What better time than National Homeownership Month to host a housing development workshop? Local officials in Pike County, Alabama, recognized the shortage of available housing for individuals and families interested in relocating to the area because of the hundreds of new job opportunities resulting from recent industry announcements and existing business expansions. As one of the steps to help address this housing issue, the Pike County Economic Development Corporation (PCEDC) hosted a housing development workshop last week.
During the workshop, lenders, realtors, and developers learned about a variety of Federal and State programs to finance single family and multi-tenant housing. Representatives of USDA Rural Development shared detailed information and met one-on-one with individuals following the workshop to answer their specific questions. General questions about eligibility criteria, “green-building” programs and incentives, zoning issues, and rehabilitation of existing multi-tenant housing were raised during the workshop.
Ronnie Davis, Alabama Rural Development State Director, spoke of USDA’s interest in partnering with lenders, Realtors, and developers, as well as with other government-financing programs, to provide more housing to compliment the economic development success Pike County, Alabama, is experiencing.
To find out more about USDA homeownership programs, click here.