Department Highlights Rich History in Making Homeownership a Reality for People in Rural and Tribal Communities
WASHINGTON, June 3, 2024 — As part of National Homeownership Month, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today revealed USDA is commemorating 75 years of assisting countless individuals purchase, fix and develop cost effective homes in rural and Tribal neighborhoods.
“For years, USDA has actually functioned as a safeguard for hardworking Americans who imagine owning a home however face obstacles to doing so,” Secretary Vilsack stated. “Now more than ever, individuals throughout the country requirement access to safe, good and budget friendly real estate, specifically in rural and Tribal neighborhoods. The Biden-Harris Administration stays dedicated to guaranteeing all Americans have economical locations to live. USDA is enhancing its efforts to gear up possible property buyers with resources and info they require to be all set to take complete benefit of our vital programs as financing is readily available.”
This month, the Department is highlighting the methods USDA Rural Development homeownership programs have actually traditionally offered individuals in rural America and on Tribal lands the chance to construct wealth and equity, and a structure for a brighter future on their own and their households:
- Considering that 1949, USDA’s Single Family Housing Programs have actually assisted almost 5 million households and people attain the imagine homeownership.
- Given that the program’s beginning, USDA’s Single Family Direct Home Loans have actually assisted around 2.2 million households and people acquire a home.
- Through the Single Family Home Repair Loan and Grant Program, USDA has actually assisted almost 455,000 people and households enhance the quality of their homes given that 1950.
- And because 1966, USDA’s Mutual Self-Help Housing Technical Assistance Grant Program has actually assisted more than 56,000 households construct their own homes.
The Biden-Harris Administration has actually invested more than $43 billion to assist almost 266,000 households and people in rural and Tribal neighborhoods purchase, fix and develop homes through