JOHANNS ANNOUNCES MORE THAN $52 MILLION IN LOANS AND GRANTS FOR FARM LABOR HOUSING, HOUSING PRESERVATION
Agriculture Secretary Mike Johanns today announced the availability of $52.5 million in loans and grants to construct off-farm housing and help low- and very-low-income homeowners make needed repairs.
"The funding made available today will go a long way toward ensuring that all rural residents have access to decent, safe, affordable housing," Johanns said. "Affordable housing is one of several important contributors to strong rural communities and since 2001 USDA has helped more than 765,000 people build, improve or rent affordable housing in rural America."
USDA plans to make available $31.9 million for Section 514 farm labor housing loans and approximately $10.5 million for Section 516 farm labor housing grants. Requests for aid may not exceed $3 million combined for loans and grants. Grants may not exceed 90 percent of total development costs. Applicants for farm labor housing aid may include requests for Section 521 Rental Assistance and operating assistance.
BREAK IN TRANSCRIPT