Specialist will be available to discuss low-income housing loans

Anne Getchell, a community and business outreach specialist of USDA, Rural Development will be at the Wentworth Economic Development Corporation office from 9 a.m. to 4 p.m. Wednesday, July 10, to assist lower-income rural families in obtaining decent, safe housing. Subsidized funds are available only for low and very-low income applicants. Non-subsidized funds are available to low and very-low income borrowers who do not qualify for payment assistance and to moderate-income borrowers only for transfers by assumption.Assistance is available throughout the year by means of national quarterly allocations of funds to each Vermont and New Hampshire area office. Funds are usually released to borrowers as a lump sum for purchase or repair of a dwelling, weatherization, or in multiple advances for construction. Dwellings financed must be modest in cost and located in a place that is rural in character and does not exceed 10,000 in population. Loans are made at interest rates specified by Rural Development and are repaid over a period of up to 33 years.WEDCO's office is located in the Citizens Bank Building, 7 Center Street, Wolfeboro. If this location or time is not convenient, contact Anne Getchell at 447-3318. For an appointment on July 10, call WEDCO at 569-4216.The Wentworth Economic Development Corporation is a non-profit organization whose mission is to promote economic growth in the Eastern Lake Region of New Hampshire.