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24372 Federal Register / Vol. 70, No.

88 / Monday, May 9, 2005 / Notices

high probability of being accomplished. number of years will be used for this 2005, with the highest scoring responses
The points awarded will be as specified selection criteria. receiving priority as long as funds
in paragraphs (1) through (4) of this (a) At least 1 but less than 3 years— remain available. These corrections are
section. In each case, the intermediary’s 5 points; also intended to ensure that the Agency
work plan must provide documentation (b) At least 3 but less than 5 years— will continue to select the highest
that the selection criteria have been met 10 points; scoring Notice responses received after
in order to qualify for selection criteria (c) At least 5 but less than 10 years— June 13, 2005, notwithstanding the
points. If an application does not fit one 20 points; or score, as long as the response meets
of the categories listed, it receives no (d) 10 or more years—30 points. program criteria and funds remain
points for that paragraph. (4) Administrative. The Administrator available.
(1) Other funds. Points allowed under may assign up to 35 additional points to Accordingly, the Notice published on
this paragraph are to be based on an application to account for the March 14, 2005 (70 FR 12569–12575), is
documented successful history or following items not adequately covered corrected as follows:
written evidence that the funds are by the other priority criteria set out in On page 12569, in the first column,
available. this section. The items that may be fourth paragraph, under the heading
(a) The intermediary will obtain non- considered are the amount of funds DATES, the fourth sentence is corrected
Agency loan or grant funds or provide requested in relation to the amount of to read as follows: ‘‘Each month after
housing tax credits (measured in need; a particularly successful June 13, 2005, the Agency will select the
dollars) to pay part of the cost of the affordable housing development record; highest scoring proposals, in light of the
ultimate recipients’ project cost. Points a service area with no other PRLF remaining funding, until all funds are
for the amount of funds from other coverage; a service area with severe expended.’’
sources are as follows: affordable housing problems; a service On page 12569, in the second column,
(i) At least 10% but less than 25% of area with emergency conditions caused under the heading DATES, the fifth
the total project cost—5 points; by a natural disaster; an innovative sentence, ‘‘Priority for the selection of
(ii) At least 25% but less than 50% of proposal; the quality of the proposed proposals that meet the threshold score
the total project cost—10 points; or program; a work plan that is in accord of 25 will be given to the highest scoring
(iii) 50% or more of the total project with a strategic plan, particularly a plan proposals,’’ is removed.
cost—15 points. prepared as part of a request for an On page 12574, in the first column,
(b) The intermediary will provide Empowerment Zone/Enterprise first paragraph, under the heading
loans to the ultimate recipient from its Community designation; or excellent ‘‘Scoring of Priority Criteria for
own funds (not loan or grant) to pay part utilization of an existing revolving loan Selection of Projects,’’ the fifth sentence
of the ultimate recipients’ project cost. fund program. is corrected to read as follows: ‘‘Each
The amount of the intermediary’s own Dated: May 2, 2005. month after June 13, 2005, the Agency
funds will average: will select the highest scoring proposals,
Russell T. Davis,
(i) At least 10% but less than 25% of in light of the remaining funding, until
the total project costs—5 points; Administrator, Rural Housing Service.
[FR Doc. 05–9155 Filed 5–6–05; 8:45 am] all funds are expended.’’
(ii) At least 25% but less than 50% of
On page 12574, in the first column,
total project costs—10 points; or BILLING CODE 3410–XV–P
first paragraph, under the heading
(iii) 50% or more of total project
‘‘Scoring of Priority Criteria for
costs—15 points.
(2) Intermediary contribution. All DEPARTMENT OF AGRICULTURE Selection of Projects,’’ the sixth
assets of the PRLF will serve as security sentence, ‘‘Priority for the selection of
for the PRLF loan, and the intermediary Rural Housing Service proposals that meet the threshold score
will contribute funds not derived from of 25 will be given to the highest scoring
Notice for Requests for Proposals for proposals,’’ is removed.
the Agency into the PRLF along with the Guaranteed Loans Under the Section
proceeds of the PRLF loan. The amount Dated: April 8, 2005.
538 Guaranteed Rural Rental Housing
of non-Agency derived funds Program (GRRHP) for Fiscal Year 2005 Russell T. Davis,
contributed to the PRLF will equal the Administrator, Rural Housing Service.
following percentage of the Agency AGENCY: Rural Housing Service, USDA. [FR Doc. 05–9156 Filed 5–6–05; 8:45 am]
PRLF loan: ACTION: Notice; correction. BILLING CODE 3410–XV–P
(a) At least 5% but less than 15%—
15 points; SUMMARY: The Rural Housing Service
(b) At least 15% but less than 25%— (RHS) is correcting a notice published
March 14, 2005 (70 FR 12569–12575). DEPARTMENT OF COMMERCE
30 points; or
(c) 25% or more—50 points. This action is taken to correct language Submission for OMB Review;
(3) Experience. The intermediary has that purports that Notice responses that Comment Request
actual experience in the administration score less than 25 points or score 25
of revolving loan funds and the points or more but have a development The Department of Commerce has
preservation of multi-family housing, cost ratio of equal to or more than 70 submitted to the Office of Management
with a successful record, for the percent may not be selected for further and Budget (OMB) for clearance the
following number of full years. processing and obligation after June 13, following proposal for collection of
Applicants must have actual experience 2005. These corrections are intended to information under the provisions of the
in both the administration of revolving ensure that all Notice responses Paperwork Reduction Act (44 U.S.C.
loan funds and the preservation of received prior to June 13, 2005, and that 3501 et seq.).
multi-family housing in order to qualify meet program criteria, but score less Agency: Economic Development
for points under this selection criteria. than 25 points or score 25 points or Administration.
If the number of years of experience more but have a development cost ratio Title: Award for Excellence in
differs between the two types of of equal to or more than 70 percent may Economic Development.
experience, the type with the least be selected for obligation after June 13, Form Number(s):

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