usda rural development. -- improving the quality of life -- increasing economic opportunity
TRANSCRIPT
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USDA Rural Development
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---- Improving the quality of life Improving the quality of life
-- Increasing economic opportunity-- Increasing economic opportunity
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What we offerWhat we offer• Financing for
– Community facilities– Water and sewer systems– Business development– Renewable Energy– Housing
• Loans, guaranteed loans, grants• Technical assistance• Service offered from offices
throughout the state• Experienced staff
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Community ProgramsCommunity ProgramsEnhance economic opportunities and quality of life for rural Texans Funding programs that create or improve telecommunicationscommunity facilities, and water and wastewater systems. In FY 2015- available funds - $69 million Community Facility funds $56 million Water and Waste funds $400 million Electric, Broadband and Telemedicine
• Community Facilities Loans, Grants and Guaranteed Loans • Water and Wastewater Disposal Direct Loans, Grants and Guaranteed Loans • Emergency Community Water Assistance Grants • Distance Learning & Telemedicine Loans & Grants • Broadband & Telecom Loans & Grants
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Community ProgramsCommunity ProgramsFacilities, equipment and related expenses
Health care – hospitals, clinics, nursing homes, group homes
Public buildings – courthouses, city hall, township buildings
Public safety – ambulances, fire trucks, fire stations, sirens
Infrastructure – sidewalks, streets, lighting, accessibility
Public services – libraries, child care, community centers
Communities up to 20,000 people
No maximum loan limits
Guarantees up to 90%
Combined financing options
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Community ProgramsCommunity Programs Utilities
• Water, waste and storm sewer systems– Communities with up to 10,000 people– Low interest rates – 40 year term– No loan limit– Extensive technical assistance
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Community ProgramsCommunity Programs Utilities
• Electricity– generation, transmission and distribution
• Telecommunication services– 911 service, digital switching, fiber optic, traditional systems
• Broadband• Distance learning• Telemedicine
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Create rural job opportunitiesFacilitate the development of rural businessImprove economic developmentIncrease the energy efficiency of rural businesses FY 2015 - available funds $62 million for guarantees $2.9 million for energy efficiency improvements
• Business & Industry Guaranteed Loans • Renewable Energy & Energy Efficiency Loans & Grants • Rural Business Development Grants • Value-Added Producer Grants • Intermediary Relending Program • Rural Economic Development Loans & Grants • Rural Cooperative Development Grants
Business ProgramsBusiness Programs
Young’s Greenhouse benefits directly from the Renewable Energy for America Program.
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Business ProgramsBusiness Programs
• Guaranteed Business Loans– Up to $25 million– Up to 80% of the loan– Long term fixed or variable interest rates– Extended repayment terms– Low fees– Secondary market options
We are your business partner
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Business ProgramsBusiness ProgramsFinancing for• Non-profits and public bodies - Revolving loan programs - Small business development
• Electric and telephone cooperatives- Rural economic development
• Ag producers and small business- Renewable energy and energy efficiency
• Ag producers and cooperatives-Value-added
- Small minority producers
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HousingHousing ProgramsProgramsEnsure rural community members have access to safe,
well built, affordable homes.
Funds can be used to build, renovate or repair a home
Fiscal Year 2014-over $800 million invested in rural Texas
Over 6,700 families became homeowners
• Rural Housing Guaranteed Loans
• Rural Housing Direct Loans
• Housing Repair Loans & Grants
• Multi-Family Housing Guaranteed Loans
• Multi-Family Rental Assistance
• Housing Preservation Grants
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Housing ProgramsHousing Programs100% financing for new and existing homes
• Guaranteed Home Loans– Work with local lenders– No monthly mortgage insurance– No maximum purchase price
• Direct Home Loans– Work with Rural Development– Low and very low income limits– Fixed below market interest rates
Not just for first time homebuyers
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Housing Programs• Home Repair Loans
– Very low income limits– $20,000 loan limit– 1% interest for 20 years
• Home Repair Grants– $7,500 lifetime limit– At least 62 and unable to repay a 1% loan– Repairs for health, safety and accessibility
Available for owner occupied homes
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Rural Development- Committed to the Future of Rural Communities
For more information on Rural Development Programs and local office contacts, visit:
http://www.rd.usda.gov/tx