Federal Stimulus Pkg: Rural Housing Services for Home Buyers in Down River, Macomb Michigan

A recently passed bill provides funds to existing USDA Rural Housing Programs to be used for loan programs to finance homes for those meeting the eligibility criteria.

The guaranteed loan program and the direct housing loan program are the two main financing programs under this section of the bill. The direct loan program will be allocated for unsubsidized guaranteed loans to provide assistance for low to moderate-income families to own homes in rural areas.

The recovery package contains key provisions for direct funding toward rural development, nutrition and conservation initiatives. From increasing loans to rural businesses to ensuring broadband coverage, this economic recovery package connects rural America with services they need while at the same time creating jobs and improving lives.

The package includes nutrition assistance programs that will assist farmers who as a result of the economic downturn have experienced decreased demand for their products. It will also help families who have lost jobs to put food on their table.

Some key priorities that the plan will focus on are maintaining and upgrading USDA computer systems, direct farm operating loans and grants to accelerate broadband development in underserved and unserved areas.

Other provisions include funding for the Rural Utilities Service loans and grants for water disposal facilities and grants for essential rural community facilities including hospitals, health clinics, health and safety vehicles and equipment, public buildings, and child and elder care facilities.


Other provisions of the Stimulus Plan include:

First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Low Income Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits and Grants
Transportation Investments
Broadband Deployment


Mark Goedert of Goedert Real Estate provides information, products and resources for real estate investors, REO agents, first-time home buyers and individuals who are selling their home.

Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Huron, Bad Axe, Ingham, Lansing, Okemos, Mason, Jackson, Kent, Grand Rapids, Rockford, Byron Center, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.