president obama

In today’s housing market downturn, New Jersey and Arizona are fortunate to have been selected as two of the 19 states to participate in the USDA Guaranteed Single Family Housing Refinance Pilot Program.  In New Jersey, many homeowners are struggling to make ends meet especially with high interest mortgage rates.  This program, when implemented, can benefit as many as 3000 rural homeowners in the “Garden State.”  A healthy and strong housing market is vital to sustaining New Jersey’s current economic recovery.

USDA Housing Administrator Tammye Treviño was in New Jersey earlier this month to facilitate a roundtable meeting on the rural refinance pilot program.  Joining Administrator Treviño in these discussions were lenders, credit & housing counselors, Congressional staff, and Rural Development representatives.

Last week was monumental for American farmers. Under the new U.S.-Korea trade agreement, two-thirds of the tariffs imposed on U.S. food and agricultural products exported to South Korea are being eliminated. That includes wheat, corn, soybeans for crushing, whey for feed use, hides and skins, cotton, cherries, pistachios, almonds, orange juice, grape juice, and wine.

Over the next few years, as additional barriers fall and more U.S. businesses market products to Korea’s expanding economy, American agricultural exports should grow by $1.9 billion and help support nearly 16,000 jobs here at home.

Each year, USDA Rural Development assists thousands of limited income Americans achieve the dream of homeownership.  We do it with the support of our partners and our field staff.  Below, cross-posted from the White House website, is the story of one person in Utah who teamed with USDA to make a big difference.

Cross posted from the White House Champions of Change website:

Emily S. Niehaus is the Founder and Executive Director of Community Rebuilds, a nonprofit whose mission is to build energy-efficient housing, provide education on sustainability, and improve the housing conditions of the workforce through an affordable program.

In 2008, Presidential candidate Barack Obama declared “Yes We Can.” I, along with millions of other Americans, was inspired by this approach to politics. I understood this message to be a partnership request. I had a role to play. And so I founded Community Rebuilds to address an affordable housing need in my rural community with the larger goal of shifting the existing construction paradigm to have a lighter impact. Community Rebuilds’ mission is to build energy-efficient housing, provide education on sustainability, and improve the housing conditions of the workforce through an affordable program.

USDA works everyday to help create jobs in rural America – without waiting for others in Washington to act.

Last week, as a part of President Obama’s White House Rural Council, we announced efforts to spur economic growth by helping businesses take advantage of the productivity of America’s farmers and ranchers.

Today, there are more than 3,000 companies producing more than 20,000 so-called bioproducts made from grasses, grains, oilseeds, and agricultural waste rather than petroleum. They range from cleaning supplies and personal care products to food packaging and turf for football stadiums.

The USDA Agricultural Trade Office (ATO) in Seoul recently launched a Web page to showcase potential opportunities to be created by the soon-to-be-implemented U.S.-Korea Trade Agreement (KORUS). KORUS will take effect on March 15, 2012.

The Foreign Agricultural Service recommends that U.S. agricultural exporters and those interested in expanding sales to international markets visit the page, called What U.S. Exporters Need to Know about the KORUS Agreement, to learn about the agreement, understand new tariff schedules, and gain valuable information about the fifth-largest market for U.S. farm products.

Last week, President Obama and I announced our proposal for USDA’s budget next year. We are focused on building a strong American economy that will maintain a basic promise for middle class: if you work hard, you can do well enough to raise a family, own a home, and put a little away for retirement.

USDA plays a key role in that effort, supporting farmers, ranchers and growers enjoying record farm income, providing nutrition assistance to families struggling to get by, and creating jobs and building a foundation for future economic growth, especially in rural America. The USDA budget will help us to continue this progress, supporting robust farm income and good jobs in rural communities.

As America works towards an economy that’s built to last, we must make sure to provide American workers with the skills they need to compete.

If we want to build an economy that makes, creates and innovates; if we want to usher in a new era for American manufacturing and American-produced energy; our students and workers need a good education and strong training.

At USDA, one of our jobs is to help American workers learn the skills they need to be ready to take on the jobs of today and tomorrow.

In his State of the Union Address, the President announced a plan for building a strong, successful and lasting economy. He spoke in particular about the need to source jobs domestically in order to bring employment back to the United States and the need for a strong manufacturing base to build our economy upon. Here at the USDA, we are doing our part by supporting rural businesses, building modern, reliable community infrastructure, and working with farmers and ranchers to export products grown in America.

Earlier this week, I participated in a webinar about domestic sourcing and opportunities for partnership between the federal and private sectors back home to America. As the representative for all federal programs, I highlighted many partnering opportunities across agencies like the Small Business Administration and Economic Development Administration, and described in depth the opportunities Rural Development provides to rural residents and businesses. In particular, I spoke about our rural business programs, like the Business and Industry Guaranteed Loan Program and the Rural Economic Development Loan and Grant Program which in the last year have assisted over 50,000 small and mid-size rural businesses across the country in creating or saving roughly 266,000 jobs.

Earlier today, I had the honor of joining non-profit organizations, state and federal agencies, institutions, CEOs and others involved with agriculture and economic development to kick off the “The Many Faces of Know Your Farmer, Know Your Food” conference hosted at the Federal Reserve Bank of Chicago.  I was there to continue the work that President Obama highlighted in his State of the Union address last month.

Today, rural homeowners in 19 states across the nation are getting some much-needed and long-awaited help to cope with declining home values and a sluggish housing market.

Secretary Vilsack announced today a pilot program to help rural borrowers with loans made or guaranteed by USDA refinance their mortgages to reduce their monthly payments. This initiative is part of the president’s on- going efforts to help middle class families, create jobs, and strengthen the economy. Since the Obama Administration took office three years ago, Secretary Vilsack has worked closely with the White House to ensure that rural Americans continue to enjoy the many benefits of homeownership.