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Thu March 17, 2011
Loans, Grants Available In NM Fire-Damaged Areas
KRWG News –
ALBUQUERQUE, N.M. (krwg) Low- and moderate-income families affected by a recent wildfire in southwestern New Mexico could quality for financial help to refurbish, rebuild or buy a home.
Rural Development State Director Terry Brunner says he wants people affected by the fire to be aware of Rural Development programs.
The agency has a direct home loan program that helps low-income residents qualify for a loan.
It also administers the Guaranteed Rural Housing loan program to help moderate-income families buy a home.
Brunner says both programs can provide financial help to rebuild or buy a new home.
Rural Development also has the 504 home loan and grant program, which is available to very low-income rural residents who own and live in a house that needs repairs.
The Silver City-area blaze burned 13 houses.
Copyright 2011 The Associated Press. krwg