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Posts tagged: Guaranteed Loan Program

USDA, Habitat for Humanity Collaborate to Help Rural Virginians Find a Place to Call Home

Deputy Secretary Krysta Harden, Hanover Habitat Executive Director Tim Bowring, Rural Development State Director Basil Gooden, Rural Development Housing Director for Virginia Anne Herring tour energy efficient homes constructed through a new partnership between USDA and The Hanover County Chapter of Habitat for Humanity.

Deputy Secretary Krysta Harden, Hanover Habitat Executive Director Tim Bowring, Rural Development State Director Basil Gooden, Rural Development Housing Director for Virginia Anne Herring tour energy efficient homes constructed through a new partnership between USDA and The Hanover County Chapter of Habitat for Humanity.

USDA Rural Development and The Hanover County Chapter of Habitat for Humanity are thinking outside of the box with their new partnership in Virginia. By working together, USDA Rural Development and Habitat for Humanity are able to provide mortgage assistance to low and very low-income rural families. Earlier this month, Agriculture Deputy Secretary Krysta Harden visited Bailey Woods, the first-ever Habitat Development in this area, as part of USDA’s celebration of National Homeownership Month.

Every year, rural families rely on USDA Rural Development’s direct and guaranteed home loans to provide an affordable opportunity to become homeowners. Bailey Woods will provide building lots for eight new houses and a renovation of one. These homes range from 1,500 to 1,700 square feet and feature many energy efficient features, such as ceiling fans, high insulation, and high efficiency heat pumps. These cost reducing systems will provide families in rural areas such as Hanover County the opportunity to purchase a home, while maintaining low operating costs. Read more »

The Heart and Soul of USDA Rural Development’s Business – Cooperative Programs is the Business and Industry (B&I) Guaranteed Loan Program

Congressman Leonard Boswell; Judy Canales, USDA Rural Business Programs Administrator; and Bill Menner, USDA Rural Development State Director in Iowa (Next to Canales on Right), listen to Pat Weiler (left) as he talks about upcoming changes at Weiler's manufacturing facility.

Congressman Leonard Boswell; Judy Canales, USDA Rural Business Programs Administrator; and Bill Menner, USDA Rural Development State Director in Iowa (Next to Canales on Right), listen to Pat Weiler (left) as he talks about upcoming changes at Weiler's manufacturing facility.

During the past year, nearly $3 billion in guaranteed loans were issued through The USDA Business and Industry Guaranteed Loan Program to lenders across the country as they worked with local businesses to help create jobs in rural America.

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