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USDA Economic Stimulus Funding

March 4, 2009

 

USDA Secretary Tom Vilsack announced USDA will begin implementation a number of  projects  provided for  in the stimulus package. This package includes funding for housing loan guarantees and water and waste infrastructure.

  • USDA Rural Development Agency will initially provide nearly 10,000 rural families with $14.9 million ($1.17 billion in loan guarantees) for homeownership financing, creating or saving more than 5,000 jobs.

  • USDA Rural Development (RD) will also release funding for more than $400 million in pending applications for water and waste grants, and $140 million in pending applications for water and waste direct loans. RD expects nearly 13,000 jobs will be created by 400 water and wastewater projects.

This funding will give rural communities a boost!   USDA can be reached locally at 575-546-9291 or  575-388-1569.   USDA  loans are only offered in rural areas.    For more information click here.

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