United States Department of Agriculture (USDA) Mississippi Rural Development State Director Trina George will attend the Community Student Learning Center's (CSLC) Empowering the Delta with a Growing Economy (EDGE) Business Incubator Grand Opening and Groundbreaking Ceremony for the New Construction Site on April 29, 2013 at 10:00 am in Lexington, MS. The event will take place at the new business incubator building located at 45 Arenia C. Mallory Road in Lexington, MS 39095. The business incubator will offer office spaces to aspiring business owners to help them jump-start their business.
USDA Rural Development did not fund this project; however, they are participating in this event to show support for the assistance that CSLC has provided to the Holmes County community. In collaboration with the Holmes County Board of Supervisors and the USDA Rural Development's Housing Preservation Grant (HPG) Program, the Community Students Learning Center (CSLC) has assisted in contributing a total of $35,097.96 in grant funds in conjunction with USDA Rural Development's contribution of $141,999 in HPG funds to provide five (5) deserving homeowners with funds to renovate bring their homes up to code. With the combined resources from CSLC and RD approximately $25,000 to $35,000 was provided (depending on the needed repairs) to each home to make the much needed repairs. With the leveraging of these funds it allowed tax dollars to go further and accomplish more repairs to these homes that otherwise would not have been possible. Applicants were chosen from various communities throughout Holmes County which includes Lexington, Tchula, Durant, and Pickens. "I want to thank the Holmes County Board of Supervisors and the Community Students Learning Center for their interest and dedication to the citizens of Holmes County. We will continue to support and partner with organizations like CSLC to improve rural communities across the state of Mississippi," said State Director Trina N. George.
Housing Preservation Grants (HPG) are used to renovate deteriorating homes occupied by families whose incomes fall into the low and very-low income categories. Nonprofits, local governments, and Native American tribes can be recipients of this grant. These grants are used in conjunction with funds from other sources, including local and State governments and from private businesses. The objective of the HPG program is to repair or rehabilitate individual housing, rental properties, or co-ops owned and/or occupied by very low- and low-income rural persons. Housing Preservation Grant assistance is available from grantees to assist very-low and low-income homeowners to repair and rehabilitate their homes. Assistance is also available to rental property owners to repair and rehabilitate their units providing they agree to make such units available to very-low and low-income families. Financial assistance provided by the grantee may be in the form of a grant, loan, interest reduction on commercial loans, or other comparable assistance.
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