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Posts tagged: homeownership

Secretary Vilsack Announces Proposed Rule to Help Utilities Assist Home and Business Owners’ Energy Conservation Efforts

Agriculture Secretary Tom Vilsack spoke with constituents after his Investments in Rural Pennsylvania speech about the U.S. Department of Agriculture's (USDA) Rural Development (RD) Rural Utilities Service (RUS) Proposed Energy Efficiency Rule at the Alleghany Electric Cooperative, Inc. Pennsylvania Rural Electric Association in Harrisburg, PA on Tuesday, July 17, 2012. USDA photo by Bob Nichols.

Agriculture Secretary Tom Vilsack spoke with constituents after his Investments in Rural Pennsylvania speech about the U.S. Department of Agriculture's (USDA) Rural Development (RD) Rural Utilities Service (RUS) Proposed Energy Efficiency Rule at the Alleghany Electric Cooperative, Inc. Pennsylvania Rural Electric Association in Harrisburg, PA on Tuesday, July 17, 2012. USDA photo by Bob Nichols.

As Harrisburg, Penn., temperatures reached 93 degrees on Tuesday and continued to climb throughout the afternoon, it seemed an appropriate time for Secretary Tom Vilsack to announce a new proposed Federal Rule that could help rural homeowners and entrepreneurs save on their utility bills and create jobs in rural areas. The new energy efficiency effort will make federal loans available for rural electric cooperatives to re-lend to electric cooperative customers throughout America who want to make their homes and businesses more energy efficient. The partnership demonstrates a new “pathway to prosperity” according to Secretary Vilsack, and is “a reminder of President Obama’s commitment to stronger rural communities, a stronger rural economy, and strengthening rural values.” Read more »

A Pennsylvania Family Celebrates June Homeownership Month with USDA Officials

Pennsylvania Rural Development  State Director Tom Williams (far left) and Acting Administrator for Rural Business Services John Padalino (far right), celebrated National Homeownership Month with Rural Development Housing Loan Recipient Willie Hall and his family at their new  home in Chambersburg.

Pennsylvania Rural Development State Director Tom Williams (far left) and Acting Administrator for Rural Business Services John Padalino (far right), celebrated National Homeownership Month with Rural Development Housing Loan Recipient Willie Hall and his family at their new home in Chambersburg.

Willie Hall and his family are enjoying the American Dream and USDA Rural Development has been with him along the way. Willie was a tenant at Roxbury Ridge Apartments, a Rural Development Multi-Family Housing complex in Shippensburg for many years. He recently accepted a full time position and took the step forward from rental housing to homeownership with the help of a Rural Development Direct low interest home loan. Willie and his family of five are now settled into a 3-bedroom home in a quiet Chambersburg suburb. Read more »

Secretary’s Column: A Hand Up for Homeowners

Today the American economy is continuing to heal from the great recession. Unemployment rates are falling, and we’ve added private sector jobs for two straight years. That means more than 4 million Americans are back on the job.

At the U.S. Department of Agriculture, we’re focused on growing the economy in rural America and I am proud of what we’ve accomplished.

One important part of our work has been supporting homeowners who are getting back on their feet – and just recently, USDA was able to take a new step to help. Read more »

Relationships Can Make a World of Difference in a Home Owner’s Life

Home owner Clara High Elk (l) with Rural Development Area Specialist Paula Corcoran.

Home owner Clara High Elk (l) with Rural Development Area Specialist Paula Corcoran.

Home owner, Clara High Elk, Dupree, SD was thrilled to see the new fixtures installed in her bathroom.  Through a USDA Rural Development 504 Rural Housing Repair and Rehabilitation loan and grant, updates were made to the 90 year olds house to make the bathroom handicapped accessible, replace storm doors and fix broken windows. Read more »

Refinancing Program Could Help Thousands of USDA Home Mortgage Holders

L-R: Orlando Housing Authority President Vivian Bryant; Agriculture Secretary Tom Vilsack; Rural Development Florida State Director Richard Machek and Rural Development Florida Single Family Housing Program Director Daryl Cooper participated in a business roundtable in Orlando, Fla., last Friday.  They discussed discuss the USDA Rural Development Home Refinancing Pilot Program which is available to USDA borrowers in 19 states.

L-R: Orlando Housing Authority President Vivian Bryant; Agriculture Secretary Tom Vilsack; Rural Development Florida State Director Richard Machek and Rural Development Florida Single Family Housing Program Director Daryl Cooper participated in a business roundtable in Orlando, Fla., last Friday. They discussed the USDA Rural Development Home Refinancing Pilot Program which is available to USDA borrowers in 19 states.

When most people think of Orlando, Florida, they envision exciting theme parks, Cinderella’s castle and a mouse with big ears.  But when USDA Secretary Tom Vilsack visited Orlando on February 24th, it was with a different vision in mind. Read more »

Secretary Announces Refinancing Help for Rural USDA Home Loan Borrowers in Select States

Today, rural homeowners in 19 states across the nation are getting some much-needed and long-awaited help to cope with declining home values and a sluggish housing market.

Secretary Vilsack announced today a pilot program to help rural borrowers with loans made or guaranteed by USDA refinance their mortgages to reduce their monthly payments. This initiative is part of the president’s on- going efforts to help middle class families, create jobs, and strengthen the economy. Since the Obama Administration took office three years ago, Secretary Vilsack has worked closely with the White House to ensure that rural Americans continue to enjoy the many benefits of homeownership. Read more »