Tag: Poverty Areas
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Renner, SD – U.S. Department of Agriculture Rural Development Acting State Director Bruce Jones announced that Dakota Resources will receive a Community Facility Direct Re-lending Program loan in the amount of $10 million for relending in South Dakota rural communities. USDA Rural Development Tim Potts was in Renner to recognize each of them on Jones’ behalf.
“The long standing partnership USDA has with Dakota Resources represents the immense value of the organization and the vital role they have in supporting our rural South Dakota communities,” said Jones. “This funding will enable both organizations to bolster opportunity to our communities through relending, thereby supporting essential community facilities that South Dakotan’s rely on.”
As a re-lender, Dakota Resources will loan funds to applicants primarily for projects in or serving high poverty areas or persistent poverty counties eligible under the Community Facility Loan program.
Eligible … Read More »