Lincoln, Nebraska, Jul 11, 2011 -- The United States Department of Agriculture (USDA) Rural Development published NOTICES in the July 7, 2011, Vol. 76, No. 130 Federal Register (pages 39820 – 39836) announcing the timeframes and guidelines for applications to be submitted under the Agency’s Notice of Funding Availability: Sections 514, 515, and 516 Multi-Family Housing Revitalization Demonstration Program (MPR) for Fiscal Year 2011. Applications are awarded funding based on a national competitive application process.
The MPR Program provides assistance to preserve and revitalize existing Multi-Family Housing (MFH) projects financed by Rural Development. The intended effect is to restructure selected existing Section 515 Rural Rental Housing (RRH) loans and Section 514/516 Off-Farm Labor Housing loans (FLH) for the purpose of providing safe and affordable housing for very low-, low-, or moderate-income residents. Grants are also available for non-profit owners for this purpose. The properties participating will be revitalized and the affordable use will be extended without displacing tenants because of increased rents. No additional Agency Rental Assistance (RA) units will be made available under this program.
The deadline for receipt of all pre-applications in response to this Notice is 5 p.m., Eastern Time, August 22, 2011. The pre-application closing deadline is firm as to date and hour. All funding for MPR transactions are subject to the availability of funds for this purpose. Applicants must submit a pre-application. Applicants are encouraged, but not required, to provide an electronic copy of all hard copy forms and documents requested by this Notice. See the Notice for detailed instructions as to form and content for the electronic submission of documents. The form to be used for the pre-application is available with the notice or on the Internet at http://www.rurdev.usda.gov/rhs/mfh/MPR/Forms/MPR%20Preapplication%20FY2011.pdf . Hard copy pre-applications and additional materials should be mailed to the attention of Cynthia L. Johnson, Finance and Loan Analyst, Multi-Family Housing Preservation and Direct Loan Division, STOP 0782 (Room 1263-S) U.S. Department of Agriculture, Rural Housing Service, 1400 Independence Avenue, SW., Washington, DC 20250-0782. For more information in Nebraska contact Linda Anders at 402-437-5734 or email@example.com. Visit www.rurdev.usda/ne.