rural development. usda rural development mission: to increase economic opportunity and improve the...
TRANSCRIPT
Rural Development
Rural Development
Rural Development
USDA Rural Development
Mission:
To increase economic opportunity and improve the quality of life for all rural Americans.
Vision:
A rural America that is a healthy, safe and prosperous place in which to live and work.
Committed to the future of rural communities.
Rural Development
Business & Cooperative ProgramsSupports the creation and expansion of businesses and
cooperatives in rural areas.
Oneida Tribe of Indians of Wisconsin – Oneida, WI (VAPG)
Mountain Spring Hotel – Suring, WI (REAP)
Allesnik, LLC & Pointe Precision, Inc. – Plover, WI (B&I Loan)
Rural Development
Community Facilities ProgramsQuality of Life Improvements
Grantsburg Fire Association – Grantsburg, WI
Prairie du Chien Memorial Hospital – Prairie du Chien, WI
Sheboygan Senior Community – Sheboygan, WI
Sokaogon Chippewa Community – Crandon, WI
Rural Development
Water & Environmental ProgramsImprove Waste, Wastewater, and Water Systems
Rural Development
Housing Programs
Since 2010:
Financed 17,686 home loans.
Provided financing to 986 rural Wisconsin households for necessary repairs, accessibility updates, and to address safety issues.
Invested nearly $75 million in Rental Assistance to more than 22,000 rural residents.
Safe and Affordable Housing
Rural Development
Home Ownership
Rural Housing Ownership
Opportunities
Direct
Guaranteed
Self-Help
Rural Development
Rural Housing Programs
502 Direct Program
Loan Program
Rural Development
502 DIRECT LOAN PROGRAM
*Primary purpose – purchase/construct a home*Can be used to make repairs to an existing home*Refinancing (in case where customer may lose home)*Applicant does not own adequate housing*Fixed rate mortgage – current rate is 3.125%*Term of loan – 33/38 years; 30 years for a manufactured home
Rural Development
*Loans may be made up to 100% of market value – no down payment required – unless asset limitation
is exceeded ($20,000 elderly; $15,000 non-elderly)
*Payment assistance subsidy reduces monthly payments for eligible applicants.
*No PMI (private mortgage insurance) required.*Low and very-low income limits apply
Rural Development
DIRECT PROGRAM INCOME LIMITS
USDA Rural Development
Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482
Voice (715) 345-7620 • Fax 855-715-8496 • Email [email protected]
USDA is an equal opportunity provider and employer.
County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
Brown $38,350 $43,850 $49,300 $54,800 $59,200 $63,550 $67,950 $72,350 Buffalo $34,250 $39,150 $44,050 $48,950 $52,850 $56,800 $60,700 $64,600 Calumet $42,200 $48,250 $54,250 $60,300 $65,100 $69,950 $74,750 $79,600 Chippewa $36,900 $42,150 $47,450 $52,700 $56,900 $61,150 $65,350 $69,550 Columbia $41,250 $47,150 $53,050 $58,950 $63,650 $68,400 $73,100 $77,800 Dane $46,050 $52,650 $59,200 $65,800 $71,050 $76,350 $81,600 $86,850 Dodge $37,300 $42,650 $47,950 $53,300 $57,550 $61,850 $66,100 $70,350 Door $35,950 $41,100 $46,200 $51,350 $55,450 $59,550 $63,650 $67,800 Douglas $36,000 $41,150 $46,300 $51,450 $55,550 $59,700 $63,800 $67,900 Dunn $36,750 $42,000 $47,250 $52,500 $56,700 $60,900 $65,100 $69,300 Eau Claire $36,900 $42,150 $47,450 $52,700 $56,900 $61,150 $65,350 $69,550 Fond du Lac $38,000 $43,400 $48,850 $54,250 $58,600 $62,950 $67,250 $71,600 Green $39,300 $44,900 $50,550 $56,150 $60,650 $65,150 $69,650 $74,100 Green Lake $36,850 $42,100 $47,400 $52,650 $56,850 $61,050 $65,300 $69,500 Iowa $41,250 $47,150 $53,050 $58,950 $63,650 $68,400 $73,100 $77,800 Jefferson $40,700 $46,500 $52,350 $58,150 $62,800 $67,450 $72,100 $76,750 Kenosha $40,400 $46,150 $51,950 $57,700 $62,300 $66,950 $71,550 $76,150 Kewaunee $38,350 $43,850 $49,300 $54,800 $59,200 $63,550 $67,950 $72,350 La Crosse $39,300 $44,900 $50,550 $56,150 $60,650 $65,150 $69,650 $74,100 Lafayette $35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750 Lincoln $35,550 $40,650 $45,700 $50,800 $54,850 $58,950 $63,000 $67,050 Manitowoc $36,800 $42,050 $47,300 $52,550 $56,750 $60,950 $65,150 $69,350 Marathon $38,750 $44,300 $49,800 $55,350 $59,800 $64,200 $68,650 $73,050 Monroe $36,250 $41,400 $46,600 $51,750 $55,900 $60,050 $64,150 $68,300
Effective 4/1/2015
Rural Development
DIRECT PROGRAM INCOME LIMITS
USDA Rural Development
Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482
Voice (715) 345-7620 • Fax 855-715-8496 • Email [email protected]
USDA is an equal opportunity provider and employer.
County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
Oneida $34,800 $39,750 $44,750 $49,700 $53,700 $57,650 $61,650 $65,600 Outagamie $42,200 $48,250 $54,250 $60,300 $65,100 $69,950 $74,750 $79,600 Ozaukee $41,050 $46,900 $52,800 $58,650 $63,350 $68,050 $72,750 $77,400 Pepin $35,500 $40,550 $45,650 $50,700 $54,750 $58,800 $62,850 $66,900 Pierce $46,050 $52,650 $59,200 $65,800 $71,050 $76,350 $81,600 $86,850 Polk $35,750 $40,850 $45,950 $51,050 $55,150 $59,200 $63,300 $67,400 Portage $39,100 $44,700 $50,250 $55,850 $60,300 $64,800 $69,250 $73,700 Racine $39,050 $44,600 $50,200 $55,750 $60,200 $64,650 $69,150 $73,600 Rock $36,600 $41,850 $47,050 $52,300 $56,500 $60,650 $64,850 $69,050 Sauk $38,550 $44,050 $49,550 $55,050 $59,450 $63,850 $68,250 $72,650 Sheboygan $39,550 $45,200 $50,850 $56,500 $61,000 $65,550 $70,050 $74,600 St. Croix $46,050 $52,650 $59,200 $65,800 $71,050 $76,350 $81,600 $86,850 Trempealeau $35,200 $40,250 $45,250 $50,300 $54,300 $58,350 $62,350 $66,400 Walworth $40,950 $46,800 $52,650 $58,500 $63,200 $67,850 $72,550 $77,200 Washington $41,050 $46,900 $52,800 $58,650 $63,350 $68,050 $72,750 $77,400 Waukesha $41,050 $46,900 $52,800 $58,650 $63,350 $68,050 $72,750 $77,400 Waupaca $35,550 $40,650 $45,700 $50,800 $54,850 $58,950 $63,000 $67,050 Winnebago $39,250 $44,900 $50,500 $56,100 $60,600 $65,100 $69,550 $74,050 Wood $35,200 $40,200 $45,250 $50,250 $54,250 $58,300 $62,300 $66,350 All Other Counties* $34,150 $39,050 $43,900 $48,800 $52,700 $56,600 $60,500 $64,400
*Milwaukee County Is Ineligible For Rural Development Homeownership Programs
Effective 4/1/2015
Rural Development
PROPERTY REQUIREMENTS – DIRECT
Site Size: Site must not be large enough to be subdivided under local subdivision regulations. (If no local zoning, one-acre site is minimum which cannot be subdivided.) AND, the value of the site must not exceed 30% of the “as improved” value. (30% limitation may be exceeded if site cannot be subdivided and is typical for the area).
Site Location: Property must be located in a rural area. Certain counties have ineligible areas. Can check website: www.rd.usda.gov/wi to determine if property is in an eligible area. Milwaukee County is ineligible.
Rural Development
Dwelling: Must meet definition of “modest”. Market value must not exceed the applicable area loan limit. Depending upon the county in which the property is located, this amount varies. Effective June 15, 2015, Wisconsin is apart of Pilot program, utilizing 80% of FHA’s One-Family mortgage limits. In this state most limits will be set at $216,840. Structures: Must not include farm service buildings, however, smaller outbuildings, such as storage sheds are allowed.
Income Producing Property: No
In-Ground Swimming Pools: Prohibited; not acceptable to remove poolto meet this requirement.
Inspection Reports: Satisfactory inspection by State Certified Inspector (or qualified Tradesperson if SCI not available), including heating/cooling, structural soundness, water/sewer and electrical
Rural Development
Condominiums: OK – At least 70% of units must be sold, and not more than 15% of the owners more than 1 month delinquent.
Zero Lot-Line Property: OK-On case by case basis; approval by loan approval official.
New Manufactured Home: Must be purchased/completed/warranted by a RD approved dealer-contractor.
Finance Existing Manufactured Home: No
Lead Based Paint: Rural Development requirements.
Rural Development
PRIVATE WATER & WASTE DISPOSAL SYSTEMS – Direct
Private Well Inspection: Incorporated in (or part of) plumber’s inspection. Basement Well: Only with certification from the DNR that it meets current WI Code as well as satisfactory private well inspection & safe water tests.
Shared Well: Must have “Shared Well Water Agreement” (based on HUD model). Cannot serve more than 4 properties.
Rural Development
504 Home Repair and Rehab
Loans and Grants
Rural Development
504 GRANTS
Remodel dwellings to make them accessible to household members with disabilitiesApplicant must be at least 62 yrs. of age for grantVery low income limits applyMaximum grant assistance is $7,500 (lifetime)Applicant must own & occupy propertyAsset limitations apply
Rural Development
Examples of Section 504 Grant RepairsFunds can be used to:
Remove health & safety hazards– Unsanitary plumbing conditions– Hazardous electrical– Sewer lines or septic tank failure– Unsafe structural conditions– Code violations– Leaking roofs– Faulty heating– Installation of grab bars, railings and other accessibility devices
to assist the elderly or disabled
Rural Development
Rural Development
Rural Development
504 LOANS
Maximum of $20,000 under loan programLoan can be amortized over a maximum of 20 yearsFixed 1% interest rateVery low income limits applyApplicant must own & occupy propertyAsset limitations apply
Rural Development
504 LOANSRepairs or Improvements
Funds can be used to:
Improve or modernize home in addition to those items found in the grant program
– Exterior and interior painting– Storm windows/security doors– Insulation– Gutters/downspouts– Replacement of sinks and toilets– Replacement of flooring
Rural Development
Rural Development
504 REPAIR LOAN AND GRANT PROGRAM INCOME LIMITS
USDA Rural Development
Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482
Voice (715) 345-7620 • Fax 855-715-8496 • Email [email protected]
USDA is an equal opportunity provider and employer.
County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons Brown $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250 Buffalo $21,450 $24,500 $27,550 $30,600 $33,050 $35,500 $37,950 $40,400 Calumet $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800 Chippewa $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500 Columbia $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650 Dane $29,050 $33,200 $37,350 $41,450 $44,800 $48,100 $51,400 $54,750 Dodge $23,350 $26,650 $30,000 $33,300 $36,000 $38,650 $41,300 $44,000 Door $22,500 $25,700 $28,900 $32,100 $34,700 $37,250 $39,850 $42,400 Douglas $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450 Dunn $23,000 $26,250 $29,550 $32,800 $35,450 $38,050 $40,700 $43,300 Eau Claire $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500 Fond du Lac $23,750 $27,150 $30,550 $33,900 $36,650 $39,350 $42,050 $44,750 Green $24,600 $28,100 $31,600 $35,100 $37,950 $40,750 $43,550 $46,350 Green Lake $23,050 $26,350 $29,650 $32,900 $35,550 $38,200 $40,800 $43,450 Iowa $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650 Jefferson $25,450 $29,100 $32,750 $36,350 $39,300 $42,200 $45,100 $48,000 Kenosha $25,250 $28,850 $32,450 $36,050 $38,950 $41,850 $44,750 $47,600 Kewaunee $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250 La Crosse $24,600 $28,100 $31,600 $35,100 $37,950 $40,750 $43,550 $46,350 Lafayette $22,150 $25,300 $28,450 $31,600 $34,150 $36,700 $39,200 $41,750 Lincoln $22,250 $25,400 $28,600 $31,750 $34,300 $36,850 $39,400 $41,950 Manitowoc $23,000 $26,300 $29,600 $32,850 $35,500 $38,150 $40,750 $43,400 Marathon $24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700 Monroe $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
Effective 4/1/2015
Rural Development
504 REPAIR LOAN AND GRANT PROGRAM INCOME LIMITS
USDA Rural Development
Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482
Voice (715) 345-7620 • Fax 855-715-8496 • Email [email protected]
USDA is an equal opportunity provider and employer.
County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons Oconto $22,200 $25,350 $28,500 $31,650 $34,200 $36,750 $39,250 $41,800 Oneida $21,750 $24,850 $27,950 $31,050 $33,550 $36,050 $38,550 $41,000 Outagamie $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800 Ozaukee $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400 Pepin $22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850 Pierce $30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200 Polk $22,350 $25,550 $28,750 $31,900 $34,500 $37,050 $39,600 $42,150 Portage $24,450 $27,950 $31,450 $34,900 $37,700 $40,500 $43,300 $46,100 Racine $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050 Rock $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200 Sauk $24,100 $27,550 $31,000 $34,400 $37,200 $39,950 $42,700 $45,450 Sheboygan $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600 St. Croix $30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200 Trempealeau $22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $39,000 $41,550 Walworth $25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250 Washington $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400 Waukesha $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400 Waupaca $22,250 $25,400 $28,600 $31,750 $34,300 $36,850 $39,400 $41,950 Winnebago $24,550 $28,050 $31,550 $35,050 $37,900 $40,700 $43,500 $46,300 Wood $22,000 $25,100 $28,250 $31,400 $33,900 $36,400 $38,950 $41,450 All Other Counties* $21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300 *Milwaukee County Is Ineligible For Rural Development Homeownership Programs
Effective 4/1/2015
Rural Development
Guaranteed Rural Housing Program
Applicants who exceed the income limit for the direct 502 program, may be eligible for the GRH program.
Started in 1991
Has grown to annually a $414 million program assisting some 3300 households becoming home owners.
Voice (715) 345-7623 • Email [email protected]
Rural Development
Outstanding RD Portfolio in Indian Country
Program 502504 GRH
Number of Loans 96/2961 35/71065/20572
to American Indians
Percent of Portfolio 3% 5%> 1%
Loans on Trust Lands 37 110
Rural Development
Rural Development
Rural Development Contact Information
1 (715) 345-7620
Ask to be transferred to the Rural Development Office that covers your area of interest.
Rural Development
Dodgeville Area Office Shawano Area Office
138 S Iowa Street, Ste 2 603B Lakeland Road
Dodgeville, WI 53533 Shawano, WI 54166
Phone : (608)935-2791 Phone: (715)524-8522
Fond du Lac Area Office Menomonie Area Office
W6529 Forest Ave., Ste. 200 390 Red Cedar St., Ste. G
Fond du Lac, WI 54937 Menomonie, WI 54751
Phone: (920)907-2976 Phone: (715)232-2614
Stevens Point Area Office Spooner Area Office
1462 Strongs Avenue 800 N. Front St., Rm. 102
Stevens Point, WI 54481 Spooner, WI 54801
Phone: (715)346-1313 Phone: (715)635-8228
Stevens Point State Office
5417 Clem’s Way
Stevens Point, WI 54482
Phone: (715)345-7615