Source: http://azrefs.org/rd-instruction-1940-l-table-of-contents.html?page=2
Timestamp: 2018-09-26 01:49:27
Document Index: 217952908

Matched Legal Cases: ['§1940', '§1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940', '§ 1940']

2 (Revision 4) - Rd instruction 1940-l table of Contents
§1940.552 (Cont.) RD Instruction 1940-L
(g) Reserve. An amount retained under the National Office control for each loan and grant program to provide flexibility in meeting situations of unexpected or justifiable need occurring during the fiscal year. The Administrator may make distributions from this reserve to any State when it is determined necessary to meet a program need or Agency objective. The Administrator may retain additional amounts to fund authorized demonstration programs. When such demonstration programs exist, the information is outlined in Exhibit A of this subpart (available in any Rural Development State Office). (Revised 7-12-88, PN 89)
(h) Pooling of funds. A technique used to ensure that available funds are used in an effective, timely and efficient manner. At the time of pooling those funds within a State's allocation for the fiscal year of portion of the fiscal year, depending on the type of pooling, that have not been obligated by the State are placed in the National Office reserve. The Administrator will establish the pooling dates for each affected program.
(3) Emergency: the Administrator may pool funds at any time that it is determined the conditions upon the initial allocation was based have changed to such a degree that it is necessary to pool funds in order to efficiently carry out the Agency mission.
(i) Availability of the allocation. Program funds are made available to the Agency on a quarterly basis. In the high demand programs, it is necessary that specific instructions be given to the State Offices regarding the amount which is available for obligation during each quarter.
§§1940.553 - 1940.559 [Reserved]
§ 1940.560 Guarantee Rural Rental Housing Program.
(Added 12-18-98, SPECIAL PN)
When funding levels are under $100,000,000, all funds will all be held in a National Office reserve and made available administratively in accordance with the Notice of Funding Availability (NOFA) and program regulations. When program levels are sufficient for a nationwide program, funds are allocated based upon the following criteria and weights.
(b) Basic formula criteria, data source and weight. See
§ 1940.552(b) of this subpart. Each factor will receive a weight respectively of 40%, 40% and 20%. The criteria used in the basic formula are:
(1) State’s percentage of National rural population,
(2) State’s percentage of the National number of rural households between 50 and 115 percent of the area median income, and
(3) State’s percentage of National average cost per unit.
Data source for the first two of these criterion are based on the latest census data available. The third criterion is based on the cost per unit data using the applicable maximum per unit dollar amount limitations under section 207(c) of the National Housing Act, which can be obtained from the Department of Housing and Urban Development. The percentage representing each criterion is multiplied by the weight assigned and totaled to arrive at a State factor.
(07-12-85) SPECIAL PN
§ 1940.560(b)(3) (Con.)
State Factor = (criterion No. 1 x weight of 40%)+
(criterion No. 1 x weight of 40%)+
(criterion No. 1 x weight of 20%)
(c) Basic formula allocation. See § 1940.552(c).
(d) Transition formula. See § 1940.552(d).
(e) Base allocation. See § 1940.552(e). Jurisdictions receiving administrative allocations do not receive base allocations.
(f) Administrative allocations. See § 1940.552(f). Jurisdictions receiving formula allocations do not receive administrative allocations.
(g) Reserve. See § 1940.552(g).
(h) Pooling of funds. See § 1940.552(h).
(i) Availability of the allocation. See § 1940.552(i).
(j) Suballocation by the State Director. See § 1940.552(j).
§§ 1940.561 - 1940.562 [Reserved]
§ 1940.563 Section 502 non-subsidized guaranteed Rural Housing (RH) loans. (Added 03-13-91, PN 159.)
§ 1940.552(b) of this subpart. The criteria used in the basic formula are:
§ 1940.563(b) (Con.)
(4) State's percentage of the national number of rural renter households paying more than 35 percent of income for rent. Data source for each of these criteria is based on the latest census data available. Each criterion is assigned a specific weight according to its relevance in determining need. The percentage representing each criterion is multiplied by the weight factor and summed to arrive at a basic State factor (SF) as follows:
SF = (criterion 1 x weight of 30 %) +
(criterion 2 x weight of 10 %) +
(criterion 3 x weight of 30 %) +
(criterion 4 x weight of 30 %)
(c) Basic formula allocation. See § 1940.552(c) of this subpart.
(d) Transitional formula. See § 1940.552(d) of this subpart. The percentage range used for Section 502 guaranteed RH loans is plus or minus 15.
(e) Base allocation. See § 1940.552(e) of this subpart. Jurisdictions receiving administrative allocations do not receive base allocations.
(f) Administrative allocations. See § 1940.552(f) of this subpart. Jurisdictions receiving formula allocations do not receive administrative allocations.
(g) Reserve. See § 1940.552(g) of this subpart.
(h) Pooling of funds. See § 1940.552(h) of this subpart.
(j) Suballocation by the State Director. See § 1940.552(j) of this subpart. Annually, the Administrator will advise State Director's whether or not suballocation within the State Office jurisdiction will be required for the guaranteed housing program.
§ 1940.564 Section 502 subsidized guaranteed Rural Housing (RH) loans.
(Added 03-13-91, PN 159.)
§ 1940.564 (Con.)