Federal Help For Ruidoso

Ruidoso – Federal funds could help low- and moderate-income homeowners rebuild or remodel homes damaged by a fire this month in the Ruidoso area of southern New Mexico.

USDA Rural Development says it can provide financial support to buy or repair a home.

Its direct home loan program was created to help low-income people buy a house and its guaranteed rural housing loan program provides affordable home loans to moderate-income people.

Rural Development also administers a loan and grant program to help very low-income rural residents who have a home that needs repairs.

The funds can be used to improve or modernize a home or to remove health and safety hazards.

People in the Ruidoso area who are interested in the financial help can call Rural Development's Roswell office.

Copyright 2011 The Associated Press.