Helping Rural Colorado Residents Realize the Dream of Homeownership
Today, Agriculture Secretary Tom Vilsack kicked off National Homeownership Month, as part of a nationwide celebration to highlight U.S. Department of Agriculture (USDA) efforts to provide access to affordable housing for rural Americans.
“Safe, energy-efficient, affordable housing is essential to the vitality of communities in rural America,” said Secretary Vilsack. “The American Rescue Plan is providing critical relief to rural homeowners and helping to keep more Americans in their homes. USDA is committed to using our resources to help support healthy, resilient and more equitable communities through homeownership.”
Since 1949, USDA has helped 4.7 million families and individuals buy homes in rural areas.
“In the last decade, Colorado Rural Development has invested $2.8 billion through all our housing programs to assist nearly 15,000 individuals and/or families across our vast state. Homeownership provides long term stability and enhances the vitality of communities in rural America. Our housing programs help build back communities, better and stronger than before,” said Irene Etsitty, USDA Colorado Rural Development Acting State Director.
USDA Rural Development supports rural homeownership through the following programs:
- The Single Family Housing Direct Home Loan Program provides loans directly to families and individuals so they can buy or build homes in rural America. In its lifetime, this program has helped 2.2 million families and individuals purchase a home.
- Through its Single Family Housing Guaranteed Loan Program, USDA has partnered with more than 4,000 private lending institutions, backing their loans to help nearly 2 million families and individuals buy homes in rural areas since the program was created in 1991.
- The Home Repair Loan and Grant Program provides loans and grants to help families and individuals repair and modernize homes, making them safer, healthier places to live. Since it started in 1950, the program has helped nearly 434,000 families improve the quality of their homes.
- The Mutual Self-Help Housing Grant Program provides grants to qualified organizations to help them carry out local self-help housing construction projects. Through this program, USDA has worked with nearly 230 organizations to provide a unique opportunity for families and individuals to lower the overall purchase price of a new home by investing “sweat equity” into its construction.
For additional information on housing programs in Colorado contact your local Colorado RD Office or visit www.rd.usda.gov/co.