Tuesday, 24 April 2007 00:48
Grants Available for Rural Development
The USDA Rural Development
office in Stockton, serving Alpine, Amador, Calaveras, Contra Costa, Mono and
San Joaquin counties, announced
the availability of Section 504 grants and low-interest loans for low-income
individuals to make needed repairs on their homes. Funding may be used
for a variety of projects including installing or renovating water or sewer
hook-ups, roofing, flooring, lighting, insulation and weatherization.
Grants are available for up to $7,500
to homeowners 62 years or older who are unable to otherwise finance their
repairs. However, low interest loans are also available without an age
requirement. The maximum loan amount is $20,000 with an interest rate of 1
percent and up to 20 years repayment. Eligible applicants are low-income
homeowners living in rural towns of fewer than 10,000 people or in towns with
up to 20,000 people in non-metropolitan areas.
