82_FR_60823 82 FR 60579 - Notice of Solicitation of Applications for Loan Guarantees Under the Section 538 Guaranteed Rural Rental Housing Program for Fiscal Year 2018

82 FR 60579 - Notice of Solicitation of Applications for Loan Guarantees Under the Section 538 Guaranteed Rural Rental Housing Program for Fiscal Year 2018

DEPARTMENT OF AGRICULTURE
Rural Housing Service

Federal Register Volume 82, Issue 244 (December 21, 2017)

Page Range60579-60584
FR Document2017-27527

The Rural Housing Service (RHS or Agency), an agency within Rural Development, announces that it is soliciting competitive lender submissions (responses) regarding proposed projects for the Section 538 Guaranteed Rural Rental Housing Program (GRRHP). The amount of program dollars available for the GRRHP will be determined by the Appropriations Act for each fiscal year that this Notice is open.

Federal Register, Volume 82 Issue 244 (Thursday, December 21, 2017)
[Federal Register Volume 82, Number 244 (Thursday, December 21, 2017)]
[Notices]
[Pages 60579-60584]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-27527]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Solicitation of Applications for Loan Guarantees Under 
the Section 538 Guaranteed Rural Rental Housing Program for Fiscal Year 
2018

AGENCY: Rural Housing Service, USDA.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Rural Housing Service (RHS or Agency), an agency within 
Rural Development, announces that it is soliciting competitive lender 
submissions (responses) regarding proposed projects for the Section 538 
Guaranteed Rural Rental Housing Program (GRRHP). The amount of program 
dollars available for the GRRHP will be determined by the 
Appropriations Act for each fiscal year that this Notice is open.

DATES: Eligible responses to this Notice will be accepted until 
December 31, 2021, 12:00 p.m. Eastern Time. Funding for selected 
responses that develop into complete applications and meet all Federal 
eligibility requirements will be based on the Appropriations Act for 
each individual fiscal year that this NOSA is open. Selected responses 
to this Notice that are deemed eligible for further processing after 
each fiscal year ends, will be funded to the extent an Appropriations 
Act provides sufficient funding in the fiscal year the response is 
selected. Approved applications are subject to the fee structure in 
effect when the response was selected for further processing. For 
example, a response that was selected under the 2016 NOSA will be 
subject to all fees stated in the 2016 NOSA.

ADDRESSES: Responses to this Notice may be submitted either 
electronically using the Section 538 electronic response form found at: 
http://www.rd.usda.gov/programs-services/multi-family-housing-loan-guarantees under the Forms and Resources tab or in hard copy to the 
appropriate Rural Development State Office where the project will be 
located. USDA Rural Development State Offices, their addresses, and 
telephone numbers may be found at: http://www.rd.usda.gov/contact-us/state-offices. Note: Telephone numbers listed are not toll-free. 
Applicants are strongly encouraged, but not required, to submit the 
response electronically.
    Eligible lenders mailing a response or application must provide 
sufficient time to permit delivery to the appropriate submission 
address below on or before the closing deadline and time. Acceptance by 
a U.S. Post Office or private mailer does not constitute delivery. 
Postage due responses and applications will not be accepted.

FOR FURTHER INFORMATION CONTACT: Monica Cole, Financial and Loan 
Analyst, U.S. Department of Agriculture Rural Development, Guaranteed 
Rural Rental Housing Program, Multi-Family Housing Guaranteed Loan 
Division, 1400 Independence Avenue SW, Room 1263S-STOP 0781, 
Washington, DC 20250-0781 or email: monica.cole@wdc.usda.gov. 
Telephone: (202) 720-1251. This number is not toll-free. Hearing or 
speech-impaired persons may access that number by calling the Federal 
Information Relay Service toll-free at (800) 877-8339.

SUPPLEMENTARY INFORMATION: The obligation of available funds, via the 
issuance of Conditional Commitments for loan guarantees, will be made 
in the following order: (1) To outstanding approved applications from 
prior years for which Conditional Commitments have not been issued; 
then (2) to applications approved under this Notice in the order by 
which the request for funding obligation is received by the USDA Rural 
Development National Office (National Office) from the State Offices. 
When funding is insufficient to serve all applications approved under 
this Notice, they will be funded according to the priority scoring set 
forth in Section V of this Notice.
    Expenses incurred in developing applications will be at the 
applicant's risk. The following paragraphs outline the timeframes, 
eligibility requirements, lender responsibilities, and the overall 
response and application processes.
    Any modifications to this Notice, including cancellation, will be 
published in the Federal Register.
    Eligible lenders are invited to submit responses for new 
construction and acquisition with rehabilitation of affordable rural 
rental housing. The Agency will review responses submitted by eligible 
lenders, on the lender's letterhead, and signed by both the prospective 
borrower and lender. Although a complete application is not required in 
response to this Notice, eligible lenders may submit a complete 
application concurrently with the response. Submitting a complete 
application will not have any effect on the respondent's response 
score.

Overview

    Federal Agency: Rural Housing Service.
    Solicitation Opportunity Title: Guaranteed Multi-Family Housing 
Loans.
    Announcement Type: Initial Solicitation Announcement.

[[Page 60580]]

    Catalog of Federal Domestic Assistance: 10.438.
    Dates: Response Deadline: December 31, 2021, 12:00 p.m. Eastern 
Time.

I. Funding Opportunity Description

    The GRRHP is authorized by Section 538 of the Housing Act of 1949, 
as amended (42 U.S.C. 1490p-2) and operates under 7 CFR part 3565. The 
purpose of the GRRHP is to increase the supply of affordable rural 
rental housing through the use of loan guarantees that encourage 
partnerships between the Agency, private lenders, and public agencies.
    Eligibility of Prior Year Selected Responses: Prior fiscal year 
response selections that did not develop into complete applications 
within the time constraints stipulated by the corresponding State 
Office have been cancelled. Lenders and applicants have been notified 
of the cancellation by the State Office. A new response for the project 
may be submitted subject to the conditions of this Notice.
    Prior years' responses that were selected by the Agency, with a 
complete application submitted by the lender within 90 days from the 
date of notification of response selection (unless an extension was 
granted by the Agency), will be eligible for review, approval and FY 
2018 program dollars without having to complete a FY 2018 response. A 
complete application includes all Federal environmental documents 
required by 7 CFR part 1970, subpart G, and a Form RD 3565-1, 
``Application for Loan and Guarantee''.
    If approved, applications that accompanied a response submitted 
under a prior year's notice (outstanding prior years approved 
applications) will be obligated in the order by which the Agency's 
National Office received the request for obligation from the State 
Offices, to the extent of available funding.
    Once the outstanding prior years approved applications have been 
funded, the Agency will fund applications approved pursuant to this 
Notice in the order by which the Agency's National Office received the 
request for obligation from the State Offices. If funding is 
insufficient to serve applications pursuant to this Notice, they will 
be funded according to the priority scoring set forth in Section V of 
this Notice.
    The obligation of program funds is discussed further in Section VI 
of this Notice.

II. Award Information

    Anyone interested in submitting a response and application for 
funding under this program is encouraged to consult the Rural 
Development website http://www.rd.usda.gov/programs-services/multi-family-housing-loan-guarantees periodically for updated information 
regarding the status of funding authorized for this program.
    Qualifying Properties: Qualifying properties include new 
construction for multi-family housing units and the acquisition of 
existing structures with a minimum per unit rehabilitation expenditure 
requirement in accordance with 7 CFR 3565.252. The Agency does not 
finance acquisition only deals.
    Also eligible is the revitalization, repair, and transfer (as 
stipulated in 7 CFR 3560.406) of existing direct Section 515 housing 
and Section 514/516 Farm Labor Housing (FLH) (transfer costs are 
subject to Agency approval and must be an eligible use of loan proceeds 
as listed in 7 CFR 3565.205), and properties involved in the Agency's 
Multifamily Preservation and Revitalization (MPR) Demonstration 
program. Equity payment, as stipulated in 7 CFR 3560.406, in the 
transfer of existing direct Section 515 and Section 514/516 FLH, is an 
eligible use of guaranteed loan proceeds. In order to be considered, 
the transfer of Section 515 and Section 514/516 FLH and MPR projects 
must need repairs and undergo revitalization of a minimum of $6,500 per 
unit.
    Eligible Financing Sources: Any form of Federal, State, and 
conventional sources of financing can be used in conjunction with the 
loan guarantee, including Home Investment Partnerships Program (HOME) 
grant funds, tax exempt bonds, and Low Income Housing Tax Credits 
(LIHTC).
    Types of Guarantees: The Agency offers three types of guarantees 
which are set forth at 7 CFR 3565.52(c). The Agency's liability under 
any guarantee will decrease or increase, in proportion to any decrease 
or increase in the amount of the unpaid portion of the loan, up to the 
maximum amount specified in the Loan Note Guarantee. Penalties incurred 
as a result of default are not covered by any of the program's 
guarantees. The Agency may provide a lesser guarantee based upon its 
evaluation of the credit quality of the loan.
    Energy Conservation: All new multi-family housing projects financed 
in whole or in part by USDA are encouraged to engage in sustainable 
building development that emphasizes energy-efficiency and 
conservation. In order to assist in the achievement of this goal, any 
GRRHP project that participates in one or all of the programs included 
in priority 7 under the ``Scoring of Priority Criteria for Selection of 
Projects'' section of this Notice may receive a maximum of 25 
additional points added to their project score. Participation in these 
nationwide initiatives is voluntary, but strongly encouraged.
    Interest Credit: There will be no interest credit.
    Program Fees: The following fees have been determined necessary to 
cover the projected cost of loan guarantees. These fees may be adjusted 
based on the 2018 Appropriation requirements and in future years to 
cover the projected costs of loan guarantees in those future years, or 
additional fees may be charged. The fees are as follows:
    1. Initial guarantee fee. The Agency will charge an initial 
guarantee fee equal to one percent of the guarantee principal amount. 
For purposes of calculating this fee, the guarantee amount is the 
product of the percentage of the guarantee times the initial principal 
amount of the guaranteed loan.
    2. Annual guarantee fee. An annual guarantee fee of 50 basis points 
(\1/2\ percent) of the outstanding principal amount of the loan as of 
December 31 will be charged each year or portion of a year that the 
guarantee is outstanding.
    3. As permitted under 7 CFR 3565.302(b)(5), there is a non-
refundable service fee of $1,500 for the review of a lender's first 
request to extend the term of a guarantee commitment beyond its 
original expiration (the request must be received by the Agency prior 
to the commitment's expiration). For any subsequent extension request, 
the fee will be $2,500.
    4. As permitted under 7 CFR 3565.302(b)(5), there is a non-
refundable service fee of $3,500 for the review of a lender's first 
request to reopen an application when a commitment has expired. For any 
subsequent extension request to reopen an application after the 
commitment has expired, the fee will be $3,500.
    5. As permitted under 7 CFR 3565.302(b)(4), there is a non-
refundable service fee of $1,500 in connection with a lender's request 
to approve the transfer of property or a change in composition of the 
ownership entity.
    6. There is no application fee.
    7. There is no lender application fee for lender approval.
    8. There is no surcharge for the guarantee of construction 
advances.

III. Lender Eligibility Information

    Eligible Lenders: An eligible lender for the Section 538 GRRHP as 
required by 7 CFR 3565.102 must be a licensed business entity or 
Housing Finance

[[Page 60581]]

Agency (HFA) in good standing in the State or States where it conducts 
business. Lender eligibility requirements are contained in 7 CFR 
3565.102. Please review that section for a complete list of all of the 
criteria. The Agency will only consider responses from GRRHP eligible 
or approved lenders as described in 7 CFR 3565.102 and 3565.103 
respectively.
    Lenders who do not have GRRHP approved lender status and whose 
responses are selected will be notified by the Agency to submit a 
request for GRRHP lender approval within 30 days of notification. 
Alternately, lenders may submit a request for GRRHP approved lender 
status with the response. Lenders who request GRRHP approval must meet 
the standards in 7 CFR 3565.103.
    Lenders that have received GRRHP lender approval that remain in 
good standing in accordance with 7 CFR 3565.105, do not need to reapply 
for GRRHP lender approval.
    Submission of Documentation for GRRHP Lender Approval: All lenders 
that have not yet received GRRHP lender approval must submit a complete 
lender application to: Director, Multi-Family Housing Guaranteed Loan 
Division, U.S. Department of Agriculture Rural Development, 1400 
Independence Avenue SW, Room 1263S-STOP 0781, Washington, DC 20250-
0781. Lender applications must be identified as ``Lender Application--
Section 538 Guaranteed Rural Rental Housing Program'' on the envelope.

IV. Response Submission Information

    Responses to this Notice may be submitted either electronically 
using the Section 538 electronic response form found at: http://www.rd.usda.gov/programs-services/multi-family-housing-loan-guarantees 
under the Forms and Resources tab or in hard copy to the appropriate 
Rural Development State Office where the project will be located. USDA 
Rural Development State Offices, their addresses, and telephone numbers 
may be found at: http://www.rd.usda.gov/contact-us/state-offices. Note: 
Telephone numbers listed are not toll-free. Lenders are strongly 
encouraged, but not required, to submit their responses electronically.
    The electronic form contains a button labeled ``Send Form.'' By 
clicking on the button, the applicant will see an email message window 
with an attachment that includes the electronic form the applicant 
filled out as a data file with an .fdf extension. In addition, an auto-
reply acknowledgement will be sent to the applicant when the electronic 
response form is received by the Agency unless the sender has software 
that will block the receipt of the auto-reply email. The State Office 
will record responses received electronically by the actual date and 
time when all attachments are received at the State Office.
    Submission of the response to this Notice does not constitute 
submission of the entire loan guarantee application package, which 
requires additional forms and supporting documentation.
    Content of Responses: All responses require lender information and 
project specific data as set out in this Notice. Incomplete responses 
will not be considered for funding. Lenders will be notified of 
incomplete responses no later than 30 calendar days from the date of 
receipt of the response by the Agency. Complete responses are to 
include a signed cover letter from the lender, on the lender's 
letterhead. The lender must provide the requested information 
concerning the project, to establish the purpose of the proposed 
project, its location, and how it meets the established priorities for 
funding. In the case of insufficient funding for applications approved 
under this Notice, the Agency will fund those applications by highest 
ranked responses based on priority criteria.
    (1) Lender Certification: The lender must certify that the lender 
will make a loan to the prospective borrower for the proposed project, 
under specified terms and conditions subject to the issuance of the 
GRRHP guarantee. Lender certification must be on the lender's 
letterhead and signed by both the lender and the prospective borrower.
    (2) Project Specific Data: The lender must submit the project 
specific data below on the lender's letterhead, signed by both the 
lender and the prospective borrower:

------------------------------------------------------------------------
                                             Information that must be
              Data element                           included
------------------------------------------------------------------------
Lender Name............................  Insert the lender's name.
Lender Tax ID #........................  Insert lender's tax ID number.
Lender Contact Name....................  Name of the lender contact for
                                          loan.
Mailing Address........................  Lender's complete mailing
                                          address.
Phone #................................  Phone number for lender
                                          contact.
Fax #..................................  Insert lender's fax number.
EMail Address..........................  Insert lender contact email
                                          address.
Borrower Name and Organization Type....  State whether borrower is a
                                          Limited Partnership,
                                          Corporation, Indian Tribe,
                                          etc.
Equal Opportunity Survey...............  Optional Completion.
Tax Classification Type................  State whether borrower is for
                                          profit, not for profit, etc.
Borrower Tax ID #......................  Insert borrower's tax ID
                                          number.
Borrower DUNS #........................  Insert DUNS number.
Borrower Address, including County.....  Borrower's complete address and
                                          county.
Borrower Phone #, Fax # and EMail        Insert borrower's phone number,
 Address.                                 fax number and email address.
Principal or Key Member for the          Insert name and title. List the
 Borrower.                                general partners if a limited
                                          partnership, officers if a
                                          corporation or members of a
                                          Limited Liability Corporation.
Borrower Information and Statement of    Attach relevant information.
 Housing Development Experience.
New Construction, Acquisition With       State whether the project is
 Rehabilitation.                          new construction or
                                          acquisition with
                                          rehabilitation.
Revitalization, Repair, and Transfer     Yes or No (Transfer costs,
 (as stipulated in 7 CFR 3560.406) of     including equity payments, are
 Existing Direct Section 515 and          subject to Agency approval and
 Section 514/516 FLH or MPR.              must be an eligible use of
                                          loan proceeds in 7 CFR
                                          3565.205).
Project Location Town or City..........  Town or city in which the
                                          project is located.
Project County.........................  County in which the project is
                                          located.
Project State..........................  State in which the project is
                                          located.
Project Zip Code.......................  Insert zip code where the
                                          project is located.
Project Congressional District.........  Congressional District for
                                          project location.

[[Page 60582]]

 
Project Name...........................  Insert project name.
Project Type...........................  Family, senior (all residents
                                          55 years or older), or mixed.
Property Description and Proposed        Provide as an attachment.
 Development Schedule.
Total Project Development Cost.........  Enter amount for total project.
# of Units.............................  Insert the number of units in
                                          the project.
Ratio of 3-5 Bedroom Units to Total      Insert percentage of 3-5
 Units.                                   bedroom units to total units.
Cost Per Unit..........................  Total development cost divided
                                          by number of units.
Rent...................................  Proposed rent structure.
Median Income for Community............  Provide median income for the
                                          community.
Evidence of Site Control...............  Attach relevant information.
Description of Any Environmental Issues  Attach relevant information.
Loan Amount............................  Insert the loan amount.
Borrower's Proposed Equity.............  Insert amount and source.
Low Income Housing Tax Credits.........  Have tax credits been awarded?
                                          If tax credits were awarded,
                                          submit a copy of the award/
                                          evidence of award with your
                                          response. If not, when do you
                                          anticipate an award will be
                                          made (announced)? What is the
                                          [estimated] value of the tax
                                          credits? Letters of
                                          application and commitment
                                          letters should be included, if
                                          available.
Other Sources of Funds.................  List all funding sources other
                                          than tax credits and amounts
                                          for each source, type, rates
                                          and terms of loans or grant
                                          funds.
Loan to Total Development Cost.........  Guaranteed loan divided by the
                                          total development costs of
                                          project.
Debt Coverage Ratio....................  Net Operating Income divided by
                                          debt service payments.
Percentage of Guarantee................  Percentage guarantee requested.
Collateral.............................  Attach relevant information.
Colonia, Tribal Lands, or State's        Colonia, on an Indian
 Consolidated Plan or State Needs         Reservation, or in a place
 Assessment.                              identified in the State's
                                          Consolidated Plan or State
                                          Needs Assessment as a high
                                          need community for multi-
                                          family housing.
Is the Property Located in a Federally   If yes, please provide
 Declared Disaster Area?.                 documentation (i.e.,
                                          Presidential Declaration
                                          document).
Population.............................  Provide the population of the
                                          county, city, or town where
                                          the project is or will be
                                          located.
What Type of Guarantee is Being          Enter the type of guarantee.
 Requested, Permanent Only (Option 1),
 Construction and Permanent (Option 2),
 or Continuous (Option 3).
Loan Term..............................  Minimum 25-year term. Maximum
                                          40-year term (includes
                                          construction period). May
                                          amortize up to 40 years.
                                          Balloon mortgages permitted
                                          after the 25th year.
Participation in Energy Efficient        Initial checklist indicating
 Programs.                                prerequisites to register for
                                          participation in a particular
                                          energy efficient program. All
                                          checklists must be accompanied
                                          by a signed affidavit by the
                                          project architect stating that
                                          the goals are achievable. If
                                          property management is
                                          certified for green property
                                          management, the certification
                                          must be provided.
------------------------------------------------------------------------

    (3) The Proposed Borrower Information:
    (a) Lender certification that the borrower and principals are not 
barred or suspended from participating in State or Federal loan 
programs and are not delinquent on any Federal debt.
    (b) Borrower's unaudited or audited financial statements.
    (c) Statement of borrower's housing development experience.
    (4) Lender Eligibility and Approval Status: Evidence that the 
lender is either an approved lender for the purposes of the GRRHP or 
that the lender is eligible to apply for approved lender status. The 
lender's application package requesting approved lender status can be 
submitted with the response. If a lender has not yet been approved by 
the Agency submits a response and receives a Notice to Proceed from the 
State Office, the lender approval application must be submitted to the 
National Office within 30 calendar days of the lender's receipt of the 
Notice to Proceed letter. The Agency will not issue a loan note 
guarantee until the lender is approved by the Agency.
    (5) Competitive Criteria: Information that shows how the proposal 
is responsive to the priority scoring criteria specified in this 
Notice.

V. Application Review Information

    Scoring of Priority Criteria for Selection: All responses received 
under this Notice will be scored based on the criteria set forth below 
to establish priority in the event there is insufficient funding. Per 7 
CFR 3565.5(b), priority will be given to projects: in smaller rural 
communities, in the most needy communities having the highest 
percentage of leveraging, having the lowest interest rate, or having 
the highest ratio of 3-5 bedroom units to total units. In addition, as 
permitted in 7 CFR 3565.5(b), in order to meet important program goals, 
priority points will be given for projects that include LIHTC funding 
and projects that are participating in specified energy efficient 
programs.
    The eight priority scoring criteria for projects are listed below.
    Priority 1--Projects located in eligible rural communities with the 
lowest populations will receive the highest points.

------------------------------------------------------------------------
                   Population size (people)                      Points
------------------------------------------------------------------------
0-5,000......................................................         30
5,001-10,000.................................................         15
10,001-15,000................................................         10
15,001-20,000................................................          5
20,001-35,000................................................          0
------------------------------------------------------------------------

    Priority 2--The neediest communities as determined by the median 
income from the most recent census data published by the United States 
Department of Housing and Urban Development, will receive points. The 
Agency will allocate points to projects located in communities having 
the lowest median income. Points for median income will be awarded as 
follows:

[[Page 60583]]



------------------------------------------------------------------------
                   Median income (dollars)                       Points
------------------------------------------------------------------------
Less than $45,000............................................         20
$45,000-less than $55,000....................................         15
$55,000-less than $65,000....................................         10
$65,000-less than $75,000....................................          5
$75,000 or more..............................................          0
------------------------------------------------------------------------

    Priority 3--Projects that demonstrate partnering and leveraging in 
order to develop the maximum number of units and promote partnerships 
with State and local communities will also receive points. Points will 
be awarded as follows:

------------------------------------------------------------------------
           Loan to total development cost ratio (%)              Points
------------------------------------------------------------------------
Less than 25.................................................         60
Less than 50 to 25...........................................         30
Less than 70 to 50...........................................         10
70 or more...................................................          0
------------------------------------------------------------------------

    Priority 4--Responses that include equity from low income housing 
tax credits will receive an additional 50 points.
    Priority 5--The USDA Rural Development will award points to 
projects with the highest ratio of 3-5 bedroom units to total units as 
follows:

------------------------------------------------------------------------
          Ratio of 3-5 bedroom units to total units              Points
------------------------------------------------------------------------
More than 50%................................................         10
21%-50%......................................................          5
Less than 21%-more than 0%...................................          1
------------------------------------------------------------------------

    Priority 6--Responses for the revitalization, repair, and transfer 
(as stipulated in 7 CFR 3560.406) of existing direct Section 515 and 
Section 514/516 FLH and properties involved in the Agency's MPR 
Demonstration program (transfer costs, including equity payments, are 
subject to Agency approval and must be an eligible use of loan proceeds 
listed in 7 CFR 3565.205) will receive an additional 10 points. If the 
transfer of existing Section 515 and Section 514/516 FLH properties 
includes equity payments, 0 points will be awarded.
    Priority 7--Energy Efficiency:
    (A) Projects that are energy-efficient and registered for 
participation in the following programs will receive points as 
indicated up to a maximum of 25 points. Each program has an initial 
checklist indicating prerequisites for participation. Each applicant 
must provide a checklist establishing that the prerequisites for each 
program's participation will be met. Additional points will be awarded 
for checklists that achieve higher levels of energy efficiency 
certification as set forth below. All checklists must be accompanied by 
a signed affidavit by the project architect stating that the goals are 
achievable. Points will be awarded for the listed programs as follows. 
Because Energy Star for Homes is a requirement within other programs 
such as LEED and Green Communities, points will only be awarded 
separately for Energy Star for Homes if it is the only program in which 
the project is enrolled, excluding local programs that do not require 
participation in Energy Star for Homes:
     Energy Star for Homes--5 points;
     Green Communities by the Enterprise Community Partners 
(www.enterprisefoundation.org)--10 points;
     LEED for Homes program by the U.S. Green Building Council 
(www.usgbc.org)--Certified (10 points), Silver (12 points), Gold (15 
points), or Platinum (25 points);
     Home Innovation's National Green Building 
StandardTM certification program (www.homeinnovation.com/green)--Bronze (10 points), Silver (12 points), Gold (15 points), or 
Emerald (25 points); or
     A State or local green building program--2 points.
    (B) Projects that will be managed by a property management company 
that are certified green property management companies will receive 5 
points. Applicants must provide proof of certification. Certification 
may be achieved through one of the following programs:
     National Apartment Association, Credential for Green 
Property Management; www.naahq.org/EDUCATION/DESIGNATIONPROGRAMS/OTHER/Pages/default.aspx;
     National Affordable Housing Management Association, 
Credential for Green Property Management; www.nahma.org/content/greencred.html; or
     U.S. Green Building Council, Green Building Certification 
Institute LEED AP (any discipline) or LEED Green Associate; 
www.gbci.org.
    (C) Energy Generation (maximum 5 points). Responses for new 
construction or purchase and rehabilitation of non-program multi-family 
projects which participate in the Energy Star for Homes V3 Program, 
Green Communities, LEED for Homes, or Home Innovation's National Green 
Building StandardTM are eligible to earn additional points 
for installation of on-site renewable energy sources. In order to 
receive more than 1 point for this energy generation section, an 
accurate energy analysis prepared by an engineer will need to be 
submitted with the response. Energy analysis of preliminary building 
plans using industry-recognized simulation software must document the 
projected total energy consumption of the building, the portion of the 
building consumption which will be satisfied through on-site generation 
and the building's Home Energy Rating System (HERS) score.
    Projects with an energy analysis of the preliminary or 
rehabilitation building plans that propose a 10 percent to 100 percent 
energy generation commitment (where generation is considered to be the 
total amount of energy needed to be generated on-site to make the 
building a net-zero consumer of energy) will be awarded points as 
follows:
    (a) 0 to 9 percent commitment to energy generation receives 0 
points;
    (b) 10 to 29 percent commitment to energy generation receives 1 
point;
    (c) 30 to 49 percent commitment to energy generation receives 2 
points;
    (d) 50 to 69 percent commitment to energy generation receives 3 
points;
    (e) 70 to 89 percent commitment to energy generation receives 4 
points;
    (f) 90 percent or more commitment to energy generation receives 5 
points.
    Priority 8--Promise Zones/Persistent Poverty Areas:
    Additional 10 points will be awarded to projects located in Promise 
Zones and/or Persistent Poverty Counties. A county is considered 
persistently poor if 20 percent or more of its population was living in 
poverty over the last 30 years (measured by the 1990, 2000, and 2010 
decennial censuses and 2007-2011 American Community Survey 5-year 
estimates), as determined by the Agency.
    Notifications: Responses will be reviewed for completeness and 
eligibility. The Agency will notify those lenders whose responses are 
selected via a ``Notice to Proceed with Application Processing'' 
letter. The Agency will request lenders without GRRHP lender approval 
to apply for GRRHP lender approval within 30 days upon receipt of 
notification of selection.
    Lenders will also be invited to submit a complete application to 
the USDA Rural Development State Office where the project is located.
    Submission of GRRHP Applications: The Agency will issue a ``Notice 
to Proceed with Application Processing'' (Notice to Proceed) to lenders 
whose responses have been selected. The Notice to Proceed instruct 
lenders to contact the USDA Rural Development State Office immediately 
following notification of selection to schedule required Agency 
reviews.
    USDA Rural Development State Office staff will work with lenders in 
the

[[Page 60584]]

development of an application package. The deadline for the submission 
of a complete application is 90 calendar days from the date of 
notification of response selection. If the application is not received 
by the appropriate State Office within 90 calendar days from the date 
of notification, the selection is subject to cancellation, thereby 
allowing another response that is ready to proceed with processing to 
be selected. The Agency may extend this 90 day deadline for receipt of 
an application at its own discretion.

VI. Award Administration Information

    Obligation of Program Funds: The Agency will only obligate funds to 
projects that meet the requirements under 7 CFR part 3565 and this 
Notice, including having undergone a satisfactory environmental review 
in accordance with the National Environmental Protection Act (NEPA) and 
completed Form RD 3565-1, ``Application for Loan and Guarantee''.
    The Agency will select the responses that meet eligibility criteria 
and invite lenders, via a Notice to Proceed, to submit complete 
applications to the Agency, as well as a request for GRRHP approved 
lender status if necessary. Once a complete application is received and 
approved (and any request for GRRHP approved lender status is granted), 
the Agency's State Office will submit a request to obligate funds to 
the Agency's National Office. Obligation requests submitted to the 
National Office will be accumulated and placed in a queue for funding 
based on the order by which the obligation request was received by the 
National Office. In the event that multiple obligation requests are 
received at the same time, first priority will be given to the request 
for the project that has the highest percentage of leveraging (lowest 
Loan to Cost). If there is still a tie, priority will be given to the 
project in the smaller rural community.
    In the event there is insufficient funding for applications 
approved under this Notice, the Agency will fund applications based on 
priority score ranking described in Section V.
    Conditional Commitment: Once the required documents for obligation 
are received and all applicable requirements have been met, including 
NEPA requirements, and to the extent funding is available, the USDA 
Rural Development State Office will issue a Conditional Commitment. The 
Conditional Commitment will stipulate the conditions that must be 
fulfilled before the issuance of a guarantee, in accordance with 7 CFR 
3565.303.
    Issuance of Guarantee: The USDA Rural Development State Office will 
issue a guarantee to the lender for a project in accordance with 7 CFR 
3565.303. No guarantee can be issued without a complete application, 
review of appropriate certifications, satisfactory assessment of the 
appropriate level of environmental review, and the completion of any 
conditional requirements.
    Tracking of Average Rents: After the loan closes, the lender will 
track the initial affordable rent at each property funded under this 
Notice and the average market rent in the area. The difference between 
these two rents will provide the lender with a measure of the impact 
the GRRHP has on affordable rents.

Non-Discrimination Statement

    In accordance with Federal civil rights law and U.S. Department of 
Agriculture (USDA) civil rights regulations and policies, the USDA, its 
Agencies, offices, employees, and institutions participating in or 
administering USDA programs are prohibited from discriminating based on 
race, color, national origin, religion, sex, gender identity (including 
gender expression), sexual orientation, disability, age, marital 
status, familial/parental status, income derived from a public 
assistance program, political beliefs, or reprisal or retaliation for 
prior civil rights activity, in any program or activity conducted or 
funded by USDA (not all bases apply to all programs). Remedies and 
complaint filing deadlines vary by program or incident.
    Persons with disabilities who require alternative means of 
communication for program information (e.g., Braille, large print, 
audiotape, American Sign Language, etc.) should contact the responsible 
Agency or USDA's TARGET Center at (202) 720-2600 (voice and TTY) or 
contact USDA through the Federal Relay Service at (800) 877-8339. 
Additionally, program information may be made available in languages 
other than English.
    To file a program discrimination complaint, complete the USDA 
Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or 
write a letter addressed to USDA and provide in the letter all of the 
information requested in the form. To request a copy of the complaint 
form, call (866) 632-9992, submit your completed form or letter to USDA 
by:
    Mail: U.S. Department of Agriculture, Director, Office of 
Adjudication, 1400 Independence Avenue SW, Washington, DC 20250-9410;
    Fax: (202) 690-7442; or
    Email: program.intake@usda.gov.
    USDA is an equal opportunity provider, employer, and lender.

    Dated: December 14, 2017.
Richard A. Davis,
Acting Administrator, Rural Housing Service.
[FR Doc. 2017-27527 Filed 12-20-17; 8:45 am]
 BILLING CODE 3410-XV-P



                                                                         Federal Register / Vol. 82, No. 244 / Thursday, December 21, 2017 / Notices                                          60579

                                               objection. The Forest Service will                      DEPARTMENT OF AGRICULTURE                             private mailer does not constitute
                                               communicate to all parties to an                                                                              delivery. Postage due responses and
                                               objection through the lead objector.                    Rural Housing Service                                 applications will not be accepted.
                                               Verification of the identity of the lead                                                                      FOR FURTHER INFORMATION CONTACT:
                                                                                                       Notice of Solicitation of Applications                Monica Cole, Financial and Loan
                                               objector must also be provided if
                                                                                                       for Loan Guarantees Under the Section                 Analyst, U.S. Department of Agriculture
                                               requested;
                                                                                                       538 Guaranteed Rural Rental Housing                   Rural Development, Guaranteed Rural
                                                  (4) The name of the forest plan                      Program for Fiscal Year 2018                          Rental Housing Program, Multi-Family
                                               amendment being objected to, and the
                                                                                                       AGENCY:   Rural Housing Service, USDA.                Housing Guaranteed Loan Division,
                                               name and title of the Responsible                                                                             1400 Independence Avenue SW, Room
                                               Official;                                               ACTION:   Notice.
                                                                                                                                                             1263S–STOP 0781, Washington, DC
                                                  (5) A statement of the issues and/or                 SUMMARY:    The Rural Housing Service                 20250–0781 or email: monica.cole@
                                               parts of the forest plan amendment to                   (RHS or Agency), an agency within                     wdc.usda.gov. Telephone: (202) 720–
                                               which the objection applies;                            Rural Development, announces that it is               1251. This number is not toll-free.
                                                  (6) A concise statement explaining the               soliciting competitive lender                         Hearing or speech-impaired persons
                                               objection and suggesting how the                        submissions (responses) regarding                     may access that number by calling the
                                                                                                       proposed projects for the Section 538                 Federal Information Relay Service toll-
                                               proposed plan decision may be
                                                                                                       Guaranteed Rural Rental Housing                       free at (800) 877–8339.
                                               improved. If the objector believes that
                                                                                                       Program (GRRHP). The amount of                        SUPPLEMENTARY INFORMATION: The
                                               the forest plan amendment is
                                                                                                       program dollars available for the GRRHP               obligation of available funds, via the
                                               inconsistent with law, regulation, or                   will be determined by the                             issuance of Conditional Commitments
                                               policy, an explanation should be                        Appropriations Act for each fiscal year               for loan guarantees, will be made in the
                                               included;                                               that this Notice is open.                             following order: (1) To outstanding
                                                  (7) A statement that demonstrates the                DATES: Eligible responses to this Notice              approved applications from prior years
                                               link between the objector’s prior                       will be accepted until December 31,                   for which Conditional Commitments
                                               substantive formal comments and the                     2021, 12:00 p.m. Eastern Time. Funding                have not been issued; then (2) to
                                               content of the objection, unless the                    for selected responses that develop into              applications approved under this Notice
                                               objection concerns an issue that arose                  complete applications and meet all                    in the order by which the request for
                                               after the opportunities for formal                      Federal eligibility requirements will be              funding obligation is received by the
                                               comment; and                                            based on the Appropriations Act for                   USDA Rural Development National
                                                                                                       each individual fiscal year that this                 Office (National Office) from the State
                                                  (8) All documents referenced in the                                                                        Offices. When funding is insufficient to
                                               objection (a bibliography is not                        NOSA is open. Selected responses to
                                                                                                       this Notice that are deemed eligible for              serve all applications approved under
                                               sufficient), except that the following                                                                        this Notice, they will be funded
                                                                                                       further processing after each fiscal year
                                               need not be provided:                                                                                         according to the priority scoring set
                                                                                                       ends, will be funded to the extent an
                                                  a. All or any part of a Federal law or               Appropriations Act provides sufficient                forth in Section V of this Notice.
                                               regulation,                                             funding in the fiscal year the response                  Expenses incurred in developing
                                                                                                       is selected. Approved applications are                applications will be at the applicant’s
                                                  b. Forest Service Directive System
                                                                                                       subject to the fee structure in effect                risk. The following paragraphs outline
                                               documents and land management plans                                                                           the timeframes, eligibility requirements,
                                               or other published Forest Service                       when the response was selected for
                                                                                                       further processing. For example, a                    lender responsibilities, and the overall
                                               documents,                                                                                                    response and application processes.
                                                                                                       response that was selected under the
                                                  c. Documents referenced by the Forest                2016 NOSA will be subject to all fees                    Any modifications to this Notice,
                                               Service in the planning documentation                   stated in the 2016 NOSA.                              including cancellation, will be
                                               related to the proposal subject to                                                                            published in the Federal Register.
                                                                                                       ADDRESSES: Responses to this Notice                      Eligible lenders are invited to submit
                                               objection, and                                          may be submitted either electronically                responses for new construction and
                                                  d. Formal comments previously                        using the Section 538 electronic                      acquisition with rehabilitation of
                                               provided to the Forest Service by the                   response form found at: http://                       affordable rural rental housing. The
                                               objector during the plan amendment                      www.rd.usda.gov/programs-services/                    Agency will review responses submitted
                                               comment period.                                         multi-family-housing-loan-guarantees                  by eligible lenders, on the lender’s
                                                                                                       under the Forms and Resources tab or                  letterhead, and signed by both the
                                               Responsible Official                                    in hard copy to the appropriate Rural                 prospective borrower and lender.
                                                 The responsible official for the Santa                Development State Office where the                    Although a complete application is not
                                               Fe’s Forest Plan Amendment for                          project will be located. USDA Rural                   required in response to this Notice,
                                               Invasive Plant Control on Santa Fe                      Development State Offices, their                      eligible lenders may submit a complete
                                                                                                       addresses, and telephone numbers may                  application concurrently with the
                                               National Forest is James Melonas, Forest
                                                                                                       be found at: http://www.rd.usda.gov/                  response. Submitting a complete
                                               Supervisor, Santa Fe National Forest, 11
                                                                                                       contact-us/state-offices. Note:                       application will not have any effect on
                                               Forest Lane, Santa Fe, NM 87508.                        Telephone numbers listed are not toll-                the respondent’s response score.
                                                 Dated: November 7, 2017.                              free. Applicants are strongly
                                               Glenn P. Casamassa,                                     encouraged, but not required, to submit               Overview
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                                               Acting Associate Deputy Chief, National                 the response electronically.                            Federal Agency: Rural Housing
                                               Forest System.                                             Eligible lenders mailing a response or             Service.
                                               [FR Doc. 2017–27490 Filed 12–20–17; 8:45 am]
                                                                                                       application must provide sufficient time                Solicitation Opportunity Title:
                                                                                                       to permit delivery to the appropriate                 Guaranteed Multi-Family Housing
                                               BILLING CODE 3411–15–P
                                                                                                       submission address below on or before                 Loans.
                                                                                                       the closing deadline and time.                          Announcement Type: Initial
                                                                                                       Acceptance by a U.S. Post Office or                   Solicitation Announcement.


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                                               60580                     Federal Register / Vol. 82, No. 244 / Thursday, December 21, 2017 / Notices

                                                 Catalog of Federal Domestic                           under this program is encouraged to                   ‘‘Scoring of Priority Criteria for
                                               Assistance: 10.438.                                     consult the Rural Development website                 Selection of Projects’’ section of this
                                                 Dates: Response Deadline: December                    http://www.rd.usda.gov/programs-                      Notice may receive a maximum of 25
                                               31, 2021, 12:00 p.m. Eastern Time.                      services/multi-family-housing-loan-                   additional points added to their project
                                                                                                       guarantees periodically for updated                   score. Participation in these nationwide
                                               I. Funding Opportunity Description
                                                                                                       information regarding the status of                   initiatives is voluntary, but strongly
                                                  The GRRHP is authorized by Section                   funding authorized for this program.                  encouraged.
                                               538 of the Housing Act of 1949, as                        Qualifying Properties: Qualifying                      Interest Credit: There will be no
                                               amended (42 U.S.C. 1490p–2) and                         properties include new construction for               interest credit.
                                               operates under 7 CFR part 3565. The                     multi-family housing units and the                       Program Fees: The following fees
                                               purpose of the GRRHP is to increase the                 acquisition of existing structures with a             have been determined necessary to
                                               supply of affordable rural rental housing               minimum per unit rehabilitation                       cover the projected cost of loan
                                               through the use of loan guarantees that                 expenditure requirement in accordance                 guarantees. These fees may be adjusted
                                               encourage partnerships between the                      with 7 CFR 3565.252. The Agency does                  based on the 2018 Appropriation
                                               Agency, private lenders, and public                     not finance acquisition only deals.                   requirements and in future years to
                                               agencies.                                                 Also eligible is the revitalization,                cover the projected costs of loan
                                                  Eligibility of Prior Year Selected                   repair, and transfer (as stipulated in 7              guarantees in those future years, or
                                               Responses: Prior fiscal year response                   CFR 3560.406) of existing direct Section              additional fees may be charged. The fees
                                               selections that did not develop into                    515 housing and Section 514/516 Farm                  are as follows:
                                               complete applications within the time                   Labor Housing (FLH) (transfer costs are                  1. Initial guarantee fee. The Agency
                                               constraints stipulated by the                           subject to Agency approval and must be                will charge an initial guarantee fee equal
                                               corresponding State Office have been                    an eligible use of loan proceeds as listed            to one percent of the guarantee principal
                                               cancelled. Lenders and applicants have                  in 7 CFR 3565.205), and properties                    amount. For purposes of calculating this
                                               been notified of the cancellation by the                involved in the Agency’s Multifamily                  fee, the guarantee amount is the product
                                               State Office. A new response for the                    Preservation and Revitalization (MPR)                 of the percentage of the guarantee times
                                               project may be submitted subject to the                 Demonstration program. Equity                         the initial principal amount of the
                                               conditions of this Notice.                              payment, as stipulated in 7 CFR                       guaranteed loan.
                                                  Prior years’ responses that were                     3560.406, in the transfer of existing                    2. Annual guarantee fee. An annual
                                               selected by the Agency, with a complete                 direct Section 515 and Section 514/516                guarantee fee of 50 basis points (1⁄2
                                               application submitted by the lender                     FLH, is an eligible use of guaranteed                 percent) of the outstanding principal
                                               within 90 days from the date of                         loan proceeds. In order to be                         amount of the loan as of December 31
                                               notification of response selection                      considered, the transfer of Section 515               will be charged each year or portion of
                                               (unless an extension was granted by the                 and Section 514/516 FLH and MPR                       a year that the guarantee is outstanding.
                                               Agency), will be eligible for review,                   projects must need repairs and undergo                   3. As permitted under 7 CFR
                                               approval and FY 2018 program dollars                    revitalization of a minimum of $6,500                 3565.302(b)(5), there is a non-refundable
                                               without having to complete a FY 2018                    per unit.                                             service fee of $1,500 for the review of
                                               response. A complete application                          Eligible Financing Sources: Any form                a lender’s first request to extend the
                                               includes all Federal environmental                      of Federal, State, and conventional                   term of a guarantee commitment beyond
                                               documents required by 7 CFR part 1970,                  sources of financing can be used in                   its original expiration (the request must
                                               subpart G, and a Form RD 3565–1,                        conjunction with the loan guarantee,                  be received by the Agency prior to the
                                               ‘‘Application for Loan and Guarantee’’.                 including Home Investment                             commitment’s expiration). For any
                                                  If approved, applications that                       Partnerships Program (HOME) grant                     subsequent extension request, the fee
                                               accompanied a response submitted                        funds, tax exempt bonds, and Low                      will be $2,500.
                                               under a prior year’s notice (outstanding                Income Housing Tax Credits (LIHTC).                      4. As permitted under 7 CFR
                                               prior years approved applications) will                   Types of Guarantees: The Agency                     3565.302(b)(5), there is a non-refundable
                                               be obligated in the order by which the                  offers three types of guarantees which                service fee of $3,500 for the review of
                                               Agency’s National Office received the                   are set forth at 7 CFR 3565.52(c). The                a lender’s first request to reopen an
                                               request for obligation from the State                   Agency’s liability under any guarantee                application when a commitment has
                                               Offices, to the extent of available                     will decrease or increase, in proportion              expired. For any subsequent extension
                                               funding.                                                to any decrease or increase in the                    request to reopen an application after
                                                  Once the outstanding prior years                     amount of the unpaid portion of the                   the commitment has expired, the fee
                                               approved applications have been                         loan, up to the maximum amount                        will be $3,500.
                                               funded, the Agency will fund                            specified in the Loan Note Guarantee.                    5. As permitted under 7 CFR
                                               applications approved pursuant to this                  Penalties incurred as a result of default             3565.302(b)(4), there is a non-refundable
                                               Notice in the order by which the                        are not covered by any of the program’s               service fee of $1,500 in connection with
                                               Agency’s National Office received the                   guarantees. The Agency may provide a                  a lender’s request to approve the
                                               request for obligation from the State                   lesser guarantee based upon its                       transfer of property or a change in
                                               Offices. If funding is insufficient to                  evaluation of the credit quality of the               composition of the ownership entity.
                                               serve applications pursuant to this                     loan.                                                    6. There is no application fee.
                                               Notice, they will be funded according to                  Energy Conservation: All new multi-                    7. There is no lender application fee
                                               the priority scoring set forth in Section               family housing projects financed in                   for lender approval.
                                               V of this Notice.                                       whole or in part by USDA are                             8. There is no surcharge for the
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                                                  The obligation of program funds is                   encouraged to engage in sustainable                   guarantee of construction advances.
                                               discussed further in Section VI of this                 building development that emphasizes
                                                                                                       energy-efficiency and conservation. In                III. Lender Eligibility Information
                                               Notice.
                                                                                                       order to assist in the achievement of this               Eligible Lenders: An eligible lender
                                               II. Award Information                                   goal, any GRRHP project that                          for the Section 538 GRRHP as required
                                                  Anyone interested in submitting a                    participates in one or all of the programs            by 7 CFR 3565.102 must be a licensed
                                               response and application for funding                    included in priority 7 under the                      business entity or Housing Finance


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                                                                                   Federal Register / Vol. 82, No. 244 / Thursday, December 21, 2017 / Notices                                                                    60581

                                               Agency (HFA) in good standing in the                                        IV. Response Submission Information                            package, which requires additional
                                               State or States where it conducts                                              Responses to this Notice may be                             forms and supporting documentation.
                                               business. Lender eligibility                                                submitted either electronically using the                         Content of Responses: All responses
                                               requirements are contained in 7 CFR                                         Section 538 electronic response form                           require lender information and project
                                               3565.102. Please review that section for                                    found at: http://www.rd.usda.gov/                              specific data as set out in this Notice.
                                               a complete list of all of the criteria. The                                                                                                Incomplete responses will not be
                                                                                                                           programs-services/multi-family-
                                               Agency will only consider responses
                                                                                                                           housing-loan-guarantees under the                              considered for funding. Lenders will be
                                               from GRRHP eligible or approved
                                                                                                                           Forms and Resources tab or in hard                             notified of incomplete responses no
                                               lenders as described in 7 CFR 3565.102
                                                                                                                           copy to the appropriate Rural                                  later than 30 calendar days from the
                                               and 3565.103 respectively.
                                                  Lenders who do not have GRRHP                                            Development State Office where the                             date of receipt of the response by the
                                               approved lender status and whose                                            project will be located. USDA Rural                            Agency. Complete responses are to
                                               responses are selected will be notified                                     Development State Offices, their                               include a signed cover letter from the
                                               by the Agency to submit a request for                                       addresses, and telephone numbers may                           lender, on the lender’s letterhead. The
                                               GRRHP lender approval within 30 days                                        be found at: http://www.rd.usda.gov/                           lender must provide the requested
                                               of notification. Alternately, lenders may                                   contact-us/state-offices. Note:                                information concerning the project, to
                                               submit a request for GRRHP approved                                         Telephone numbers listed are not toll-                         establish the purpose of the proposed
                                               lender status with the response. Lenders                                    free. Lenders are strongly encouraged,                         project, its location, and how it meets
                                               who request GRRHP approval must                                             but not required, to submit their                              the established priorities for funding. In
                                               meet the standards in 7 CFR 3565.103.                                       responses electronically.                                      the case of insufficient funding for
                                                  Lenders that have received GRRHP                                            The electronic form contains a button                       applications approved under this
                                               lender approval that remain in good                                         labeled ‘‘Send Form.’’ By clicking on the                      Notice, the Agency will fund those
                                               standing in accordance with 7 CFR                                           button, the applicant will see an email                        applications by highest ranked
                                               3565.105, do not need to reapply for                                        message window with an attachment                              responses based on priority criteria.
                                               GRRHP lender approval.                                                      that includes the electronic form the
                                                                                                                           applicant filled out as a data file with                          (1) Lender Certification: The lender
                                                  Submission of Documentation for
                                                                                                                           an .fdf extension. In addition, an auto-                       must certify that the lender will make a
                                               GRRHP Lender Approval: All lenders
                                                                                                                           reply acknowledgement will be sent to                          loan to the prospective borrower for the
                                               that have not yet received GRRHP
                                                                                                                           the applicant when the electronic                              proposed project, under specified terms
                                               lender approval must submit a complete
                                                                                                                           response form is received by the Agency                        and conditions subject to the issuance of
                                               lender application to: Director, Multi-
                                                                                                                           unless the sender has software that will                       the GRRHP guarantee. Lender
                                               Family Housing Guaranteed Loan
                                               Division, U.S. Department of                                                block the receipt of the auto-reply email.                     certification must be on the lender’s
                                               Agriculture Rural Development, 1400                                         The State Office will record responses                         letterhead and signed by both the lender
                                               Independence Avenue SW, Room                                                received electronically by the actual                          and the prospective borrower.
                                               1263S–STOP 0781, Washington, DC                                             date and time when all attachments are                            (2) Project Specific Data: The lender
                                               20250–0781. Lender applications must                                        received at the State Office.                                  must submit the project specific data
                                               be identified as ‘‘Lender Application—                                         Submission of the response to this                          below on the lender’s letterhead, signed
                                               Section 538 Guaranteed Rural Rental                                         Notice does not constitute submission of                       by both the lender and the prospective
                                               Housing Program’’ on the envelope.                                          the entire loan guarantee application                          borrower:

                                                                                            Data element                                                                             Information that must be included

                                               Lender Name ............................................................................................          Insert the lender’s name.
                                               Lender Tax ID # .......................................................................................           Insert lender’s tax ID number.
                                               Lender Contact Name ..............................................................................                Name of the lender contact for loan.
                                               Mailing Address ........................................................................................          Lender’s complete mailing address.
                                               Phone # ....................................................................................................      Phone number for lender contact.
                                               Fax # .........................................................................................................   Insert lender’s fax number.
                                               EMail Address ..........................................................................................          Insert lender contact email address.
                                               Borrower Name and Organization Type ..................................................                            State whether borrower is a Limited Partnership, Corporation, Indian
                                                                                                                                                                   Tribe, etc.
                                               Equal Opportunity Survey ........................................................................                 Optional Completion.
                                               Tax Classification Type ............................................................................              State whether borrower is for profit, not for profit, etc.
                                               Borrower Tax ID # ....................................................................................            Insert borrower’s tax ID number.
                                               Borrower DUNS # .....................................................................................             Insert DUNS number.
                                               Borrower Address, including County ........................................................                       Borrower’s complete address and county.
                                               Borrower Phone #, Fax # and EMail Address .........................................                               Insert borrower’s phone number, fax number and email address.
                                               Principal or Key Member for the Borrower ..............................................                           Insert name and title. List the general partners if a limited partnership,
                                                                                                                                                                   officers if a corporation or members of a Limited Liability Corpora-
                                                                                                                                                                   tion.
                                               Borrower Information and Statement of Housing Development Experi-                                                 Attach relevant information.
                                                 ence.
                                               New Construction, Acquisition With Rehabilitation ..................................                              State whether the project is new construction or acquisition with reha-
                                                                                                                                                                   bilitation.
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                                               Revitalization, Repair, and Transfer (as stipulated in 7 CFR 3560.406)                                            Yes or No (Transfer costs, including equity payments, are subject to
                                                 of Existing Direct Section 515 and Section 514/516 FLH or MPR.                                                    Agency approval and must be an eligible use of loan proceeds in 7
                                                                                                                                                                   CFR 3565.205).
                                               Project    Location Town or City ..................................................................               Town or city in which the project is located.
                                               Project    County ..........................................................................................      County in which the project is located.
                                               Project    State .............................................................................................    State in which the project is located.
                                               Project    Zip Code .......................................................................................       Insert zip code where the project is located.
                                               Project    Congressional District ..................................................................              Congressional District for project location.



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                                               60582                               Federal Register / Vol. 82, No. 244 / Thursday, December 21, 2017 / Notices

                                                                                            Data element                                                                             Information that must be included

                                               Project Name ............................................................................................         Insert project name.
                                               Project Type .............................................................................................        Family, senior (all residents 55 years or older), or mixed.
                                               Property Description and Proposed Development Schedule ...................                                        Provide as an attachment.
                                               Total Project Development Cost ..............................................................                     Enter amount for total project.
                                               # of Units ..................................................................................................     Insert the number of units in the project.
                                               Ratio of 3–5 Bedroom Units to Total Units ..............................................                          Insert percentage of 3–5 bedroom units to total units.
                                               Cost Per Unit ............................................................................................        Total development cost divided by number of units.
                                               Rent ..........................................................................................................   Proposed rent structure.
                                               Median Income for Community ................................................................                      Provide median income for the community.
                                               Evidence of Site Control ...........................................................................              Attach relevant information.
                                               Description of Any Environmental Issues ................................................                          Attach relevant information.
                                               Loan Amount ............................................................................................          Insert the loan amount.
                                               Borrower’s Proposed Equity .....................................................................                  Insert amount and source.
                                               Low Income Housing Tax Credits ............................................................                       Have tax credits been awarded? If tax credits were awarded, submit a
                                                                                                                                                                    copy of the award/evidence of award with your response. If not,
                                                                                                                                                                    when do you anticipate an award will be made (announced)? What
                                                                                                                                                                    is the [estimated] value of the tax credits? Letters of application and
                                                                                                                                                                    commitment letters should be included, if available.
                                               Other Sources of Funds ...........................................................................                List all funding sources other than tax credits and amounts for each
                                                                                                                                                                    source, type, rates and terms of loans or grant funds.
                                               Loan to Total Development Cost .............................................................                      Guaranteed loan divided by the total development costs of project.
                                               Debt Coverage Ratio ................................................................................              Net Operating Income divided by debt service payments.
                                               Percentage of Guarantee .........................................................................                 Percentage guarantee requested.
                                               Collateral ...................................................................................................    Attach relevant information.
                                               Colonia, Tribal Lands, or State’s Consolidated Plan or State Needs As-                                            Colonia, on an Indian Reservation, or in a place identified in the State’s
                                                 sessment.                                                                                                          Consolidated Plan or State Needs Assessment as a high need com-
                                                                                                                                                                    munity for multi-family housing.
                                               Is the Property Located in a Federally Declared Disaster Area? ............                                       If yes, please provide documentation (i.e., Presidential Declaration doc-
                                                                                                                                                                    ument).
                                               Population .................................................................................................      Provide the population of the county, city, or town where the project is
                                                                                                                                                                    or will be located.
                                               What Type of Guarantee is Being Requested, Permanent Only (Option                                                 Enter the type of guarantee.
                                                 1), Construction and Permanent (Option 2), or Continuous (Option 3).
                                               Loan Term ................................................................................................ Minimum 25-year term. Maximum 40-year term (includes construction
                                                                                                                                                            period). May amortize up to 40 years. Balloon mortgages permitted
                                                                                                                                                            after the 25th year.
                                               Participation in Energy Efficient Programs ............................................... Initial checklist indicating prerequisites to register for participation in a
                                                                                                                                                            particular energy efficient program. All checklists must be accom-
                                                                                                                                                            panied by a signed affidavit by the project architect stating that the
                                                                                                                                                            goals are achievable. If property management is certified for green
                                                                                                                                                            property management, the certification must be provided.



                                                  (3) The Proposed Borrower                                                until the lender is approved by the                              The eight priority scoring criteria for
                                               Information:                                                                Agency.                                                        projects are listed below.
                                                  (a) Lender certification that the                                          (5) Competitive Criteria: Information                          Priority 1—Projects located in eligible
                                               borrower and principals are not barred                                      that shows how the proposal is                                 rural communities with the lowest
                                               or suspended from participating in State                                    responsive to the priority scoring                             populations will receive the highest
                                               or Federal loan programs and are not                                        criteria specified in this Notice.                             points.
                                               delinquent on any Federal debt.
                                                  (b) Borrower’s unaudited or audited                                      V. Application Review Information
                                                                                                                                                                                                       Population size
                                               financial statements.                                                          Scoring of Priority Criteria for                                                                                Points
                                                                                                                                                                                                          (people)
                                                  (c) Statement of borrower’s housing                                      Selection: All responses received under
                                               development experience.                                                     this Notice will be scored based on the                        0–5,000 .........................................        30
                                                  (4) Lender Eligibility and Approval                                      criteria set forth below to establish                          5,001–10,000 ................................            15
                                               Status: Evidence that the lender is either                                  priority in the event there is insufficient                    10,001–15,000 ..............................             10
                                               an approved lender for the purposes of                                      funding. Per 7 CFR 3565.5(b), priority                         15,001–20,000 ..............................              5
                                               the GRRHP or that the lender is eligible                                    will be given to projects: in smaller rural                    20,001–35,000 ..............................              0
                                               to apply for approved lender status. The                                    communities, in the most needy
                                               lender’s application package requesting                                     communities having the highest                                    Priority 2—The neediest communities
                                               approved lender status can be submitted                                     percentage of leveraging, having the                           as determined by the median income
                                               with the response. If a lender has not yet                                  lowest interest rate, or having the                            from the most recent census data
                                               been approved by the Agency submits a                                       highest ratio of 3–5 bedroom units to                          published by the United States
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                                               response and receives a Notice to                                           total units. In addition, as permitted in                      Department of Housing and Urban
                                               Proceed from the State Office, the lender                                   7 CFR 3565.5(b), in order to meet                              Development, will receive points. The
                                               approval application must be submitted                                      important program goals, priority points                       Agency will allocate points to projects
                                               to the National Office within 30                                            will be given for projects that include                        located in communities having the
                                               calendar days of the lender’s receipt of                                    LIHTC funding and projects that are                            lowest median income. Points for
                                               the Notice to Proceed letter. The Agency                                    participating in specified energy                              median income will be awarded as
                                               will not issue a loan note guarantee                                        efficient programs.                                            follows:


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                                                                         Federal Register / Vol. 82, No. 244 / Thursday, December 21, 2017 / Notices                                           60583

                                                         Median income                                  below. All checklists must be                        with the response. Energy analysis of
                                                                                           Points
                                                           (dollars)                                    accompanied by a signed affidavit by                 preliminary building plans using
                                                                                                        the project architect stating that the               industry-recognized simulation software
                                               Less than $45,000 ........................            20 goals are achievable. Points will be                 must document the projected total
                                               $45,000–less than $55,000 ..........                  15 awarded for the listed programs as                   energy consumption of the building, the
                                               $55,000–less than $65,000 ..........                  10
                                               $65,000–less than $75,000 ..........                   5
                                                                                                        follows. Because Energy Star for Homes               portion of the building consumption
                                               $75,000 or more ...........................            0 is a requirement within other programs               which will be satisfied through on-site
                                                                                                        such as LEED and Green Communities,                  generation and the building’s Home
                                                  Priority 3—Projects that demonstrate                  points will only be awarded separately               Energy Rating System (HERS) score.
                                               partnering and leveraging in order to                    for Energy Star for Homes if it is the                  Projects with an energy analysis of the
                                               develop the maximum number of units                      only program in which the project is                 preliminary or rehabilitation building
                                               and promote partnerships with State                      enrolled, excluding local programs that              plans that propose a 10 percent to 100
                                               and local communities will also receive do not require participation in Energy                                percent energy generation commitment
                                               points. Points will be awarded as                        Star for Homes:                                      (where generation is considered to be
                                               follows:                                                    • Energy Star for Homes—5 points;                 the total amount of energy needed to be
                                                                                                           • Green Communities by the                        generated on-site to make the building
                                                   Loan to total development                            Enterprise  Community Partners                       a net-zero consumer of energy) will be
                                                            cost ratio                         Points   (www.enterprisefoundation.org)—10                    awarded points as follows:
                                                               (%)                                      points;                                                 (a) 0 to 9 percent commitment to
                                                                                                           • LEED for Homes program by the                   energy generation receives 0 points;
                                               Less than 25 .................................        60 U.S. Green Building Council                             (b) 10 to 29 percent commitment to
                                               Less than 50 to 25 .......................            30
                                                                                                        (www.usgbc.org)—Certified (10 points),               energy generation receives 1 point;
                                               Less than 70 to 50 .......................            10
                                               70 or more ....................................        0 Silver (12 points), Gold (15 points), or
                                                                                                                                                                (c) 30 to 49 percent commitment to
                                                                                                        Platinum (25 points);                                energy generation receives 2 points;
                                                  Priority 4—Responses that include                        • Home Innovation’s National Green                   (d) 50 to 69 percent commitment to
                                               equity from low income housing tax                       Building  StandardTM certification                   energy generation receives 3 points;
                                               credits will receive an additional 50                    program   (www.homeinnovation.com/                      (e) 70 to 89 percent commitment to
                                               points.                                                  green)—Bronze (10 points), Silver (12                energy generation receives 4 points;
                                                                                                        points), Gold (15 points), or Emerald (25               (f) 90 percent or more commitment to
                                                  Priority 5—The USDA Rural
                                                                                                        points); or                                          energy generation receives 5 points.
                                               Development will award points to
                                               projects with the highest ratio of 3–5                      • A State or local green building                    Priority 8—Promise Zones/Persistent
                                                                                                        program—2     points.                                Poverty Areas:
                                               bedroom units to total units as follows:                                                                         Additional 10 points will be awarded
                                                                                                           (B) Projects that will be managed by
                                                                                                        a property management company that                   to projects located in Promise Zones
                                                 Ratio of 3–5 bedroom units to                 Points   are certified green property management              and/or Persistent Poverty Counties. A
                                                           total units
                                                                                                        companies will receive 5 points.                     county is considered persistently poor if
                                               More than 50% .............................           10 Applicants must provide proof of                     20 percent or more of its population was
                                               21%–50% .....................................          5 certification. Certification may be                  living in poverty over the last 30 years
                                               Less than 21%–more than 0% .....                       1 achieved through one of the following                (measured by the 1990, 2000, and 2010
                                                                                                        programs:                                            decennial censuses and 2007–2011
                                                  Priority 6—Responses for the                             • National Apartment Association,                 American Community Survey 5-year
                                               revitalization, repair, and transfer (as                 Credential for Green Property                        estimates), as determined by the
                                               stipulated in 7 CFR 3560.406) of                         Management; www.naahq.org/                           Agency.
                                               existing direct Section 515 and Section                  EDUCATION/DESIGNATION                                   Notifications: Responses will be
                                               514/516 FLH and properties involved in PROGRAMS/OTHER/Pages/                                                  reviewed for completeness and
                                               the Agency’s MPR Demonstration                           default.aspx;                                        eligibility. The Agency will notify those
                                               program (transfer costs, including equity                   • National Affordable Housing                     lenders whose responses are selected
                                               payments, are subject to Agency                          Management Association, Credential for               via a ‘‘Notice to Proceed with
                                               approval and must be an eligible use of                  Green Property Management;                           Application Processing’’ letter. The
                                               loan proceeds listed in 7 CFR 3565.205) www.nahma.org/content/                                                Agency will request lenders without
                                               will receive an additional 10 points. If                 greencred.html; or                                   GRRHP lender approval to apply for
                                               the transfer of existing Section 515 and                    • U.S. Green Building Council, Green              GRRHP lender approval within 30 days
                                               Section 514/516 FLH properties                           Building Certification Institute LEED AP             upon receipt of notification of selection.
                                               includes equity payments, 0 points will (any discipline) or LEED Green                                           Lenders will also be invited to submit
                                               be awarded.                                              Associate; www.gbci.org.                             a complete application to the USDA
                                                  Priority 7—Energy Efficiency:                            (C) Energy Generation (maximum 5                  Rural Development State Office where
                                                  (A) Projects that are energy-efficient                points). Responses for new construction              the project is located.
                                               and registered for participation in the                  or purchase and rehabilitation of non-                  Submission of GRRHP Applications:
                                               following programs will receive points                   program multi-family projects which                  The Agency will issue a ‘‘Notice to
                                               as indicated up to a maximum of 25                       participate in the Energy Star for Homes             Proceed with Application Processing’’
                                               points. Each program has an initial                      V3 Program, Green Communities, LEED                  (Notice to Proceed) to lenders whose
                                               checklist indicating prerequisites for                   for Homes, or Home Innovation’s                      responses have been selected. The
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                                               participation. Each applicant must                       National Green Building StandardTM are               Notice to Proceed instruct lenders to
                                               provide a checklist establishing that the eligible to earn additional points for                              contact the USDA Rural Development
                                               prerequisites for each program’s                         installation of on-site renewable energy             State Office immediately following
                                               participation will be met. Additional                    sources. In order to receive more than 1             notification of selection to schedule
                                               points will be awarded for checklists                    point for this energy generation section,            required Agency reviews.
                                               that achieve higher levels of energy                     an accurate energy analysis prepared by                 USDA Rural Development State Office
                                               efficiency certification as set forth                    an engineer will need to be submitted                staff will work with lenders in the


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                                               60584                     Federal Register / Vol. 82, No. 244 / Thursday, December 21, 2017 / Notices

                                               development of an application package.                     Issuance of Guarantee: The USDA                    Independence Avenue SW, Washington,
                                               The deadline for the submission of a                    Rural Development State Office will                   DC 20250–9410;
                                               complete application is 90 calendar                     issue a guarantee to the lender for a                   Fax: (202) 690–7442; or
                                               days from the date of notification of                   project in accordance with 7 CFR                        Email: program.intake@usda.gov.
                                               response selection. If the application is               3565.303. No guarantee can be issued                    USDA is an equal opportunity
                                               not received by the appropriate State                   without a complete application, review                provider, employer, and lender.
                                               Office within 90 calendar days from the                 of appropriate certifications, satisfactory             Dated: December 14, 2017.
                                               date of notification, the selection is                  assessment of the appropriate level of                Richard A. Davis,
                                               subject to cancellation, thereby allowing               environmental review, and the                         Acting Administrator, Rural Housing Service.
                                               another response that is ready to                       completion of any conditional                         [FR Doc. 2017–27527 Filed 12–20–17; 8:45 am]
                                               proceed with processing to be selected.                 requirements.
                                                                                                                                                             BILLING CODE 3410–XV–P
                                               The Agency may extend this 90 day                          Tracking of Average Rents: After the
                                               deadline for receipt of an application at               loan closes, the lender will track the
                                               its own discretion.                                     initial affordable rent at each property
                                                                                                       funded under this Notice and the                      ARCHITECTURAL AND
                                               VI. Award Administration Information                                                                          TRANSPORTATION BARRIERS
                                                                                                       average market rent in the area. The
                                                  Obligation of Program Funds: The                     difference between these two rents will               COMPLIANCE BOARD
                                               Agency will only obligate funds to                      provide the lender with a measure of the              Meetings
                                               projects that meet the requirements                     impact the GRRHP has on affordable
                                               under 7 CFR part 3565 and this Notice,                  rents.                                                AGENCY: Architectural and
                                               including having undergone a                                                                                  Transportation Barriers Compliance
                                               satisfactory environmental review in                    Non-Discrimination Statement                          Board.
                                               accordance with the National                               In accordance with Federal civil                   ACTION: Notice of meetings.
                                               Environmental Protection Act (NEPA)                     rights law and U.S. Department of
                                               and completed Form RD 3565–1,                           Agriculture (USDA) civil rights                       SUMMARY:    The Architectural and
                                               ‘‘Application for Loan and Guarantee’’.                 regulations and policies, the USDA, its               Transportation Barriers Compliance
                                                  The Agency will select the responses                 Agencies, offices, employees, and                     Board (Access Board) plans to hold its
                                               that meet eligibility criteria and invite               institutions participating in or                      regular committee and Board meetings
                                               lenders, via a Notice to Proceed, to                    administering USDA programs are                       in Washington, DC, Monday, January 8,
                                               submit complete applications to the                     prohibited from discriminating based on               and Wednesday, January 10, 2018 at the
                                               Agency, as well as a request for GRRHP                  race, color, national origin, religion, sex,          times and location listed below.
                                               approved lender status if necessary.                    gender identity (including gender                     DATES: The schedule of events is as
                                               Once a complete application is received                 expression), sexual orientation,                      follows:
                                               and approved (and any request for                       disability, age, marital status, familial/            Monday, January 8, 2018
                                               GRRHP approved lender status is                         parental status, income derived from a                   10:00 a.m.–11:00 a.m. Ad Hoc
                                               granted), the Agency’s State Office will                public assistance program, political                       Committee on Design Guidance
                                               submit a request to obligate funds to the               beliefs, or reprisal or retaliation for prior            11:00 a.m.–Noon Technical
                                               Agency’s National Office. Obligation                    civil rights activity, in any program or                   Programs
                                               requests submitted to the National                      activity conducted or funded by USDA                     1:30 p.m.–2:30 p.m. Ad Hoc
                                               Office will be accumulated and placed                   (not all bases apply to all programs).                     Committee on Frontier Issues
                                               in a queue for funding based on the                     Remedies and complaint filing                         Wednesday, January 10, 2018
                                               order by which the obligation request                   deadlines vary by program or incident.                   9:30 a.m.–10:00 a.m. Budget
                                               was received by the National Office. In                    Persons with disabilities who require                 10:00 a.m.–11:00 a.m. Planning and
                                               the event that multiple obligation                      alternative means of communication for                     Evaluation
                                               requests are received at the same time,                 program information (e.g., Braille, large                11:00 a.m.–Noon Update on Access
                                               first priority will be given to the request             print, audiotape, American Sign                            Board Rulemaking (Closed to
                                               for the project that has the highest                    Language, etc.) should contact the                         Public)
                                               percentage of leveraging (lowest Loan to                responsible Agency or USDA’s TARGET                      1:30 p.m.–3:00 p.m. Board Meeting
                                               Cost). If there is still a tie, priority will           Center at (202) 720–2600 (voice and                   ADDRESSES: Meetings will be held at the
                                               be given to the project in the smaller                  TTY) or contact USDA through the                      Access Board Conference Room, 1331 F
                                               rural community.                                        Federal Relay Service at (800) 877–8339.              Street NW, Suite 800, Washington, DC
                                                  In the event there is insufficient                   Additionally, program information may                 20004.
                                               funding for applications approved                       be made available in languages other                  FOR FURTHER INFORMATION CONTACT: For
                                               under this Notice, the Agency will fund                 than English.                                         further information regarding the
                                               applications based on priority score                       To file a program discrimination                   meetings, please contact David Capozzi,
                                               ranking described in Section V.                         complaint, complete the USDA Program                  Executive Director, (202) 272–0010
                                                  Conditional Commitment: Once the                     Discrimination Complaint Form, AD–                    (voice); (202) 272–0054 (TTY).
                                               required documents for obligation are                   3027, found online at http://                         SUPPLEMENTARY INFORMATION: At the
                                               received and all applicable                             www.ascr.usda.gov/complaint_filing_                   Board meeting scheduled on the
                                               requirements have been met, including                   cust.html and at any USDA office or                   afternoon of Wednesday, January 10,
                                               NEPA requirements, and to the extent                    write a letter addressed to USDA and                  2018, the Access Board will consider
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                                               funding is available, the USDA Rural                    provide in the letter all of the                      the following agenda items:
                                               Development State Office will issue a                   information requested in the form. To                 • Approval of draft meeting minutes
                                               Conditional Commitment. The                             request a copy of the complaint form,                    (vote): March 15, 2017; July 12, 2017;
                                               Conditional Commitment will stipulate                   call (866) 632–9992, submit your                         September 13, 2017; November 15,
                                               the conditions that must be fulfilled                   completed form or letter to USDA by:                     2017
                                               before the issuance of a guarantee, in                     Mail: U.S. Department of Agriculture,              • Ad Hoc Committee Reports: Design
                                               accordance with 7 CFR 3565.303.                         Director, Office of Adjudication, 1400                   Guidance; Frontier Issues


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Document Created: 2018-10-25 11:00:06
Document Modified: 2018-10-25 11:00:06
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesEligible responses to this Notice will be accepted until December 31, 2021, 12:00 p.m. Eastern Time. Funding for selected responses that develop into complete applications and meet all Federal eligibility requirements will be based on the Appropriations Act for each individual fiscal year that this NOSA is open. Selected responses to this Notice that are deemed eligible for further processing after each fiscal year ends, will be funded to the extent an Appropriations Act provides sufficient funding in the fiscal year the response is selected. Approved applications are subject to the fee structure in effect when the response was selected for further processing. For example, a response that was selected under the 2016 NOSA will be subject to all fees stated in the 2016 NOSA.
ContactMonica Cole, Financial and Loan Analyst, U.S. Department of Agriculture Rural Development, Guaranteed Rural Rental Housing Program, Multi-Family Housing Guaranteed Loan Division, 1400 Independence Avenue SW, Room 1263S-STOP 0781, Washington, DC 20250-0781 or email: [email protected] Telephone: (202) 720-1251. This number is not toll-free. Hearing or speech-impaired persons may access that number by calling the Federal Information Relay Service toll-free at (800) 877-8339.
FR Citation82 FR 60579 

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