As we celebrate National Homeownership Month this June, I am reminded how USDA delivers positive outcomes ‘Every Day, Every Way’ through the comprehensive programs and services that touch the lives of every American. While many people think of USDA in terms of food, farms and forestry, nearly 3.4 million families over the past 65 years have found the affordable financing they needed to become homeowners through USDA Rural Development.
In 2013 alone, more than 170,000 rural residents became homeowners with the help of Rural Development’s direct loans, guaranteed loans, grants and technical assistance. In both people and dollars, 2013 was the most successful year on record in the history of USDA’s single-family housing programs.
President Obama has said the true engine of America’s economic growth is a rising and thriving middle class. For most Americans, a home is the largest single investment they will make — and the largest asset they will hold — in their lifetime. A home is a life-changing rung on the ladder of opportunity as families work toward a brighter financial future. Homeownership helps build equity, assets, and long-term financial security — the foundation for upward mobility.
During National Homeownership Month, please join us as we celebrate these rural families who, with USDA’s help, have invested in their future through a home of their own.
