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March 30, 2006 SUBJECT: Rural Economic Development Loan and Grant Program Projects Funded for Second Quarter Fiscal Year 2006 TO: State Directors, Rural Development ATTN: Business Programs Directors The Business Programs has announced loan and grant selections for the second quarter of fiscal year (FY) 2006 under the Rural Economic Development Loan and Grant (REDLG) Program. A listing of loan and grant awards is attached for your information. During the second quarter of FY 2006, 37 zero-interest loan applications totaling $17,362,000 were considered by Business Programs. Based on the availability of funds, 14 applications were selected for funding totaling $7,079,000. These funds will be leveraged by $115,856,121 of private and public financing and directly create 338 jobs in rural areas and help save 563 existing positions. In addition to the loan selections, 10 grants totaling $2,742,360 to finance revolving loan fund programs that will be operated by rural electric utilities were selected for funding. The initial zero-interest loans from the revolving loan fund programs, leveraged by $11,004,478 in private and public financing, will provide financing for a new fire station, childcare center and develop essential community facilities in rural America. An estimated 145 new jobs will be created and 335 jobs will be saved as a result of these grants. EXPIRATION DATE: September 30, 2006 FILING INSTRUCTIONS: Community/Business Programs
Rural Economic Development Loan and Grant Program Projects Funded 2 If you have any questions, please contact Todd Hubbell, Loan Specialist, Specialty Lenders Division Processing Branch, (202) 690-2516. (Signed by William F. Hagy III) WILLIAM F. HAGY III Deputy Administrator Business Programs Attachments (2 pages)
Page 1 and 2: March 22, 2006 TO: State Directors
Page 3 and 4: Multi-Family Housing Occupancy Stat
Page 5 and 6: MULTI-FAMILY HOUSING OCCUPANCY STAT
Page 7 and 8: SECTION 515 HOUSING ADJUSTED INCOME
Page 9 and 10: SECTION 515 AND SECTION 514 FARM LA
Page 11 and 12: SECTION 514 FARM LABOR HOUSING ADJU
Page 13 and 14: SECTION 515 HOUSING UNIT SIZES AND
Page 17 and 18: SECTION 514 FARM LABOR HOUSING ELDE
Page 19 and 20: SECTION 515 HOUSING HOUSEHOLDS BY E
Page 23 and 24: SECTION 514 FARM LABOR HOUSING NATI
Page 25 and 26: SECTION 515 HOUSING HOUSEHOLD MEMBE
Page 29 and 30: SECTION 514 FARM LABOR HOUSING GEND
Page 31 and 32: VERY LOW PCT SECTION 515 HOUSING IN
Page 35 and 36: SECTION 514 FARM LABOR HOUSING AVER
Page 37 and 38: SECTION 515 HOUSING TENANT SUBSIDY
Page 41 and 42: SECTION 515 HOUSING RENT OVERBURDEN
Page 43 and 44: March 22, 2006 SUBJECT: Interest Ra
Page 45 and 46: March 23, 2006 SUBJECT: Daymax Plan
Page 47 and 48: Page 2 • Is the LP transferee wil
Page 49 and 50: 4/10/2006 2:29 PM 2
Page 51: Intermediary Relending Program 2 As
Page 55: Attachment RURAL ECONOMIC DEVELOPME

Multi-Family Housing Program Directors FROM

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