Rd instruction 1940-l table of Contents




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RD Instruction 1940-L

Table of Contents

Page 1

PART 1940 - GENERAL


Subpart L - Methodology and Formulas for Allocation of Loan and Grant
Program Funds

Table of Contents


Sec. Page
1940.551 Purpose and general policy. 1

1940.552 Definitions. 1


(a) Amount available for allocations. 1

(b) Basic formula criteria, data source and weight. 1

(c) Basic formula allocation. 2

(d) Transition formula. 2

(e) Base allocation. 2

(f) Administrative allocations. 2

(g) Reserve. 3

(h) Pooling of funds. 3

(i) Availability of the allocation. 3

(j) Suballocation by the State Director. 3

(k) Other documentation. 3
1940.553 - 1940.559 [Reserved] 3
1940.560 Guarantee Rural Rental Housing Program. 13

1940.561 - 1940.562 [Reserved] 14

1940.563 Section 502 non-subsidized guaranteed Rural

Housing (RH) loans. 14

1940.564 Section 502 subsidized guaranteed Rural Housing (RH)

loans. 14B

1940.565 Section 502 subsidized Rural Housing loans. 15

1940.566 Section 504 Housing Repair loans. 17

1940.567 Section 504 Housing Repair grants. 19

1940.568 Single Family Housing programs appropriations

not allocated by State. 21

(02-22-16) PN 484

RD Instruction 1940-L

Table of Contents

Page 2


Sec. Page
1940.569 - 1940.574 [Reserved] 21

1940.575 Section 515 Rural Rental Housing (RRH) loans. 23

1940.576 Rental Assistance (RA) for new construction. 24

1940.577 Rental Assistance (RA) for existing projects. 25

1940.578 Housing Preservation Grant (HPG) program. 26

1940.579 Multiple Family Housing appropriations not

allocated by State. 27
(a) Section 514 Farm Labor Housing Loans. 27

(b) Section 516 Farm Labor Housing Grants. 27


1940.580 - 1940.584 [Reserved] 27

1940.585 Community Facility loans. 29

1940.586 - 1940.587 [Reserved] 30

1940.588 Business and Industry Guaranteed and Direct Loans,


Rural Business Enterprise Grants, Rural Business
Opportunity Grants, and Intermediary Relending Program. 30

1940.589 Rural Energy for America Program. 37

1940.590 Community and Business Programs appropriations

not allocated by State. 39

1940.591 Community Program Guaranteed loans. 40

1940.592 Community Facilities Grants. 42

1940.593 Other Rural Business-Cooperative Service Programs. 43

1940.594 - 1940.600 [Reserved] 44

Exhibit A Allocation of Program Funds for Current Fiscal Year.

(Available in any Rural Development State Office)


Exhibit B Section 515 Nonprofit Set Aside (NPSA).
Exhibit C Housing in Underserved Areas.
Exhibit D Rural Rental Housing Diversity Demonstration Program

(RRHDDP).


oOo


RD Instruction 1940-L

PART 1940 - GENERAL

Subpart L - Methodology and Formulas for Allocation

of Loan and Grant Program Funds


§1940.551 Purpose and general policy.
(a) The purpose of this subpart is to set forth the methodology and formulas by which the Under Secretary of Rural Development allocates program funds to the States. (The term "State" means any of the States of the United States, the Commonwealth of Puerto Rico, any territory or possession of the United States, or the Western Pacific Areas.) This subpart is inapplicable to Farm Service Agency, Farm Loan Programs. (Revised 01-09-08, PN 417.)

(b) The formulas in this subpart are used to allocate program loan and grant funds to State Offices so that the overall mission of the Agency can be carried out. Considerations used when developing the formulas include enabling legislation, congressional direction, and administration policies. Allocation formulas ensure that program resources are available on an equal basis to all eligible individuals and organizations.

(c) The actual amounts of funds, as computed by the methodology and formulas contained herein, allocated to a State for a funding period, are distributed to each State Office by an exhibit to this subpart. The exhibit is available for review in any Rural Development State Office. The exhibit also contains clarifications of allocation policies and provides further guidance to the State Directors on any suballocation within the State. Rural Development will publish a Notice of Availability of Rural Housing funds in the Federal Register each year. (Revised 01-27-92, SPECIAL PN.)
§1940.552 Definitions.
(a) Amount available for allocations. Funds appropriated or otherwise made available to the Agency for use in authorized programs. On occasion, the allocation of funds to States may not be practical for a particular program due to funding or administrative constraints. In these cases, funds will be controlled by the National Office. (Revised 7-12-88, PN 89.)

(b) Basic formula criteria, data source and weight. Basic formulas are used to calculate a basic State factor as a part of the methodology for allocating funds to the States. The formulas take a number of criteria that reflect the funding needs for a particular program and through a normalization and weighting process for each of the criteria calculate the basic State factor (SF). The data sources used for each criteria are believed to be the most current and reliable information that adequately quantifies the criterion. The weight, expressed as a percentage, gives a relative value to the importance of each of the criteria.

__________________________________________________________________________

DISTRIBUTION: WS Loan and Grant Making

General

1

(Revision 4)

(7-12-85) SPECIAL PN


RD Instruction 1940-L

§1940.552 (Con.)


(c) Basic formula allocation. The result of multiplying the amount available for allocation less the total of any amounts held in reserve or distributed by base or administrative allocation times the basic State factor for each State. The basic formula allocation (BFA) for an individual State is equal to:
BFA = (Amount available for allocation - NO reserve

- total base and administrative allocations) x SF.


(d) Transition formula. A formula based on a proportional amount of previous year allocation used to maintain program continuity by preventing large fluctuations in individual State allocations. The transition formula limits allocation shifts to any particular State in the event of changes from year to year of the basic formula, the basic criteria, or the weights given the criteria. The transition formula first checks whether the current year's basic formula allocation is within the transition range (+ or - percentage points of the proportional amount of the previous year's BFA).
Transition Range = l.0 + maximum 20%

100


X (Amount available for allocation this year X State previous

(Amount available for allocation previous year) year BFA)


If the current year's State BFA is not within this transition range, the State formula allocation is changed to the amount of the transition range limit closest to the BFA amount. After having performed this transition adjustment for each State, the sum of the funds allocated to all States will differ from the amount of funds available for BFA. This difference, whether a positive or negative amount, is distributed to all States receiving a formula allocation by multiplying the difference by the SF. The end result is the transition formula allocation. The transition range will not exceed 40% (+ 20%), but when a smaller range is used it will be stated in the individual program section.
(e) Base allocation. An amount that may be allocated to each State dependent upon the particular program to provide the opportunity for funding at least one typical loan or grant in each Rural Development State, District, or County Office. The amount of the base allocation may be determined by criteria other than that used in the basic formula allocation such as Agency historic data.
(f) Administrative allocations. Allocations made by the Administrator in cases where basic formula criteria information is not available. This form of allocation may be used when the Administrator determines the program objectives cannot be adequately met with a formula allocation.


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