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Nebraska Ag News Headlines |
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Hometown Housing Opportunities, Community Meeting in Beatrice
Nebraska Ag Connection - 05/27/2016
Beatrice area residents are invited to a public meeting at the Beatrice Public Library Sargent room located at 100 N 16th St. in Beatrice on June 20 at 5:30 p.m. The meeting will focus on opportunities available for families and individuals to achieve the dream of
homeownership. USDA Rural Development has approximately $120 million available in Nebraska to assist with meeting the housing needs in rural communities.
Expanding and preserving homeownership is an important foundation to the economy and provides stability in rural communities. Available housing is important in supporting employers in the community, provides a place "where jobs sleep" and allows families to
live and raise their families in communities where they work.
State and federal partners, community officials, lenders, realtors, major employers, home builders and other housing partners will convene for the meeting. Families that are interested in living in rural communities and owning their own home or existing home
owners that need assistance with home repairs should plan to attend.
Representatives from USDA Rural Development, Nebraska Investment Finance Authority and other housing partners will be available to discuss programs that offer up to 100% financing for a home purchase. Financing is available with interest rates at 3% and
below, and households may qualify for rates as low as 1%.
These affordable rates with no or a low down payment makes home ownership affordable and may be less than rent. Low interest rate loans at 1% are also available for home repairs for existing home-owners for very low income household. Grants are
available for elderly households 62 years of age or older for home repairs that are unable to repay a loan.
For further information on the meeting, call Gage Area Growth Enterprise at 402-228-5869.
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