People Incorporated Financial Services Awarded $180,590 from USDA to support safe and clean well water systems in rural areas
January 09, 2013
With federal funding, People Incorporated will provide approximately 20 low-to-moderate income homeowners in Southwest and Northern Shenandoah Valley regions of Virginia resources to repair or replace water well systems
Abingdon, Virginia – People Incorporated is pleased to announce that it has received a $180,590 Household Water Well System (HWWS) grant from the Rural Utilities Program of the U.S. Department of Agriculture Rural Development to help struggling families access safe and potable drinking water. People Incorporated will use the funding to establish a revolving loan fund to provide low interest loans for low-to-moderate income rural homeowners to construct, repair or replace household water well systems for existing homes.
“Many of our clients have little discretionary income to make necessary but costly home improvements, including new water well systems,” stated Rob Goldsmith, President and CEO of People Incorporated. “This revolving loan fund offers low interest rates and flexible terms which ensure that more families will gain access to clean, safe drinking water at a manageable cost.”
Many rural areas in People Incorporated’s service area still do not have access to public water systems. This project will provide loans of up to $11,000 to assist eligible homeowners in Buchanan, Clarke, Dickenson, Frederick, Page, Russell, Shenandoah, Warren and Washington counties as well as the City of Bristol, Virginia to access clean, safe water through a functioning water well system. The HWWS program is available through People Incorporated’s Indoor Plumbing Repair/Housing Rehab program in both its Abingdon and Woodstock offices. Homeowners may contact Doug Canody in the Abingdon office (276) 619-2236 and Gwen Puryear in the Woodstock office (540) 459-6432 to determine income eligibility and learn other details about program qualifications.
About People Incorporated Financial Services
People Incorporated Financial Services, a certified Community Development Financing Institution, promotes economic self-sufficiency and access to capital for low income residents and communities throughout its service area, providing business development and lending services, financial and credit literacy training, individual technical assistance, and marketing services to entrepreneurs to help start or expand businesses which, in turn, create jobs. Since 1992, People Incorporated and its subsidiaries have deployed over $13 million in loans to 697 small businesses which have created or saved over 2,047 jobs.
About People Incorporated of Virginia
People Incorporated is a non-profit Community Action Agency and Community Development Corporation committed to providing opportunities for people to reach their goals in order to enhance their lives, families, and communities. People Incorporated’s commitment to providing low-income residents with access to safe drinking water, combined with its experience and capacity to provide lending and loan management, makes it an ideal candidate to establish this revolving loan fund for rural Virginians. Since 1991, People Incorporated has provided Indoor Plumbing Rehabilitation services to over 200 households. People Incorporated develops programs and strategies that are designed to move people and communities into the economic mainstream. In 2011, People Incorporated provided services to nearly 7,400 clients and generated an economic impact of over $164 million in communities throughout Virginia. For more information about People Incorporated’s programs and services contact the Abingdon office at 276-623-9000 or visit us at www.peopleinc.net.