Received this press release from Acting Deputy Undersecretary for Rural Development on National Home Ownership Month. I am a huge fan of the USDA Rural Development loan program which offers 100% financing for buyers in areas determined as “rural.” For example, a rule of thumb, is that anything north of 36 in Delaware County is eligible but always ask when looking at homes. Only two counties – Franklin and Summit – have no areas that are eligible for the rural development program.
USDA Celebrates National Homeownership Month
Events across the Nation to Spotlight Efforts to Help Rural Americans Buy Homes
Acting Deputy Undersecretary for Rural Development Roger Glendenning today kicked off National Homeownership Month to celebrate the vital contribution homeowners have made to communities across rural America.
“Owning a home provides rural residents a secure environment where they can raise families, and it helps invigorate local rural economies that are vital to the long-term security and well-being of our nation,” Glendenning said. “Homeownership fortifies communities, creates jobs and strengthens the local businesses that support our towns.”
USDA provides mortgage loan guarantees through partnerships with private-sector lenders to help low- to moderate-income rural homebuyers. In 2016 alone, USDA worked with nearly 1,500 lenders to help 116,000 rural individuals and families buy homes.
USDA has helped more than 4.1 million rural residents buy homes since the National Housing Act was passed 68 years ago.
Department of Agriculture employees will celebrate National Homeownership Month throughout June with events across the nation that demonstrate the Department’s longstanding commitment to provide affordable housing opportunities for rural Americans. To learn more about USDA’s observance of National Homeownership Month, please visit our Facebook page, follow @USDARD on Twitter, contact a USDA Rural Development State Office near you, or call (800) 670-6553.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; homeownership; community services such as schools, public safety and healthcare; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov.
FEATURED IMAGE CAPTION
Tony Hernandez, Administrator U.S. Department of Agriculture, Rural Housing Service makes remarks at the Champion of Rural Housing, Homeownership Month 2016 at the USDA, in Washington, DC on Tuesday, June 14, 2016. USDA photo by Steve Thompson.