Joplin, MO, Oct 11, 2012 -- Deputy Under Secretary Doug O’Brien and Missouri Rural Development State Director Janie Dunning hosted an event in Joplin, Missouri today on the campus of Missouri Southern State University. The event celebrated the success of the recovery efforts from the devastating tornado experienced by the community on May 22, 2011.
During the event, Deputy Under Secretary O’Brien announced the extension of the Guaranteed Rural Housing (GRH) Loan population waiver to September 30, 2013. A review will be conducted prior to expiration of the waiver to determine if a further extension is warranted. The population waiver allows eligible applicants to apply for loans to purchase an existing home or secure funds to construct a home throughout Jasper and Newton Counties.
Deputy Under Secretary O’Brien and State Director Dunning recognized several contributing local partners involved in recovery efforts or participating in Rural Development programs available in the community. Those partners recognized were Guaranteed Housing lenders Arvest Bank and Community Bank and Trust; Guaranteed Housing borrowers and homeowners Wade and Kelsey Harper; Business and Industry Guaranteed borrower Pioneer Warehouse and Logistics; Incorporated; Business and Industry Guaranteed lender Hometown Bank and multi-family housing development and management company Red-wood Development, Incorporated. Following the event, Deputy Under Secretary O’Brien and State Director Dunning toured the Harper residence, Pioneer Warehouse and Logistics, Incorporated’s facilities and Red-wood Development, Incorporated’s offices
State Director Dunning said, “The City of Joplin, along with Jasper and Newton Counties, has worked diligently to repair the damage done by the tornado. Community members and partners have faced the challenges of disaster recovery with determination and tenacity. It is an honor to be able to recognize these efforts and witness first-hand what can be accomplished through cooperation and coordination. The waiver extension will allow recovery to continue by providing another means to homeownership. Rural Development is proud to be a partner.”
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources 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 $172 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 America. For further information about Rural Development programs in Missouri visit the website at: http://www.rurdev.usda.gov/mo.
For information on other RD projects, please visit Rural Development’s new interactive web map at: http://www.rurdev.usda.gov/RDSuccessStories.html. The map features program funding and success stories for fiscal years 2009-2011.
Anyone seeking more information about USDA Rural Development programs may visit the homepage at http://www.rurdev.usda.gov/mo/. Information about homeownership through the Guaranteed Rural Housing Loan program may visit http://www.rurdev.usda.gov/MO-grhpage.html or by contacting Pam Anglin, Housing Program Director, at Pamela.email@example.com or calling (573) 876-0990. Business program information can be obtained by contacting Matt Moore, Business Program Director, at firstname.lastname@example.org or calling (573) 876-0976.
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