The public is invited to a meeting at the Norfolk City Council Chambers, 309 North 5th Street in Norfolk, Nebraska on June 21, 2017 at Noon. Please enter thru the door on the northwest side of the building. The meeting will focus on opportunities available for families and individuals to achieve the dream of homeownership. USDA Rural Development has approximately $120 million available in Nebraska to assist with meeting the housing needs in rural communities.
Expanding and preserving homeownership is an important foundation to the economy and provides stability in rural communities. Available housing is important in supporting employers in the community, provides a place “where jobs sleep” and allows families to live and raise their families in communities where they work.
State and federal partners, community officials, lenders, realtors, major employers, home builders and other housing partners will convene for the meeting. Families that are interested in living in rural communities and owning their own home or existing home owners that need assistance with home repairs should plan to attend.
USDA Rural Development will discuss programs that offer up to 100% financing for a home purchase. Financing is available with interest rates at 3.25% and below, and households may qualify for rates as low as 1%. NeighborhoodWorks will also speak on their programs available.
These affordable rates with no or a low down payment makes homeownership affordable and may be less than rent. Low interest rate loans at 1% are also available for home repairs for existing homeowners for very low income households. Grants are available for elderly households 62 years of age or older for home repairs that are unable to repay a loan.
For further information call NeighborWorks Northeast Nebraska Chief Executive Officer Roger Nadrchal at (402) 379-3311.