USDA Rural Development employees join Mutual Self-Help Program participant Michelle Mosely for a break from installing floor beams to Michelle’s future home.
A stormy sky didn’t dampen spirits as a crew of us from USDA Rural Development’s national headquarters celebrated National Homeownership Month by helping Mutual Self-Help Housing Program participants build their own homes in Lincoln, DE.
USDA Rural Development’s Self-Help Housing Program offers families with modest means a hands-on approach to achieve homeownership. Groups of families work side-by-side on nights and weekends to construct their homes, and no one moves in until all the houses are completed. Read more »
Maria and Ignacio Gordillo of Reedley, Calif., helped build their house last year through USDA’s Mutual Self-Help Housing Loan Program. More than 50,000 rural families have become homeowners using their “sweat equity” as a down payment on an affordable USDA mortgage.
More than 50,000 rural families have become homeowners using their “sweat equity” as their down payment on an affordable USDA mortgage.
What is “sweat equity?” These families have helped build their own homes and provided most of the construction labor with guidance from a qualified construction supervisor through USDA’s Mutual Self-Help Housing Loan Program. The “sweat equity” — the savings in labor costs — reduced the amount of the home loan and made the monthly payments affordable.
June is National Homeownership Month. USDA is celebrating the self-help program and the 50,000+ rural families who have invested in a home of their own through self-help housing. Read more »
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 »
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 »
In June, Tammye Treviño, Administrator for Rural Housing and Community Facilities, traveled to Sitka and Ketchikan, Alaska for National Homeownership Month and discussions with community leaders on the intent of the USDA StrikeForce initiative in Southeast Alaska.
Ms. Treviño also took time in Sitka to visit the historic Sheldon Jackson College campus, a private Christian liberal arts college that was an historic Alaska Native trade school in its inception in the 1800’s. The college stopped operating several years ago. On the campus are two facilities, a student center and a day care center, funded through USDA Rural Development’s Community Facilities program. With the college closure, its board of trustees elected to transfer the entire remaining campus over to popular and growing fine arts nonprofit – Alaska Arts Southeast, Inc. Read more »
New Mexico USDA Rural Development State Director Terry Brunner (r) presents a certificate of congratulations to Sandra and Miguel Duarte. The presentation was made during National Homeownership Month event in Sunland Park to honor the Durate family for becoming new homeowners. USDA photo.
During their seven years of marriage, Miguel and Sandra Duarte and their two children became tired of living in an apartment. Then one hot summer day in 2012, Mr. Duarte, a surveyor, found himself working on a housing subdivision in Sunland Park, New Mexico on the Mexican border. That’s when he asked his boss, “I wonder if I could buy one of these homes?”
Soon he was in the Las Cruces, New Mexico USDA Rural Development office talking with housing staff about homeownership. After qualifying for a Rural Development direct home loan the construction of the Duarte home soon began. As soon as the final electric connection is made to the house the Durate’s will move into their new home later this month. Read more »