[Federal Register Volume 60, Number 73 (Monday, April 17, 1995)]
[Notices]
[Page 19278]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-9332]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Community Planning and 
Development
[Docket No. N-95-3888; FR-3886-N-02]


FY 1995 Funding Availability HOPE for Homeownership of Single 
Family Homes Program (HOPE 3); Notice of Correction of Allocation 
Amounts

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, HUD.

ACTION: FY 1995 funding availability; notice of correction.

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SUMMARY: On February 24, 1995, HUD published a notice that announced 
the availability of approximately $22 million in funding for 
implementation grants for the HOPE for Homeownership of Single Family 
Homes Program (HOPE 3). The purpose of this notice is to revise the 
geographical area allocations set forth in the February 24, 1995 NOFA.

DATES: This notice does not revise the application deadline set forth 
in the February 24, 1995 NOFA.

FOR FURTHER INFORMATION CONTACT: Clifford Taffet, Office of Affordable 
Housing Programs, Department of Housing and Urban Development, room 
7168, 451 Seventh Street, SW, Washington, DC 20410; telephone (202) 
708-3226; (TDD (202) 708-2565). (These are not toll-free numbers.)

SUPPLEMENTARY INFORMATION: On February 24, 1995 (60 FR 10446), HUD 
published a notice that announced the availability of approximately $22 
million in funding for implementation grants for the HOPE for 
Homeownership of Single Family Homes Program (HOPE 3).
    Section I.B of the NOFA entitled ``Allocation Amounts,'' sets forth 
the amount of the $22 million that has been allocated to each of the 10 
HUD geographical areas. In that section, HUD advised the amounts 
allocated to each of the 10 HUD geographical areas is based on a 
formula described in the final rule (24 CFR 572.210(b)) and based upon 
1993 data. HUD further advised that should more recent data become 
available during the application solicitation period, revised 
allocations will be published in the Federal Register. The purpose of 
this notice is to revise the geographical area allocations set forth in 
the February 24, 1995 NOFA and increase the amount available for this 
competition from $22 million to $23 million based on recent recaptures.
    Accordingly, in the NOFA published on February 24, 1995 (60 FR 
10446), the following correction is made:
    1. On page 10446, in column three, Section I.B. entitled 
``Allocation Amounts'' is corrected to read as follows:
B. Allocation Amounts
    The purpose of this NOFA is to announce the availability of 
approximately $23 million in funds for implementation grants, 
appropriated by the HUD Appropriations Act for Fiscal Year 1995 (Pub. 
L. 103-327, approved September 28, 1994). The amount made available for 
implementation grants has been allocated to each of the 10 HUD 
geographical areas (formerly Regions) by a formula described in the 
final rule (24 CFR 572.210(b)). However, no former Region has been 
allocated less than $1.0 million in order to ensure that national 
geographic diversity is maintained. The formula results in the 
following allocations based upon 1995 data. (The numbered geographical 
areas correspond to the number of the former HUD Region; e.g, 1 = 
former Region I).

1. $1,030,000
2. $2,120,000
3. $2,217,000
4. $4,287,000
5. $3,206,000
6. $2,829,000
7. $1,000,000
8. $1,000,000
9. $4,311,000
10. $1,000,000

    Dated: April 6, 1995.
Kenneth C. Williams,
Deputy Assistant Secretary for Grant Programs.
[FR Doc. 95-9332 Filed 4-14-95; 8:45 am]
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