Rural Development’s housing programs can provide up to $20,000 in low interest loans for home repairs. The funding can be used to help families whose primary residences were damaged or destroyed as the direct result of the storms. Residents with damaged homes should first contact their insurance agent. Rural Development provides loans for home repairs at one percent interest for up to 20 years for those who meet income criteria. For residents purchasing or building a new home in the aftermath of the storms, Rural Development can also assist with Direct or Guaranteed loans for homeowners to obtain mortgages with no down payment.
Funding for municipalities (population up to 10,000) which have experienced a significant decline in quantity and quality of water is also available through Rural Development’s Emergency Community Water Assistance Grant program. Grants up to $500,000 may be available.
Rural Development is the lead federal agency for rural needs. It provides financing and technical assistance to foster growth in homeownership, business development, and community and technology infrastructure.
More information on USDA Rural Development funding opportunities and contact information for the Illinois offices is available on the web at www.rurdev.usda.gov/il.
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