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NEWS RELEASE 1303
SW First American Place, Suite 100, Topeka,
KS 66604-4040 |
FOR IMMEDIATE RELEASE – June 9, 2005
Contact - Harold Alford (785) 271-2701
USDA Rural Development Recognizes
Local Lender Partnerships
Chanute , KS – USDA Rural Development State Director Chuck Banks announced today that Gemini Funding Corporation of Coffeyville , KS and Metz Banking Company of Nevada , MO are being honored as an ‘Outstanding Lending Partner’ by the Agency. Today’s announcement, a result of the lenders’ participation in the Agency’s Single-Family Guaranteed Rural Housing Program, was made during a stop in Chanute in conjunction with USDA’s celebration of National Homeownership Month.
“USDA Rural Development greatly appreciates the outstanding partnership it enjoys with both Gemini Funding Corporation and Metz Banking Company. The Agency’s Single-Family Guaranteed Rural Housing Program provides loan guarantees for local lenders who finance affordable homes for lower income Kansans. This important housing program supports expanding homeownership opportunities in our rural communities, resulting in increased economic development for the State. We applaud these lenders for utilizing this Agency program,” remarked State Director Banks.
Today’s USDA National Homeownership Month presentation was made to Henry and Dale Honas of Gemini Funding Corporation, and Jim Nixon of Metz Banking Company at the Neosho County Community College .
USDA Rural Development typically offers financing assistance to eligible applicants in partnership with local financial institutions; these partnerships allow the Agency to leverage taxpayer dollars further to benefit more Kansans and their rural communities. In some cases, if a prosepctive homeowner is unable to secure financing from the private sector, the Agency can make a home loan directly to creditworthy applicants. USDA Rural Development in Kansas assists over 6,000 Kansans annually to secure either individual homeownership or multi-family housing residency.
USDA Rural Development's mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As a venture capital entity, the Agency 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 all USDA Rural Development programs, individuals may contact the Agency’s Iola office at 620-365-2901 or visit the Agency’s Kansas website at www.rurdev.usda.gov/ks
USDA Rural Development – Committed to the future of rural communities.
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