2008-03-13 / News

USDA housing programs available for Jamestown residents

By Sam Bari

The USDA Rural Development announced that special office hours will be held at the North Kingstown Senior Center, Wednesday, March 26, from 3 to 6 p.m. The center is located at 10 Beach St., North Kingstown.

Interest parties will have an opportunity to speak to a USDA Rural Development Area Specialist about their eligibility for USDA housing programs and complete a housing application if they so desire.

This public meeting is for residents of North Kingstown and surrounding areas. Eligible rural housing communities in the surrounding areas are North Kingstown south of Stony Lane, Exeter, Jamestown, Narragansett and South Kingstown.

USDA Rural Development has funds available through its Single Family Direct Home Loan program for very low-income rural homebuyers. This program provides individuals and families with an opportunity to purchase or build a home with no down payment and financing up to 100 percent. The agency also administers a Guaranteed Rural Housing Program that assists moderate-income applicants to purchase homes in rural areas with no money down.

Through USDA Rural development's Home Improvement Loan and Grant Program, funds are available for heating, electrical and plumbing repairs, storm windows, well and septic system repairs, insulation, roof and system repairs and construction of ramps for accessibility.

Very low income families and individuals can receive loans at a one percent interest rate directly from USDA Rural Development. Very low-income homeowners who are 62 years of age and older and lack repayment ability for a loan are eligible for home improvement grants that do not have to be repaid. While grant funds are generally limited, loan funds are readily available.

Further information can be found on the Internet at www.rurdev. usda.gov/wa.

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