Rd instruction 1940-l table of Contents




Yüklə 0.9 Mb.
səhifə10/17
tarix17.04.2016
ölçüsü0.9 Mb.
1   ...   6   7   8   9   10   11   12   13   ...   17

Housing and Community Facilities Programs

SINGLE FAMILY HOUSING


  1. General.




  1. This Attachment provides SFH allocations for FY 2015. Allocation computations have been made in accordance with §§ 1940.563 through 1940.568 of this Instruction. Program contacts for funds held in the National Office are located on a chart on page 10 of this Subpart. Information on basic formula criteria, data source and weight, administrative allocation, pooling of funds, and availability of the allocation are located on a chart on page 11 of this Part III.




  1. 20X20X16

To the maximum extent possible, loan, grant, and guaranteed funds should be directed to census tracts with at least 20% of its population in poverty. This emphasis will support Rural Development’s goal of providing 20% of its funding by the year 2016 to these areas of need.


  1. For FY 2015, State Directors will have the flexibility to transfer their initial allocations of budget authority between the Section 504 Rural Housing Repair Grant program and the Section 533 Housing Preservation Grant (HPG) program when funds allocated under the HPG program are uncommitted after receipt of HPG applications.

Rural Housing Assistant Grants (RHAG) transfers cannot be considered until after the last day for applicants to file HPG applications in order to allow time to determine if funds are available for transfer. If a State Director determines that they cannot fully utilize their Section 504 grant allocation, they may request to transfer unusable funds to the Section 533 HPG program.


Of the total unusable Section 504 grant funds, the maximum transfer to Section 533 grant funds will be 25 percent. The remaining 75 percent of the Section 504 grant funds will be returned to the National Office reserve to meet the Section 504 grant needs of senior citizens in other states.
Of the total unusable Section 504 grant funds, the maximum cumulative transfer amount to Section 533 grant funds is 10% of the Section 533 allocation or $353,799 without triggering a reprogramming letter to Congress. Transfers exceeding this amount will require a reprogramming letter to Congress for them to act upon at their discretion.


  1. Exception authority. The Administrator, or designee, may, in individual cases, make an exception to any of the requirements of this Attachment which are not inconsistent with the authorizing statute or regulations if the Administrator finds that application of such requirement or failure to take action would adversely affect the interest of the Government.

(11-06-15) PN 480

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 2


The Administrator, or designee, may exercise this authority upon request by a State Director. These requests must be supported by information that demonstrates the adverse impact or effect on the program if the exception authority is not exercised.


  1. In addition, the Administrator, or designee, reserves the right to change pooling dates, establish or change minimum or maximum fund usage from set asides and reserves, or restrict participation in set asides and reserves as allowed by statute. The SFH levels authorized for FY 2015 are as follows:




Section 502 Guaranteed Rural Housing (RH) Loans

$24,000,000,000

Nonsubsidized Guarantees Purchase

$23,520,000,000

Nonsubsidized Guarantees Refinance

$480,000,000

Section 502 Direct RH Loans 1/

$900,000,000

Very low-income Subsidized Loans

$360,000,000

Low-Income Subsidized loans

$540,000,000

Credit sales (Nonprogram)

$10,000,000

Section 504 Housing Repair Loans 1/

$26,279,401

Section 504 Housing Repair Grants 1/2/

$28,701,000

Section 509 Compensation for Construction Defects 3/

$371,988.53

Section 523 Mutual and Self-help Housing Grants and Contracts 2/

$27,500,000

Section 523 Self-Help Site Loans

$5,000,000

Section 524 Site Loans

$5,000,000


Section 306C Water and Waste Disposal Grants 2/

$1,000,000


1/ Includes funds for REAP communities. After August 15, 2015,

funds will be available for regular program.





2/ Carryover funds are not included.




3/ This is a carryover balance. No new funds were allocated for

FY 2015.




  1. SFH funding not allocated to States are:




  1. Credit Sale Authority. Credit sale funds are available only for nonprogram sales of Real Estate Owned (REO) property. There will be no State distribution of nonprogram credit sale authority; rather funds will be available on a first-come, first-served basis. A separate reserve of Section 502 loan funding is being maintained in the National Office for the sale of program property to program applicants. Requests should be submitted using the National Office Reserve Funds (NORF) system as described on page 8, paragraph II.B.4.d. of this Attachment. The requested amount and the amount reflected in MortgageServ must match in order for the request to be considered.

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 3



  1. Section 509 Compensation for Construction Defects. All claims for compensation for construction defects, along with the borrower’s case file, must be submitted to the National Office for authorization of funds prior to approval. After receipt of the authorization, claims may be approved and submitted to the finance office for funding. There is a carryover unobligated balance of $371,988.53. No additional funding was appropriated for FY 2015.




  1. Section 523 Mutual and Self-help Technical Assistance Grants. The State Director must request funding approval from the National Office for all requests. A technical review and analysis must be completed by the Technical and Management Assistance (T&MA) contractor on all predevelopment, new and existing (refunding) grant applications. In addition to the T&MA contractor’s review, Agency personnel must also review and evaluate the feasibility of the grantee’s request and make the appropriate recommendation. The level of National office review will be based on the amount of the grant:

(a) For grant requests of $300,000 or less, the State Director should submit:


(1) the analysis from the T&MA contractor;

(2) statement indicating whether or not the grant recipient will be working in Rural Economic Area Partnerships (REAP) and census tract designation of area;

(3) the State Director’s recommendation;

(4) a copy of the conditions to be met;

(5) a copy of Form RD 1940-1, Request for Obligation of Funds;

(6) if the grantee is a marginal performer, specific information showing actions to correct performance, and

(7) USDA Survey on Ensuring Equal Opportunity for Applicants.


  1. For grant requests that exceed $300,000, the complete application docket along with the items mentioned above, must be sent to the National Office.

For Section 523 Mutual and Self-Help Technical Assistance Grants, $27,500,000 is appropriated. All Section 523 grants will be obligated in the National Office to enable National Office staff to better monitor fund utilization.

(11-06-15) PN 480

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 4



  1. Section 523 Self-Help Site Loans and Section 524 RH Site Loans. The State Director must request and receive funding authority from the National Office prior to obligating loan funds. For FY 2015, $5,000,000 was appropriated for Section 523 Site Loans and $5,000,000 for Section 524 Site Loan.




  1. Section 306C Water and Waste Disposal (WWD) Grants to Individuals in Colonias. The objective of the Section 306C WWD individual grant program is to facilitate the use of community water or waste disposal systems for the residents of the colonias along the U.S. Mexico border. Colonias are located in the States of Arizona, California, New Mexico and Texas.

A colonia is defined as the area of the United States within 150 miles of the border between the United States and Mexico except that the term does not include any standard metropolitan statistical area that has a population exceeding 1,000,000; is determined to be a colonia on the basis of objective criteria, including lack of potable water supply, lack of adequate sewage systems, and lack of decent, safe and sanitary housing; and was existing as a colonia before the date of enactment of the Cranston-Gonzalez National Affordable Housing Act.


Eligible areas under Section 306C WWD may be different from areas under the 5 percent set-aside for the 100 underserved counties and colonias. The amount of funding allocated to Arizona, California, New Mexico and Texas will be $1,000,000 for FY 2015. Allocations will be distributed to the above States for processing individual grant applications


  1. Section 525 Technical and Supervisory Assistance (TSA) and Section 509 Housing Application Packaging Grants (HAPG). There is no FY 2015 funding for these programs.




  1. Natural Disaster Funds. There are no natural disaster funds available. Should disaster funding be authorized, the Agency will obtain a formal OGC opinion regarding the appropriate use of emergency funds prior to approving applications for designated disasters.

8. Deferred Mortgage Payment Demonstration. There is no FY 2015

funding provided for deferred mortgage authority or loans for

deferred mortgage assumptions.





  1. Section 502 Direct Funds for Families not Qualifying for Payment Assistance. Funds from a State’s allocation may be used for qualified very low- and low-income applicants when the payment assistance formula shows there is no need for the subsidy. This assistance will be taken from the State's subsidized regular funding.

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 5



  1. State Allocations. State allocation distributions can be found on pages 12 through 19 of this Subpart.




  1. Section 502 nonsubsidized guaranteed RH (GRH) loans. The pooling date for all Section 502 non-subsidized guaranteed RH funds will be August 15, 2015, if needed. However, if funds are used at a faster rate than anticipated, the pooling date may be moved forward and the National Office may opt to pool funds more than once. If funds are used at a slower rate than anticipated, pooling may be delayed. If it appears that ample funds will remain available for the entire year, the National Office may cancel the pooling of GRH funds.

If analysis of the utilization of funds during the fiscal year indicates that, at the rate of current utilization, funds may not be sufficient to sustain that level of activity for the remainder of the fiscal year, the Agency may determine a shortage of funds exists. A determination that a shortage of funds exists will be made if, based on current obligation rates, funds are projected to run out before the end of the fiscal year.  Upon the determination that a shortage of funds exists, applications from first time homebuyers, veterans, and veteran family members will be prioritized in accordance with HB-1-3555, Chapter 14, Section 14.3.


1. Purchase - Amount available for allocation for annually allocated funds.


Total Available – Purchase

$23,520,000,000

Less National Office General Reserve

$5,520,000,000

Basic Formula and Administrative Allocation

$18,000,000,000


National Office General Reserve. Requests for National Office reserve funds should be submitted by e-mail to the Guaranteed Loan Division’s e-mail address of sfhgld@wdc.usda.gov with “Funding Request” or “Request for Funds” in the subject line. Your request should be placed in the body of the e-mail message and must have the following information: Amount of the Purchase Funds requested; and under which category: General or Special Outreach. The NORF system is not used for guaranteed

funds. The Administrator may restrict access to this reserve for States not meeting their goals in special outreach areas.

(11-06-15) PN 480

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 6



  1. Sub-allocation by the State Director. The State Director may retain funds at the State office level or sub-allocate to the area or field office level.

(b) Special Outreach Areas. In FY 2015, the National Office will not allocate funds for specific use in special outreach areas. However, tracking of funds usage in special outreach areas will be continually tracked using reports from the RD Data Warehouse. States should monitor funds usage in special outreach areas to ensure 30 percent of GRH funds are used in special outreach areas. Special outreach areas for the GRH program are defined as those areas within a State that are not located within a Metropolitan Statistical Area (MSA).




    1. Refinance - Amount available for annually allocated funds.

Total Available – Refinance

$480,000,000

Less National Office General Reserve

$480,000,000

Basic Formula and Administrative Allocation

$ -0-

(a) Refinance Funds. Refinance funds use a different Type of Assistance code in the Guaranteed Loan System. The funds are currently tracked in the Program Funds Control System (PFCS) as a separate allocation. Refinance loan funds will not be distributed to each State this year due to the industry wide reduction of loan refinances and the wide variations in refinance activity across the country. Funds will be managed by the National Office and distributed to each State on a loan-by-loan basis to ensure sufficient funding in all States for refinance loans.


(b) National Office General Reserve. Requests for National Office reserve funds should be submitted by e-mail to the Guaranteed Loan Division’s e-mail address of sfhgld@wdc.usda.gov with “Funding Request” or “Request for Funds” in the subject line. Your request should be placed in the body of the e-mail message and must have the following information: Amount of the Refinance Funds requested. The NORF system is not used for guaranteed funds. The Administrator may restrict access to this reserve for States not meeting their goals in special outreach areas.
(c) Allocation of funds. The National Office will not allocate refinance funds to each State using the basic allocation formula. Funds will be distributed to each State on a loan-by-loan basis, and will be tracked by the National Office.

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 7

(d) Sub-allocation by the State Director. The State Director may not retain funds at the State office level or sub-allocate to the area or field office level.




  1. Section 502 Direct RH Loans.

1. Amount available for allocation of annual funds.




Total Available

$900,000,000

Less Required Set Aside--5% Underserved Counties and Colonias

45,000,000

Less REAP

1,587,977

Less Self-Help

67,750,677

Less General Reserve

180,000,000

Basic Formula and Administrative Allocation

605,661,346




    1. Base Allocation. Each State will receive a base allocation in accordance with § 1940.552(e). The base allocation for FY 2015 is $4,000,000. This will ensure that each state receives at least $4,000,000.




    1. Nationally not less than 40 percent of funds, and not less than 30 percent of funds for an individual State, will be made available for very low-income applicants.




    1. Reserves – Annual Appropriations.



          1. Program Real Estate Owned (REO) Sales. There will be no State distribution of REO funds. Rather, States are expected to fund Program REO sales from their own reserve. Requests should be submitted using the NORF system, as described on page 8, paragraph II.B.4.d. of this Attachment. The requested amount and the amount reflected in MortgageServ must match in order for requests to be considered.




  1. Underserved Counties and Colonias. For the 100 underserved counties and colonias, $45,000,000 has been made available. The underserved counties and colonias are identified in pages 20 through 22 of this Attachment. Requests should be submitted using the NORF system, as described on page 8, paragraph II.B.4.d. of this Attachment. Additional underserved counties may be requested after June 30, 2015. Allocation amounts for underserved and colonia areas are listed on page 17.

(11-06-15) PN 480

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 8



  1. Rural Economic Area Partnership (REAP) Zones Set-Aside. For REAP Zones, $1,587,977 has been made available. If these funds are not obligated for REAP Zones by August 15, 2015, they shall remain available for other authorized purposes. Allocation amounts for REAP Zones funds are listed on page 18.




  1. Reserve Requests. States that have fully utilized their allocations are eligible for National Office reserve funds. Requests for Hardship/Homeless and Program REO funding must be submitted on a case-by-case basis utilizing the NORF system. Requests must include the applicant's name, account number, full loan amount, amount being requested, income category, and a justification, if applicable. The information in the requests must exactly match what is in MortgageServ. Requests with inconsistencies between NORF and MortgageServ will not be processed. States that have fully utilized their allocations may request lump sum amounts using the appropriate survey tool in accordance with periodic instructions from the National Office.




  1. State Office Pooling. If pooling is conducted within a State, it must not take place within the first 30 calendar days of the first, second, or third quarter. (There are no restrictions on pooling in the fourth quarter.) Pooled funds may be redistributed by the State Director provided the State Director has determined that the pooled funds could not be used in the field offices receiving the funds allocated in accordance with this Instruction. This determination will be in writing, filed in the State office, and will include a statement that all appropriate efforts were made to use the funds, as allocated.




  1. Suballocation by the State Director. The State Director may suballocate funding to each area office using the methodology and formulas required by this Instruction. If the suballocation is to the area level, the Area Director will make funds available on a first-come, first-served basis to offices at the field or area level. No Field Office will have its access to funds restricted without the prior written approval of the Administrator. State Directors may hold funds in reserve for leveraging and other initiatives.




  1. Section 504 Housing Loans and Grants. Section 504 grant funds are included in RHAG in the FY 2015 appropriation. Funds included in RHAG may be transferred in accordance with Section I B of this Attachment.

RD Instruction 1940-L

Exhibit A

Attachment 2, Part III

Page 9


1. Amount available for allocation of annual funds.
Section 504 Loans:

Total available

$26,279,401

Less 5% For 100 Underserved Counties and

Colonias



1,313,970

Less REAP Zones Set-Aside

45,979

Less General Reserve

600,000

Basic formula – Administrative Allocation

24,319,452

Section 504 Grants:



Total Available

$28,701,000

Less 5% for 100 Underserved Counties and Colonias

1,435,050

Less REAP Zones Set-Aside

42,500

Less General Reserve

1,000,000

Basic Formula – Administrative Allocation

26,223,450
1   ...   6   7   8   9   10   11   12   13   ...   17


Verilənlər bazası müəlliflik hüququ ilə müdafiə olunur ©azrefs.org 2016
rəhbərliyinə müraciət

    Ana səhifə