| Page Range | 26080-26081 | |
| FR Document | 2018-12041 |
[Federal Register Volume 83, Number 108 (Tuesday, June 5, 2018)] [Notices] [Pages 26080-26081] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-12041] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-6108-FA-01] Housing Trust Fund; Fiscal Year (FY) 2018 Allocation Notice AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice of fiscal year 2018 funding awards. ----------------------------------------------------------------------- SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) established the Housing Trust Fund (HTF) to be administered by HUD. Pursuant to the Federal Housing Enterprises Financial Security and Soundness Act of 1992 (the Act), as amended by HERA, Division A, eligible HTF grantees are the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the Commonwealth of Northern Mariana Islands, and the United States Virgin Islands. In accordance with Section 1338 (c)(4)(A) of the Act, this notice announces the formula allocation amount for each eligible HTF grantee. FOR FURTHER INFORMATION CONTACT: Virginia Sardone, Director, Office of Affordable Housing Programs, Room 7164, Department of Housing and Urban Development, 451 Seventh Street SW, Washington, DC 20410-7000; telephone (202) 708-2684. (This is not a toll-free number.) A telecommunications device for hearing- and speech-impaired persons (TTY) is available at 800-877-8339 (Federal Information Relay Service). SUPPLEMENTARY INFORMATION: Section 1131 of HERA Division A amended the Act to add a new section 1337 entitled [[Page 26081]] ``Affordable Housing Allocations'' and a new section 1338 entitled ``Housing Trust Fund.'' HUD's implementing regulations are codified at 24 CFR part 93. Congress authorized the HTF with the stated purpose of: (1) Increasing and preserving the supply of rental housing for extremely low-income families with incomes between 0 and 30 percent of area median income and very low-income families with incomes between 30 and 50 percent of area median income, including homeless families, and (2) increasing homeownership for extremely low-income and very low- income families. Section 1337 of the Act provides for the HTF (and other programs) to be funded with an affordable housing set-aside by Fannie Mae and Freddie Mac. The total set-aside amount is equal to 4.2 basis points (.042 percent) of Fannie Mae and Freddie Mac's new mortgage purchases, a portion of which is for the HTF. Section 1338 of the Act directs HUD to establish, through regulation, the formula for distribution of amounts made available for the HTF. The statute specifies the factors to be used for the formula and priority for certain factors. The factors and methodology HUD uses to allocate HTF funds among eligible grantees are established in the HTF regulation. The funding announced for Fiscal Year 2018 through this notice is $266,775,403.45. Appendix A to this notice provides the names of the grantees and the amounts of the awards. Dated: May 29, 2018. Neal J. Rackleff, Assistant Secretary, Office of Community Planning and Development. Appendix A: FY 2018 Housing Trust Fund Allocation Amounts ------------------------------------------------------------------------ FY 2018 Grantee allocation ------------------------------------------------------------------------ Alabama.............................................. $3,000,000 Alaska............................................... 3,000,000 Arizona.............................................. 3,997,777 Arkansas............................................. 3,000,000 California........................................... 36,616,277.45 Colorado............................................. 3,563,587 Connecticut.......................................... 3,269,474 Delaware............................................. 3,000,000 District of Columbia................................. 3,000,000 Florida.............................................. 10,442,914 Georgia.............................................. 5,705,499 Hawaii............................................... 3,000,000 Idaho................................................ 3,000,000 Illinois............................................. 9,812,230 Indiana.............................................. 3,937,462 Iowa................................................. 3,000,000 Kansas............................................... 3,000,000 Kentucky............................................. 3,000,000 Louisiana............................................ 3,068,829 Maine................................................ 3,000,000 Maryland............................................. 3,578,771 Massachusetts........................................ 5,720,333 Michigan............................................. 6,004,558 Minnesota............................................ 3,445,781 Mississippi.......................................... 3,000,000 Missouri............................................. 3,970,270 Montana.............................................. 3,000,000 Nebraska............................................. 3,000,000 Nevada............................................... 3,000,000 New Hampshire........................................ 3,000,000 New Jersey........................................... 7,726,903 New Mexico........................................... 3,000,000 New York............................................. 22,171,681 North Carolina....................................... 5,874,191 North Dakota......................................... 3,000,000 Ohio................................................. 6,971,712 Oklahoma............................................. 3,000,000 Oregon............................................... 3,654,189 Pennsylvania......................................... 7,759,948 Rhode Island......................................... 3,000,000 South Carolina....................................... 3,007,655 South Dakota......................................... 3,000,000 Tennessee............................................ 3,688,511 Texas................................................ 12,279,085 Utah................................................. 3,000,000 Vermont.............................................. 3,000,000 Virginia............................................. 4,672,562 Washington........................................... 5,197,313 West Virginia........................................ 3,000,000 Wisconsin............................................ 4,117,505 Wyoming.............................................. 3,000,000 Puerto Rico.......................................... 1,253,357 America Samoa........................................ 11,995 Guam................................................. 97,028 Northern Marianas.................................... 53,415 Virgin Islands....................................... 104,591 ------------------ Total............................................ 266,775,403.45 ------------------------------------------------------------------------ [FR Doc. 2018-12041 Filed 6-4-18; 8:45 am] BILLING CODE 4210-67-P
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of fiscal year 2018 funding awards. | |
| Contact | Virginia Sardone, Director, Office of Affordable Housing Programs, Room 7164, Department of Housing and Urban Development, 451 Seventh Street SW, Washington, DC 20410-7000; telephone (202) 708-2684. (This is not a toll-free number.) A telecommunications device for hearing- and speech-impaired persons (TTY) is available at 800-877-8339 (Federal Information Relay Service). | |
| FR Citation | 83 FR 26080 |