USDA Makes Disaster Resources Available to Rural Development Borrowers
The United States Department of Agriculture, Rural Development is providing tools and resources to help rural communities recover from the devastation brought by hurricanes Harvey and Irma, Agriculture Secretary Sonny Perdue highlighted today. The emergency procedures will provide additional flexibility for Rural Development borrowers and community partners to help them recover as quickly as possible and ensure they have what they need to rebuild their homes, businesses and communities.
“Our team at Rural Development is devoted to supporting rural communities ravaged by the recent hurricanes,” said Secretary Perdue. “We are committed each day to the recovery effort, collaborating with federal, state and local partners to begin to rebuild.”
USDA Rural Development has provided disaster recovery assistance by coordinating with private partners to restore utilities to rural communities in hurricane-affected regions.
Rural Development is helping businesses and utilities that are current USDA borrowers by considering requests to defer principal and/or interest payments, and to provide additional temporary loans. Current USDA single-family home loan customers may also qualify for assistance. Borrowers can contact their local Rural Development office to obtain information on potential assistance.
USDA Rural Development is partnering with the Federal Emergency Management Agency (FEMA), which is taking the lead to provide emergency housing for people who need it in these affected areas.