United States Department of Agriculture Rural Development White House Initiative on Historically Black Colleges & Universities January 21, 2016.

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Presentation transcript:

United States Department of Agriculture Rural Development White House Initiative on Historically Black Colleges & Universities January 21, 2016

Rural Development’s Mission 2 To assist rural communities in creating prosperity so they are self-sustaining and economically thriving through investments that create ladders of opportunity, build regional resilience and support the growth of emerging markets.

RD’s 2016 Funding Levels PROGRAMDollars in Millions Total all RD$40,000 – Yes $40 Billion Total Rural Housing & Community Facilities$29,000 Total Rural Business and Cooperatives $1,449 Total Rural Utilities $8,795 Programs of Interest - Specific Levels RHS – Community Facilities Programs $2,387 RBS –Business & Industry $946 RBS – Renewable Energy Programs $199 RUS – Distance Learning & Telemedicine & Broadband Programs $52 RUS – Water & Environmental Programs $1,740 RUS – Telecommunications Programs $691 3

Rural Development Program Areas 4 Program Areas Rural Utilities Service Rural Business & Cooperative Service Rural Housing & Community Facilities Electric Program Water & Environmental Programs Telecommunications and Broadband Programs Homeownership Loans Home Repair Loans & Grants Mutual Self-Help TA Grants Multi-Family Housing Loans Housing Preservation Grants Community Facilities Loans & Grants Business and Industry Guaranteed Loans Rural Business Enterprise Grants Rural Business Opportunity Grants Intermediary Relending Program Rural Energy for America Program Value Added Producer Grants Cooperative Development Assistance

Better Assist High Need Communities  StrikeForce  Promise Zones  Stronger Economies Together  CEDs

It takes a partnership of willing community leaders, residents, bankers, visionaries AND USDA Rural Development to revitalize our rural communities. The possibilities are endless. 6