New Castle News

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April 12, 2013

Federal program offers low-income home aid

NEW CASTLE — USDA Rural Development is announcing local residents may be eligible for the 504 Loan and Grant home repair program.

The program provides for loans and grants to very low-income homeowners to repair, improve or modernize their properties or to remove health and safety hazards.

In Lawrence County, homes with four occupants and a household income of $27,900 may be eligible for the program.

Grants up to $7,500 are available to homeowners who are 62 or older. Loans up to $20,000 are also available for up to 20 years at a 1 percent interest rate for income-eligible borrowers.

More information is available by contacting Barry Miller at (814) 336-6155.

Additional information also is available by visiting Rural Development’s new interactive web map featuring program funding and success stories for fiscal years 2009-2011. The data can be found at: www.rurdev.usda.gov/RDSuccessStories.html.

The United States Department of Agriculture, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.

More information on Rural Development is available at www.rurdev.usda.gov.

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