INDIANAPOLIS – USDA Rural Development is adjusting the areas in Indiana that are eligible for its Single and Multi-Family Housing Assistance.
Because of the growth and expansion of some of Indiana’s larger cities, a realignment of USDA Rural Development’s eligible areas was necessary.
As cities and population areas surpass a 20,000 population threshold, USDA Rural Development procedures are such that the agency is no longer able to provide financial assistance in these areas. Due to the population increases in these cities and population areas there are three new areas in Indiana where USDA will no longer be able to provide financial assistance: Greencastle, Martinsville, and Lebanon.
Additionally, many cities in Indiana have experienced considerable growth within the last 10 years. In Indiana, there are 26 counties where all or a portion of the counties have ineligible areas for USDA - Rural Development assistance. Of these counties, 16 areas are being expanded.
These expanded ineligible areas include portions of Bartholomew, Boone, Clark, Delaware, Elkhart, Grant, Hamilton, Hancock, Hendricks, Lake, Madison, Monroe, Shelby, Tippecanoe, Vigo, and Wayne counties.
Maps are available detailing the combined new and existing USDA Rural Development ineligible areas. These maps can be viewed by going to the following web site and clicking on “Future Eligible Areas.”
Complete applications for a SFH or MFH direct loan or a loan note guarantee in these newly ineligible areas that have been submitted on or before the close of business Sept. 30, 2013, will be reviewed and acted on. Any incomplete applications that are received will be returned and will not be given any further consideration.
These rules regarding the new and revised USDA ineligible areas go into effect Tuesday, Oct. 1, 2013.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values.