Here is yet another example of how that golden cornucopia of free money just blows more golden cornucopias out its little ears, and so on, and so on . . .
Hendersonville’s Housing Assistance Corporation, a nonprofit, received a $424,800 grant from the US Department of Agriculture’s Rural Development program. Funding is for fifteen or more homes to be added to a subdivision where fifteen grant-funded homes already exist. Make no mistake, the homes will be green.
“I’m glad we’re able to fund a project such as this,” [USDA Housing Administrator Tammye Trevino] said, adding that it will have a ripple effect on the economy. Jobs will be created in the process and the new homeowners, in turn, will require the services of other business sectors for furniture, landscaping, title work, taxes and more.
“It’s the gift that keeps on giving,” Trevino said. . . .
Pam Hysong, area director of USDA Rural Development, said that the taxes alone generated from the 117 homes the HAC has built since the ’90s have invested more than $100 million in the local economy. . . .
“One way to wealth is equity in a home,” Trevino said.
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