Notices. Notice of fiscal year 2022 funding awards
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/register/2022/06/29/2022-13850A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4210-67-P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-FR-6335-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 2022 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, 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. 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). (This is a toll-free number). 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.” Congress authorized the Housing Trust Fund
(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 (12 U.S.C. 4567) requires Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) to set-aside 4.2 basis points (.042 percent) of the unpaid principal of their new mortgage purchases annually to fund the HTF and the Capital Magnet Fund. Each year, 65% of the amounts set-aside by Fannie Mae and Freddie Mac are then allocated to the HTF. Section 1338 of the Act (12 U.S.C. 4568) directs HUD to establish, through regulation, the formula for distribution of amounts made available for the HTF. The provisions in section 1338(c)(3) of the Act (12 U.S.C. 4568(c)(3)) specify the factors to be used for the formula and priority for certain factors. The HTF implementing regulations are at 24 CFR part 93. The factors and methodology HUD uses to allocate HTF funds among eligible grantees are established in the HTF regulation at 24 CFR 93.50, 93.51, and 93.52. The funding announced for Fiscal Year 2022 through this notice is $748,948,400.71. Appendix A to this notice provides the HTF allocation amount for each grantee. Jemine Bryon, Acting General Deputy Assistant Secretary for Community Planning and Development. Appendix A: FY 2022 Housing Trust Fund Allocation Amounts Grantee FY 2022 allocation 1 Alabama $7,451,918 2 Alaska 2,982,433 3 Arizona 11,533,111 4 Arkansas 4,573,938 5 California 132,021,213.71 6 Colorado 10,917,121 7 Connecticut 9,720,275 8 Delaware 2,982,433 9 District of Columbia 2,982,433 10 Florida 37,274,870 11 Georgia 19,218,923 12 Hawaii 3,744,423 13 Idaho 2,982,433 14 Illinois 33,710,562 15 Indiana 11,745,382 16 Iowa 4,884,132 17 Kansas 4,646,916 18 Kentucky 7,560,281 19 Louisiana 8,901,548 20 Maine 2,982,433 21 Maryland 11,215,433 22 Massachusetts 18,648,225 23 Michigan 18,775,197 24 Minnesota 10,497,206 25 Mississippi 4,433,035 26 Missouri 11,468,006 27 Montana 2,982,433 28 Nebraska 3,076,650 29 Nevada 7,462,633 30 New Hampshire 2,982,433 31 New Jersey 26,873,570 32 New Mexico 3,521,165 33 New York 80,290,281 34 North Carolina 19,660,977 35 North Dakota 2,982,433 36 Ohio 23,337,503 37 Oklahoma 5,907,079 38 Oregon 10,567,910 39 Pennsylvania 25,998,644 40 Rhode Island 2,982,433 41 South Carolina 8,590,615 42 South Dakota 2,982,433 43 Tennessee 10,916,268 44 Texas 47,375,117 45 Utah 3,561,979 46 Vermont 2,982,433 47 Virginia 16,038,732 48 Washington 16,889,505 49 West Virginia 2,982,433 50 Wisconsin 12,144,277 51 Wyoming 2,919,921 52 Puerto Rico 4,064,659 53 America Samoa 46,187 54 Guam 373,610 55 Northern Marianas 205,677 56 Virgin Islands 394,529 Total 748,948,399.71 [FR Doc. 2022-13850 Filed 6-28-22; 8:45 am]
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- 24 CFR 93
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