Indianapolis, IN, Aug 26, 2013 -- USDA Rural Development has appointed Douglas Wright as Indiana’s Multi-Family Housing Program Director.
Douglas Wright has a Bachelor of Science in Business with a major in Finance and a minor in Economics. He began his career with USDA in October 1983 in the Greencastle County Office working with Single Family and Farm Program loans. He was transferred to the Danville Area Office in 1984 where he started working the Multi-Family Housing and Water Waste programs. In addition to Danville, he was also assigned to the Muncie, North Vernon, and Bloomfield Area Offices before being transferred to the State Office in 1986. He has been a Multi-Family Housing Specialist since 1987 and Multi-Family Housing Coordinator since March 2011.
USDA Rural Development Multi-Family Housing Programs offer Rural Rental Housing Loans to provide affordable multi-family rental housing for very low-, low-, and moderate-income families; the elderly; and persons with disabilities. This is primarily a direct mortgage program, but funds may also be used to buy and improve land and to provide necessary facilities such as water and waste disposal systems. Additionally, rental assistance subsidy is available to eligible families. Other Multi-Family Housing Programs include: Section 538 Guarantee, Farm Labor Housing, and Housing Preservation Grants.
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, 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.
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.
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