When funding levels are under $100,000,000, all funds will be held in a National Office reserve and made available administratively in accordance with the Notice of Funding Availability (NOFA) and program regulations. When program levels are sufficient for a nationwide program, funds are allocated based upon the following criteria and weights.
(a) Amount available for allocations. See Sec. 1940.552(a) of this subpart.
(b) Basic formula criteria, data source and weight. See Sec. 1940.552(b) of this subpart .
Each factor will receive a weight respectively of 40%, 40% and 20%. The criteria used in the basic formula are:
(1) State's percentage of National rural population,
(2) State's percentage of the National number of rural households between 50 and 115 percent of the area median income, and
(3) State's percentage of National average cost per unit. Data source for the first two of these criterion are based on the latest census data available. The third criterion is based on the cost per unit data using the applicable maximum per unit dollar amount limitations under section 207(c) of the National Housing Act, which can be obtained from the Department of Housing and Urban Development. The percentage representing each criterion is multiplied by the weight assigned and totaled to arrive at a State factor. State Factor = (criterion No. 1 x weight of 40%)+ (criterion No. 1 x weight of 40%)+ (criterion No. 1 x weight of 20%)
(c) Basic formula allocation. See Sec. 1940.552(c).
(d) Transition formula. See Sec. 1940.552(d).
(e) Base allocation. See Sec. 1940.552(e). Jurisdictions receiving administrative allocations do not receive base allocations.
(f) Administrative allocations. See Sec. 1940.552(f). Jurisdictions receiving formula allocations do not receive administrative allocations.
(g) Reserve. See Sec. 1940.552(g).
(h) Pooling of funds. See Sec. 1940.552(h).
(i) Availability of the allocation. See Sec. 1940.552(i).
(j) Suballocation by the State Director. See Sec. 1940.552(j).
(k) Other documentation. Not applicable. [63 FR 39458, July 22, 1998] Secs. 1940.561-1940.562 [Reserved]