Rural Development News and Highlights Dec pub Read Only

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					                                        Rural Development
       Committed to the future of
          rural communities.
                                        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
                                         Rural Development.
 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           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
                                                     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:
           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.                    
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%,
       Poverty Rate—2.375%.
     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:
         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
                                   Elizabeth Messervey.

                                        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).