(U.S. Department of Agriculture) USDA Deputy Under Secretary for Rural Development Justin Maxson today announced that the department is accepting applications for loan guarantees and grants for renewable energy systems; and to make energy efficiency improvements, conduct energy audits and provide development assistance.
Funds are being made available under the Rural Energy for America Program (REAP). USDA is seeking applications for Fiscal Year 2022 funding. The deadlines to apply for grants are Oct. 31, 2021, and March 31, 2022. Applications for technical assistance grants are due Jan. 31, 2022. Applications for loan guarantees are accepted year-round.
Agricultural producers and rural small businesses are eligible applicants for loan guarantees and grants for renewable energy systems and to make energy efficiency improvements. State and local governments, federally-recognized tribes, land-grant colleges or universities or other institutions of higher education, rural electric co
Single-family housing borrowers get some much needed relief from the USDA
July 26, 2021
DELMARVA – Another part of the announcement on Monday from the U.S. Department of Agriculture and Rural Development; they are extending COVID-19 relief for Single-Family housing borrowers.
We’re told this special relief measure provides new alternatives for borrowers to help them achieve up to a 20% percent reduction in their monthly principal and interest payments.
Now there will be new options for home buyers including interest rate reduction, term extension, and a mortgage recovery advance. The USDA tells 47 ABC, these relief measures will help make sure families have a better chance of getting into a home, and staying in their home; something they believe is essential. “It’s really rewarding to see that they don’t have to live in places that are dangerous, that these are safe affordable housing that we provide,” says Scott Kessel, Acting State Director for USDA and Rural Develo
Many rural counties in the United States face the dual challenges of lagging economic growth and increasingly severe effects of climate change. While urban areas are not uniformly prosperous and rural areas are not uniformly poor, rural communities on average lag behind their urban counterparts on most key economic indicators from poverty rates to labor force participation. Rural areas represent 86% of persistent poverty counties in the U.S., while over 50% of rural Black residents live in economically distressed counties.
These challenges have been intensified by economic losses from the COVID-19 pandemic, which has exacerbated existing inequalities and highlighted urgent infrastructure needs. At the same time, catastrophic wildfires, record heatwaves, drought and other severe weather events linked to climate change threaten rural communities and livelihoods.
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