Free Housing Workshop tonight in Fulton for new construction, home repairs in Fulton, South Fulton
Fulton County along with South Fulton has been designated as a Rural Partnership Network, a Partnership with multiple Federal Funding Agencies designed to assist communities that have suffered from persistent poverty.
This Partnership will bring opportunities to the community for funding of projects designed to reverse economic decline.
The Fulton County Rural Partners Network Team has chosen housing as one of the first programs, currently working with USDA and their housing loan and grant programs to assist our residents with housing needs.
These programs can assist with making home repairs or financing of new homes, both existing and new construction.
To begin the process, a workshop will be conducted, to provide information on loans and grants to residents of Fulton and South Fulton to measure the level of citizen interest in the housing program. A workshop will be held at Fulton City Hall at 5 p.m., tonight, Nov. 22, for the residents of the Fulton and South Fulton area.
Brad Rodgers, Community, Liaison with Rural Partners Network- Kentucky, Rural Development- Mayfield Field Office, U.S. Department of Agriculture, contacted South Fulton City Manager Joyce Gray, to confirm he had contacted Judy Alexander at the Union City USDA RD office and she emailed to him, the TN pre-qualification forms.
Those interested in purchasing a home (502 program) or repairing one (504 program), are invited to attend this w this workshop. USDA does look at credit scores and debt to income ratios, but the loan program could include a is a home purchase 502 loan with a current rate of 3.25% with no down payment.
Typically, for the home repair 504 loan, it is typically a 1% loan for 20 years and those who are grant income eligible and 62 or older could be eligible for a grant of up to $10,000.
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