RURAL HOUSING AND ECONOMIC DEVELOPMENT FY2000 GRANTS
PROJECT SUMMARY
Arizona
The Comite de Bien Estar, Inc. in San Luis will Receive a Rural Housing and Economic Development Grant in the amount of $183,483. This innovative activities grant will provide the technical assistance to enhance the delivery of housing finance and home ownership counseling services including on-site training in home ownership counseling techniques and the provision of counseling materials. The project will serve low income rural farm workers. Cash and in-kind leveraging resources total approximately $5.5 million. Key participants include: PPED Microbusiness and Housing Development Corporation, Rural Housing Assistance Corporation, the Community Equity Mortgage Corporation.
Contact Person: John McGrady
Grantee Address: P.O. Box 2844, 10455 W. "B" Street, San Luis, AZ 85349
Telephone Number: 520- 627-8559
The Housing America Corporation (HAC) in Somerton, Arizona, will receive a Rural Housing and Economic Development Grant in the amount of $50,000. This capacity building activities grant will allow for updated computer systems, software and other tools for networking and Internet research capability and will increase staff knowledge of improved systems via training and expertise from outside sources. The proposed project will improve the capacity of HAC staff to more efficiently perform their existing responsibilities and reporting. Leveraging is provided by in-kind resources. Key participants include: Arizona Department of Housing and Rural Home Assistance Program, National Council of La Raza, Arizona Department of Commerce, Bank One, Bank of America, Norwest Bank, Fannie Mae, and the USDA Rural Development.
Contact Person: Laurie Gail Senko
Grantee Address: 130 N. State Avenue, P.O. Box 600, Somerton, AZ 85350
Telephone Number: 520-627-4221
The PPEP Microbusiness and Housing Development Corporation (PMHDC), in Tucson, Arizona, will receive a Rural Housing and Economic Development Grant in the amount of $500,000. This innovative activities grant will allow the development of a leveraged (blended) loan program which assists low-income families in obtaining a self-built house. The objective of the program is to finance 40 homes over the next five years through the self-help program of the USDA in Arizona. Cash and in-kind leveraging resources total $2,000,000 provided equally by the Norwest Bank/Wells Fargo and the Community Development Financial Institution. Key participants include: the Norwest Bank/Wells Fargo, the Community Development Financial Institution, and other lenders.
Contact Person: John David Arnold, PhD
Grantee Address: PPEP Microbusiness and Housing Development Corporation
1100 East Ajo Way, Suite 209, Tucson, AZ 85713
Telephone Number: 520- 806-9513
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