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Daily Rules, Proposed Rules, and Notices of the Federal Government

DEPARTMENT OF AGRICULTURE

Rural Housing Service

Notice of Funds Availability for Section 514 Farm Labor Housing Loans and Section 516 Farm Labor Housing Grants for Off-Farm Housing for Fiscal Year (FY) 2012

AGENCY: Rural Housing Service, USDA.
ACTION: Notice; correction.
SUMMARY: The Rural Housing Services published a document in theFederal Registeron July 18, 2012, (77 FR 42258) concerning the availability of funds in the Agency's Farm Labor Housing Program. The document contained a deadline date of September 17, 2012, that the Agency is extending to October 31, 2012, and a funding restriction that is no longer applicable. The document also contained a documentation requirement concerning tax credits that the Agency is loosening and clarifying.
DATES: In the first column on page 42259, delete the following:

Once the Agency has committed 70 percent of the available FY 2012 program funds to new construction applications, no further funding will be available for new construction applications until after August 31, 2012. If funding is available after August 31, 2012, then new construction applications will be considered and compete for funding using this NOFA's scoring criteria without regard to the aforementioned funding limitations.

In the first column on page 42259, correct the two sentences before the first full paragraph to read:

If leveraged funds are in the form of tax credits, the applicant must include in its pre-application written evidence that a tax credit application has been submitted and accepted by the Housing Finance Agency (HFA), if such written evidence is available at the time of the pre-application. All applications that will receive leveraged funding must have firm commitments in place for all of the leveraged funding within 18 months of the issuance of a "Notice of Preapplication Review Action" (Handbook Letter 103 (3560)). Applicants without written evidence that a tax credit application has been submitted and accepted by the HFA must certify in writing they will apply for tax credits to the HFA within 18 months of the issuance of a "Notice of Preapplication Review Action." * * *

FOR FURTHER INFORMATION CONTACT: In the Notice, beginning on page 42258 in the issue of July 18, 2012 (77 FR 42258-65), make the following corrections:

In the second column of page 42258, correct theDATESsection to read:

Dated: September 17, 2012. Tammye Trevino, Administrator, Rural Housing Service.