awards are exempt from Federal audit requirements for that year, except as noted in 7 CFR 3052. Records: Grantees shall maintain adequate records and accounts to assure that grant funds are used for authorized purposes. FINANCIAL INFORMATION: Account Identification: 12-2070-0-1-604. 320 Obligations: (Grants) FY 99 $7,168,000; FY 00 est $5,515,000; and FY 01 est $8,000,000. Range and Average of Financial Assistance: For fiscal year 1999, approximately 120 grants were obligated providing assistance for 1,770 units. PROGAM ACCOMPLISHMENTS: Collectively, the purpose is to provide assistance to approximately 5,000 homeowners for the rehabilitation of their homes. For fiscal year 1999 preapplications were funded to assist 1,770 units. REGULATIONS, GUIDELINES, AND LITERATURE: 7 CFR 1944-N, Section 1944.651 through 1944.700, RD Instruction 1944-N. Regulations are available from Rural Development State offices. INFORMATION CONTACTS: Regional or Local Office: Contact the appropriate Rural Development State office Or on the internet at http://www.rurdev.usda.gov/recd_map.html. Headquarters Office: Multiple Family Housing Processing Division, Rural Housing Service, Department of Agriculture, Washington DC 20250. Telephone: (202) 720-1660. Use the same number for FTS. Web Site Address: http://www.rurdev.usda.gov. EXAMPLES OF FUNDED PROJECTS: Funded projects generally provide financial assistance to very low- income
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