| Page Range | 28674-28675 | |
| FR Document | 2017-13180 |
[Federal Register Volume 82, Number 120 (Friday, June 23, 2017)] [Notices] [Pages 28674-28675] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-13180] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-6036-N-01] Housing Trust Fund Federal Register; Allocation Notice AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice of Fiscal Year 2017 Funding Awards. ----------------------------------------------------------------------- SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) established the Housing Trust Fund (HTF) to be administered by HUD. Pursuant to the Federal Housing Enterprises Financial Security and Soundness Act of 1992 (the Act), as amended by HERA, Division A, eligible HTF grantees are the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the Commonwealth of Northern Mariana Islands, and the United States Virgin Islands. In accordance with Section 1338(c)(4)(A) of the Act, this notice announces the formula allocation amount for each eligible HTF grantee. FOR FURTHER INFORMATION CONTACT: Virginia Sardone, Director, Office of Affordable Housing Programs, Room 7164, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-7000; telephone (202) 708-2684. (This is not a toll-free number.) A telecommunications device for hearing- and speech-impaired persons (TTY) is available at 800-877-8339 (Federal Relay Service). SUPPLEMENTARY INFORMATION: Section 1131 of HERA Division A amended the Act to add a new section 1337 entitled ``Affordable Housing Allocations'' and a new section 1338 entitled ``Housing Trust Fund.'' HUD's implementing regulations are codified at 24 CFR part 93. Congress authorized the HTF with the stated purpose of: (1) Increasing and preserving the supply of rental housing for extremely low-income families with incomes between 0 and 30 percent of area median income and very low-income families with incomes between 30 and 50 percent of area median income, including homeless families, and (2) increasing homeownership for extremely low-income and very low-income families. Section 1337 of the Act provides for the HTF (and other programs) to be funded with an affordable housing set-aside by Fannie Mae and Freddie Mac. The total set-aside amount is equal to 4.2 basis points (.042 percent) of Fannie Mae and Freddie Mac's new mortgage purchases, a portion of which is for the HTF. Section 1338 of the Act directs HUD to establish, through regulation, the formula for distribution of amounts made available for the HTF. The statute specifies the factors to be used for the formula and priority for certain factors. The factors and methodology HUD uses to allocate HTF funds among eligible grantees are established in the HTF regulation. The funding announced for Fiscal Year 2017 through this notice is $219,168,373.94. This amount includes $12,702,747 of unobligated Fiscal Year 2016 HTF funds that will be reallocated by formula, which are comprised of $37,298 from American Samoa, Guam, and the Commonwealth of Northern Mariana Islands, three Insular Areas that declined their Fiscal Year 2016 allocations and $12,665,449 of Sequestered Fiscal Year 2016 funds. HUD may add any amounts that may become available to these FY 2017 HTF allocation amounts. Appendix A to this notice provides the names of the grantees and the amounts of the awards. [[Page 28675]] Dated: June 20, 2017. Clifford Taffet, General Deputy Assistant Secretary for Community Planning and Development. Appendix A: FY 2017 Housing Trust Fund Allocation Amounts ------------------------------------------------------------------------ Grantee FY 2017 Allocation ------------------------------------------------------------------------ Alabama........................................ $3,000,000 Alaska......................................... 3,000,000 Arizona........................................ 3,317,255 Arkansas....................................... 3,000,000 California..................................... 23,228,114.94 Colorado....................................... 3,154,331 Connecticut.................................... 3,000,000 Delaware....................................... 3,000,000 District of Columbia........................... 3,000,000 Florida........................................ 7,658,948 Georgia........................................ 4,427,950 Hawaii......................................... 3,000,000 Idaho.......................................... 3,000,000 Illinois....................................... 7,163,487 Indiana........................................ 3,367,317 Iowa........................................... 3,000,000 Kansas......................................... 3,000,000 Kentucky....................................... 3,000,000 Louisiana...................................... 3,000,000 Maine.......................................... 3,000,000 Maryland....................................... 3,071,109 Massachusetts.................................. 4,604,660 Michigan....................................... 4,851,072 Minnesota...................................... 3,118,428 Mississippi.................................... 3,000,000 Missouri....................................... 3,357,775 Montana........................................ 3,000,000 Nebraska....................................... 3,000,000 Nevada......................................... 3,000,000 New Hampshire.................................. 3,000,000 New Jersey..................................... 5,599,220 New Mexico..................................... 3,000,000 New York....................................... 14,790,240 North Carolina................................. 4,433,361 North Dakota................................... 3,000,000 Ohio........................................... 5,511,230 Oklahoma....................................... 3,000,000 Oregon......................................... 3,143,231 Pennsylvania................................... 5,863,425 Rhode Island................................... 3,000,000 South Carolina................................. 3,000,000- South Dakota................................... 3,000,000 Tennessee...................................... 3,160,279 Texas.......................................... 8,858,738 Utah........................................... 3,000,000 Vermont........................................ 3,000,000 Virginia....................................... 3,821,341 Washington..................................... 4,129,304 West Virginia.................................. 3,000,000 Wisconsin...................................... 3,481,414 Wyoming........................................ 3,000,000 American Samoa................................. 7,771 Guam........................................... 62,855 N. Mariana Islands............................. 34,603 Puerto Rico.................................... 883,160 Virgin Islands................................. 67,755 ------------------------ Total...................................... 219,168,373.94 ------------------------------------------------------------------------ [FR Doc. 2017-13180 Filed 6-22-17; 8:45 am] BILLING CODE 4210-67-P
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of Fiscal Year 2017 Funding Awards. | |
| Contact | Virginia Sardone, Director, Office of Affordable Housing Programs, Room 7164, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-7000; telephone (202) 708-2684. (This is not a toll-free number.) A telecommunications device for hearing- and speech-impaired persons (TTY) is available at 800-877-8339 (Federal Relay Service). | |
| FR Citation | 82 FR 28674 |