RURAL DEVELOPMENT, USDA

Various financial assistance programs for community projects and housing. See services below.

 

 

U.S. Department of Agriculture

514 Harry Sauner Road, Suite No. 3

Hillsboro, Ohio 45133

 

PHONE:                 (937) 393-1921

FAX:                         (937) 393-1656

WEBSITE:              www.rd.usda.gov\oh

SERVICE AREA:    Adams, Brown, Butler, Champaign, Clark, Clermont, Clinton, Darke, Fayette, Franklin, Greene, Hamilton, Highland, Lawrence, Madison,

Miami, Montgomery, Pickaway, Pike, Preble, Ross, Scioto and Warren Counties.

 

OFFICE HOURS:    8:00 a.m. to 4:30 p.m.

 

OFFICE DAYS:       Monday through Friday

SERVICES:              Community and Business Programs:

Loans/grants are available to communities to fi­nance community facilities, waste and water pro­jects and small businesses.

Rural Housing Loans:

Rural housing loans (direct) are available to low-income applicants. Payments are based upon income. Houses must be modest in size and design.

Rural housing loans (guaranteed) are available to moderate income applicants. Loans are made by commercial lenders at prevailing interest rates, no down payment required.

Loans and limited Grants for home repairs in eligible areas.

 

ELIGIBILITY:         Community and Business Programs:

Varies according to program, community size and needs.

Rural Housing Loans:

1.  Applicants can not exceed income limits. Income is based on total household income for each county and family size.

2.  Good credit history.

3.  Can not qualify for a conventional loan.

4.  Lacks adequate housing.

 

DOCUMENTS NEEDED:   Community and Business Programs:

For information E-mail: Ashley.Kelly@oh.usda.gov

Rural Housing Loans:

Completed application must be submitted. All debts and income will be verified prior to determining eligibility.

 

RESTRICTIONS:          Community and Business Programs:

Contact Rural Development Office:

E-mail: Ashley.Kelly@oh.usda.gov

Rural Housing Loans:

Loans cannot be made in City of Troy and City of Piqua.

 

HOW TO USE:               Community and Business Programs:

Contact: Ashley.Kelly@oh.usda.gov

937-393-1921 ext. 127

 

Rural Housing Loans:

Contact the Rural Development office.

E-mail: Lori.McCoy@oh.usda.gov

              Ray.Wilson@oh.usda.gov

             Joan.Simmons@oh.usda.gov

 

FEE POLICY:                   Community and Business Programs: N/A

Rural Housing Loans:

Credit report fee      –   $    24. estimate

Loan closing cost    –   $3000. estimate

One-year insurance –   $  720. estimate