USDA Rural Development’s Post

For first-time borrowers who are self-employed, unemployed, or have other non-traditional employment, we can provide home financing without income and employment verification! Here’s what you need to know: ✅ Available for owner-occupied or second homes ✅ Gift funds for down payment and closing costs accepted This opportunity is exclusively available for 11 states, including Hawaii! Reach out today to find out if you qualify. #BluPrintHomeLoans #FirstTimeHomebuyer #HomebuyingTips #BusinessOwner #SelfEmployed #Homeownership #TopMortgageLender #MortgageLenderNearMe #MortgageTips

Relocation has become more possible due to the rise in remote work in recent years, and according to Redfin, around one third of agents they surveyed stated they had worked with "at least one client who moved primarily because of local laws or politics in the last year (2023)". Have you seen a recent rise in clients relocating for similar reasons? https://loom.ly/UVE1wtU #relocating #realestate

Aging in Place for Rural Areas Are you serving clients in rural areas on low income over the age of 62? If so, check this out! Rural Housing: Housing Repair Loans and Grants You can access loans of up to $20,000 and grants reaching $7,500. These loans span a 20-year term at a minimal 1 percent interest rate. Mortgages for real estate are mandatory for loans exceeding $7,500, along with full title services. In case of a property sale within three years, grants might need to be reimbursed. Combining loans and grants permits a total assistance of $27,500. Quick number crunch: $92 a month for 20 years to pay off a loan that could significantly improve your ability to live safety and independently in your home of choice. Ryan Salmon, OTR/L, ECHM, Contractor, Aging in Place Consultant safeaccessiblehome.com

 Exciting news for Greater Minnesota! The Minnesota Housing and Finance Agency recently opened the application period for the Workforce Housing Development Program (WHDP), with $39 million in grant funding available to bolster rental workforce housing initiatives in small to midsize cities across Greater Minnesota. This significant boost in funding, secured through the 2023 legislative session, aims to support cities partnering with developers to construct market-rate residential properties. The goal? To meet the ever-growing housing needs of our expanding workforce, ensuring our communities remain vibrant and our economy thrives. Applications from developers directly won't be accepted; this is a call for cities to lead the charge, with the requirement to secure matching funds of at least $1 for every $2 in funding provided through WHDP. Plus, these funds come as unsecured, zero-interest, three-year deferred forgivable loans. Apply now! #WorkforceHousing #GreaterMinnesota #CommunityDevelopment #HousingCrisisSolution https://lnkd.in/gEmFz4Az

🏗️💼 Interested in building assisted living facilities for seniors? Learn about the ins and outs of securing construction loans in our latest post! Assisted living construction loans play a vital role in bringing these essential facilities to life, offering care and support to older individuals in residential settings. From traditional bank loans to government-backed programs, there are various avenues for developers to explore. Our post covers everything from the types of loans available to the process of obtaining them and the factors influencing approval. Discover how these loans can fuel growth and expansion in the assisted living sector, despite challenges such as market fluctuations and regulatory compliance. We also share tips for success and real-life case studies showcasing successful projects. Whether you're a seasoned developer or a newcomer in the field, understanding assisted living construction loans is key to making your vision a reality. Check out our post for all the details you need to know! #AssistedLiving #ConstructionLoans #SeniorCare #RealEstate #Development 🏡💡

Dealing with vacant, abandoned, and deteriorated properties is a daunting and expensive task for communities across the country. The Neighborhood Revitalization and Land Banking Act, S. 4146, introduced in the Senate on April 18, 2024 by Senators Bob Casey (D-PA) and Shelley Moore Capito (R-WV), is an exciting new development for struggling communities that have experienced decades of disinvestment, loss of industry, and population decline that have left them with more vacant properties than the market can absorb. The bipartisan bill is an important step in giving rural, urban, and suburban communities the tools to address “blighted” properties. The key focus of the bill is providing support to land banks, a tool many communities are adopting to support economic and neighborhood revitalization.  Finding solutions to these challenges is essential. If communities can’t overcome the barriers to getting vacant properties back to new, responsible ownership, they will continue to pose significant costs to public health, property values, local taxpayers, and more. https://lnkd.in/ecHuNZWv

It is great to see another promising development in the fight against blight! The Neighborhood Revitalization and Land Banking Act, S. 4146, introduced by Senators Bob Casey and Shelley Moore Capito, is a bipartisan beacon of hope for communities grappling with vacant and deteriorated properties. This bill and ones like PA House H.B. 255 introduced by Representative Merski will allow municipalities to continue to fight this crucial issue aggressively. Here in Erie, our efforts to combat blight would get a significant boost. This bill, aimed at supporting land banks and neighborhood revitalization, aligns with the hard work we've been doing to transform the Erie community. By giving us the tools to turn these neglected spaces into assets, we can enhance public health, increase property values, and alleviate the financial burden on our taxpayers. The journey of renewal is long, but with initiatives like S. 4146, we're one step closer to restoring vibrancy to our neighborhoods. Let's continue breaking down barriers and rebuilding more robust, inclusive communities. #CommunityDevelopment #EriePA #LandBanking #Revitalization

US Treasuries & Rates are down dramatically

One of the key advantages of getting a construction loan at a community bank is the ability to work directly with decision-makers who understand the local market. Unlike online lenders or large national banks, community banks have deep roots in the communities they serve and are invested in the success of local projects. This local expertise can be invaluable when navigating zoning regulations, permitting requirements, and other local considerations that can impact the construction process. https://bit.ly/4cpyAgv #constructionloans #communitybanks

All Memphians should be able to build wealth through education, homeownership, estate planning, and career advancement and stay afloat through unexpected hard times. Low credit scores or a lack of good credit history can hurt a household’s ability to access financial resources, and predatory lending practices create debt traps for low-income residents. The fourth strategy in the Community Development plan is to restrict the establishment of payday lenders and provide alternative, safer access to more fair and affordable loans. 🔑🏦 #MFMStrategies #Memphis #ShelbyCountyTN #loans #paydaylenders