Hometown Housing Opportunities, Town Hall Meeting Set for Holdrege
May 19, 2016
Holdrege, Nebraska May 16, 2016 — Holdrege area residents are invited to a public meeting at the Holdrege Housing Authority located at 1422 12th Avenue in Holdrege, Nebraska on May 25, 2016 at 5 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 Agency and South Central Economic Development District 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 call the South Central Economic Development District, Inc. at 308.455.4770.