Sisseton, SD, Jun 20, 2012 -- United States Department of Agriculture (USDA) Rural Development Native American Coordinator Tedd Buelow joined South Dakota USDA Rural Development Rural Housing Director Roger Hazuka and staff at the Sisseton-Wahpeton Oyate Homebuyers Fair in Sisseton to remind rural residents of opportunities to purchase or refinance homes in rural areas.
“Housing plays such an important role in job creation, contributes to the local economy and assists with making a community viable,” Buelow said. “Housing is a basic human need and provides families with a greater sense of security and stability. The Obama Administration’s housing policies are helping to strengthen rural communities and driving the nation’s ongoing economic recovery forward. ”
In addition to attending the Homebuyers Fair, a site tour through the reservation included stops at Barker Hill – development site; Head Start building; Dakota Western Bank; Sisseton-Wahpeton Oyate C Store; Lake Traverse Utility Commission (LTUC); Sisseton-Wahpeton Oyate community building; Sisseton-Wahpeton Oyate Credit Union; new administration building construction site; TZ School – K-12; Sisseton-Whapeton College; Indian Health Service housing site; Sisseton-Whapeton Housing Authority administration building; multi-family housing 515 unit; Long Hollow – development site; Dakota Magic site; and Lake Traverse site. Rural Development has invested $62,763,800 in these projects and has been a strong partner working collaboratively with the Tribe and individual entities contributing to the economic growth, modernizing the infrastructure, creating and saving jobs.
During the tour, Buelow announced that the Sisseton Wahpeton Oyate will receive a rural business enterprise grant (RBEG) in the amount of $300,000 to set-up a revolving loan fund and technical assistance to small and emerging private businesses.
National Homeownership Month is celebrated every year in June. Throughout the month, USDA highlights ways Rural Development programs provide affordable homeownership opportunities. Rural Development has programs to help people refinance as well as buy homes.
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.
Since the start of the Obama Administration, USDA has helped more than 520,000 rural families buy a home.
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 and facility programs through a national network of state and local offices. Rural Development has an active portfolio of more than $170 billion in 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 areas.