Wednesday, August 4, 2021


The youngest students along with faculty and staff will need to mask up in states like New Mexico; and President Biden calls for New York Gov. Andrew Cuomo to resign following a report on sexual harassment.


Gov. Andrew Cuomo reacts to sexual harassment report; CDC places new limits on evictions until October; and a new study finds Democrats could lose control of US House in 2022 due to Republican gerrymandering.

Home Loan Program Aims to Boost Rural Economies


Tuesday, June 8, 2021   

LYONS, Neb. -- Homeownership remains out of reach for many hard-working Nebraska families because of stagnant wages and lack of access to traditional mortgages.

Kim Preston, rural enterprise assistance project director at the Center for Rural Affairs, said their new loan program aims to provide minority communities and low- and middle-income families an alternative path to buying or repairing a house.

She pointed out a lot of people say they want to relocate to small communities, to raise a family or to bring their families back to the place where they grew up.

"A lot of times, the barrier is homeownership," Preston explained. "The housing supply isn't there, the housing supply might need some rehab or some tender loving care. Or the banks aren't able to assist with that small dollar product, and that's the niche we aim to fill."

In Nebraska, the homeownership rate for Latino residents is 42%, compared with 70% for non-Latino white residents.

The program offers loans of $5,000 to $100,000 dollars toward the purchase of a home, or to help homeowners with renovation or emergency property repairs.

Preston stressed rural areas tend to have fewer quality housing options available than urban communities. Small towns have lower home vacancy rates, aging housing stock, and not enough new home construction. She added adequate and affordable housing is a quality-of-life issue, and homeownership helps support local schools.

"And it also plays an important role in the economic development of that community," Preston contended. "If a community doesn't have local housing, then it can really undercut successful business startup as well as business growth strategies."

Preston emphasized the larger goal, as a community-based lender, is to create an economy that works for everyone who calls rural America home.

Applicants will not be required to provide a down payment, but Preston noted people who can put money down could be eligible for discounted interest rates.

Disclosure: Center for Rural Affairs contributes to our fund for reporting on Budget Policy and Priorities, Environment, Hunger/Food/Nutrition, and Rural/Farming Issues. If you would like to help support news in the public interest, click here.

get more stories like this via email
Unilever, the parent company of Ben & Jerry's, could land on a list of more than 60 blacklisted companies prohibited from doing business with the State of Florida. (Stevepb/Pixabay)

Health and Wellness

TALLAHASSEE, Fla. - Gov. Ron DeSantis is promising to block any state money from going to the parent company of ice-cream maker Ben & Jerry's unless …

Social Issues

LAS VEGAS - Las Vegas is trying to make it easier for people experiencing homelessness to get to their appointments with social service agencies by in…


BILLINGS, Mont. - Montanans are being challenged this month to eat locally grown foods, every day of August. The Northern Plains Resource Council is …

Arkansas Advocates for Children and Families is also asking the Arkansas Legislature to reconsider Act 977, which bans state and local officials from mandating COVID-19 vaccinations. (Adobe Stock)

Social Issues

LITTLE ROCK, Ark. -- COVID-19 has given a whole new meaning to the term "Extraordinary Session," as state lawmakers are in Little Rock again today to …

Health and Wellness

SEATTLE - Speaking to folks who are hesitant about getting the COVID-19 vaccine has gained a new sense of urgency as the Delta variant pushes cases up…

Ayolanda Evans Mack of the group Protect Minnesota is at the helm of a new documentary about what it would take to rid a community of gun violence. (Black Light Media)

Social Issues

MINNEAPOLIS - Cities such as Minneapolis are getting attention over waves of gun violence in recent months. A statewide group hopes a new documentary …

Social Issues

FARGO, N.D. -- The people behind efforts to recall four Fargo School Board members have until August 25th to collect signatures. Ahead of that …

Social Issues

By Katie Fleischer for Ms. MagazineBroadcast version by Lily Böhlke for Tennessee News Service/Public News Service NASHVILLE, Tenn. -- After …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021