NECAC Recognized For Housing Work

June 16, 2017
By

necacA local community action agency has received another award for its housing efforts.

The United States Department of Agriculture is recognizing the North East Community Action Corporation for overseeing a loan program that helps people buy a home.  NECAC began processing 502 program loans in 2015. Earlier this year, the agency was authorized by USDA to become an intermediary which means the agency works with other non-profit agencies in packaging and reviewing loans for homebuyers in Missouri, Illinois and Iowa.

The 502 program features low interest loans with no down payment. NECAC can work with homebuyers in all three states.

Anyone seeking more information about the 502 program can contact the NECAC office in their county.

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