USDA Logo Rural Development Logo USDA Rural Development Main Masthead
SpacerHomeDividerAbout RDDividerNewsroomDividerAgencies & OfficesDividerPrograms & OpportunitiesDividerHelpDividerContact UsDividerEn Español
Search RD
Browse by Audience
Browse by Subject
Community Development
Technical Assistance
Forms and Publications
Regulations and Guidance
Online Services
Left Navigation Menu Bottom
News Release
Release No. STELPRD4010503
ContactDavid Glasgow615-783-1300
Josh Clendenen615-783-1300
Printable Version  Printable Version
The Nashville Area Habitat for Humanity is an organization that is assisting some of the residents affected by the floods repair their homes

NASHVILLE, Tenn., Oct 28, 2010 -- NASHVILLE, Tenn., October 28, 2010 – Some Residents of Middle Tennessee are still reeling from the floods that ravaged the area in May of this year. Many homes are still in need of repairs to make them safe for residents to live in again.

The Nashville Area Habitat for Humanity is an organization that is assisting some of the residents affected by the floods repair their homes. USDA Rural Development has partnered with Habitat to assist those residents through the Housing Preservation Grant program.

Rural Development Area Director Chris Westbrook recently announced a $69,449 grant to rehabilitate homes in Dickson County that were affected by the floods. The grant will be combined with $1,530 in funds from Habitat and $30,600 from volunteers, for a total investment of $101,577 in assistance for residents of Dickson County.

"As Middle Tennessee continues to recover from the May 2010 flood, significant needs remain, especially for very low- and low-income homeowners in rural areas," said Nashville Area Habitat President Danny Herron. "We are grateful to USDA’s Housing Preservation Grant program for providing funds that will allow us to extend our ReConstruct program to Dickson County to help homeowners."

Homeowners looking to alleviate unsafe conditions, make repairs, or add needed space may be eligible for an RD home-repair loan. The interest rate on these loans is fixed at one-percent and payments may be spread over as much as 20 years to keep the monthly payments affordable.

Rural Development (RD) home loans may be made without a down payment and eligible applicants may qualify for financing up to 100 percent of the appraised value. Depending on an applicant’s income, monthly payments may be based on an interest rate as low as one percent. Loans are typically made for 33 years at a fixed interest rate with a maximum loan amount of $157,400 in Dickson County.

Eligibility for federal home loan programs is based on family income and varies by county. For example, a four person household living in Dickson County with an adjusted income up to $52,150 may qualify for a low-interest home loan. Rural Development staff will help applicants calculate their adjusted household income and complete the application process.

USDA Rural Development invests in jobs, infrastructure, homeownership and affordable rental housing in rural communities. With supplemental funding through the Recovery Act, the agency assisted more than 1.5 million Tennessee families and businesses with more than $1.3 billion in financial assistance through affordable loans, loan guarantees and grants. More than 86 percent of these investments will be paid back with interest. The rest is at work creating jobs, broadening the local tax base and increasing opportunities in education, training, healthcare and public safety.

For more information on Rural Development programs contact the Rural Development Area Office in Nashville at 615-783-1359, toll free at 1-800-342-3149 ext. 1359 or visit us online at ㋰§Ⓦ〣"


USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write USDA,

Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410,

or call (800) 795-3272 TDD (615) 783-1397.

Last Modified:03/23/2012 
Footer Corner
RD Home | | Site Map | Policies and Links
FOIA | Accessibility Statement | Privacy Policy | Non-Discrimination Statement | Information Quality | FirstGov | White House