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USDA Celebrates National Homeownership Month PDF Print E-mail
Business & Jobs
Written by USDA, Kevin Tuttle   
Tuesday, 02 June 2015 10:33

single-family-homeHome-ownership Opportunities with No Down-payment Home Loans Available Now

STEVENS POINT, WI - The U.S. Department of Agriculture (USDA) Rural Development kicked off National Home-ownership Month Monday by highlighting USDA’s ongoing role to help residents of America’s small towns and cities purchase homes in rural areas. In celebration,USDA Rural Development Wisconsin Housing Program Director, Dave Schwobe, announced the continued availability of funds for home-ownership loans to rural Wisconsin residents.

Home-ownership provides a strong foundation to help build household wealth, start a business or fund education through home equity. Since the creation of USDA’s single-family housing programs in 1949, USDA has helped more than 3 million rural residents access the American dream of home-ownership.

In Wisconsin, USDA Rural Development has over $9 million dollars available in Direct Home Loan Program funds to help rural residents become homeowners.

“Wisconsin has initiated a campaign that is designed to promote full utilization of Fiscal Year 2015 annual appropriations” said Schwobe. “With these funds, USDA can assist nearly 100 additional individuals and families become successful homeowners this year. We have made processing these applications a priority.”

Direct Single Family Housing Loans are available at 100 percent financing with no down payment directly through USDA Rural Development for a period of 30-38 years, and at a reasonable interest rate, currently 3.125 percent.  Qualification for a Rural Direct Home Loan is also based on the household’s income.  A portion of the interest payment on the loan may be subsidized by the Federal Government, making purchasing a home more affordable for families and individuals who live, or want to live, in rural Wisconsin.  USDA Rural Development Rural Direct Home Loans may be made for the purchase of an existing home or new home construction.

Last Updated on Tuesday, 02 June 2015 17:40
USDA Announces $30 Million Available for Food Entrepreneurs and Producers PDF Print E-mail
Business & Jobs
Written by USDA   
Friday, 15 May 2015 15:51

dairyfarmFunding to support beginning, veteran, and socially-disadvantaged farmers and ranchers to expand businesses.

Walker's Policy Responsible for 700 Layoffs at Slinger Based Company PDF Print E-mail
Business & Jobs
Written by Assembly Democrats, Laura Smith   
Friday, 10 April 2015 11:52

layoffsMADISON – Slinger-based GeminiCares, Inc. announced on Thursday that they are going out of business and laying off their more than 700 employees due to Governor Walker’s dramatic proposed changes to Wisconsin’s long-term care system.

In a statement released Thursday, Assembly Democratic Leader Peter Barca (D-Kenosha) said about the layoffs:

“It’s ironic that after Governor Walker blamed Wisconsin’s lagging jobs record on ‘uncertainty’ surrounding the recall elections that he would knowingly create such uncertainty with our state’s long-term system that will lead to 700 people losing their jobs.

“Unfortunately this kind of news is exactly what can happen in what respected business leader John Torinus called the governor’s ‘government by surprise.’ The governor’s lack of planning and inclusiveness and failure to involve people in important public policy has had devastating consequences for the citizens of our state. Even the governor’s own Health Services Secretary knew nothing about these long-term changes until the budget was introduced.

“Strong long-term care services are vital for maintaining a high quality of life for thousands of seniors and people with disabilities across Wisconsin. Democrats and even some Republicans have called for removing non-fiscal policy items from the budget, but it’s especially important that we remove policy items that can have a negative impact on seniors, people with disabilities and others with fragile health conditions.

“If we don’t remove these harmful long-term care provisions from the budget, we could potentially see many more devastating announcements like we saw with GeminiCares today.”

Last Updated on Friday, 10 April 2015 13:49
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