USDA Rural Development housing grants are used in communities of 20,000 or fewer people, according to the program’s state director Maxine Moul.
Moul says, “We were able to help more than 1,100 families in rural Nebraska get into new homes, either their first-time homes or a larger home for a growing family or a couple who is downsizing.”
She says eligibility for housing programs and funding is dependent on income, credit and repayment ability. Also, the property must be in a rural area. Moul says the success of these programs is due to the structure of the grants.
“This program is self-funded,” Moul says. “As people pay back their principal and interest, it allows us to issue new loans and we don’t have to wait for Congressional funding. This funding is there constantly.”
Moul says USDA Rural Development funding for Nebraska totaled $189-million, which includes business and industry, energy, loans and grants, and improvements to rural electric and distance learning programs.
By Jerry Oster, WNAX, Yankton