DES MOINES, June 1, 2020 – U.S. Department of Agriculture (USDA) Rural Development Deputy Under Secretary Bette Brand today kicked off National Homeownership Month by highlighting USDA’s ongoing role in supporting rural homeownership. President Trump issued a proclamation on May 29 recognizing June as National Homeownership Month.
“Rural communities are rising to the challenge put forth by the coronavirus pandemic,” Brand said. “Under the leadership of President Trump and Agriculture Secretary Perdue, USDA is committed to being a strong partner in building prosperity in rural communities and for the people who call them home – especially those impacted by the COVID-19 pandemic.”
To assist homeowners facing current hardships, USDA is offering payment moratoriums and modified application processes. USDA Rural Development is also working with new borrowers and their lenders to make special accommodations based on local needs and restrictions. For the most up-to-date information on Rural Development’s response to COVID-19, visit rd.usda.gov/coronavirus. Updates are also distributed via Twitter @usdaRD.
In Iowa, USDA invested $162.4 million to help over 1,267 families and individuals buy a home. The state also provided $543,441 for home repairs for 107 very low-income rural residents.
“Secure, affordable homeownership serves as a down payment on the future growth, stability and success of rural communities,” said Grant Menke, State Director of USDA Rural Development in Iowa. “USDA Housing Programs help open doors for rural Americans looking to buy, build, or repair a home. As we highlight National Homeownership Month, our USDA Rural Development team stands ready to assist rural Iowans in achieving their homeownership dreams during the month of June and beyond.”
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; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov.
If you’d like to subscribe to updates from USDA Rural Development, visit our GovDelivery subscriber page.
USDA is an equal opportunity provider, employer and lender.