USDA Rural Development. Elsie M. Meeks State Director April 20, 2011. USDA RD Our Mission. To increase economic opportunity and improve the quality of life for all rural Americans. USDA - Rural Development. Rural Business / Cooperative Programs Rural Housing Programs Rural Utilities.
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Elsie M. Meeks
April 20, 2011
To increase economic opportunity and improve the quality of life for all rural Americans
Business and Industry Program
Guarantees to local lenders
80% up to $5 million
70% up to $10 million
60% up to $25 million
For starting or expanding rural businesses and cooperatives
Reduces risk to lenders and raises their lending limits
Rural Business Enterprise Grant
Provides Grants to:
Public Bodies (Cities) Non-Profits, Tribes All Serving Rural Areas
Sec. 9007: Rural Energy for America Program
Grants and Loan Guarantees for Farmers, Ranchers,
and Rural Small Businesses
(A system that producesor produces and delivers usable energy from a renewable energy source)
Solar Powered Stock Tanks in the Powder River Basin: A Renewable Energy System for Livestock Producers
Energy Efficiency ImprovementsGrain Bin Dryer Replacement
2 projects funded in SD in FY 07
7 projects funded in SD in FY 08
28 projects funded in SD in FY09
40 projects funded in SD in FY10
Example: The project replaced an old, inefficient diesel
motor with a new electric, more efficient motor
on an irrigation well.
502 Direct Housing Loans are at 100% financing for low & very low income families.
Guaranteed Loans are at 100% financing for households with higher incomes.
29% PITI and 41% TD.
Rural Rental Housing Direct Loans Section 515.
MFH in communities of 20,000 population or less.
Rental Subsidies available to low income tenants.
Housing built with 515 loansis for families, people 62 years of age or older, and people with disabilities. Serves mostly low income families.
Water and Environmental Program
Direct and guaranteed loans and grants to install, expand, and improve water and wastewater systems, solid waste disposal, and storm sewers.
In towns under 10,000 population.
or useful life of the security
Community Facilities Program
Direct and guaranteed loans, and grants, to public entities, Indian tribes, and nonprofits. Improve the economic and environmental climate of rural communities.
usually around 4.5%
Grants used to assist lower income rural areas in developing essential public community facilities
Very modest funding available in normal yearly funding - $150,000
06/01/2011 usual deadline to request funds from National Office
FY 2011 special Economic Impact Initiative grants for qualified counties based on unemployment and poverty levels (not sure of funding).
Rapid City (605)342-0301
Sioux Falls (605)330-4515
USDA Rural Development
200 4th Street SW, Federal Building Rm. 210
Huron, SD 57350-2477
(605) 352-1100 or 1-800-670-6553