West Sacramento, Calif. — RCAC is hosting a Section 502 direct loan packaging training in Portland, Oregon, November 17 – 19 at the Double Tree by Hilton Portland. This three-day advanced course will cover USDA RD’s Section 502 direct loan program and provide invaluable insight as to how this homeownership financing resource can be used in your communities.
Learn how your organization can assist potential borrowers and partner with RD staff in your state to deliver successful Section 502 loan packages. Through this course participants will learn the loan program regulations and practical applications. Participants will develop a strong understanding of 502 direct underwriting and packaging standards, which will ensure that submitted loan dockets are complete and ready for processing.
This advanced course is for those experienced in using Section 502. The course is also excellent for Mutual Self-Help Housing grantees who want to build their skills in packaging loans for participating households.
Early bird registration rates end November 1, and a limited number of sleeping rooms at a discounted rate are available until October 25, or until the room block is sold out. For more information or to register for this event, visit the RCAC website at: www.rcac.org, under Trainings & Events/All Events or go here https://goo.gl/O3VuWM.
Angela Sisco, RCAC Rural Development Specialist, and Tammy Repine, USDA Finance and Loan Analyst, will conduct the training.
Founded in 1978, RCAC provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC serves rural communities in 13 western states and certain Pacific islands. Services are available to communities with populations of fewer than 50,000, other nonprofit groups, tribal organizations, farmworkers, colonias and other specific populations. With an annual operating budget of more than $15 million and more than 100 employees working from 52 field offices, RCAC is an important resource to low-income rural communities throughout the West
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Contact: Sharon Wills
RCAC Senior PR Communications Coordinator
916/447-9832 ext. 1005
swills@rcac.org
