1940.575—Section 515 Rural Rental Housing (RRH) loans.
(a) Amount available for allocations.
See § 1940.552(a) of this subpart.
(b) Basic formula criteria, data source and weight.
See § 1940.552(b) of this subpart.
The criteria used in the basic formula area:
(1)
State's percentage of National rural population,
(2)
State's percentage of National number of rural occupied substandard units, and
(3)
State's percentage of National rural families with incomes below the poverty level.
Data source for each of these criterion is based on the latest census data available. Each criterion is assigned a specific weight according to its relevance in determining need. The percentage representing each criterion is multiplied by the weight assigned and summed to arrive at a State factor (SF).
Code of Federal Regulations
SF = (criterion No. 1 × weight of 331/3%) (criterion No. 2 × weight of 331/3%) (criterion No. 3 × weight of 331/3%)
(c) Basic formula allocation.
See § 1940.552(c) of this subpart.
(d) Transition formula.
See § 1940.522(d) of this subpart.
(e) Base allocation.
See § 1940.552(e) of this subpart. Jurisdictions receiving administrative allocations do not receive base allocations.
(f) Administrative allocations.
See § 1940.552(f) of this subpart. Jurisdictions receiving formula allocations do not receive administrative allocations.
(g) Reserve.
See § 1940.552(g) of this subpart.
(h) Pooling of funds.
See § 1940.552(h) of this subpart.
(i) Availability of the allocation.
See § 1940.552(i) of this subpart.
(j) Suballocation by the State Director.
See § 1940.552(j) of this subpart.
(k) Other documentation.
Not applicable.
Code of Federal Regulations
[53 FR 26229, July 12, 1988]