RED SPRINGS, N.C., June 20, 2023 – State Director Reginald Speight shared in a family’s milestone of the American Dream of homeownership when they cut a ribbon and were welcomed into their home.
“The Biden-Harris Administration is committed to ensuring that all Americans have an affordable place they can call home and opportunities to build generational wealth through homeownership,” said Speight. “I have had the honor of participating in events like this across the state to celebrate National Homeownership Month. My heart is full seeing the joy in all smiling faces my Team has interacted with these last weeks.”
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.
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