83 FR 47126 - Notice of Solicitation of Applications for the Multifamily Preservation and Revitalization Demonstration Program Under Section 514, Section 515, and Section 516; Correction

DEPARTMENT OF AGRICULTURE
Rural Housing Service

Federal Register Volume 83, Issue 181 (September 18, 2018)

This document corrects four items in the initial Notice that published in the Federal Register on September 5, 2017, entitled ``Notice of Solicitation of Applications for the Multifamily Preservation and Revitalization (MPR) Demonstration Program Under Section 514, Section 515, and Section 516.'' These items revise and clarify the application submission dates, transfer deferral only approval timelines and Agency processing actions.

[Federal Register Volume 83, Number 181 (Tuesday, September 18, 2018)]
[Notices]
[Pages 47126-47127]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20215]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Solicitation of Applications for the Multifamily 
Preservation and Revitalization Demonstration Program Under Section 
514, Section 515, and Section 516; Correction

AGENCY: Rural Housing Service, USDA.

ACTION: Notice; correction.

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SUMMARY: This document corrects four items in the initial Notice that 
published in the Federal Register on September 5, 2017, entitled 
``Notice of Solicitation of Applications for the Multifamily 
Preservation and Revitalization (MPR) Demonstration Program Under 
Section 514, Section 515, and Section 516.'' These items revise and 
clarify the application submission dates, transfer deferral only 
approval timelines and Agency processing actions.

[[Page 47127]]


DATES: This correction is effective September 18, 2018.

FOR FURTHER INFORMATION CONTACT: Dean Greenwalt, 
[email protected], (314) 457-5933, and/or Abby Boggs, 
[email protected], (615) 783 1382, Preservation and Direct Loan 
Division, STOP 0782 (Room 1263-S), U.S. Department of Agriculture, 
Rural Development, 1400 Independence Avenue SW, Washington, DC 20250-
0782. (Please note these telephone numbers are not toll-free numbers.)

SUPPLEMENTARY INFORMATION: In FR Doc. 2017-18753 of September 5, 2017 
(82 FR 41914), make the following corrections:

Corrections

    (1) On page 41915 in the first column, second line, continues the 
paragraph from the previous page under item (2) of the Date section 
where the last sentence reads ``September 28, 2018'', replace with 
``April 30, 2019'' in its place.
    (2) On page 41917 in the first column, sixth paragraph, delete last 
sentence ``This tool is available only to project owners where all 
Agency mortgages on the property are maturing on or before December 31, 
2023.''
    (3) On page 41925 in the first, column second, paragraph replaced 
with the following:
    ``Complete project information must be submitted as soon as 
possible, but in no case later than April 30, 2019. MPR transfer 
applicants must submit a final transfer request as required by 7 CFR 
3560.406 (c), no later than May 31, 2019. These deadlines will not be 
extended, so please plan your transaction's timeline accordingly.''
    (4) On page 41925 in the first column, the third paragraph, is 
replaced with the following:
    ``Any pre-applications that have not received an Agency's 
Conditional Commitment for MPR funding, other than MPR deferral only 
transfers, will be considered withdrawn on August 30, 2019. MPR 
deferral only transfers approved subject to the availability of MPR 
funding will continue to be processed subject to the respective 
transfer approval conditions. These deadlines will not be extended, so 
please plan your transaction's timeline accordingly. Applicants may 
reapply for funding under future rounds and/or Notices as they may be 
made available.''

    Dated: September 7, 2018.
Joel C. Baxley,
Administrator, Rural Housing Service.
[FR Doc. 2018-20215 Filed 9-17-18; 8:45 am]
BILLING CODE 3410-XV-P