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USDA, Habitat for Humanity and NCHFA Help Rural Residents

Name
Delane Johnson
City
Polkton
Release Date

Today homeownership is a reality for two families in Anson County.
   “This year, our celebration of National Homeownership Month will focus on some of the many organizations that have worked with us to help more than 1 million rural families and individuals realize their dreams of homeownership,” Randy Gore, State Director said.  “Homeownership helps rural areas support job retention and growth and helps neighborhoods build a sense of place and belonging,”
   Habitat for Humanity has partnered with USDA Rural Development and NC Housing Finance Agency (NCHFA) to assist the homebuyers to build and purchase their homes.  Habitat for Humanity requires that the homebuyers participate in building their own home by providing sweat equity. Financing for the homes is provided through the USDA Single Family Home Section 502 Direct Loan Program and NCHFA Down Payment Assistance Program.  Completion of homebuyer education/counseling training is also a requirement for the homebuyers.
   USDA Rural Development’s Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas.  Providing these affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.
  In addition to mortgage financing, USDA provides grants and loans to help rural homeowners make improvements or repairs, such as removing health and safety hazards or making accessibility modifications for people with disabilities.
  Since the Department’s single-family housing programs were created in 1949, USDA has helped more than 3 million rural residents become homeowners.
   USDA employees will celebrate National Homeownership Month throughout June with events across the nation that demonstrate the commitment to provide access to affordable housing for low- and moderate-income rural residents. To learn more about USDA’s observance of National Homeownership Month, please visit our Facebook  page or contact a Rural Development State Office near you.
   USDA Rural Development (#USDARD ) has helped 1.1 million rural residents buy homes since 2009; funded nearly 7,000 community facilities such as schools, public safety and health care facilities; and invested $31.3 billion in 963 electric projects that have financed more than 185,000 miles of transmission and distribution lines serving 4.6 million rural residents. USDA also has invested $11 billion to start or expand 103,000 rural businesses; and helped bring high-speed Internet access to nearly 6 million rural residents and businesses. For more information, visit www.usda.gov/results.