In an effort to continue to build stronger communities, USDA Rural Development is announcing that local residents may be eligible for the 504 Loan and Grant home repair program for loans and grants to very low-income homeowners to repair, improve, or modernize their dwellings or to remove health and safety hazards.
Local residents may be eligible for USDA Rural Development’s 504 Loan and Grant home repair program for loans and grants to very low-income homeowners to repair, improve, or modernize their dwellings or to remove health and safety hazards.
Wayne County families who earn up to $28,500 (family of four) may be eligible for the housing repair program. Grants up to $7,500 are available to homeowners who are 62 years of age or older. Loans up to $20,000 are also available for up to 20 years at a one percent interest rate for income-eligible borrowers. Contact Sharon Panunti at 570-836-5111 for additional information.
USDA remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today's announcement is one part of the Department's efforts to strengthen the rural economy. Rural Development’s funding continues to have a dramatic impact on rural communities across Pennsylvania. For additional information on RD projects, please visit Rural Development’s new interactive web map featuring program funding and success stories for fiscal years 2009-2011. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values.
Since taking office, the Obama Administration has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. The Administration has set goals of modernizing infrastructure by providing broadband access, expanding educational opportunities for students in rural areas and providing affordable health care. In the long term, these unparalleled rural investments will help ensure that America’s rural communities are repopulating, self-sustaining and thriving economically.
USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. For more information on Rural Development, visit www.rurdev.usda.gov.
Page 2 of 2 - USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration - the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $700 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.