Bishop receives big check for second district housing - WALB.com, Albany News, Weather, Sports

Bishop receives big check for second district housing

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Breaking

    Jury struck in salmonella outbreak trial

    Jury struck in salmonella outbreak trial

    Thursday, July 31 2014 11:26 AM EDT2014-07-31 15:26:54 GMT
    Sign at the Peanut Corporation of AmericaSign at the Peanut Corporation of America
    A jury is expected to be struck Thursday morning in the trial of three people charged in a deadly salmonella outbreak linked to a peanut plant in Georgia.More >>
    A jury is expected to be struck Thursday morning in the trial of three people charged in a deadly salmonella outbreak linked to a peanut plant in Georgia.More >>
  • Campaign to help adults go back to college

    Campaign to help adults go back to college

    Thursday, July 31 2014 8:55 AM EDT2014-07-31 12:55:40 GMT
    Georgia officials are teaming up with the state's universities and technical colleges to get adults back in School. The campaign will help returning students with scheduling and course selection.More >>
    Georgia officials are teaming up with the state's universities and technical colleges to get adults back in School. The campaign will help returning students with scheduling and course selection.More >>
  • Missing man with Alzheimer's Disease Found

    Missing man with Alzheimer's Disease Found

    Thursday, July 31 2014 4:34 AM EDT2014-07-31 08:34:46 GMT
    Authorities in Berrien County are searching for a man with Alzheimer's Disease that has gone missing.They say John Bethea was last seen heading south on White Pond Road in Nashville at 11 a.m.More >>
    Authorities in Berrien County are searching for a man with Alzheimer's Disease that has gone missing.They say John Bethea was last seen heading south on White Pond Road in Nashville at 11 a.m.More >>
June 1, 2007
from the Congressman's Office

ALBANY- Congressman Sanford Bishop received a ceremonial big check Friday for $6,690,180 from F. Stone Workman, State Director of United States Department of Agriculture (USDA) Rural Development for the state of Georgia, to celebrate Home ownership Month.

The check represents federal loan funds that helped 171 families in the Second Congressional District become new homeowners in the last year and a half through USDA Rural Development.

"For many families, purchasing a new home is a watershed event. By facilitating home ownership for lower- and middle-income families, USDA Rural Development provides a fresh start to those families and, in the process, also gives a little boost to the local economy," said Bishop. "I am so pleased to be here today to receive this check, and even more pleased to be able to thank Stone in person. USDA Rural Development has served the Second Congressional District of Georgia very well."

USDA Rural Development has been making home loans in rural Georgia for 58 years. Programs have evolved with the times and have proven essential for some families.

According to Workman, for many moderate and low income families USDA Rural Development is the only lender. Furthermore, the agency provides an option to families who are sometimes living in unsafe housing conditions but who have credit that would keep a regular lender from taking a chance. USDA Rural Development can help them gain access to decent housing and most of those loans are eventually converted to conventional loans.

Rural Development has several programs for rural Georgians. For those wanting to buy their first home, Rural Development can make a direct or a guaranteed home loan to qualified families. Income limits are different for each county and are based on median household income and the number of people living in the dwelling.

The guaranteed rural housing program has been growing steadily since its inception in 1991 and is for moderate income families. Almost $1 billion has been invested in Georgia through this program with 22,221 families becoming homeowners. The loan is made through a regular lender and Rural Development guarantees up to 90% of the loan.

All housing programs are administered out of 21 local offices around the state. Office locations and phone numbers can be found on the website at: http://www.rurdev.usda.gov/ga