News Release
Release No.STELPRD4016838
ContactDawn Knepp717-237-2286
(6/21/12) USDA CELEBRATES NATIONAL HOMEOWNERSHIP MONTH IN OXFORD, PA
Opportunities Available For Homeowners to Secure Lower Mortgage Rates
Oxford, PA, Jun 21, 2012 --

@@Contact: Dawn Knepp (717) 237-2286

USDA Celebrates National Homeownership Month in Oxford, PA

Opportunities Available For Homeowners to Secure Lower Mortgage Rates

OXFORD, June 21, 2012 –USDA Rural Development celebrated National Homeownership Month in Pennsylvania and reminded rural residents of opportunities to purchase or refinance homes in rural areas.

“This is a great time to buy a home,” said USDA Rural Development Pennsylvania State Director Thomas Williams. “Interest rates are at or near record lows, and housing prices are more affordable than they’ve been in nearly a generation. The Obama Administration housing’s policies are helping to strengthen rural communities and driving the nation’s ongoing economic recovery forward.”

National Homeownership Month is celebrated every year in June. Throughout the month, USDA will hold events to highlight the ways Rural Development programs provide affordable homeownership opportunities.

“Today we’re recognizing Guillermo Rivera with The Alliance for Better Housing for his tireless efforts to secure mortgages for low income homebuyers through Rural Development’s 502 Direct Home Mortgage Program,” said Williams. “Through this loan program, Mr. Rivera has been able to assist many families with the transition from renter to homeowner.”

The award was presented to Mr. Rivera at “Copperfield at Oxford”, a charming townhome community in the borough of Oxford where many families have purchased homes utilizing the 502 Direct Loan program.

USDA also provides loans and grant funds to help rural homeowners repair their homes and to assist affordable rural rental property owners repair their properties. The Secretary announced last month that USDA is accepting grant applications from qualified organizations for repairs, health, safety and accessibility improvements. The application deadline is June 25. For information on how to apply, please see page 27179 of the May 9, 2012 Federal Register.

Owning a home is the American Dream. For more than 60 years, USDA has helped rural residents realize this dream through guaranteed (by lender partners) and direct loans. USDA Rural Development has funds available now through the Single Family Housing Direct Loan program to help low-income rural families become homeowners.  Interested parties should contact the nearest USDA Rural Development office.  A list of these offices is available at http://www.rurdev.usda.gov/StateOfficeAddresses.html.

Since taking office, President Obama’s Administration has taken historic steps to improve the lives of rural Americans, put people back to work and build thriving economies in rural communities. From proposing the American Jobs Act to establishing the first-ever White House Rural Council – chaired by Agriculture Secretary Tom Vilsack – the President is committed to using Federal resources more efficiently to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.

USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure programs through a national network of state and local offices.  Rural Development has an active portfolio of more than $165 billion in affordable loans and loan guarantees.  These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. 

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