Washington, DC, Apr 26, 2013 -- USDA Rural Development administers and manages more than 40 housing, business, and community programs through a network of 60 employees located in eight offices across the state. One of our primary goals this year is to increase partnerships with rural communities and leverage community resources in underrepresented & unrepresented groups with a strong presence on reservation areas.
“USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers,” said Elsie Meeks, Rural Development State Director. “We are working to build new partnerships to create jobs and improve the economic vitality of rural communities in South Dakota.”
Most business programs are available to serve rural areas and cities with a population of less than 50,000. Types of programs offered include:
• Guaranteed Business & Industry Loans (B&I)
Provides loan guarantees up to 80% for businesses to use for working capital, equipment, buildings and real estate.
• Rural Economic Development Loans/Grants (REDLG)
Provides capital for local rural power distributors to finance business start-ups, expansions and to establish revolving loan funds to promote job creation.
• Rural Business Enterprise Grants (RBEG)
Provides public and non-profit groups with capital to facilitate the development of small and emerging businesses.
• Intermediary Re-lending Program (IRP)
Provides capital to intermediaries who re-lend the funds to local recipients that promote rural business development.
• Renewable Energy Grants & Energy Efficiency Grants
Provides capital to private businesses involved in developing renewable energy sources and assists businesses in becoming more energy efficient.
• Rural Business Opportunity Grants (RBOG)
Provides capital for public and non-profit groups to provide technical assistance, training and strategic planning to improve local economic conditions.
• Value-Added Producer Grants
Provides assistance to independent agricultural producers and cooperatives in marketing and identifying and developing new business for local producers.
Housing programs assist families and individuals. Types of programs offered include:
• Single Family Housing Direct Loans (502)
Helps eligible rural families achieve the dream of homeownership through low interest mortgage loans originated and serviced by Rural Development.
• Single Family Housing Guaranteed Loans (502 Guaranteed)
Works with private lenders to help eligible families buy, build and finance homes with loans up to 100% of market value.
• Repair Loans and Grants (SFH 504)
Assists eligible homeowners in making needed health or safety repairs and to improve accessibility. Grants are designated for elderly homeowners.
• Rural Rental Housing Guaranteed (GRRH 538)
Creates financing incentives for lenders to develop or repair rental housing.
Community programs provide essential community infrastructure key to economic development, health, and safety. Programs include:
• Water and Waste Disposal Loans (WEP)
Water and Waste Disposal Grants
Promote health, safety and economic development by providing technical and financial assistance through direct and guaranteed low-interest loans, and financial assistance through direct and guaranteed low-interest loans, in partnership with private lenders, and grants for public and non-profit entities to develop, improve and repair water, sewer and storm drainage systems, These programs serve unincorporated areas and cities with a population less than 10,000.
• Community Facilities Loans (CF)
Community Facilities Grants
Provides technical and financial resources to public and non-profit entities to construct or improve essential services like education, healthcare and first responder facilities, vehicles and equipment. These programs serve unincorporated areas and cities with a population less than 20,000.
Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA Rural Development’s web site at www.rurdev.usda.gov.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $700 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.