Albuquerque, Jul 14, 2011 -- USDA Rural Development State Director Terry Brunner was in Silver City, New Mexico today to wrap up the 2011 National Homeownership Month celebration.
This year’s National Homeownership Month’s theme was “Rural Housing/Rural Jobs” and events such as the one in Silver City focused on housing’s role in creating jobs and stimulating economic activity. In fiscal year 2010, USDA Rural Development awarded $79.3 million in loans and grants in 10 housing programs which directly affected over 11,400 rural residents in New Mexico.
Today’s ceremony was held at the Casa Linda Apartment Complex to celebrate the recent completion of the $1.8 million renovation of the facility.
During the ceremony, Brunner said, “USDA Rural Development is committed to helping families in rural New Mexico reach their dream of homeownership – the cornerstone of a strong community. Brunner added, “Often the ‘American Dream of Homeownership’ begins with first living in an apartment.” “That’s why” he added, “It is so gratifying to hear the heartwarming and powerful stories of our clients when they receive those keys to their home.”
Today’s celebration began with a plaque presentation to the family of late W.E. “Butch” Medlock which owns the facility. The plaque was given to Mrs. Kaye Medlock as a posthumous award for Mr. Medlock’s life-long work to provide rental housing to low income families at five apartment complexes in New Mexico. After the presentation, a ribbon was cut to dedicate the newly remodeled apartment complex.
The $1.8 million remodeling project at the Casa Linda Apartment Complex included: concrete work, rough carpentry, replacement of roofs, windows, cabinets, appliances, furnaces, air conditioning, and general site improvements.
National Homeownership Month celebration began in 1997 as a challenge to increase the number of homeowners throughout the United States. Government studies have shown that homeownership is a key element in the nation’s economy with the housing industry accounting for about 15 percent of the gross domestic product (GDP) in a typical year. Studies also show that neighborhoods are strengthened when there is a higher percentage of homeownership. Homeowners are proven to be more active in their neighborhoods, they contribute more to their communities and a more stable environment for families is created.
It is also believed that without a strong business environment, the possibility of buying a home is very difficult. Outreach activity conducted by Rural Development during the month of June focuses on one-on-one visits with small business owners to explain the various business programs offered by USDA Rural Development for the development and expansion of small businesses in rural New Mexico.
Those interested in getting more information on a home loan or to remodel and upgrade their home or to get financing to expand or create a business should contact the nearest Rural Development office:
• Aztec 505-334-3090 Extension 4
• Las Cruces 575-522-8775 Extension 4
• Las Vegas 505-425-3594 Extension 4
• Los Lunas 505-865-4643 Extension 4
• Roswell 575-622-8745 Extension 4
USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development fosters growth in homeownership, finances business development, and supports the creation of critical community and technology infrastructure. Further information on rural programs is available at any local USDA Rural Development office or by visiting USDA Rural Development’s web site at http://www.rurdev.usda.gov