McCaskill: Joplin Housing Loan Guarantees Extended Through Fall 201


WASHINGTON, D.C. – August 8, 2013 – (RealEstateRama) — U.S. Senator Claire McCaskill today announced that the United States Department of Agriculture (USDA) population waiver for rural development loan guarantees on single family housing for Joplin and Jasper Counties has been extended through September 2014.

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“I told the Joplin community after the devastating tornado that we would be there to help long after the cameras were gone,” McCaskill said. “Since then, we’ve come a long way. This news is another example of the vital federal resources that have helped this resilient community as they continue rebuilding.”

Under a housing program from the USDA known as the 502 Single Family Housing Program, residents of low-population rural communities can access low-cost loans for housing. While the population of Joplin exceeds the limit for the program, community leaders requested, and McCaskill supported, a waiver from Agriculture Secretary Tom Vilsack that would allow Joplin residents to access the resources.

Recently, McCaskill announced an approximately $3 million dollar grant headed to Joplin Schools through the Economic Development Administration to cover a majority of the costs of rebuilding, and equipment for, the Franklin Technology Center, which was destroyed by the tornado.

The total amount of federal resources that have been provided for tornado recovery in Joplin now exceeds $350 million.

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