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RCAC's Self-Help Builder News Summer 2011 Issue 2
RCAC self-help housing federal funding status September 2011 update
By Stanley Keasling, RCAC chief executive officer
During the last quarter several significant actions were taken in Congress but a final resolution for next Fiscal Year, starting October 1, remains in flux. But just to review the status, here is what we know at the time of this publication. Read more>>
References and Resources
This section contains the September interest rate, highlighted U.S. Department of Agriculture (USDA) Rural Development Administrative Notices, Unnumbered Letters and other resources and references. Read more >>
RCAC's Finnly Sutton steps down not out
Finnly Sutton, RCAC director, housing programs began as a rural development specialist with RCAC in 1998. He held several positions at RCAC including grants and contracts administration manager for housing, state team director, housing and in 2007 was promoted to housing director, his current position. After 13 years at RCAC, Sutton has decided to retire next year (August 2010) and step down from the director position as soon as a replacement can be found. Sutton will be instrumental in the new housing director on-boarding process.
Read more>>
Montana nonprofit organization collaborates to develop affordable housing
National Affordable Housing Network founders in Butte, Montana, wanted to provide their “High Performance Housing” model to revitalize a deteriorating historic neighborhood while providing homeownership opportunities to the least likely candidates. The organization incorporated two affordable housing development models to maximize resources. Read more>>
SHARES Tidbits: Solution for data change challenge
By
Nancy Jacobsen, RCAC rural development specialist
Anyone who has used SHARES understands the program has certain idiosyncrasies –- little glitches that are sometimes confusing to figure out how to overcome. Typically, when I think I’ve experienced all SHARES’ glitches, a grantee calls with a new issue. The latest quandary resulted when a grantee realized she had entered an incorrect construction style in page 5 of the Borrower screens. Construction styles have different point values for certain tasks (U.S. Deparment of Agriculture Rural Development Instruction 1944-I, Exhibit B-2) depending on the type of construction, for example slab, crawl space or basement construction. The grantee called for assistance in changing the construction style, but she had already entered construction dates, which created a real problem. Once the construction dates are entered, the field is locked, so she was unable to make a change to this field. Read more>>