Post on 16-Apr-2017
RURAL DEVELOPMENTOHIO
UNITED STATES DEPARTMENT OF
AGRICULTURE
Our Mission
To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential
Our Structure
Hillsboro Area OfficeHillsboro Area OfficeArea Director Ms. Lynn Stevens
Community Programs Specialist Mr. Ashley Kelly
Single Family Specialist Ms. Linda Ayres-Louiso
Multi-Family Specialist Ms. Kandy Dudley
Program Areas
Rural Business Programs Rural Housing Programs Community Development Programs
Rural Business Programs
Business and Industry Loan Guarantee Intermediary Relending Program Rural Business Opportunity Grants Rural Business Enterprise Grants Value Added Agriculture Marketing Grants Cooperative Development Renewable Energy Programs
Business and Industry Loan Guarantee
Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs
Eligible Areas: 50,000 or less Population Typical Loan Guarantee is $1 - 2 million but
range from $500,000 to $10 million Incentive to Banks – secondary market Incentive to Business – a secured loan can
warrant favorable terms and rate
Successful Business Partnerships
The Making of Old Glory
Rural Development awarded the Annin Flag company in Coshocton, OH with a B&I loan of $1.6 million to help them upgrade their facilities and production capacity
Intermediary Relending Program
A loan to a non-profit or public entity Rate of 1%, Term of 30 years Up to $750,000 a year Funds are reloaned to rural businesses
Rural Business Opportunity Grants
Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less
National competition for funding
Rural Business Enterprise Grants
Grants to non-profits and public bodies to develop small and emerging rural business enterprises
State allocation of a little over $1 million
Rural Business Enterprise Grants
Truck Driving Simulator
Rural Development awarded Southern State Community College, Hillsboro, OH with an RBEG for $30,000 to help with its truck driving program
Value Added Agriculture Marketing Grants
Physically segregates an agricultural commodity/product to enhance its value
Helps expand customer base for products, commodities
Result in greater portion of revenues being available to producer
Cooperative Development
Rural Cooperative Development Grants – Grants made to establish rural co-op centers
OSU South Centers successful applicant in Ohio
Rural Cooperative Development Grant
(Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis West, Randy Hunt, Tom Worley and Dave Hahn share in the announcement of a $345,258 USDA Rural Cooperative Development Grant
Cooperative Grant Recipient – OSU South Centers
Renewable Energy
Renewable Energy Grant Program Energy Efficiency Grants
Community Facilities Program
Direct WWD loans and grants Guaranteed WWD loans Direct CF loans and grants Guaranteed CF loans
Community Facilities Program Direct WWD loans and grants Guaranteed WWD loans
Construction of a new Water
Treatment Plant and Water
Tower in New Paris, OH Preble County
Community Facilities Program
Highland County HI-TECH CenterHillsboro, OH
Direct CF loans and grants
Community Facilities Program
Direct CF loans and grants
Rarden Fire Department Rarden, Ohio
Scioto County
Community Facilities Program
Guaranteed CF loans
Preble County YMCA Eaton, Ohio
Community Facilities Program
Guaranteed CF loans
Highland County Community Action Organization / Head Start
Hillsboro, Ohio
Community Facilities Program
Guaranteed CF loans
Seaman Medical Clinic Seaman, Ohio
Adams County
Home Ownership Programs
Direct Loans Guaranteed Loan Program Mutual Self Help Home Repair Program
Rural Housing 502 Direct Loans
Mortgage financing to low and very low income families who cannot obtain private financing
Funds to purchase suitable existing homes, new site builds
Up to 100 % financing of market value or cost Good credit history required
33 year loans, payments based on income
Rural Housing 502 Direct Loans
Lebanon, OH Warren County
502 Guaranteed Loan Program
Mortgage guarantee for low to moderate income families
No down payment, no mortgage insurance Income limited at 115% of area median Typical 30-year fixed rate, no loan limit Can be combined with OHFA bond, MCC or
2-1 buydown programs
Ashville, OH Pickaway County
502 Guaranteed Loan Program
523 Mutual Self Help
Sweat equity Helps households under 80% of area median
income finance/build their home Local non-profit obtains Section 523 grant,
hires construction supervisors, pays administrative expenses
Section 523 site loan also available
523 Mutual Self Help
Self-Help Homes Arbor Village
Washington Courthouse, Ohio Fayette County
504 Home Repair Program
To remove health and safety hazards to very low income homeowners
To finance needed repairs
Before After
Rental Housing
Rural Rental Housing Direct Loans Rural Rental Guarantee Program Farm Labor Direct Housing
Rural Rental 515 Direct Housing Loans
To construct or renovate affordable rental complexes
Clinton East Sabina, Ohio Clinton County
Rural Rental 538 Guarantee Program
Provides affordable rental housing to low and moderate income residents
Farm Labor Housing
Section 514 Loans for farm owners to provide on-farm housing
Section 516 grants to non profits and public bodies to house farm laborers off-farm
Housing Preservation Grant
NOFA Process Nonprofit or government organization Up to a 2 year grant agreement Must be used in eligible rural area Maximum of 20% for administration
Looking to the Future
Importance of Partnerships Accessing Federal Pool Dollars Marketing Rural Development Programs Increasing Minority Homeownership Faith Based Initiatives
For Additional Information…
USDA Rural DevelopmentHillsboro Area Office514 Harry Sauner Road, Ste 3Hillsboro, OH 45133
937-393-1921, ext. 4937-393-1656 FAXlynn.stevens@oh.usda.gov
www.rurdev.usda.gov