Homeownership

Achieving Homeownership Helps Rural Family Reduce Expenses

Sandra and Michael thought homeownership was beyond their reach. They never imagined it was not only possible but that they could reduce their housing expenses by buying a home.

They were living in a manufactured house with their three children and their dog. The home was built in the 1970s, before building codes were updated. It was poorly insulated, had a leak in the roof, and dry rot. They knew they needed to move. Sandra and Michael agreed they wanted to buy a house, but they didn’t see how they could afford it.

From Trailer House to New Home

Jose Mendez Echeverria, wife Eliana and two year old daughter Aitana resided in a trailer house for nine years in Crete, Neb.  They were ready to buy a home that had more space and comfort.  Crete has a lack of housing available creating an obstacle.  A friend of Jose told him about the Rural Development direct housing loan  program that helped him to purchase a home and gave Jose the contact information thus the homeownership process began.

USDA Recognizes Partnerships in Honor of National Homeownership Month

USDA Rural Development State Director for Kansas Lynne Hinrichsen today highlighted the partnerships that aid in the United States Department of Agriculture’s (USDA) ongoing efforts to assist individuals and families purchase affordable housing in rural communities.

“We have been celebrating National Homeownership Month by visiting with realtors, lenders, and homeowners across the state, and those partnership are helping thousands in rural Kansas achieve the dream of homeownership,” said Hinrichsen.  “Homeownership helps build strong rural communities throughout the state.”

USDA Celebrates National Homeownership Month

Acting Assistant to the Secretary for Rural Development Joel Baxley today kicked off National Homeownership Month by highlighting USDA’s ongoing role to help residents of America’s small towns and cities purchase homes in rural areas.

   “Homeownership provides a strong foundation for hard-working people to build household wealth and climb the ladder of prosperity,” Baxley said. “By helping rural Americans achieve the dream of homeownership, USDA is supporting benefits that extend far beyond the home, resulting in stronger, more prosperous rural communities.”

USDA Names Lammers Rural Housing Service Administrator

Acting Assistant to the Secretary for Rural Development Joel Baxley today announced the appointment of Bruce Lammers as the Administrator of Rural Development’s Rural Housing Service.

“Public-private partnerships are essential to increasing access to capital and building prosperity in rural America,” Baxley said. “Lammers has been a long-time leader in government-guaranteed lending, and this important perspective will help USDA Rural Development be a stronger, more innovative partner with private, community-focused lending institutions across the country.”

Pursuing Dreams through Partnerships

 

Yaramis (Yara) Ramos Hernandez a single mother from Cuba who recently achieved U.S. Citi-zenship last December. Responsible for both her 9 year-old daughter and elderly mother, Yara reached out to Pinnacle Bank, long-time lending partner of USDA Rural Development, to learn more about the process of purchasing a home and what options were available to her.

USDA Celebrates National Homeownership Month

Acting Assistant to the Secretary for Rural Development Joel Baxley today kicked off National Homeownership Month by highlighting USDA’s ongoing role to help residents of America’s small towns and cities purchase homes in rural areas.

“Homeownership provides a strong foundation for hard-working people to build household wealth and climb the ladder of prosperity,” Baxley said. “By helping rural Americans achieve the dream of homeownership, USDA is supporting benefits that extend far beyond the home, resulting in stronger, more prosperous rural communities.”

USDA Invites Public Comments on Proposal to Streamline Eligibility Rules for Single Family Housing Programs

The U.S. Department of Agriculture (USDA) Rural Development is seeking comments on a proposal to simplify income eligibility and asset rules for its Single Family Housing Programs nationwide.

A USDA pilot program that began in 2016 found that using a two-tier income eligibility structure resulted in increased homeownership opportunities for low-income families. Oregon is one of the states currently participating in this pilot program.