Rural Development

Rural Development

Rural Development

USDA Rural Development

Mission:

To increase economic opportunity and improve the quality of life for all rural Americans.

Vision:

A rural America that is a healthy, safe and prosperous place in which to live and work.

Committed to the future of rural communities.

Rural Development

Business & Cooperative ProgramsSupports the creation and expansion of businesses and

cooperatives in rural areas.

Oneida Tribe of Indians of Wisconsin – Oneida, WI (VAPG)

Mountain Spring Hotel – Suring, WI (REAP)

Allesnik, LLC & Pointe Precision, Inc. – Plover, WI (B&I Loan)

Rural Development

Community Facilities ProgramsQuality of Life Improvements

Grantsburg Fire Association – Grantsburg, WI

Prairie du Chien Memorial Hospital – Prairie du Chien, WI

Sheboygan Senior Community – Sheboygan, WI

Sokaogon Chippewa Community – Crandon, WI

Rural Development

Water & Environmental ProgramsImprove Waste, Wastewater, and Water Systems

Rural Development

Housing Programs

Since 2010:

Financed 17,686 home loans.

Provided financing to 986 rural Wisconsin households for necessary repairs, accessibility updates, and to address safety issues.

Invested nearly $75 million in Rental Assistance to more than 22,000 rural residents.

Safe and Affordable Housing

Rural Development

Home Ownership

Rural Housing Ownership

Opportunities

Direct

Guaranteed

Self-Help

Rural Development

Rural Housing Programs

502 Direct Program

Loan Program

Rural Development

502 DIRECT LOAN PROGRAM

*Primary purpose – purchase/construct a home*Can be used to make repairs to an existing home*Refinancing (in case where customer may lose home)*Applicant does not own adequate housing*Fixed rate mortgage – current rate is 3.125%*Term of loan – 33/38 years; 30 years for a manufactured home

Rural Development

*Loans may be made up to 100% of market value – no down payment required – unless asset limitation

is exceeded ($20,000 elderly; $15,000 non-elderly)

*Payment assistance subsidy reduces monthly payments for eligible applicants.

*No PMI (private mortgage insurance) required.*Low and very-low income limits apply

Rural Development

DIRECT PROGRAM INCOME LIMITS

USDA Rural Development

Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482

Voice (715) 345-7620 • Fax 855-715-8496 • Email RD.SFH.SO@wi.usda.gov

USDA is an equal opportunity provider and employer.

County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons

Brown $38,350 $43,850 $49,300 $54,800 $59,200 $63,550 $67,950 $72,350 Buffalo $34,250 $39,150 $44,050 $48,950 $52,850 $56,800 $60,700 $64,600 Calumet $42,200 $48,250 $54,250 $60,300 $65,100 $69,950 $74,750 $79,600 Chippewa $36,900 $42,150 $47,450 $52,700 $56,900 $61,150 $65,350 $69,550 Columbia $41,250 $47,150 $53,050 $58,950 $63,650 $68,400 $73,100 $77,800 Dane $46,050 $52,650 $59,200 $65,800 $71,050 $76,350 $81,600 $86,850 Dodge $37,300 $42,650 $47,950 $53,300 $57,550 $61,850 $66,100 $70,350 Door $35,950 $41,100 $46,200 $51,350 $55,450 $59,550 $63,650 $67,800 Douglas $36,000 $41,150 $46,300 $51,450 $55,550 $59,700 $63,800 $67,900 Dunn $36,750 $42,000 $47,250 $52,500 $56,700 $60,900 $65,100 $69,300 Eau Claire $36,900 $42,150 $47,450 $52,700 $56,900 $61,150 $65,350 $69,550 Fond du Lac $38,000 $43,400 $48,850 $54,250 $58,600 $62,950 $67,250 $71,600 Green $39,300 $44,900 $50,550 $56,150 $60,650 $65,150 $69,650 $74,100 Green Lake $36,850 $42,100 $47,400 $52,650 $56,850 $61,050 $65,300 $69,500 Iowa $41,250 $47,150 $53,050 $58,950 $63,650 $68,400 $73,100 $77,800 Jefferson $40,700 $46,500 $52,350 $58,150 $62,800 $67,450 $72,100 $76,750 Kenosha $40,400 $46,150 $51,950 $57,700 $62,300 $66,950 $71,550 $76,150 Kewaunee $38,350 $43,850 $49,300 $54,800 $59,200 $63,550 $67,950 $72,350 La Crosse $39,300 $44,900 $50,550 $56,150 $60,650 $65,150 $69,650 $74,100 Lafayette $35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750 Lincoln $35,550 $40,650 $45,700 $50,800 $54,850 $58,950 $63,000 $67,050 Manitowoc $36,800 $42,050 $47,300 $52,550 $56,750 $60,950 $65,150 $69,350 Marathon $38,750 $44,300 $49,800 $55,350 $59,800 $64,200 $68,650 $73,050 Monroe $36,250 $41,400 $46,600 $51,750 $55,900 $60,050 $64,150 $68,300

Effective 4/1/2015

Rural Development

DIRECT PROGRAM INCOME LIMITS

USDA Rural Development

Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482

Voice (715) 345-7620 • Fax 855-715-8496 • Email RD.SFH.SO@wi.usda.gov

USDA is an equal opportunity provider and employer.

County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons

Oneida $34,800 $39,750 $44,750 $49,700 $53,700 $57,650 $61,650 $65,600 Outagamie $42,200 $48,250 $54,250 $60,300 $65,100 $69,950 $74,750 $79,600 Ozaukee $41,050 $46,900 $52,800 $58,650 $63,350 $68,050 $72,750 $77,400 Pepin $35,500 $40,550 $45,650 $50,700 $54,750 $58,800 $62,850 $66,900 Pierce $46,050 $52,650 $59,200 $65,800 $71,050 $76,350 $81,600 $86,850 Polk $35,750 $40,850 $45,950 $51,050 $55,150 $59,200 $63,300 $67,400 Portage $39,100 $44,700 $50,250 $55,850 $60,300 $64,800 $69,250 $73,700 Racine $39,050 $44,600 $50,200 $55,750 $60,200 $64,650 $69,150 $73,600 Rock $36,600 $41,850 $47,050 $52,300 $56,500 $60,650 $64,850 $69,050 Sauk $38,550 $44,050 $49,550 $55,050 $59,450 $63,850 $68,250 $72,650 Sheboygan $39,550 $45,200 $50,850 $56,500 $61,000 $65,550 $70,050 $74,600 St. Croix $46,050 $52,650 $59,200 $65,800 $71,050 $76,350 $81,600 $86,850 Trempealeau $35,200 $40,250 $45,250 $50,300 $54,300 $58,350 $62,350 $66,400 Walworth $40,950 $46,800 $52,650 $58,500 $63,200 $67,850 $72,550 $77,200 Washington $41,050 $46,900 $52,800 $58,650 $63,350 $68,050 $72,750 $77,400 Waukesha $41,050 $46,900 $52,800 $58,650 $63,350 $68,050 $72,750 $77,400 Waupaca $35,550 $40,650 $45,700 $50,800 $54,850 $58,950 $63,000 $67,050 Winnebago $39,250 $44,900 $50,500 $56,100 $60,600 $65,100 $69,550 $74,050 Wood $35,200 $40,200 $45,250 $50,250 $54,250 $58,300 $62,300 $66,350 All Other Counties* $34,150 $39,050 $43,900 $48,800 $52,700 $56,600 $60,500 $64,400

*Milwaukee County Is Ineligible For Rural Development Homeownership Programs

Effective 4/1/2015

Rural Development

PROPERTY REQUIREMENTS – DIRECT

Site Size: Site must not be large enough to be subdivided under local subdivision regulations. (If no local zoning, one-acre site is minimum which cannot be subdivided.) AND, the value of the site must not exceed 30% of the “as improved” value. (30% limitation may be exceeded if site cannot be subdivided and is typical for the area).

Site Location: Property must be located in a rural area. Certain counties have ineligible areas. Can check website: www.rd.usda.gov/wi to determine if property is in an eligible area. Milwaukee County is ineligible.

Rural Development

Dwelling: Must meet definition of “modest”. Market value must not exceed the applicable area loan limit. Depending upon the county in which the property is located, this amount varies. Effective June 15, 2015, Wisconsin is apart of Pilot program, utilizing 80% of FHA’s One-Family mortgage limits. In this state most limits will be set at $216,840. Structures: Must not include farm service buildings, however, smaller outbuildings, such as storage sheds are allowed.

Income Producing Property: No

In-Ground Swimming Pools: Prohibited; not acceptable to remove poolto meet this requirement.

Inspection Reports: Satisfactory inspection by State Certified Inspector (or qualified Tradesperson if SCI not available), including heating/cooling, structural soundness, water/sewer and electrical

Rural Development

Condominiums: OK – At least 70% of units must be sold, and not more than 15% of the owners more than 1 month delinquent.

Zero Lot-Line Property: OK-On case by case basis; approval by loan approval official.

New Manufactured Home: Must be purchased/completed/warranted by a RD approved dealer-contractor.

Finance Existing Manufactured Home: No

Lead Based Paint: Rural Development requirements.

Rural Development

PRIVATE WATER & WASTE DISPOSAL SYSTEMS – Direct

Private Well Inspection: Incorporated in (or part of) plumber’s inspection. Basement Well: Only with certification from the DNR that it meets current WI Code as well as satisfactory private well inspection & safe water tests.

Shared Well: Must have “Shared Well Water Agreement” (based on HUD model). Cannot serve more than 4 properties.

Rural Development

504 Home Repair and Rehab

Loans and Grants

Rural Development

504 GRANTS

Remodel dwellings to make them accessible to household members with disabilitiesApplicant must be at least 62 yrs. of age for grantVery low income limits applyMaximum grant assistance is $7,500 (lifetime)Applicant must own & occupy propertyAsset limitations apply

Rural Development

Examples of Section 504 Grant RepairsFunds can be used to:

Remove health & safety hazards– Unsanitary plumbing conditions– Hazardous electrical– Sewer lines or septic tank failure– Unsafe structural conditions– Code violations– Leaking roofs– Faulty heating– Installation of grab bars, railings and other accessibility devices

to assist the elderly or disabled

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Rural Development

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504 LOANS

Maximum of $20,000 under loan programLoan can be amortized over a maximum of 20 yearsFixed 1% interest rateVery low income limits applyApplicant must own & occupy propertyAsset limitations apply

Rural Development

504 LOANSRepairs or Improvements

Funds can be used to:

Improve or modernize home in addition to those items found in the grant program

– Exterior and interior painting– Storm windows/security doors– Insulation– Gutters/downspouts– Replacement of sinks and toilets– Replacement of flooring

Rural Development

Rural Development

504 REPAIR LOAN AND GRANT PROGRAM INCOME LIMITS

USDA Rural Development

Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482

Voice (715) 345-7620 • Fax 855-715-8496 • Email RD.SFH.SO@wi.usda.gov

USDA is an equal opportunity provider and employer.

County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons Brown $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250 Buffalo $21,450 $24,500 $27,550 $30,600 $33,050 $35,500 $37,950 $40,400 Calumet $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800 Chippewa $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500 Columbia $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650 Dane $29,050 $33,200 $37,350 $41,450 $44,800 $48,100 $51,400 $54,750 Dodge $23,350 $26,650 $30,000 $33,300 $36,000 $38,650 $41,300 $44,000 Door $22,500 $25,700 $28,900 $32,100 $34,700 $37,250 $39,850 $42,400 Douglas $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450 Dunn $23,000 $26,250 $29,550 $32,800 $35,450 $38,050 $40,700 $43,300 Eau Claire $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500 Fond du Lac $23,750 $27,150 $30,550 $33,900 $36,650 $39,350 $42,050 $44,750 Green $24,600 $28,100 $31,600 $35,100 $37,950 $40,750 $43,550 $46,350 Green Lake $23,050 $26,350 $29,650 $32,900 $35,550 $38,200 $40,800 $43,450 Iowa $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650 Jefferson $25,450 $29,100 $32,750 $36,350 $39,300 $42,200 $45,100 $48,000 Kenosha $25,250 $28,850 $32,450 $36,050 $38,950 $41,850 $44,750 $47,600 Kewaunee $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250 La Crosse $24,600 $28,100 $31,600 $35,100 $37,950 $40,750 $43,550 $46,350 Lafayette $22,150 $25,300 $28,450 $31,600 $34,150 $36,700 $39,200 $41,750 Lincoln $22,250 $25,400 $28,600 $31,750 $34,300 $36,850 $39,400 $41,950 Manitowoc $23,000 $26,300 $29,600 $32,850 $35,500 $38,150 $40,750 $43,400 Marathon $24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700 Monroe $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750

Effective 4/1/2015

Rural Development

504 REPAIR LOAN AND GRANT PROGRAM INCOME LIMITS

USDA Rural Development

Rural Development • Wisconsin State Office 5417 Clem’s Way • Stevens Point, WI 54482

Voice (715) 345-7620 • Fax 855-715-8496 • Email RD.SFH.SO@wi.usda.gov

USDA is an equal opportunity provider and employer.

County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons Oconto $22,200 $25,350 $28,500 $31,650 $34,200 $36,750 $39,250 $41,800 Oneida $21,750 $24,850 $27,950 $31,050 $33,550 $36,050 $38,550 $41,000 Outagamie $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800 Ozaukee $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400 Pepin $22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850 Pierce $30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200 Polk $22,350 $25,550 $28,750 $31,900 $34,500 $37,050 $39,600 $42,150 Portage $24,450 $27,950 $31,450 $34,900 $37,700 $40,500 $43,300 $46,100 Racine $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050 Rock $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200 Sauk $24,100 $27,550 $31,000 $34,400 $37,200 $39,950 $42,700 $45,450 Sheboygan $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600 St. Croix $30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200 Trempealeau $22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $39,000 $41,550 Walworth $25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250 Washington $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400 Waukesha $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400 Waupaca $22,250 $25,400 $28,600 $31,750 $34,300 $36,850 $39,400 $41,950 Winnebago $24,550 $28,050 $31,550 $35,050 $37,900 $40,700 $43,500 $46,300 Wood $22,000 $25,100 $28,250 $31,400 $33,900 $36,400 $38,950 $41,450 All Other Counties* $21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300 *Milwaukee County Is Ineligible For Rural Development Homeownership Programs

Effective 4/1/2015

Rural Development

Guaranteed Rural Housing Program

Applicants who exceed the income limit for the direct 502 program, may be eligible for the GRH program.

Started in 1991

Has grown to annually a $414 million program assisting some 3300 households becoming home owners.

Voice (715) 345-7623 • Email Wisconsin-GRH@wi.usda.gov

Rural Development

Outstanding RD Portfolio in Indian Country

Program 502504 GRH

Number of Loans 96/2961 35/71065/20572

to American Indians

Percent of Portfolio 3% 5%> 1%

Loans on Trust Lands 37 110

Rural Development

Rural Development

Rural Development Contact Information

1 (715) 345-7620

Ask to be transferred to the Rural Development Office that covers your area of interest.

Rural Development

Dodgeville Area Office Shawano Area Office

138 S Iowa Street, Ste 2 603B Lakeland Road

Dodgeville, WI 53533 Shawano, WI 54166

Phone : (608)935-2791 Phone: (715)524-8522

Fond du Lac Area Office Menomonie Area Office

W6529 Forest Ave., Ste. 200 390 Red Cedar St., Ste. G

Fond du Lac, WI 54937 Menomonie, WI 54751

Phone: (920)907-2976 Phone: (715)232-2614

Stevens Point Area Office Spooner Area Office

1462 Strongs Avenue 800 N. Front St., Rm. 102

Stevens Point, WI 54481 Spooner, WI 54801

Phone: (715)346-1313 Phone: (715)635-8228

Stevens Point State Office

5417 Clem’s Way

Stevens Point, WI 54482

Phone: (715)345-7615