Low Interest Loans for Very Low Income Individuals

PHOENIX Eddie Browning, State Director for USDA Rural Development, recently announced the availability of Section 504 low interest loans for very low income individuals to make needed repairs on their home. Funding may be used for a variety of projects including installing or renovating water or sewer hook-ups, roofing, flooring, lighting, making homes more accessible for people with disabilities, upgrade insulation and weatherization items. Low interest loans are available without an age requirement. The maximum loan amount is $20,000 with an interest rate of one percent (1%) and up to 20 years repayment. USDA Rural Development's mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As a venture capital entity, Rural Development provides equity and technical assistance to finance and foster growth in homeownership, business development and critical community and utility infrastructure. For more information about the Rural Housing loan and grant programs and other USDA Rural Development programs, visit our website at: www.rurdev.usda.gov. USDA Rural Development has thirteen offices located in Arizona; the State Office is located in Phoenix at 602-280-8701.