USDA Rural Development

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• USDA RD

– 40+ Programs --Loans, Grants, Loan Guarantees,

Subsidies, and Combinations.

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Building Communities from the Ground Up

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Overview

• Community Programs • Business Programs

• Housing Programs

• Rural Utilities Service • Initiatives

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Community Programs

• 14 Programs

• Community Programs improve essential community services and/or facilities

– Public Service – Public Safety – Health Care

• Eligible Areas

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Community Facility Program

Community Facilities Eligible Projects

Dental Clinic Police Station

Outpatient Clinic Mobile Communications Center

Library Youth Shelter

Museum Food Storage & Distribution

Outdoor Theatre Bridge

Public School Airport Improvements

Street Improvement Railroad Facility

Animal Shelter Public Parking

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Community Facilities Project

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Community Facilities Project

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Community Facilities

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Roy Ambulance

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Angel Fire Fire Station

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Chacon Fire Truck

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Construction of Guadalupe

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Water & Environmental Programs

• Water & Environmental Program develops and upgrades rural water distribution and wastewater facilities

• Eligible Area

– Rural communities with a population of less than 10,000

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Water & Environmental Programs

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Water and Wastewater

Tucumcari Wastewater plant. Rural Development assisted with the upgrade and modernization of the facility.

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Water and Wastewater

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Business Programs

• 17 Programs

– Rural Economic Development Loan & Grant Program – Business & Industry Guaranteed Loan Program

– Rural Business Enterprise Grants – Rural Business Opportunity Grants – Rural Energy for America Program – Value Added Producer Grant

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Rural Economic Development Loan & Grant (REDLG) Program

• REDLG Program Overview

– Electric and telephone rural utility cooperatives are

eligible to apply for REDLG

– The loan/grant funds are then passed through to the

ultimate recipients, which can be any legal entity, including individuals, public bodies, and federally recognized Indian Tribes

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Rural Economic Development Loan & Grant (REDLG) Program

• Local business partnered with

Electric Coop for a REDLG Loan

• Received an

interest-free loan to create a climate

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Business & Industry Guaranteed Loan Program

• Commercial loan guarantees are available for up to 80 percent of the loan amount and can be used for

– Business and industrial acquisitions to help keep the business

from closing

– Business conversion, enlargement, repair, modernization or

development

– Purchase and develop land, easements, right-of-way

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• Source of healthy food needed forAlamo Band of Navajo

• Utilized the USDA RD B&I program for Convenience store/local foods

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• Source of healthy food needed forAlamo Band of Navajo

• Utilized the USDA RD B&I program for Convenience store/local foods

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Read & Stevens Oil Rig Energy Exploration

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Burger King Restaurant Shiprock, NM

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• Moriarty Best Western • Utilized the USDA RD B&I

program for Moriarty Best Western.

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Business & Industry Guaranteed Loan Programhttp://www.rurdev.usda.gov/BCP_BI_LEAP.html

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Rural Business Enterprise Grants

• Rural Business Enterprise Grants are for financing and developing small and emerging private businesses

• Funds can be used for technical assistance, revolving

loan program, incubator/industrial buildings, equipment, and industrial park improvements

• Eligible entities include: non-profit associations, Indian Tribes, and public bodies

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• Santo Domingo Pueblo

received RBEG funds to buy equipment for processing blue corn.

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• Siete Del Norte received RBEG funds to buy building that is made available to small

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• Town of Estancia received RBEG funds to buy

commercial kitchen

equipment that is made available to small business owners.

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Rural Energy for America Program

• Purchase Renewable Energy or make Energy Efficiency

Improvements

• Post-application purchase and installation of equipment;

(except agricultural tillage equipment & vehicles)

• Post-application construction or project improvements;

(except residential)

• Energy audits or assessments; • Feasibility Studies

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• Lighting

• HVAC Systems • Water Heating • Refrigeration

Energy Efficiency Examples

• Irrigation

• Fans and Blowers • Compressors

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• Lighting

• HVAC Systems • Water Heating • Refrigeration

• Replaced lighting for Compass

Components--Deming

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• Mt Taylor Machining

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• Lighting

Renewable Energy Examples

• Taos NM

Photovoltaic

Installation-PPC Solar

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• Lighting

• Bar VK Ranch Solar

Array – Grant County

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• Belen NM

Photovoltaic

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Value Added Producer Grant

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Housing Program

• 10 Programs

– Home Repair Loans – Direct Home Loans

– Guaranteed Rural Housing-loan is held by bank and

guaranteed by USDA

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Multifamily Housing

Desert Sun Apartment Complex -

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Home Repair Program

• Low income individuals can receive low-interest loans to repair their homes

• Funds can be used for making repairs, removing health and safety hazards, and installing essential features

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Home Repair Program

• Eligible Home Repair Projects Can Include: • Wells or hook-ups to rural water

• Septic, plumbing, heating, and electrical systems • Insulation, energy efficient windows and doors

• Improvements to bathrooms, doorways and kitchens to make them handicap accessible

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Home Repair Program

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Home Repair Program

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Guaranteed Home Loans

• 100% financing

• 30-year mortgage

• Flexible qualifying standards

• Not restricted to first time homebuyers

• Moderate Income households

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Direct Home Loans

• 100% financing

• 33-year mortgage

• Flexible qualifying standards

• Not restricted to first time homebuyers

• Low and Very Low household incomes

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Direct Home Loans

502 Home Loan Recipients

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Website: Notice of Funding Availability

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Rural Development New Mexico

Evert Oldham Bob Koenen

Area Director Area Specialist

Aztec, NM Los Lunas, NM

505-334-3090 Ext 111 505-865-4643 Ext 116