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USDA funding available to help low-income individuals and families buy or repair homes

July 11, 2022 by Fillmore County Journal Leave a Comment

USDA Rural Development has funding availabile for very low- and low-income individuals and families seeking to purchase or repair a home in a rural area.

The Direct Home Loan program offers financing to qualified very-low and low-income applicants that are unable to qualify for traditional financing. No down payment is required, and the interest rate could be as low as one percent with a subsidy. Applicants must meet income and credit guidelines and demonstrate repayment ability. The program is available in rural communities of generally 35,000 people or less.

The maximum loan amount is $40,000 at a 1% interest rate, repayable for a 20-year term and can be used to improve or modernize homes and do essential repairs. Grants of up to $10,000 are available to homeowners 62 and older and must be used to remove health or safety hazards, such as fixing a leaking roof, installing indoor plumbing, or replacing a furnace.

Time is limited to receive funds for the current fiscal year. Contact a USDA Rural Development Housing Specialist in your area today, to see if you qualify. 

• USDA Rural Development, 1005 High Avenue NE, Willmar, Minn. 56201-2680, (320) 235-5612, ext. 4

• USDA Rural Development, 1810 30Th Street Nw, Suite 3, Faribault, Minn. 55021-1843, (507) 332-7418, ext. 4

• USDA Rural Development, 1424 E College Drive, Suite 500, Marshall, Minn. 56258-2090, (507) 537-1401, ext. 4

USDA Rural Development loans and grants provide assistance that supports infrastructure improvements; business development; housing; community services such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov/mn.

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FILLMORE COUNTY WEATHER

Fillmore County Journal - Your number one source for news and community information in Fillmore County Minnesota
Fillmore County Journal - Your number one source for news and community information in Fillmore County Minnesota
Fillmore County Journal - Your number one source for news and community information in Fillmore County Minnesota

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Contact Your Legislators

Governor - TIM WALZ
Office of the Governor
130 State Capital
75 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul, MN 55155

800-657-3717 | 651-201-3400
mn.gov/governor/

U.S. Representative - JIM HAGEDORN
District 1
hagedorn.house.gov

U.S. Senator - AMY KLOBUCHAR
www.klobuchar.senate.gov/public
507-288-5321 | 888-224-9043

U.S. Senator - TINA SMITH
www.smith.senate.gov
507-288-2003

State Representative - GREG DAVIDS
District 26B
651-296-9278
rep.greg.davids@house.mn

State Senator - JEREMY MILLER
District 28
651-296-5649
sen.jeremy.miller@senate.mn

Government this week

Monday, September 25

• Caledonia City Council, City Hall, 6 p.m.

• Caledonia School Board, Elementary School Room 162, 6 p.m.

• Spring Valley City Council, City Hall, 6 p.m.

• Rushford City Council, City Hall, 6:30 p.m.

• Chatfield City Council, City Hall, 7 p.m.

Tuesday, September 26

• Fillmore County Commissioners, Courthouse, 9 a.m.

• Houston County Commissioners, Courthouse, 9 a.m.

• Fillmore Central School Board,  High School, 6:30 p.m.

Monday, October 2

• City of Houston Planning Commission/EDA, City Hall,

5:30 p.m.

• Kingsland School Board, Work Session, Elementary Conference

  Room, 6 p.m.

• Lanesboro City Council, City Hall, 6 p.m.

• Preston City Council, City Hall, 6 p.m.

• LeRoy City Council, Community Center, 6:30 p.m.

*Schedule subject to change.

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