Rd instruction 1940-l table of Contents




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25

(Revision 1)


(7-12-85) SPECIAL PN

RD Instruction 1940-L

§1940.578 Housing Preservation Grant (HPG) program. (Revised 7-12-88, PN 89)
(a) Amount available for allocations. See §1940.552 (a) of this subpart.
(b) Basic formula criteria, data source and weight. See §1940.575 (b) of this subpart.
(c) Basic formula allocation. See §1940.552 (c) of this subpart.
(d) Transition formula. See §1940.552 (d) of this subpart.
(e) Base allocation. See §1940.552 (e) of this subpart.
(f) Administrative allocations. See §1940.552 (f) of this subpart.
(g) Reserve. See §1940.552 (g) of this subpart.
(h) Pooling of funds. See §1940.552 (h) of this subpart. Funds may be pooled after all HPG applications have been received and HPG fund demand by State has been determined. Pooled funds will be combined with the National Office reserve to fund eligible projects. Remaining HPG funds will be available for distribution for use under the Section 504 program.
(i) Availability of the allocation. See §1940.552 (i) of this subpart.
(j) Suballocation by the State Director. Not applicable.
(k) Other documentation. Funds for the HPG program will be available for a limited period each fiscal year. Due to the requirements by law to allocate funds on a formula basis to all States and to have a competitive selection process for HPG project selection, Rural Development will announce opening and closing dates for receipt of HPG applications. After the closing date, Rural Development will review and evaluate the proposals, adjust State allocations as necessary to comply with the law and Program demand, and redistribute remaining unused HPG resources for use under Section 504 (as required by statute).


26

(Revision 1)


RD Instruction 1940-L

§ 1940.579 Multiple Family Housing appropriations not allocated by State. (Revised 06-07-99, SPECIAL PN.)


Funds are not allocated to States. The following program funds are kept in a National Office reserve and are available as determined administratively:
(a) Section 514 Farm Labor Housing Loans.
(b) Section 516 Farm Labor Housing Grants.
§§ 1940.580 - 1940.584 [Reserved]

(Continued on page 29)



27

(Revision 2)

(07-12-85) SPECIAL PN


RD Instruction 1940-L
§ 1940.585 Community Facility loans.
(a) Amount available for allocations. See §1940.552(a) of this subpart.
(b) Basic formula criteria, data source and weight. See §1940.552(b) of this subpart. (Revised 10-22-93, SPECIAL PN.)
(1) The criteria used in the basic formula are:
(i) State's percentage of national rural population - 50 percent.
(ii) State's percentage of national rural population with incomes below the poverty level - 25 percent.
(iii) State's percentage of national nonmetropolitan unemployment - 25 percent.
(2) Data source for each of these criterion 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 State factor (SF). The SF cannot exceed .05.
SF = (criterion (b)(1)(i) x 50 percent) +

(criterion (b)(1)(ii) x 25 percent) +

(criterion (b)(1)(iii) x 25 percent)
(c) Basic formula allocation. See §1940.552(c) of this subpart. States receiving administrative allocations do not receive formula allocations.
(d) Transition formula. See §1940.552(d) of this subpart. The percentage range for the transition formula equals 30 percent
(+ 15%).
(e) Base allocation. See §1940.552(e) of this subpart. States receiving administrative allocations do not receive base allocations.
(f) Administrative allocation. See §1940.552(f) of this subpart. States participating in the formula base allocation procedures do not receive administrative allocations.

29

(Revision 3)


(7-12-85) SPECIAL PN

RD Instruction 1940-L

§ 1940.585 (Con.)

(g) Reserve. See §1940.552(g) of this subpart. States may request funds by forwarding a completed copy of Guide 26 of Subpart A of Part 1942 of this chapter (available in any Rural Development office), to the National Office. Generally, a request for additional funds will not be honored unless the State has insufficient funds to obligate the loan requested.


(h) Pooling of funds. See §1940.552(h) of this subpart. Funds are generally pooled at mid-year and year-end. Pooled funds will be placed in the National Office reserve and will be made available administratively.
(i) Availability of the allocation. See §1940.552(i) of this subpart. The allocation of funds is made available for States to obligate on an annual basis although the Office of Management and Budget apportions it to the Agency on a quarterly basis.
(j) Suballocation by the State Director. See §1940.552(j) of this subpart. State Director has the option to suballocate to District Offices.
(k) Other documentation. Not applicable.
§§1940.586 - 1940.587 [Reserved]
§ 1940.588 Business and Industry Guaranteed and Direct Loans, Rural Business Enterprise Grants, Rural Business Opportunity Grants, and Intermediary Relending Program. (Revised 02-22-16, PN 484).
The Agency will allocate funds to the States each Federal fiscal year for the programs identified in this section using the procedures specified in paragraph (a) of this section. If the Agency determines that it will not allocate funds to the States for a program identified in this section in a particular Federal fiscal year, the Agency will announce this decision in a notice published in the Federal Register. The conditions under which the Agency will not allocate a program’s funds to the States are identified in paragraph (b) of this section.
(a) Procedures for allocating funds to the States. Each Federal fiscal year, the Agency will use the amount available to the program and the procedures identified in paragraphs (a)(2) through (10) of this section to determine the amount of program funds to allocate to each of the States. The Agency will make the allocation calculation each Federal fiscal year.

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