A RECORD SETTING YEAR FOR THE U-S-D-A RURAL DEVELOPMENT AGENCY IN NEW MEXICO. STATE DIRECTOR TERRY BRUNNER SAYS THEY MADE MORE HOME LOANS THIS LAST FISCAL YEAR THAN IN ANY PREVIOUS YEAR. HE SAYS PART OF IT IS NEW MEXICO IS PARTING TO EMERGE OUT OF THE FINANCIAL CRISIS, HOUSING IS STARTING TO PICK UP AGAIN … EVEN IN RURAL AREAS.
THE LOANS TARGET LOW INCOME FAMILIES IN RURAL AREAS OF THE STATE. THEY CAN BE USED TO PURCHASE OR REPAIR HOMES. OVERALL, THE AGENCY MADE OVER 76-MILLION DOLLARS IN LOANS, GUARANTEES AND GRANTS.
