Committed to the future of
News and Highlights
Volume 3, Issue 11
United States Department of Agriculture –Area 3: serving 30 Southern Illinois counties
December 31, 2009
AREA 3 Rural Development’s “Road Show” spawns
interest in Southern Illinois communities
E dwardsville, IL, November 19,
2009—USDA Rural Development
State Director Colleen Callahan held
one of several “Road Show” events at the
Southern Illinois University campus in
Edwardsville. Callahan’s purpose is to
Greetings from Area 3 inform Southern Illinois community
Director leaders, lenders, business owners, indi-
As another year comes to an viduals and entities of the many funding
end and a new year begins we
opportunities available through USDA
can reflect on the events of the
Rural Development (RD).
past year and look forward to
events of the coming year. In Over 100 attendees listened as Callahan
2010, Rural Development will and RD Area Director Rusty Wanstreet
play an instrumental role in Illinois RD State Director Colleen Callahan
described several of the 40 plus loan and
helping stimulate the economy speaks to community leaders in Southern
grant opportunities available through Illinois about funding opportunities.
by providing numerous
funding opportunities to rural
communities. Please review “An unprecedented amount of funding is
this issue of our newsletter to available to individuals, public bodies,
available to meet the needs of rural Illi-
see the funding opportunities business and not-for-profit organizations
nois,” said Callahan. “My goal is to see
available to you. As always, we from Rural Development.
that as much of this money as possible
wish you a safe and prosperous
is used to create job opportunities, Rural Development has billions of
provide needed infrastructure and dollars designated for rural communi-
—Rusty Wanstreet services, and to ensure quality of life in ties, businesses, individuals and home-
the Land of Lincoln.” buyers through the American Recovery
and Rehabilitation Act.
CONTACT US Callahan, Wanstreet and other agency
Specialists met one on one with many of
Rural Development can help you
finance a home, multi-family hous-
the attendees to discuss information (continued on p. 2)
ing, business, community facility, or about specific projects and assistance
water and environmental programs
in a rural area.
Mt. Vernon RD Area Office
(618) 244-0773 (ext. 4)
Masters Choice Ribbon-Cutting
Edwardsville RD Area Office
(618) 656-7300 (ext. 4) Earlier this year, Masters Choice well as maintenance and repair on the
of Anna celebrated the expansion of its large machinery used in the farming
Marion RD Area Office hybrid seed business to Pulaski County, operations of Masters Choice.
(618) 993-5396 (ext. 4)
Ill. The ribbon-cutting ceremony marked
the opening of offices and a shop area in In addition to the offices and
the Dickerson Building located at 175 shop area, Masters Choice is in the
Ullin Avenue in downtown Ullin. These process of building a Production Plant in
Send Editorial Comments to: facilities are being utilized for storage as Pulaski County. (continued on p. 2)
V OLU ME 3 , ISSUE 11 R UR A L DEVE LOP MENT PAGE 2
“An unprecedented amount of funding is available to meet the needs of rural Illinois.”
—USDA Rural Development State Director Colleen Callahan
(Road Show continued from page 1)
USDA Rural Development State Illinois Business Programs Website is: Housing:
Director Callahan announced that http://www.rurdev.usda.gov/il/busdevel GRH Purchase: $158,406,664
Illinois Rural Development has .htm GRH ARRA: $28,403,696
numerous funding opportunities GRH Refinance: $7,831,456
available to rural Illinois through Community Facilities: Direct 502 Loans: $15,385,094
President Obama’s stimulus package Direct Loans: $6,784,000 Direct 502 ARRA: $16,309,669
through the American Recovery & Direct Grants: $351,000 Direct 504 (repair): $540,000
Reinvestment Act (ARRA). ARRA ARRA Loans: $16,162,300 Direct 504 Grant: $553,500
applications must be obligated by EII Grants: $252,000
September 30, 2010. Guaranteed Loans: $3,684,000
The Rural Development Annual
Some examples of the funding CF child care set aside (maximum Report Calendar is available to
available in Illinois this fiscal year are grant of $50,000 per project). you at:
listed below. ARRA CF Grant Library initiative http://www.rurdev.usda.gov/il/forms
estimated at $500,000 per state. /AR09.pdf
Business and Industry:
Water and Waste: The calendar includes a summary of
Rural Development hopes to use $45
Direct Loans: $25,614,000 all Rural Development Programs.
million in ARRA funding for
Direct Grant: $8,698,000 For more information contact the
Illinois business projects as well as $20
million from regular funding. local USDA Rural Development
Extensive ARRA funding is still
Office near you or visit our website
Application and B & I Forms website is: available to Illinois applicants for
business, community, water and
forms.htm. housing programs.
(continued from p. 1)
Masters Choice Ribbon Cutting
The collaborative efforts of Masters Choice is
USDA Rural Development and headquartered in Anna, Illinois, and
Pulaski County Development operates a production facility in St.
Association (PCDA) were Joseph and Mt. Pleasant, Illinois.
instrumental in this expansion. The company has been in business
PCDA worked with Area Specialist for 32 years. Current owner Lyn
Doug Grinberg to receive a Rural Crabtree purchased the business six
Business Enterprise Grant (RBEG) years ago. “Expanding our
from Rural Development to build operations into Pulaski County is
the industrial building that will giving us the opportunity to work
house the Southern Illinois side-by-side with local farmers and
production division of Masters to get to know what farmers in this
Choice. Master Choice leases the PCDA member Wayman Butler, PCDA Presi- area are looking for in a hybrid,”
building from PCDA to operate their dent Jerry Thurston, Karl Maple, member of said Crabtree.
business. According to Masters Congressman Jerry Costello’s staff, Rural
Choice President Lyn Crabtree, six Development Area Specialist Doug Gringberg, To find out more about
and Masters Choice owners Paula and Lyn Rural Development’s Business
to eight new jobs will be established Crabtree.
at this new location. “We are very Programs and the funding
excited about becoming a part of the opportunities available contact
benefit the farmers by giving them James R. Wanstreet at 618-993-
Ullin community and look forward
tools to be more profitable in their 5396 ext. 125. or visit our website
to growing with Pulaski County.”
farming operation. Masters Choice at: http://www.rurdev.usda.gov/IL/
The goal of Masters Choice is one of the only corn companies in
is to create healthy plants through the United States with their own
advanced plant breeding with a proprietary genetics—genetics that
focus for developing hybrids that provide more value.
PAGE 3 R UR A L DEVE LOP MENT V OLU ME 3 , ISSUE 11
Illinois Guaranteed Rural Housing
Shatters Previous Record Years!
5,796 Loans = $522,679,121 Invested in Rural Illinois
A special “Thank You” goes out to the 219 lenders that participated in the Guaranteed Rural Housing
Program and helped us shatter all previous records made in Illinois . The program had a 63% increase
in volume over the previous Fiscal Year. Without the support and dedication from our lenders, this
would not be possible.
Thank YOU for choosing 100% GUARANTEED RURAL HOUSING financing first! We look forward to
another successful year in 2010!
Congratulations to Illinois’ million dollar lenders!
AMCORE Bank First Federal S&L of Shelbyville Midland Stat Bank
American Bank& Trust Company First Federal Savings Bank - Ottawa Mortgage Services III, LLC
American Southwest Mortgage Cor- First Financial Bank, NA Murphy Wall State Bank & Trust
poration First MID-Illinois Bank & Trust Company
Apple River State Bank First National Bank National Bank - Hillsboro
Associated Bank First National Bank and Trust Ro- National City Mortgage
Bank& Trust Company chelle Old National Bank
Bank of America First National Bank of Dietrich Old Second Mortgage
Bank of Edwardsville First National Bank of Vandalia Peoples Bank & Trust
Bank of Pontiac First Neighbor Bank, NA Peoples National Bank
Bank of Rantoul First Robinson Savings Bank Peru Federal Savings Bank
Banterra Bank First State Bank - Beecher City Prairie State Bank & Trust
Bradford National Bank First State Bank - Mendota Pulaski Bank
Brimfield Bank First State Bank of Monticello Regions Bank D/B/A Regions Mort.
Brown County State Bank Firstco Mortgage Corporation Sauk Valley Bank AND Trust Co.
Busey Bank Flagstar Bank South Central Illinois Mortgage
Byron Bank Freestar Bank State Bank of Chrisman
Capaha Bank Grundy Bank State Bank of Lincoln
Castle Bank NA GSF Mortgage Corporation State Bank of Paw Paw
Central Bank Illinois Guaranteed Rate Inc. Sterling Federal Bank FSB
Centrue Bank Heartland Bank & Trust Stillman Banccorp NA
Cherry Creek Mortgage Herget National Bank Taylor, Bean & Whitaker Mortgage
Citizens Equity First Credit Union Heritage Bank of Central Illinois Corporation
Citizens First National Bank Homestar Bank Teutopolis State Bank
Citizens National Bank of Paris IberiaBank Mortgage Company The Bank of Marion
Citizens State Bank Illini Bank The National Bank
Community Banc Mortgage CORP Illinois National Bank Town & Country Banc Mortgage
Community State Bank Jacksonville Savings Bank Services
DeWitt Savings Bank JP Morgan Chase Bank, N.A. Union Savings Bank
Draper & Kramer Mortgage Corp. Kent Bank United Community Bank
Farmers & Mechanics Bank Longview State Bank US Bank
Farmers National Bank of Griggsville Marine Bank Valley Bank
Farmers State Bank - Pittsfield Marine Bank & Trust Wells Fargo Bank N.A.
Farmers State Bank of Fulton Mazon State Bank WinTrust Mortgage Corporation
County Mercantile Bank
Fifth Third Mortgage Company Metlife Bank, N.A. For more information about the GRH
First Bank & Trust MID America Mortgage Services of program visit our website at:
First Bank Mortgage IL, Inc. www.rurdev.usda.gov/il/grh.htm
First Bankers Trust Company Midcountry Bank
V OLU ME 3 , ISSUE 11 R UR A L DEVE LOP MENT PAGE 4
Fifteen lenders headquartered in Southern Illinois received “Top Honors”
from USDA Rural Development.
Below are two of the lenders who were recognized.
Peoples National Bank TheBANK of Edwardsville
Caption: Representatives from Peoples National Bank receive a Loan Officer Rob Treat, RD Area Specialist Janet Fauth,
plaque for surpassing the Million dollar mark in home loans made Loan Officer Jack McDole, VP Loan Officer Steve Fuehne,
through the Rural Development guaranteed loan program. Back RD Area Director James R. Wanstreet, Loan Officer
Row from left to right: Albert Malekovic, Mortgage Specialist; Justin Huneke and Loan Officer John McDole.
Donna Redmon, Loan Operations; Joy Schroeder, Mortgage Special-
ist; Guy Holtkamp, Head of Retail. Front Row from left to right:
Abby Buchanan, Rural Development Specialist; Rusty Wanstreet,
Rural Development Area Director; Bill Bonan, President of Peoples USDA is an equal opportunity
National Bank; Hunt Bonan, Board of Directors for Peoples National lender, provider, and employer.
Bank; Forrest Langenfeld, CEO of Peoples National Bank; and Kim
Swisher, Rural Development Area Specialist.
Ample Funding Available for Low-income Homebuyers
USDA Rural Development is a In eligible areas, applicants may moderate income is too high for a 502
government agency that finances obtain 100% financing to purchase a Direct Housing loan. In addition to
many programs to promote economic new or existing dwelling; build, 100% financing, the program
development, including housing repair, renovate a home; or to requires no down payment, no
programs that help finance new or purchase and prepare sites, including monthly mortgage insurance and no
improved homes for low to moderate providing water and sewage maximum purchase price. Rural
income families and individuals who facilities. Families must be without Development’s loan guarantee
wish to live in rural areas or rural adequate housing, but be able to eliminates much of the risk for the
cities or towns. Rural Development afford the mortgage payments, lender, and the home buyer benefits.
offers guaranteed and direct home loans to including taxes and insurance.
make homeownership more Payment subsidies are available to
affordable. app li can ts to i mp r ov e the ir USDA received $11 billion through
repayment ability. To guide the American Recovery and Rein-
Additional resources made available homebuyers through the loan vestment Act (ARRA) to provide
through the American Recovery and process, Rural Development offers guaranteed and direct home loans
Reinvestment Act have made ample to rural Americans. Plenty of funding
homeownership education and credit
funding available to help low income for direct home loans is still available.
counseling at no cost to the borrower.
homebuyers through Rural For information on how to apply for
Development’s 502 Direct Loan With the Guaranteed Loan USDA home loans, contact the Rural
program. Mortgage payments are program, Rural Development Development office nearest to you:
based in part on the household’s partners with a local lender to help Marion: 618-993-5396 ext. 120
income. Applicants must be unable extend 100% financing opportunities
to obtain a homeownership loan from Mt. Vernon : 618-244-0773 ext. 4
to rural individuals and families.
a bank or other conventional sources, Guaranteed loans are available to Edwardsville: 618-656-7300 ext. 4
yet have reasonable credit histories. qualifying applicants whose
V OLU ME 3 , ISSUE 11 R UR A L DEVE LOP MENT PAGE 5
Points of Interest
Interest rate for Water & Waste for January 1, 2010 to March 21, 2010 are: Market Rate—4.00%, Intermediate Rate—3.25%,
Interest rate for Community Facility direct loans for January 1, 2010 to March 21, 2010 are: Market Rate—4.00%, Intermediate
Rate—4.25%, Poverty Rate—4.50%.
The current interest rate for both Multi-Family Housing (515 Direct) and Single Family Housing (502 Direct) is 4.875% for January.
Four Preliminary Engineering Report (PER) Workshops are being held during January throughout Illinois. The workshops will
provide attendees with information relating to:
The importance of the PER in the RD funding decision
What information goes in a PER
How to have a project PER approved during the first submission
Solutions to common problems with submitting PERs
How to help your clients work through the funding process \\\
The PER workshop in Southern Illinois will be held u
Date: Wednesday, January 27th 2010
Time: 10:00 a.m. to Noon.
Where: Mackie’s Pizza, 2704 Walton Way, Marion, IL 62959
RSVP: 618-993-5396 ext. 121 or email: Lindsay.Agin@il.usda.gov
The Engineering Workshop is tentatively scheduled for May 2010 in Champaign, Ill. We welcome any ideas, topics, items
of concern, regulations, or other items you may wish to know more about. You may contact RD State Engineer Maynard
Reedy with any questions, concerns or comments you may have at: 217-403-6212.
Workshop Helps Potential Homebuyers “Realize the American Dream”
WASHINGTON DC., Dec. 11, With this certification, Messervey Rural Development holds Homebuyer
2009—USDA Rural Development can hold workshops to inform Education Workshops monthly. The
Specialist Elizabeth Messervey potential homebuyers how to next class will be held on January 21,
attended a nationally acclaimed become successful homeowners, to 2010, at the USDA Service Center in
“Realizing the American Dream” assist them with money manage- Marion Illinois. The educators are
education workshop titled “Train ment and credit issues, give them Area Specialist Jim Davis and Rural
the Trainer” to become nationally options for financing a home, and Development Specialist Elizabeth
Messervey. Please contact us at
certified as a Homebuyer Educa- most importantly, provide them
618-993-5396 ext. 120 if you are
tion trainer through Neighbor with critical knowledge for
interested in attending the class.
Works® America. maintaining their new home.
The newsletter staff extends their appreciation to the Rural Development
employees who contributed to this newsletter edition.
Area Specialist Kim Swisher, Area Specialist Janet Fauth, Area Specialist Gary
Committed to the future of rural
communities. Mersinger, Area Specialist Doug Grindberg, and Rural Development Specialist
USDA is an equal opportunity provider, employer and lender.
To file a complaint of discriminations, write USDA, Director, Office of Civil Rights, 400 Independence Avenue, S. W.,
Washington D.C. 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).