Ohio Rural Development

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Our mission is to 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.

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Ohio Rural Development

  1. 1. RURAL DEVELOPMENT OHIO UNITED STATES DEPARTMENT OF AGRICULTURE
  2. 2. Our Mission <ul><li>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 </li></ul>
  3. 3. 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
  4. 4. Program Areas <ul><li>Rural Business Programs </li></ul><ul><li>Rural Housing Programs </li></ul><ul><li>Community Development Programs </li></ul>
  5. 5. Rural Business Programs <ul><li>Business and Industry Loan Guarantee </li></ul><ul><li>Intermediary Relending Program </li></ul><ul><li>Rural Business Opportunity Grants </li></ul><ul><li>Rural Business Enterprise Grants </li></ul><ul><li>Value Added Agriculture Marketing Grants </li></ul><ul><li>Cooperative Development </li></ul><ul><li>Renewable Energy Programs </li></ul>
  6. 6. Business and Industry Loan Guarantee <ul><li>Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs </li></ul><ul><li>Eligible Areas: 50,000 or less Population </li></ul><ul><li>Typical Loan Guarantee is $1 - 2 million but range from $500,000 to $10 million </li></ul><ul><li>Incentive to Banks – secondary market </li></ul><ul><li>Incentive to Business – a secured loan can warrant favorable terms and rate </li></ul>
  7. 7. 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
  8. 8. Intermediary Relending Program <ul><li>A loan to a non-profit or public entity </li></ul><ul><li>Rate of 1%, Term of 30 years </li></ul><ul><li>Up to $750,000 a year </li></ul><ul><li>Funds are reloaned to rural businesses </li></ul>
  9. 9. Rural Business Opportunity Grants <ul><li>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 </li></ul><ul><li>National competition for funding </li></ul>
  10. 10. Rural Business Enterprise Grants <ul><li>Grants to non-profits and public bodies to develop small and emerging rural business enterprises </li></ul><ul><li>State allocation of a little over $1 million </li></ul>
  11. 11. 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
  12. 12. Value Added Agriculture Marketing Grants <ul><li>Physically segregates an agricultural commodity/product to enhance its value </li></ul><ul><li>Helps expand customer base for products, commodities </li></ul><ul><li>Result in greater portion of revenues being available to producer </li></ul>
  13. 13. Cooperative Development <ul><li>Rural Cooperative Development Grants – Grants made to establish rural co-op centers </li></ul><ul><li>OSU South Centers successful applicant in Ohio </li></ul>
  14. 14. 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
  15. 15. Renewable Energy <ul><li>Renewable Energy Grant Program </li></ul><ul><li>Energy Efficiency Grants </li></ul>
  16. 16. Community Facilities Program <ul><li>Direct WWD loans and grants </li></ul><ul><li>Guaranteed WWD loans </li></ul><ul><li>Direct CF loans and grants </li></ul><ul><li>Guaranteed CF loans </li></ul>
  17. 17. Community Facilities Program <ul><li>Direct WWD loans and grants </li></ul><ul><li>Guaranteed WWD loans </li></ul>Construction of a new Water Treatment Plant and Water Tower in New Paris, OH Preble County
  18. 18. Community Facilities Program <ul><li>Direct CF loans and grants </li></ul>Highland County HI-TECH Center Hillsboro, OH
  19. 19. Community Facilities Program <ul><li>Direct CF loans and grants </li></ul>Rarden Fire Department Rarden, Ohio Scioto County
  20. 20. Community Facilities Program <ul><li>Guaranteed CF loans </li></ul>Preble County YMCA Eaton, Ohio
  21. 21. Community Facilities Program <ul><li>Guaranteed CF loans </li></ul>Highland County Community Action Organization / Head Start Hillsboro, Ohio
  22. 22. Community Facilities Program <ul><li>Guaranteed CF loans </li></ul>Seaman Medical Clinic Seaman, Ohio Adams County
  23. 23. Home Ownership Programs <ul><li>Direct Loans </li></ul><ul><li>Guaranteed Loan Program </li></ul><ul><li>Mutual Self Help </li></ul><ul><li>Home Repair Program </li></ul>
  24. 24. Rural Housing 502 Direct Loans <ul><li>Mortgage financing to low and very low income families who cannot obtain private financing </li></ul><ul><li>Funds to purchase suitable existing homes, new site builds </li></ul><ul><li>Up to 100 % financing of market value or cost Good credit history required </li></ul><ul><li>33 year loans, payments based on income </li></ul>
  25. 25. Rural Housing 502 Direct Loans Lebanon, OH Warren County
  26. 26. 502 Guaranteed Loan Program <ul><li>Mortgage guarantee for low to moderate income families </li></ul><ul><li>No down payment, no mortgage insurance </li></ul><ul><li>Income limited at 115% of area median </li></ul><ul><li>Typical 30-year fixed rate, no loan limit </li></ul><ul><li>Can be combined with OHFA bond, MCC or 2-1 buydown programs </li></ul>
  27. 27. 502 Guaranteed Loan Program Ashville, OH Pickaway County
  28. 28. 523 Mutual Self Help <ul><li>Sweat equity </li></ul><ul><li>Helps households under 80% of area median income finance/build their home </li></ul><ul><li>Local non-profit obtains Section 523 grant, hires construction supervisors, pays administrative expenses </li></ul><ul><li>Section 523 site loan also available </li></ul>
  29. 29. 523 Mutual Self Help Self-Help Homes Arbor Village Washington Courthouse, Ohio Fayette County
  30. 30. 504 Home Repair Program <ul><li>To remove health and safety hazards to very low income homeowners </li></ul><ul><li>To finance needed repairs </li></ul>Before After
  31. 31. Rental Housing <ul><li>Rural Rental Housing Direct Loans </li></ul><ul><li>Rural Rental Guarantee Program </li></ul><ul><li>Farm Labor Direct Housing </li></ul>
  32. 32. Rural Rental 515 Direct Housing Loans <ul><li>To construct or renovate affordable rental complexes </li></ul>Clinton East Sabina, Ohio Clinton County
  33. 33. Rural Rental 538 Guarantee Program <ul><li>Provides affordable rental housing to low and moderate income residents </li></ul>
  34. 34. Farm Labor Housing <ul><li>Section 514 Loans for farm owners to provide on-farm housing </li></ul><ul><li>Section 516 grants to non profits and public bodies to house farm laborers off-farm </li></ul>
  35. 35. Housing Preservation Grant <ul><li>NOFA Process </li></ul><ul><li>Nonprofit or government organization </li></ul><ul><li>Up to a 2 year grant agreement </li></ul><ul><li>Must be used in eligible rural area </li></ul><ul><li>Maximum of 20% for administration </li></ul>
  36. 36. Looking to the Future <ul><li>Importance of Partnerships </li></ul><ul><li>Accessing Federal Pool Dollars </li></ul><ul><li>Marketing Rural Development Programs </li></ul><ul><li>Increasing Minority Homeownership </li></ul><ul><li>Faith Based Initiatives </li></ul>
  37. 37. 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

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