Department Promotes Resources and Opportunities to Help Rural Residents
STEVENS POINT, Wis., June 17, 2020 – U.S. Department of Agriculture (USDA) Rural Development Wisconsin State Director Frank Frassetto announced 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.
“Owning a home provides rural residents a safe environment where they can raise families, and it helps invigorate local rural economies that are vital to the long-term security and well-being of our nation,” Frassetto 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.”
In Fiscal Year 2019, Wisconsin USDA invested $239 million to help over 1,700 families and individuals buy a home. The state also provided more than $534,000 for home repairs for over 100 very low-income rural residents.
To assist current USDA borrowers facing hardships due to COVID-19, 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.
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/wi.
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