Under Secretary Mensah Meets with Central Valley Family Using USDA Funds for New Water Well
While in California last week, U.S. Department of Agriculture Under Secretary Lisa Mensah toured a self-help housing tract that Self-Help Enterprises is developing in Merced County and visited with a family that is a recipient of USDA funds. Representative Jim Costa (D-CA) was also on the tour. Under Secretary Mensah and Congressman Costa met with […]
Spotlight on the Intermediary Relending Program
The Intermediary Relending Program (IRP) was first enacted in the 1980s and has had remarkable success in strengthening rural communities through investment in local projects. Because loan capital is revolved several times over the course of an IRP loan to an intermediary, USDA estimates that every $100,000 in IRP loan funds leads to the creation […]