Activity: To permit a HOPE 1 miniplanning grantee, the Auburn, Alabama

Housing Authority (AHA) a time extension to

carry out the activities specified in its five

grant agreements. The extension would be of

benefit to the residents participating in

homeownership planning at its East Park,

AL–050–1; East Park, AL–050–3; Ridgecrest,

AL–50–6; Sparkman Park, AL–50–8; and East

Park, AL–50–5A developments.

Nature of Requirement: Section 301(b)(3) of

the HOPE 1 Program Guidelines limit a

HOPE 1 mini-planning grantee to carrying

out activities funded under its grant within

eighteen (18) months of the effective date of

the mini-planning grant agreement

Granted By: Joseph Shuldiner, Assistant

Secretary for Public and Indian Housing, P.

Date Granted: August 3, 1994.

Reason Waived: Pursuant to Section 901 of

the HOPE 1 Guidelines, a regulatory

provision that is ‘‘not otherwise required by

law’’ may be waived by the Assistant

Secretary for Public and Indian Housing

upon a determination of good cause, and

upon documentation of the pertinent facts

and grounds supporting the waiver.

Good cause was exhibited as follows:

AHA noted that although it had made

substantial progress in carrying out the grants

it had encountered unexpected delays due to

personnel changes in the housing authority.

The personnel changes interrupted progress

made on the grants. The AHA desired to

complete the remaining tasks under the

grants. After taking into consideration the

diminished prospects of obtaining future

HOPE 1 funding, the AHA concluded that it

needed to alter the emphasis of its efforts

under the grants to concentrate more on the

development of RMCs/RCs than on

conducting feasibility studies. Towards that

end the AHA requested that it be allowed to

revise its budget allocation to conform to the

change in emphasis. Successful completion

of the grant was contingent upon the

extension being granted.

Note to Reader: The person to be contacted

for additional information about the waivergrant items in this listing is: Debbie Ann

Wills, Field Management Officer, U.S.

Department of Housing and Urban

Development, Office of Community Planning

and Development, 451 7th Street, SW.,

Washington, DC 20410–7000, Telephone:

(202) 708–2565.

33. Regulation: 24 CFR 92.150(a) & 24 CFR

576.51(a).

Project/Activity: Hartford, CT, New Britain,

CT, Stanford CT. Waiver of the deadline for

submission of a HOME Program description

and an Emergency Shelter Grants

application.

Nature of Requirement: Subpart D, Section

92.150(a) of the HOME Interim Rule requires

that each participating jurisdiction submit its

Program Description for a fiscal year to HUD

within 45 days of HUD’s publication of the

HOME formula allocations. For fiscal year

1994, the due date for the Emergency Shelter

Grants application is 45 days after the

jurisdiction’s notification of its grant amount.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 14, 1994.

Reasons Waived: The Department found

that the existing deadlines hinder the

effective coordination of these programs.

Therefore a waiver granting additional time

to accomplish the task of coordination was

given for good cause.

34. Regulation: 24 CFR 92.150(a) & 24 CFR

576.51(a).

Project/Activity: City of Fresno, California

requested waiver of the deadline for

submission of a HOME Program description.

Nature of Requirement: Subpart D, Section

92.150(a) of the HOME Interim Rule requires

that each participating jurisdiction submit its

Program Description for a fiscal year to HUD

within 45 days of HUD’s publication of the

HOME formula allocations. For fiscal year

1994, the due date for the Emergency Shelter

Grants application is 45 days after the

jurisdiction’s notification of its grant amount.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 14, 1994.

Reasons Waived: The Department found

that the existing deadlines hinder the

effective coordination of these programs.

Therefore a waiver granting additional time

to accomplish the task of coordination was

given for good cause.

35. Regulation: 24 CFR 92.150(a) & 24 CFR

576.51(a).

Project/Activity: City and County of

Honolulu. Waiver of the deadline for

submission of a HOME Program description

and an Emergency Shelter Grants

application.

Nature of Requirement: Subpart D, Section

92.150(a) of the HOME Interim Rule requires
Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices 10605

that each participating jurisdiction submit its

Program Description for a fiscal year to HUD

within 45 days of HUD’s publication of the

HOME formula allocations. For fiscal year

1994, the due date for the Emergency Shelter

Grants application is 45 days after the

jurisdiction’s notification of its grant amount.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 14, 1994.

Reasons Waived: The Department found

the strike by City employees had caused

administrative problems that effected the

coordination of these programs. Therefore a

waiver granting additional time to

accomplish the task of coordination was

given for good cause.

36. Regulation: 24 CFR 92.150(a) & 24 CFR

576.51(a).

Project/Activity: Harris County Texas.

Waiver of the deadline for submission of a

HOME Program description and an

Emergency Shelter Grants application.

Nature of Requirement: Subpart D, Section

92.150(a) of the HOME Interim Rule requires

that each participating jurisdiction submit its

Program Description for a fiscal year to HUD

within 45 days of HUD’s publication of the

HOME formula allocations. For fiscal year

1994, the due date for the Emergency Shelter

Grants application is 45 days after the

jurisdiction’s notification of its grant amount.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: July 11, 1994.

Reasons Waived: The Department found

that the existing deadlines hinder the

effective coordination of these programs. A

waiver granting additional time to

accomplish the task of coordination for these

two programs was given for cause.

Regulation: 24 CFR 92.214(a)(8).

Project/Activity: The State of West Virginia

requested a waiver to allow HOME funds to

be used to pay for single owned properties.

Nature of Requirement: The new

regulations at 92.214(a)(8) prohibit the use of

HOME funds ‘‘to pay for the acquisition of

property owned by the participating

jurisdiction’’.

Granted by: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: August 17, 1994.

Reasons Waived: The waiver was granted

because the State of West Virginia was in a

unique situation. When the regulations at 24

CFR 92.214(a)(8) became effective, the State

was in the process of negotiating with

fourteen applicants to purchase State-owned

properties under a HOME-funded project, an

eligible activity under the then current

regulations. There was not sufficient time to

hold the loan closing prior to the effective

date of the regulation. Therefore, the

Assistant Secretary determined that the

implementation of the regulation would

unnecessarily have an impact on the State of

West Virginia and the 14 applicants and

adversely affect the purpose of the Act.

37. Regulation: 24 CFR 92.222(b).

Project/Activity: The city of Kansas

Missouri requested that the match reduction

made because the area was declared a natural

disaster area be extended for Fiscal 1995.

Nature of Requirement: Under the HOME

Program, each participating jurisdiction must

match its allocation of HOME Program funds.

Jurisdictions designated federal ‘‘natural

disaster areas’’ are given relief from the

match requirements for one year.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 7, 1994.

Reasons Waived: To relieve the jurisdiction

of coming up with matching funds that

would delay the use of HOME funds in an

emergency situation.

38. Regulation: 24 CFR 92.222(b).

Project/Activity: Johnson County, Kansas

requested that the match reduction made

because the area was declared a natural

disaster area be extended for Fiscal 1995.

Nature of Requirement: Under the HOME

Program, each participating jurisdiction must

match its allocation of HOME Program funds.

Jurisdictions designated federal ‘‘natural

disaster areas’’ are given relief from the

match requirements for one year.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 8, 1994.

Reasons Waived: To relieve the jurisdiction

of coming up with matching funds that

would delay the use of HOME funds in an

emergency situation.

39. Regulation: 24 CFR 92.222(b).

Project/Activity: The State of Wisconsin

requested that the match reduction made

because the area was declared a natural

disaster area be extended for Fiscal 1995.

Nature of Requirement: Under the HOME

Program, each participating jurisdiction must

match its allocation of HOME Program funds.

Jurisdictions designated federal ‘‘natural

disaster areas’’ are given relief from the

match requirements for one year.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: August 11, 1994.

Reasons Waived: To relieve the jurisdiction

of coming up with matching funds that

would delay the use of HOME funds in an

emergency situation.

40. Regulation: 24 CFR 92.222(b).

Project/Activity: The State of Missouri

requested that the match reduction made

because the area was declared a natural

disaster area be extended for Fiscal 1995.

Nature of Requirement: Under the HOME

Program, each participating jurisdiction must

match its allocation of HOME Program funds.

Jurisdictions designated federal ‘‘natural

disaster areas’’ are given relief from the

match requirements for one year.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: August 12, 1994.

Reasons Waived: To relieve the jurisdiction

of coming up with matching funds that

would delay the use of HOME funds in an

emergency situation.

41. Regulation: 24 CFR 92.222(b).

Project/Activity: The City of Lawrence,

Kansas requested that the match reduction

made because the area was declared a natural

disaster area be extended for Fiscal 1995.

Nature of Requirement: Under the HOME

Program, each participating jurisdiction must

match its allocation of HOME Program funds.

Jurisdictions designated federal ‘‘natural

disaster areas’’ are given relief from the

match requirements for one year.

Granted by: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: August 17, 1994.

Reasons Waived: To relieve the jurisdiction

of coming up with matching funds that

would delay the use of HOME funds in an

emergency situation.

42. Regulation: 24 CFR 92.251(a).

Project/Activity: American Samoa and the

Commonwealth of the Northern Mariana

Islands requested a waiver of regulations to

permit emergency repairs as an eligible

HOME activity.

Nature of Requirement: Section 92.251(a)

provides that housing assisted with HOME

funds meet, at a minimum, HUD housing

quality standards (HQS), and provides other

minimum standards for substantial

rehabilitation and new construction.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 14, 1994.

Reasons Waived: The waiver was granted

because American Samoa and CNMI have

determined that the need in their localities is

to provide citizens with assistance which

may alleviate a major health hazard.

Examples include the installation of a septic

tank which will prevent the contamination of

drinking water, and the construction of a

safety room to provide the family with

shelter during typhoons. The waiver would

alleviate hardship for American Samoa and

CNMI and permitting them to address health

hazards.

43. Regulation: 24 CFR 92.251(a).

Project/Activity: The City of Phoenix

Arizona requested a waiver of section

92.251(a) to allow the United Methodist

Outreach Ministries to use HOME monies for

the rehabilitation of 41 units in a transitional

housing project.

Nature of Requirement: The regulations

provides that housing assisted with HOME

funds meet, at a minimum, HUD housing

quality standards (HQS) in Section 882.109,

and provides other minimum standards for

substantial rehabilitation and new

construction.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: August 25, 1994.

Reasons Waived: The waiver was granted

because using HOME monies for a portion of

this project would assist the City and the

State in meeting the Department’s priority of

providing additional housing for homeless

families. In addition, not granting the waiver

would adversely affect the purposes of the

HOME Act, which include expanding the

supply of decent, safe, sanitary and

affordable housing for low and very low

income persons.

44. Regulation: 24 CFR 92.254.

Project/Activity: State of California, San

Benito County CPD requested a waiver to

CFR 92.254 which limits the value of homes

purchased using HOME funds.
10606 Federal Register / Vol. 60, No. 38 / Monday, February 27, 1995 / Notices

Nature of Requirement: The HOME

regulations at 24 CFR 92.254 state that for

housing to qualify as affordable housing for

homeownership, its purchase price and/or

after rehabilitation value cannot exceed 95

percent of the median purchase price for

single family housing for the jurisdiction as

determined by HUD. If the jurisdiction

believes the limits determined by HUD do

not accurately reflect 95 percent of the

median purchase price, the regulation

provides that it may appeal the limits in

accordance with 24 CFR 203.28(b).

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: February 22, 1994.

Reason Waived: The HUD Field Office

presented data for single family home sales

that was determined by the Assistant

Secretary to be a reasonable and accurate

representation of local market conditions

and, therefore, the HOME purchase price/

value limits were revised upward for San

Benito County.

45. Regulation: 24 CFR 511.11(a).

Nature of Requirement: The City of

Phoenix Arizona is requesting to repay its

line of credit less than the amount drawn

down for the Willow Ridge Apartments.

When the project was 50 percent complete,

the owners defaulted on the first mortgage

which resulted in foreclosure by the lender.

The City had drawn down $70,264 and is

requesting that HUD accept $60,281.97, the

amount in escrow, as the amount that it

reimburses its Rental Rehabilitation line of

credit for this project.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Date Granted: June 17, 1994.

Reason Waived: HUD accepted the amount

on the basis that the rehabilitation was

substantially complete, low-income residents

of the project and the neighborhood benefited

with a relatively minimal amount of Rental

Rehabilitation funds. Not waiving this

requirement would adversely affect the

purposes of the Rental Rehabilitation

Program and would place hardship on the

city.

46. Regulation: 24 CFR 570.466(c)(3)(i).

Project/Activity: An amendment to the

UDAG Grant Agreement awarded to the City

of Albuquerque.

Nature of Requirement: Jobs must be

created if UDAG monies are used to fund a

specific project.

Date Granted: July 8, 1994.

Granted By: Andrew Cuomo, Assistant

Secretary for Community Planning &

Development.

Reasons Waived: HUD determined that

without the waiver to the regulations, the

project developer would lose the business

rationale for making a partial repayment of

the UDAG loan thus causing and

perpetuating undue hardship on the pocket

of poverty residents, the beneficiaries of

these funds.

[FR Doc. 95–4742 Filed 2–24–95; 8:45 am]

BILLING CODE 4210–32–M

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[AK–962–1410–00–P and AA–8096–03]

Alaska Native Claims Selection

In accordance with Departmental

regulation 43 CFR 2650.7(d), notice is

hereby given that a decision to issue a

reserved minerals conveyance under the

provisions of Sec. 14(e) of the Alaska

Native Claims Settlement Act of

December 18, 1971, 43 U.S.C. 1601,

1613(e), will be issued to Chugach

Alaska Corporation for 919.79 acres.

The lands involved are in the vicinity of

Icy Bay, Alaska.

U.S. Survey No. 8967, Alaska;

U.S. Survey No. 8966, Alaska.

A notice of the decision will be

published once a week, for four (4)

consecutive weeks, in the Anchorage

Daily News. Copies of the decision may

be obtained by contacting the Alaska

State Office of the Bureau of Land

Management, 222 West Seventh

Avenue, #13, Anchorage, Alaska 99513–

7599 ((907) 271–5960).

Any party claiming a property interest

which is adversely affected by the

decision, an agency of the Federal

government or regional corporation,

shall have until March 29, 1995 to file

an appeal. However, parties receiving

service by certified mail shall have 30

days from the date of receipt to file an

appeal. Appeals must be filed in the

Bureau of Land Management at the

address identified above, where the

requirements for filing an appeal may be

obtained. Parties who do not file an

appeal in accordance with the

requirements of 43 CFR Part 4, Subpart

E, shall be deemed to have waived their

rights.

Terry R. Hassett,

Chief, Branch of Gulf Rim Adjudication.

[FR Doc. 95–4678 Filed 2–24–95; 8:45 am]

BILLING CODE 4310–JA–P

[AK–060–1430–01; FF–84553]

Realty Action: Renewal & Amendment

of Airport Lease, Coldfoot, AK

AGENCY: Bureau of Land Management,

Interior.

ACTION: Notice of realty action.

SUMMARY: The State of Alaska

Department of Transportation and

Public Facilities has requested renewal

and amendment of an existing airport

lease at Coldfoot, Alaska. The existing

lease expires on December 27, 2004. The

State has requested renewal for an

additional 20 years.

ADDRESSES: Written comments on this

notice should be submitted to the

District Manager, Bureau of Land

Management, Arctic District Office,

1150 University Avenue, Fairbanks,

Alaska 99709.

FOR FURTHER INFORMATION CONTACT:

Mike Worley, Realty Specialist, at the

address given above or at telephone

(907) 474–2309 or toll free 800–437–

7021.

SUPPLEMENTARY INFORMATION: The

following public lands at Coldfoot,

Alaska, are being considered for lease to

the State of Alaska for airport purposes

under the Act of May 24, 1928, as

amended (49 U.S.C., Appendix 211–

213):

Fairbanks Meridian, Alaska

Township 28 North, Range 12 West, within

Tract III, Parcels D, E & F:

Tract III, Parcel D

Commencing at the point of intersection of

the westerly boundary of Tract II, Parcel B

(left bank of Slate Creek) and the

southeastern boundary of Federal Mining

Claim ‘‘No. 19 Above’’, designated as Corner

#1

Thence S 32° 10′ 09′′ W a distance of

147.24 feet to Corner #2;

Thence S 42° 37′ 00′′ E a distance of 466.77

feet to Corner #3;

Thence N 32° 10′ 09′′ E a distance of 120.00

feet to Corner #4;

Thence S 81° 30′ 00′′ E a distance of 550.94

feet to Corner #5 on the left bank of said Slate

Creek at the ordinary high water line;

Thence continuing along the meanders of

Slate Creek at the line of ordinary high water

in a westerly direction, said meanders being

generally described by the following

predominant courses and distances from the

last described point;

N 60° 17′ 46′′ W a distance of 177.39 feet

to Corner #6;

N 38° 50′ 04′′ W a distance of 90.82 feet

to Corner #7;

N 05° 11′ 52′′ E a distance of 140.72 feet

to Corner #8;

N 18° 49′ 27′′ E a distance of 134.64 feet

to Corner #9;

N 39° 02′ 45′′ W a distance of 84.64 feet

to Corner #10;

N 79° 58′ 58′′ W a distance of 242.72 feet

to Corner #11;

S 45° 15′ 07′′ W a distance of 91.50 feet to

Corner #12;

S 81° 38′ 04′′ W a distance of 159.52 feet

to Corner #13;

S 89° 32′ 18′′ W a distance of 176.46 feet

to Corner #1;

Said parcel contains 6.526 acres, more or

less and is depicted as Tract III, Parcel D.

Tract III, Parcel E

Commencing at the point of intersection of

the southwesterly boundary of Tract I, Parcel

B and southerly boundary of Federal Mining

Claim ‘‘No. 19 Above’’, designated as Corner

#1

S 32° 10′ 09′′ W a distance of 114.64 feet

to Corner #2;