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USDA Rural Development

USDA Rural Development. Rural Housing Services: Community Facilities and Single Family Housing. Community Facilities. USDA Rural Development finances facilities essential to the quality of life in any rural community

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USDA Rural Development

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  1. USDA Rural Development Rural Housing Services: Community Facilities and Single Family Housing

  2. Community Facilities • USDA Rural Development finances facilities essential to the quality of life in any rural community • We offer loans, guaranteed loans, and grants to develop facilities in rural areas and towns of up to 20,000 in population

  3. Community Facilities • Funds can be used to: • Construct; • Enlarge; • Purchase; or • Improve community facilities. This can include costs to acquire land needed for a facility, pay necessary professional fees, and purchase equipment required for its operation

  4. Community Facilities • Examples of Essential Community Facilities: • HEALTH CARE – Clinics, ambulatory care centers, hospitals, rehabilitation centers, nursing homes • EDUCATION – Schools, school buses, Headstart centers, pre-schools, child care centers, college classrooms and dormitories • PUBLIC SAFETY – Communications centers, police and fire stations, fire trucks, rescue vehicles, jails • PUBLIC SERVICES – Adult day care centers, city halls, courthouses, community centers, homeless shelters, domestic abuse centers, food banks, airports, garages, off-street parking, sidewalks, street improvements, libraries, museums, fairgrounds, animal shelters

  5. Community Facilities • Who May Apply? • Loans, grants, and guarantees are available to public entities such as municipalities, counties, and special-purpose districts, as well as to nonprofit corporations and tribal governments • In addition, applicants must have the legal authority to borrow and repay loans, to pledge security for loans, and to construct, operate, and maintain the facilities

  6. Community Facilities • Other information: • Terms • Interest Rate • Grant Ratio • Security • Application Process

  7. Single Family Housing • DIRECT SINGLE FAMILY HOUSING LOANS • The program offers home loans to lower income individuals who are unable to obtain credit elsewhere, with interest rates as low as 1% - and no down payment • Loans are made to dwellings located in eligible rural areas (visit: www.rurdev.usda.gov) • The standard term for a loan is 33 years for most borrowers; however, it can be extended to 38 years • Applications are made directly with a Rural Development Area Office

  8. Single Family Housing • GUARANTEED RURAL HOUSING LOANS • Loans are made to purchase new or existing single-family dwelling or to finance construction • Closing costs & guarantee fees can also be financed • 30 year term/fixed interest rate • Up to 100% of appraised property value plus the guarantee fee (2% of loan amount and .4% annual maintenance fee) • Applications are made directly with authorized lenders

  9. Single Family Housing • HOME REPAIRS LOANS AND GRANTS • The program allows income eligible rural homeowners with very low income to repair or improve a home, making it safe and sanitary, by removing health and safety hazards • Loans have a 1% interest rate, have a $20,000 limit, and have a maximum term of 20 years • Grants are available exclusively to rural senior aged 62 or older and have a $7,500 limit • Funds cannot be used to assist in new construction or to pay for off-site improvements • Applications are made directly with a Rural Development Area Office

  10. CONTACT US • Visit the PA Website: www.rurdev.usda.gov/PA • Community Facilities Program Line: (717) 237-2199 • Housing Program Line: (717) 237-2186 Lilian Lipton, Loan Specialist (717) 237-2285 or lilian.lipton@pa.usda.gov

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