|
|
For Immediate Release – August 6, 2003
Contact - Harold Alford (785) 271-2701
USDA Rural Development Selects Augusta
Housing Project for Funding
Topeka, KS. – USDA Rural Development State Director Chuck Banks announced today that Augusta Heights Apartments in Augusta has been selected for funding by the Agency for new construction of multi-family housing rental units.
The Augusta Heights Apartments project, when completed, will provide 20 units for small families. This project will receive a $1.0 million loan from the USDA Rural Development 515 Multi-Family Housing Loan program, along with tax credits provided through Kansas Development Finance Authority.
“Upon completion, this project will establish much needed housing for the community, along with providing significant economic stimulus for Augusta. USDA Rural Development is pleased to announce this funding selection, which will assist in making this housing opportunity a reality for Augusta,” said State Director Banks.
During today’s announcement, State Director Banks thanked 4th District Congressman Todd Tiahrt for his support of USDA Rural Development programming.
USDA Rural Development’s mission is to deliver programs that support increasing economic opportunities and enhancing the quality of life of rural Americans. As a venture capital entity, USDA Rural Development provides equity and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure in rural America.
For additional information regarding USDA Rural Development programs, individuals may call the Agency’s state headquarters at 785-271-2702 or log onto the state's Rural Development website at: www.rurdev.usda.gov/ks
-end-