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USDA Rural Development

USDA Rural Development. BACKING THE BUSINESS OF RURAL AMERICA. USDA Rural Development’s Mission. Increase economic opportunity Create and maintain jobs Enhance quality of life in our rural communities. Building Your Community From the Ground Up.

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USDA Rural Development

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  1. USDA Rural Development BACKINGTHEBUSINESS OFRURALAMERICA

  2. USDA Rural Development’s Mission • Increase economic opportunity • Create and maintain jobs • Enhance quality of life in our rural communities

  3. Building Your Community From the Ground Up Business –growth and establishment of local businesses and cooperatives Community Facilities – programs and technical assistance for schools, health clinics and emergency response facilities Housing –homeownership and development of affordable rental housing

  4. Impact of Nebraska Rural Development $243 Million in Nebraska for FY10 (est.) - Business Programs – $82 Million - Community Programs – $77 Million - Housing Programs – $84.2 Million More than $1 Billion Invested in Nebraska Since 2000

  5. Guarantees Working for You Rebalance your customer’s balance sheet Better financing for building relationships Share the risk of expanded financial solutions Boost your lending limit to be more competitive

  6. Benefits of Rural Development B&I Guarantees Guarantees available up to $25 million Guarantee percentages up to 90% Affordable guarantee fee of 1-2% Some programs have minimal annual renewal/servicing fees Customary origination and servicing fees allowed Premium returns from secondary market $7.5 million loan approval in state

  7. Scottsbluff Area Office Brenda Darnell, Area Director Marla Marx, Area Specialist 818 Ferdinand Plaza, St. B Scottsbluff, NE 69361-4401 Phone : (308)632-2195 Rural Development Area Offices FY 2010 Norfolk Area Office Dale Wemhoff, Area Director Korey Young, Area Specialist 1909 Vicki Lane, Suite 103 Norfolk, NE 68701 Phone : (402)371-5350 Lincoln Office Roger Meeks, Area Director Jenny Nelson, Area Specialist 8000 S 15th Street, St. E Lincoln, NE 68512-9436 Phone : (402)423-9683 Boyd Keya Paha Dawes Knox Cedar Sheridan Brown Dixon Sioux Cherry Rock Holt Dakota Pierce Box Butte Antelope Wayne Thurston Scotts Bluff Blaine Wheeler Stan- ton Cuming Loup Madison Burt Grant Hooker Thomas Garfield Morrill Boone Garden Banner McPherson Platte Colfax Dodge Wash- ington Arthur Logan Valley Greeley Custer Nance Douglas Butler Saunders Kimball Cheyenne Keith Sherman Howard Merrick Polk Sarpy Deuel Lincoln Buffalo Cass Perkins Dawson Hall York Seward North Platte Sub Office Lory Cappel, Area Technician 1202 S. Cottonwood, Suite 3 North Platte, NE 69101 Phone : (308)534-2360 Hamilton Otoe Lancaster Saline Chase Frontier Clay Fillmore Hayes Gosper Phelps Kearney Adams Nemaha Johnson Red Willow Gage Dundy Hitchcock Furnas Franklin Webster Nuckolls Thayer Jefferson Richardson Harlan Pawnee State Office – Lincoln Business Program Director Deb Yocum, BP Energy Coord. Joan Scheel, BP Specialist Deborah Drbal, B&C Specialist Room 152, Federal Building 100 Centennial Mall N. Lincoln, NE 68508 Phone : (402)437-5559 Kearney Area Office Paul Bartlett, Area Director Kelley Messenger, Area Specialist 4009 6th Ave, Suite 1 Kearney, NE 68845-2386 Phone : (308)237-3118 Ainsworth Area Sub Office Mary Gambill, Area Specialist 731 E. 4th Ainsworth, NE 69210 Phone : (402) 387-2242

  8. USDARural Development The Guarantee Programs

  9. The Programs – Business & Industry (B&I)

  10. Business & Industry Success Story – • Transfer of ownership • Existing owner retained as employee to ensure success • Guarantee allowed bank to finance the deal • Extended terms provided benefit to borrowers • Retention of 3 employees

  11. The Programs – Energy

  12. Energy Success Story – Mr. J’s Affiliated Foods, Burwell • Energy Efficiency Improvements • Replacement of Freezers and Compressors • 62% Energy Savings • 8 Year Payback • Project Costs – $16,800 • Grant $3,200 • Bank Loan $13,600

  13. The Programs – Community Facilities (CF)

  14. Community Facility Success The Siouxland Y – Norm Waitt Sr. YMCA • Fitness Recreational Facility • Community Support • Expanded Services • Estimated Cost – $10.9 MM • -Guarantee $3.8MM • -Pledges & $7.1MM • Donations

  15. The Programs – Home Ownership

  16. Home Ownership Success Story –David & Karrie Huryta, Ravenna • Making Homeownership a REALITY • Teamwork Approach • City • Contractor • Lender • USDA Rural Development • Financing with USDA guarantee • Guarantee – $82,235

  17. The Programs – Rental Housing

  18. Rural Rental Housing Success Kelley Creek Apartments, McCook • 24 units • Assist low and moderate income families • Total project costs, $1.8MM • Guarantee of tax exempt bonds $928M • DED - Trust $459M • Tax Credits $260M • Owner $140M

  19. American Recovery and Reinvestment Act • Available Funds • Housing • 502 Direct • 502 Guaranteed (funding 100% utilized) • Community Programs • CF Direct Loan & Grant • Utilities • Broadband Investment Loans & Grants • Business Programs • Business & Industry--funding 100% used • Rural Business Enterprise Grants

  20. Meeting Your Needs! • $7.5 million in-state approval authorities • Quick approval turnaround • High loan limits • Local customer service BACKING THE BUSINESS OF RURAL AMERICA

  21. N Building Communities from the Ground Up

  22. USDA Rural Development http://www.rurdev.usda.gov/ne BACKINGTHEBUSINESS OFRURALAMERICA USDA Rural Development is an Equal Opportunity lender, Provider and Employer. Complaints of discrimination should be sent to USDA, Director, OCR, Washington, DC 20250-9410

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