Notices. Notice of Fiscal Year 2016 Funding Awards

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BILLING CODE 9111-23-P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5945-N-01] Housing Trust Fund Federal Register Allocation Notice AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice of Fiscal Year 2016 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 “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 2016 through this notice is $173,591,160. Appendix A to this notice provides the names and the amounts of the awards. Dated: April 22, 2016. Clifford Taffet, General Deputy Assistant Secretary for Community Planning and Development. Appendix A: FY 2016 Housing Trust Fund Allocation Amounts Grantee FY 2016 Allocation Alabama $3,000,000 Alaska 3,000,000 Arizona 3,000,000 Arkansas 3,000,000 California 10,128,143 Colorado 3,000,000 Connecticut 3,000,000 Delaware 3,000,000 District of Columbia 3,000,000 Florida 4,598,821 Georgia 3,314,612 Hawaii 3,000,000 Idaho 3,000,000 Illinois 4,302,012 Indiana 3,000,000 Iowa 3,000,000 Kansas 3,000,000 Kentucky 3,000,000 Louisiana 3,000,000 Maine 3,000,000 Maryland 3,000,000 Massachusetts 3,419,569 Michigan 3,522,622 Minnesota 3,000,000 Mississippi 3,000,000 Missouri 3,000,000 Montana 3,000,000 Nebraska 3,000,000 Nevada 3,000,000 New Hampshire 3,000,000 New Jersey 3,733,566 New Mexico 3,000,000 New York 7,013,963 North Carolina 3,280,235 North Dakota 3,000,000 Ohio 3,740,578 Oklahoma 3,000,000 Oregon 3,000,000 Pennsylvania 3,862,285 Rhode Island 3,000,000 South Carolina 3,000,000 South Dakota 3,000,000 Tennessee 3,000,000 Texas 4,778,364 Utah 3,000,000 Vermont 3,000,000 Virginia 3,139,830 Washington 3,243,721 West Virginia 3,000,000 Wisconsin 3,004,558 Wyoming 3,000,000 American Samoa 12,321 Guam 77,609 N. Mariana Islands 35,735 Puerto Rico 326,054 Virgin Islands 56,562 Total 173,591,160 [FR Doc. 2016-10508 Filed 5-4-16; 8:45 am]

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24 CFR 93

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Notices

Notice of Fiscal Year 2016 Funding Awards

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