Thread: Hundreds of Latinos in rural Iowa will be aid to buy home LATINOS USA

Hundreds of Latinos in rural Iowa will be aid to buy home


LATINOS USA

4:21 pm Sept. 27, 2016


The US Department of Agriculture (USDA) announced today a project of aid that will allow some 2,800 residents Latino families
in rural Iowa buy homes over the next decade. EFE / FILE

Denver (CO), 27 Sep (EFEUSA . ) - The US Department of Agriculture (USDA) announced today a project of aid that will allow some 2,800 residents Latino families in rural Iowa buy homes over the next decade. This program is an expansion of a federal project that seeks to reduce the "opportunity gap" separating Latinos in the rest of the population in that state.

With this initiative, USDA wants to respond to the rapid growth of the Latino population in Iowa, which doubled over the past 15 years, reaching the 170,000 current residents, and that is projected to triple over the next three decades, reaching in 450,000 people.

As part of the implementation of the new initiative, this year was awarded to the credit union Community 1st Credit Union, based in Ottumwa, the "Together We advance" certification to provide financial services to the Hispanic community, including mortgages.

That cooperative now work in 14 small towns and if the goals established in each community could help up to 200 families, mostly Mexicans, to buy your home for the next 10 years are reached.

In addition to mortgage loans, the cooperative will also offer financial education programs in Spanish for Latinos in rural communities in Iowa.

"With such a large increase in our Latino population, an important priority for USDA Rural Development continues to be our commitment to affordable housing for all Americans in rural areas," he said in remarks prepared Bill Menner, director of the Office of Rural Development USDA in Iowa.

"Being a home owner provides a solid foundation that helps people build family wealth and climb the ladder of economic opportunity," he added.

However, according to a report of 2013 of the journalistic organization focused on community issues IowaWatch, Latinos and African Americans in Iowa lack precisely these economic opportunities due, among other factors, to institutional racism, negative stereotypes against minorities, cultural and language barriers and little support from the state authorities.

The report notes that while 75% of whites own their homes, less than half of Latinos own their home, a significant decrease from 1970, when 60% of Hispanics in Iowa owned.

The new project, based on a pilot project in Texas in 2005, promotes collaboration of federal and state agencies with entrepreneurs and local organizations "to support Latino families and other immigrants who move to rural Iowa", ie, areas with communities of fewer than 20,000 residents.

http://translate.google.com/translat...%2Fnoticias%2F

Housing Assistance

04/07/2015

Housing for Individuals

USDA provides homeownership opportunities to rural Americans, and home renovation and repair programs. USDA also provides financing to elderly, disabled, or low-income rural residents in multi-unit housing complexes to ensure that they are able to make rent payments.

• Single Family Housing Direct Home Loans
• Single Family Housing Guaranteed Loan Program
• Multi-Family Housing Rental Assistance

Housing Development Opportunities


USDA works with public and nonprofit organizations to provide housing developers with loans and grants to construct and renovate rural multi-family housing complexes. Eligible organizations include local and state governments, nonprofit groups, associations, nonprofit private corporations and cooperatives, and Native American groups.

• Single Family Housing Repair Loans and Grants
• Mutual Self-Help Housing Technical Assistance Grants
• Multi-Family Housing Direct Loans
• Farm Labor Housing Direct Loans and Grants
• Housing Preservation Grants
• Rural Housing Site Loans

Lender Opportunities


USDA improves rural community economic health by working with private lenders to guarantee loans to borrowers for the construction of rural multi-family housing units and individual homes.

• Multi-Family Housing Loan Guarantees

Housing Regulations


USDA has posted its proposed rules, revised rules and final regulations related to the development of rural areas. Customers may submit an electronic comment for any rule currently open for comment.

• Rural Development Handbooks
• Federal (OSHA) Migrant Housing Regulations

Last Date Modified: 04/07/2015

All of this "institutional racism" is Bullshit. One thing I learned in college anthropology class is: "Don't be ethnocentric---yet every other culture in the world IS!" That's what they taught us. So, there is a worldwide double standard against WASP's. And as far as struggling against systemic oppression, a lot of north Europeans work as general contractor persons---which means you get all of the headaches of trying to deal with high cost specialists, but you are in competition with ne-er do wells and nowadays, illegal immigrants. Like they say, things are not always as they appear.

My family---and a lot of them from the same area--are not all that white anyway. DNA studies show that there were three major lineages---and two of them were Asiatic. And that is why you will see a lot of dark haired and dark complected people in that area. We had some of those genes showing up in our immediate family, too---with bronzy colored relatives, and petite dark haired people, and then I found out one ancestor even had the Asiatic name, and the old photo of him show a very bronzy colored person. And this is from an area that everybody thinks is the purest 'white" Europeans.

I would bet that lots of Hungarians and Russians are mixed in with Asiatic genes. Greeks likely have Middle Eastern or Turkic genes. And Spanish and Italians have a lot of African ancestry.

From USDA.gov

Expanding Homeownership Opportunities for Latinos in Rural Iowa
Contact:
Darin Leach
(515) 284-4747



Latino residents in Iowa, who today total more than 170,000, are quickly nearing six percent of the state’s total population. Census figures indicate the number of Latinos in the state has more than doubled since 2000 easily making it Iowa’s fastest-growing minority. Some population estimates suggest Iowa will be home to more than 450,000 Latinos by the year 2050.

“With such a large increase in our Latino population, an important priority at USDA Rural Development continues to be our ongoing commitment to affordable housing for all rural Americans,” said Bill Menner, USDA Rural Development State Director in Iowa.

“Homeownership provides a strong foundation that helps people build household wealth and climb ladders of economic opportunity.”

Many businesses serving rural Iowans are also focused on supporting Latino families and immigrants moving to Iowa in and around such communities as Denison, Marshalltown, Storm Lake and West Liberty.

Earlier this year, Community 1st Credit Union, headquartered in Ottumwa with 14 branch locations throughout rural Iowa, became Iowa’s first credit union to receive the Juntos Avanzamos (translation “Together We Advance”) designation for its work and commitment offering financial services to the Hispanic community.

This program started in 2005 as an immigrant outreach program in Texas to help credit unions attract and serve the growing Hispanic market in that state. In order to qualify for Juntos Avanzamos, Community 1st Credit Union developed strategic operation plans to address the needs of the Hispanic residents in the communities it serves. One aspect included partnering with Coopera, a full-service Hispanic market solutions company, to provide consulting and guidance of its outreach efforts.

“We are excited that Community 1st Credit Union is the first Juntos Avanzamos designated credit union in Iowa,” said Murray Williams, chief operating officer, Iowa Credit Union League. “Iowa credit unions provide members with a safe place to save their money, while offering the opportunity to build credit and be on the path to financial security. Community 1st’s impact is critical for the success of Hispanic families in our state.”

As an example of its commitment to the Hispanic community in rural Iowa, Community 1st Credit Union earlier this summer sponsored an all-day event in Ottumwa when Mexicans living in Iowa and surrounding states could renew their Mexican passports, obtain identification cards and process other legal documents.

More than 200 Mexicans received assistance that day saving a full day driving to the nearest Mexican Consulate office in Omaha.

Those attending the event also heard presentations from staff with Community 1st Credit Union and USDA Rural Development about homeownership opportunities including steps required to prepare for purchasing a home and programs available to them.

“Many times we find Latinos do not know they can qualify for homeownership,” said Rick Hernandez, bilingual mortgage lender, Community 1st Credit Union. “So, the first step is talking through the process and educating on such basic things as establishing a credit score. In about four or five months after that first meeting, many people we talk with will have done everything needed to submit their housing application.”

USDA Rural Development has a guaranteed home loan and direct loan program that assists rural Iowans in achieving their homeownership dreams. Both programs offer competitive interest rates, fixed terms and require no down payment to help eligible families living in rural communities and areas purchase new or existing homes.

Loans and some grants, are also available to help families make needed repairs to their homes.

“We are currently working with USDA Rural Development to develop more partnership programs that continue to enhance home-buyer education for Latinos in our rural communities,” added Hernandez. “We are both committed to expanding homeownership opportunities for all rural Iowans and teaching as many people as possible about the great benefits of these programs.”

USDA Rural Development guaranteed home loan program typically has income limits of $75,650 for a household of four and $49,450 for the direct loan program. Income limits do vary by county and household size, so applicants are encouraged to USDA Rural Development staff for limits in their specific area.

Eligible homes for the USDA program must be located in a rural area and/or a community of generally less than 20,000 residents.
“Homeownership provides a strong foundation to help build household wealth, start a business, fund education through home equity, or give someone a chance to build a better future,” Menner added. “That’s why, during the past seven years, nearly $2 billion in USDA Rural Development funding has helped improve housing opportunities for tens of thousands of rural Iowans.”

http://www.rd.usda.gov/newsroom/succ...nos-rural-iowa