Press Releases
Upton on Rural Development Announcements in SW MITwo loans equaling $1.55M for housing projects in Van Buren CountyU.S. Rep. Fred Upton, R-St. Joseph, today released the following statement after the United States Department of Agriculture (USDA) announced two new investments in Van Buren County totaling $1.55 million. “These new rural development loans will directly help Southwest Michigan families. Affordable housing is critical for those looking to put down roots in our region. More than just basic shelter, the interior and exterior of the residential units will be beautified and made energy efficient – a real home for residents and their families. We’re all excited to see these projects move forward and the positive impact they will have on community pride.” The first USDA Rural Development announcement is for Lawrence Downs in Lawrence, Michigan. The rural development loan of $775,000.00 is to be used to rehabilitate the inside and outside of a 48-unit family rental property. To learn more click here. The second USDA Rural Development announcement is for Decatur Downs in Decatur, Michigan. The rural development loan of $775,000.00 is to be used to acquire and rehabilitate a 48-unit family project with 31 units eligible for assistance on paying rental fees. To learn more click here. |