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USDA-Rural Development Alaska Announces Availability of Rural Home Repair Loans

Name
Larry Yerich
City
Anchorage
Release Date
Feb 26, 2015

U.S. Department of Agriculture-Rural Development (USDA-RD) Alaska State Director Jim Nordlund today announced USDA-RD has loans and grants available for rural home repairs.  The funding comes through USDA-RD’s Section 504 Single Family Housing Repair Loans & Grants Program.  Applications for the Section 504 Program are accepted year-round.

"The 504 Program helps very low income families and individuals who currently own their home, to remove health and safety hazards or make essential home repairs.  Such repairs can include, repair or replacement of a roof, winterizing, purchase or repair of heating system, structural repair, electrical, water and sewer repair and to provide accessibility for those with disabilities," said Nordlund.

For example, a $27,500 504 Loan & Grant Combination was given to homeowners in Fairbanks in the summer of 2014. The 504 Program provided a brand new roof for their home. The project included full replacement of all trusses, installation of fascia, sub fascia, plywood soffits, roofing shingles, and all associated insulation. This project added value, life, structural integrity, and energy efficiency to the home ensuring better quality of life and health and safety to its occupants.

For more information on the Section 504 Program, please contact the USDA-RD office in your area:

• In Mat-Su Valley, call: (907) 761-7705
• In Kenai/Kodiak, call: (907) 283-6640
• In Southeast Alaska, call: (907) 747-3506
• In Western Alaska, call: (907) 271-2424, Ext. 102
• In Interior Alaska, call: (907) 479-4362

Since 2009, USDA-Rural Development has invested over $1.5 billion in more than 200 rural Alaskan communities.  These investments in housing, community facilities, business, energy, telecom and electric have helped to grow rural Alaska’s economy and enhance the quality of life for its residents.