|Aug 01, 2013 --
Outline Of Need:
Waju Marshall, his wife, Morjiana, and three other family members, live in a three bedroom, one bathroom house. However, their existing home needed repair and improvement work. Their roofing was not safe, the bathroom was not decent or sanitary, and plumbing to their kitchen sink leaked. The conditions of their home became hazardous, unsafe and unsanitary for his family to live in. The Marshall's could not obtain credit elsewhere due to high interest rates and short term repayment periods. They had lived and faced the hardship for over eight years.
How Rural Development Helped:
USDA Rural Development provides assistance to seniors on Majuro through the Rural Housing Service 504 Loan and Grant Programs. These programs allow eligible local residents to repair existing houses which have dangerous living conditions or which need improvements to facilitate access by residents with special needs.
On Majuro, Rural Development's 504 Loan and/or Grants are often the only assistance available to the very low income homeowners who cannot obtain needed financial assistance from local commercial banks.
The repairs to the Marshall's home were completed in August 2012 through a Single Family 504 Combination Loan of $7,490, and Grant of $7,500. Rural Development's assistance allowed the Marshall's to significantly improve his family's quality of life.
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