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Category: Rural Development

Silver City, NM, Student Draws Winning Poster for Homeownership Month

State Director Terry Brunner presents an award to Mireya Cisneros as her parents and her younger brother look on.

State Director Terry Brunner presents an award to Mireya Cisneros as her parents and her younger brother look on.

The Sixth Street Elementary School in Silver City, New Mexico, has seen a lot of students over the years.  But May 8th 2014 was a very special day at the 130-year-old school. Why? Because 10-year-old Mireya Cisneros, a fourth grader, was honored for her winning illustration for New Mexico’s 2014 National Homeownership Month poster contest.

The theme, “What my home means to me!” was the inspiration for the fourth and fifth grade students who participated in the contest held by USDA Rural Development in New Mexico. Read more »

Ohio Habitat for Humanity Home Framed and Rising with Help from ‘Team RD’

USDA Ohio Rural Development employees help construction workers "walk up a wall" during a day of volunteering at a Marysville, Ohio Habitat for Humanity build. The house, which will belong to Union County resident Michelle Amrine, is the first-ever built-from-the-ground-up collaboration between Habitat for Humanity and Rural Development in Ohio. (USDA Photo by Heather Hartley)

USDA Ohio Rural Development employees help construction workers "walk up a wall" during a day of volunteering at a Marysville, Ohio Habitat for Humanity build. The house, which will belong to Union County resident Michelle Amrine, is the first-ever built-from-the-ground-up collaboration between Habitat for Humanity and Rural Development in Ohio. (USDA Photo by Heather Hartley)

In commemoration of USDA’s annual Homeownership Month, some industrious Ohio Rural Development team members and I recently spent a sunny day at a Habitat for Humanity building site, helping Marysville resident Michelle Amrine and her two children frame out a place to call their own.

Financed through USDA Rural Development’s Direct Home Loan program, the home is being constructed through Habitat for Humanity of Union County. Although earlier projects in the state included funds for the rehabilitation of already-existing construction, the Amrine house marks the first “from-the-ground-up” collaboration between Ohio Rural Development and Habitat for Humanity. Read more »

Local Food Investments Expand Market Opportunities Coast to Coast

 

With support from a USDA Business and Industry Guaranteed Loan, the Cellars at Jasper Hill in rural Greensboro, Vermont was able to expand its facility, grow its business and reach new markets.

With support from a USDA Business and Industry Guaranteed Loan, the Cellars at Jasper Hill in rural Greensboro, Vermont was able to expand its facility, grow its business and reach new markets.

Last month, Secretary Vilsack announced a historic level of funding available for local and regional food: $78 million, including $48 million through USDA’s Business and Industry Loan Guarantee Program and $30 million through the newly-expanded Farmers Market and Local Food Promotion Program. The 2014 Farm Bill gave USDA these and other tools and resources, expanding our ability to connect rural and urban communities, increase access to healthy foods, and support rural economies through local food systems.

What does this mean for rural economies? Consider Cellars of Jasper Hill in Greensboro, Vermont. The Kehler brothers took their passion for dairy and founded a cheese making operation 10 years ago. Partnering with Vermont’s Community National Bank, USDA’s Business and Industry Loan Guarantee Program helped the company construct a 22,000-square-foot facility and expand its on-farm value-added cheese production. The project helped save 20 existing jobs and created 14 new ones in a town with fewer than 1,000 residents. Read more »

With More Than 3,000 Lender Partners, USDA Helps Rural Homebuyers Access Safe, Affordable Home Financing

A USDA Section 502 Home Loan Guarantee helped the Goetz family secure a bank loan on their rural Kansas home.

A USDA Section 502 Home Loan Guarantee helped the Goetz family secure a bank loan on their rural Kansas home.

In rural areas, financing a home can be difficult. There often aren’t as many lenders serving rural locations as there are in more densely populated parts of the country. Also, some rural lenders may require a larger down payment or a higher interest rate to secure a loan. Fortunately, USDA Rural Development partners with more than 3,000 housing lenders to make sure low- and moderate-income rural families have a chance to enter the housing market.

Through the Section 502 Guaranteed Housing Loan Program, USDA Rural Development backs loans made by approved lenders for the purchase, refinance, renovation, or repair of an owner-occupied residence. The USDA guarantee allows lenders to provide 100-percent financing on a safe, low-interest, 30-year mortgage. Read more »

USDA Direct Home Loan Helps Hard-working Single Mom Become a Homeowner

Tony Hernandez (left), Administrator for USDA Housing Programs, and Georgia Rural Development State Director Quinton Robinson congratulate Telisha Mack on her new home in recognition of National Homeownership Month.

Tony Hernandez (left), Administrator for USDA Housing Programs, and Georgia Rural Development State Director Quinton Robinson congratulate Telisha Mack on her new home in recognition of National Homeownership Month.

In 2011, Telisha Mack was ready to take the leap into homeownership.  She put mortgage applications at three different banks, but was not approved because she didn’t have a huge down payment or a co-signer. She lost her chance to purchase two different homes she liked.

As a single mother with three children while working a full-time job, Telisha managed to overcome a number of hurdles to obtain an Associate’s Degree in Accounting, a Bachelor’s Degree in Management, and a Master’s Degree in Human Resources. She maintained good credit and budgeted wisely. She knew she could overcome the hurdle of entering homeownership, but wasn’t sure exactly how or when. Then, she heard from a friend how USDA Rural Development helps families break into the housing market. Read more »

With USDA Housing Programs, 3.4 Million Rural Homebuyers Own Their Future

The Riggio family was able to purchase their home in Newville, Pennsylvania, with a loan from USDA Rural Development’s Self-Help Housing Loan Program.

The Riggio family was able to purchase their home in Newville, Pennsylvania, with a loan from USDA Rural Development’s Self-Help Housing Loan Program.

As we celebrate National Homeownership Month this June, I am reminded how USDA delivers positive outcomes ‘Every Day, Every Way’ through the comprehensive programs and services that touch the lives of every American. While many people think of USDA in terms of food, farms and forestry, nearly 3.4 million families over the past 65 years have found the affordable financing they needed to become homeowners through USDA Rural Development.

In 2013 alone, more than 170,000 rural residents became homeowners with the help of Rural Development’s direct loans, guaranteed loans, grants and technical assistance. In both people and dollars, 2013 was the most successful year on record in the history of USDA’s single-family housing programs. Read more »