USDA Investing $3.7 Million to Repair Rural Housing

Filed in Capitol Hill, Construction Industry, Remodelers by on November 17, 2015 0 Comments

ruralhousingAgriculture Secretary Tom Vilsack recently announced that the U.S. Department of Agriculture (USDA) is investing $3.7 million to help rural families repair and rehabilitate their homes. The funds are being awarded through the Housing Preservation Grant (HPG) program in 46 states and the Commonwealth of Puerto Rico to support the renovation of 1,147 units.

Vilsack said in a press release that the program annually provides these grants to ensure that properties are in compliance with health and safety codes and to help home owners lower their maintenance costs through energy efficiency and weatherization improvements.

The USDA funnels the financing through local governments, public agencies, federally recognized Indian Tribes, non-profit organizations and faith-based and community groups, which in turn distribute funds to individual home owners, as well as to owners of multifamily rental properties or cooperative dwellings who rent to low- and very low-income residents.

The grant application period for fiscal year 2015 closed in July, but the HPG program is likely to begin accepting applications for fiscal year 2016 in December or January, according to a USDA spokeswoman.

Since the start of the Obama Administration, USDA has allotted nearly $47 million in grants, allowing for the repair and rehabilitation of more than 12,000 homes and apartments in rural communities.

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