SNOW HILL, N.C., June 5, 2023 – Rural Development State Director Reginald Speight with members of his Team and federal delegates celebrated the American Dream of homeownership when they cut a ribbon and welcomed a family into their home today.
“I am honored to stand with my Team to welcome this family into a home they can call their own,” said Speight. “I have been travelling across North Carolina for last week and had the privilege to participate in a number of events like this. The Biden-Harris administration is committed to continuing to assist families across the country have this same feeling of the pride of homeownership. It is almost overwhelming.”
The family partnered with Rural Development utilizing the Single-Family Housing Direct Home Loan program.
Also known as the Section 502 Direct Loan Program, this program assists low-and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability.
Speight and members of his Rural Development Team are participating in events celebrating National Homeownership Month across the state in June.
Background
Under the Biden-Harris Administration, Rural Development provides loans and grants to help expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, Tribal and high-poverty areas. For more information, visit www.rd.usda.gov. If you’d like to subscribe to USDA Rural Development updates, visit our GovDelivery subscriber page.
USDA touches the lives of all Americans each day in so many positive ways. Under the Biden-Harris Administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, promoting competition and fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate-smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.
###
USDA is an equal opportunity provider, employer and lenders