RURAL DEVELOPMENT OHIO UNITED STATES DEPARTMENT OF AGRICULTURE

Our Mission To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential

To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential

Our Structure Hillsboro Area Office Area Director Ms. Lynn Stevens Community Programs Specialist Mr. Ashley Kelly Single Family Specialist Ms. Linda Ayres-Louiso Multi-Family Specialist Ms. Kandy Dudley

Program Areas Rural Business Programs Rural Housing Programs Community Development Programs

Rural Business Programs

Rural Housing Programs

Community Development Programs

Rural Business Programs Business and Industry Loan Guarantee Intermediary Relending Program Rural Business Opportunity Grants Rural Business Enterprise Grants Value Added Agriculture Marketing Grants Cooperative Development Renewable Energy Programs

Business and Industry Loan Guarantee

Intermediary Relending Program

Rural Business Opportunity Grants

Rural Business Enterprise Grants

Value Added Agriculture Marketing Grants

Cooperative Development

Renewable Energy Programs

Business and Industry Loan Guarantee Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs Eligible Areas: 50,000 or less Population Typical Loan Guarantee is $1 - 2 million but range from $500,000 to $10 million Incentive to Banks – secondary market Incentive to Business – a secured loan can warrant favorable terms and rate

Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs

Eligible Areas: 50,000 or less Population

Typical Loan Guarantee is $1 - 2 million but range from $500,000 to $10 million

Incentive to Banks – secondary market

Incentive to Business – a secured loan can warrant favorable terms and rate

Successful Business Partnerships The Making of Old Glory Rural Development awarded the Annin Flag company in Coshocton, OH with a B&I loan of $1.6 million to help them upgrade their facilities and production capacity

Intermediary Relending Program A loan to a non-profit or public entity Rate of 1%, Term of 30 years Up to $750,000 a year Funds are reloaned to rural businesses

A loan to a non-profit or public entity

Rate of 1%, Term of 30 years

Up to $750,000 a year

Funds are reloaned to rural businesses

Rural Business Opportunity Grants Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less National competition for funding

Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less

National competition for funding

Rural Business Enterprise Grants Grants to non-profits and public bodies to develop small and emerging rural business enterprises State allocation of a little over $1 million

Grants to non-profits and public bodies to develop small and emerging rural business enterprises

State allocation of a little over $1 million

Rural Business Enterprise Grants Truck Driving Simulator Rural Development awarded Southern State Community College, Hillsboro, OH with an RBEG for $30,000 to help with its truck driving program

Value Added Agriculture Marketing Grants Physically segregates an agricultural commodity/product to enhance its value Helps expand customer base for products, commodities Result in greater portion of revenues being available to producer

Physically segregates an agricultural commodity/product to enhance its value

Helps expand customer base for products, commodities

Result in greater portion of revenues being available to producer

Cooperative Development Rural Cooperative Development Grants – Grants made to establish rural co-op centers OSU South Centers successful applicant in Ohio

Rural Cooperative Development Grants – Grants made to establish rural co-op centers

OSU South Centers successful applicant in Ohio

Rural Cooperative Development Grant (Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis West, Randy Hunt, Tom Worley and Dave Hahn share in the announcement of a $345,258 USDA Rural Cooperative Development Grant Cooperative Grant Recipient – OSU South Centers

Renewable Energy Renewable Energy Grant Program Energy Efficiency Grants

Renewable Energy Grant Program

Energy Efficiency Grants

Community Facilities Program Direct WWD loans and grants Guaranteed WWD loans Direct CF loans and grants Guaranteed CF loans

Direct WWD loans and grants

Guaranteed WWD loans

Direct CF loans and grants

Guaranteed CF loans

Community Facilities Program Direct WWD loans and grants Guaranteed WWD loans Construction of a new Water Treatment Plant and Water Tower in New Paris, OH Preble County

Direct WWD loans and grants

Guaranteed WWD loans

Community Facilities Program Direct CF loans and grants Highland County HI-TECH Center Hillsboro, OH

Direct CF loans and grants

Community Facilities Program Direct CF loans and grants Rarden Fire Department Rarden, Ohio Scioto County

Direct CF loans and grants

Community Facilities Program Guaranteed CF loans Preble County YMCA Eaton, Ohio

Guaranteed CF loans

Community Facilities Program Guaranteed CF loans Highland County Community Action Organization / Head Start Hillsboro, Ohio

Guaranteed CF loans

Community Facilities Program Guaranteed CF loans Seaman Medical Clinic Seaman, Ohio Adams County

Guaranteed CF loans

Home Ownership Programs Direct Loans Guaranteed Loan Program Mutual Self Help Home Repair Program

Direct Loans

Guaranteed Loan Program

Mutual Self Help

Home Repair Program

Rural Housing 502 Direct Loans Mortgage financing to low and very low income families who cannot obtain private financing Funds to purchase suitable existing homes, new site builds Up to 100 % financing of market value or cost Good credit history required 33 year loans, payments based on income

Mortgage financing to low and very low income families who cannot obtain private financing

Funds to purchase suitable existing homes, new site builds

Up to 100 % financing of market value or cost Good credit history required

33 year loans, payments based on income

Rural Housing 502 Direct Loans Lebanon, OH Warren County

502 Guaranteed Loan Program Mortgage guarantee for low to moderate income families No down payment, no mortgage insurance Income limited at 115% of area median Typical 30-year fixed rate, no loan limit Can be combined with OHFA bond, MCC or 2-1 buydown programs

Mortgage guarantee for low to moderate income families

No down payment, no mortgage insurance

Income limited at 115% of area median

Typical 30-year fixed rate, no loan limit

Can be combined with OHFA bond, MCC or 2-1 buydown programs

502 Guaranteed Loan Program Ashville, OH Pickaway County

523 Mutual Self Help Sweat equity Helps households under 80% of area median income finance/build their home Local non-profit obtains Section 523 grant, hires construction supervisors, pays administrative expenses Section 523 site loan also available

Sweat equity

Helps households under 80% of area median income finance/build their home

Local non-profit obtains Section 523 grant, hires construction supervisors, pays administrative expenses

Section 523 site loan also available

523 Mutual Self Help Self-Help Homes Arbor Village Washington Courthouse, Ohio Fayette County

504 Home Repair Program To remove health and safety hazards to very low income homeowners To finance needed repairs Before After

To remove health and safety hazards to very low income homeowners

To finance needed repairs

Rental Housing Rural Rental Housing Direct Loans Rural Rental Guarantee Program Farm Labor Direct Housing

Rural Rental Housing Direct Loans

Rural Rental Guarantee Program

Farm Labor Direct Housing

Rural Rental 515 Direct Housing Loans To construct or renovate affordable rental complexes Clinton East Sabina, Ohio Clinton County

To construct or renovate affordable rental complexes

Rural Rental 538 Guarantee Program Provides affordable rental housing to low and moderate income residents

Provides affordable rental housing to low and moderate income residents

Farm Labor Housing Section 514 Loans for farm owners to provide on-farm housing Section 516 grants to non profits and public bodies to house farm laborers off-farm

Section 514 Loans for farm owners to provide on-farm housing

Section 516 grants to non profits and public bodies to house farm laborers off-farm

Housing Preservation Grant NOFA Process Nonprofit or government organization Up to a 2 year grant agreement Must be used in eligible rural area Maximum of 20% for administration

NOFA Process

Nonprofit or government organization

Up to a 2 year grant agreement

Must be used in eligible rural area

Maximum of 20% for administration

Looking to the Future Importance of Partnerships Accessing Federal Pool Dollars Marketing Rural Development Programs Increasing Minority Homeownership Faith Based Initiatives

Importance of Partnerships

Accessing Federal Pool Dollars

Marketing Rural Development Programs

Increasing Minority Homeownership

Faith Based Initiatives

For Additional Information… USDA Rural Development Hillsboro Area Office 514 Harry Sauner Road, Ste 3 Hillsboro, OH 45133 937-393-1921, ext. 4 937-393-1656 FAX [email_address] www.rurdev.usda.gov