In this issue:
Marshall Islands Development Bank celebrates 100th self-help home
About 4,800 miles off the shores of Seattle, Marshall Islands Development Bank (MIDB) recently celebrated the completion of 100 self-help homes. Read more>>
Policy update
During the past couple of years, the National Rural Housing Coalition has asked its members and Rural Development to think of ways to increase the number of applicants who qualify as very low-income buyers. Read More >>
The self-help spotlight website: use it for all it’s worth
The self-help housing spotlight website was created in 2011 as a regional website meant to showcase economic impact. During the 50years/50khomes campaign in 2015 the website was redesigned and became a national website with two purposes: to connect organizations across the country and to expand the online presence of the Mutual Self-Help Housing Program. Read how your organization can add or update its profile >>
Dear Sher
Question 1: My state has not allowed married individuals to apply for Section 502 loans separately and has required they either both be on the loan or they can’t be approved. With the new changes to HB 3550 it sounds like I can now have just one person of a married couple apply; how do I do this?
and
Question 2: I am looking at the Q&A from the Rural Development webinars and am wondering if this is true? Read Sher’s tips and more >>
Upcoming events
Section 502 Packaging Training for Nonprofit Developers
Tuesday, June 28, 9:00AM – Thursday, June 30, 4:00PM
Hosted by Housing Assistance Council @ Hilton Burlington, Vermont
This three-day advanced course covers USDA Rural Development’s Section 502 Direct Loan Program and provides invaluable insight as to how this homeownership financing resource can be utilized. Learn how to assist potential borrowers and work in partnership with Rural Development staff, as well as other nonprofit organizations and regional intermediaries to deliver successful Section 502 loan packages.
This course is intended for and specifically framed for those experienced in using Section 502 and/or other affordable housing mortgage products. Participants will learn regulations and practical applications of the loan program while developing a strong understanding of 502 direct underwriting and packaging standards. Following the course, participants are encouraged to take the online certification exam. For more information go here >>
Save the date – The Housing Assistance Council’s Rural Housing Conference
Washington, DC
Nov. 29 – Dec. 2, 2016
Renaissance DC Downtown Hotel
999 9th St. NW
For more information »
Create. Challenge. Change. | Economic Development Conference for the Denver Region
Denver, D
Nov. 29 – Dec. 2, 2016
Grand Hyatt
Early bird registration ends June 30.
For more information »
RCAC’s Self-Help Builder News is funded by USDA Rural Development
The newsletter is published quarterly for the western region self-help network at no cost to subscribers. We encourage correspondence and contributions.
Stanley Keasling, chief executive officer
Angela Sisco, executive editor
asisco@rcac.orgSharon Wills, managing editor
swills@rcac.orgEditorial office, West Sacramento, CA (916) 447-2854
Stay updated. Stay informed. Join the newsletter >>
