Latest / Brian Thomas / Charles Tassell - Rural Funding Opportunities

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Charles Tassell - Rural Funding Opportunities · Brian Thomas

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  Speaker 1: Here see the talk station. It's seven thirty one, it's
• 0:04
  Speaker 1: a Friday, even a very happy one to you. When ever,
• 0:06
  Speaker 1: from now we get Jay Ratliff. I love talking to
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  Speaker 1: Jay Ratliff. I heard me the aviation expert, preceded by
• 0:10
  Speaker 1: mister humanitarian himself, former police officer Brian Ibel for the
• 0:14
  Speaker 1: Help Squad, a fantastic West Side charity. They got a
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  Speaker 1: fundraiser that Brian's going to tell us all about Cinco
• 0:19
  Speaker 1: de Mayo. Please help the Help Squad help others. It
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  Speaker 1: is a truly fantastic organization. Spiritual man he is, and
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  Speaker 1: he's trying to do God's work. In studio. Welcome back,
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  Speaker 1: Charles Tassel, State Director or Ohio Director of Rural Development.
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  Speaker 1: You got some grant loan programs I got. I'm sorry, Charles,
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  Speaker 1: It's wonderful to see you man. Welcome to the Morning
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  Speaker 1: Show studios. When I saw the list of funding opportunities
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  Speaker 1: for infrastructure, in the long list of the various grant
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  Speaker 1: and loan options, I kind of got a little concerned
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  Speaker 1: because we've had we are swirling in debate about fraud, waste,
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  Speaker 1: and abuse government programs that are being abused, and then
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  Speaker 1: here I have a list in front of me of
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  Speaker 1: programs that you have some control over. Immediately, I'm going, uh, oh,
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  Speaker 1: this ain't gonna go well, but no it will. You've
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  Speaker 1: got to smile on your face, Charles, great having you here.
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  Speaker 2: Hey, I appreciate it, and really wanted to share kind
• 1:08
  Speaker 2: of what's been going on over the last year. Investments
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  Speaker 2: that Trump administration has made. And I say that because
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  Speaker 2: we know their investments. It's something we check. You know,
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  Speaker 2: Reagan used to say trust, but verify, right, lots of
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  Speaker 2: verification all the way through the process.
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  Speaker 1: And I also suppose to a certain degree because you know,
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  Speaker 1: politics is politics, and we deal with a lot of
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  Speaker 1: folks who don't pay attention to anything and don't want
• 1:30
  Speaker 1: to give Donald Trump credit for literally anything. This you
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  Speaker 1: will you have some support that what Donald Trump is
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  Speaker 1: doing is actually benefiting us. And when you say investments,
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  Speaker 1: that word to me goes along with the return on part,
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  Speaker 1: like do we get a collective return on the money
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  Speaker 1: or is this money just being cast out of the wind.
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  Speaker 1: You get where I'm coming from.
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  Speaker 2: Absolutely, And so there's there's there's three areas we kind
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  Speaker 2: of work in. So one of them is a housing area.
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  Speaker 2: One of them is business, and one of them's community.
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  Speaker 2: When I say community when I'm talking about our facilities,
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  Speaker 2: so above ground and below ground. So we think about,
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  Speaker 2: you know, how do you put an ROI on the
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  Speaker 2: fire department. Well, there's ways we can actually do some
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  Speaker 2: of that with metrics from insurance costs, do we have
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  Speaker 2: accessibility and time to runs and one of perfect guests.
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  Speaker 2: So those are the kinds of things we're working on.
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  Speaker 2: In fact, we're working on a project right now. I
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  Speaker 2: won't say the community names since it's in process. Fine,
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  Speaker 2: but they literally have a row that goes through their
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  Speaker 2: town and so they're partnering with one of their neighborhood
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  Speaker 2: towns to make sure that the fire department. They have
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  Speaker 2: mutual fire departments on either side that provide mutual support
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  Speaker 2: because when a train does go through, it sits there
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  Speaker 2: for three to five minutes, which that may not sound
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  Speaker 2: like a long time unless you're in emergency situation. So
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  Speaker 2: working through those and part of.
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  Speaker 1: The Palestine immediately comes to mind.
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  Speaker 2: We'll be sharing some information on that's on the list
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  Speaker 2: as well. There's some other things coming. I know Loveland
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  Speaker 2: has a fire department that they're going to be doing
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  Speaker 2: a ribbon cutting on probably next month, really forward to that.
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  Speaker 2: And again these are our opportunities where we say please
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  Speaker 2: come in and talk to us early. And this is
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  Speaker 2: the community so commissioners, townships, if you're a trustee, safety
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  Speaker 2: service directors, this is something that you know when we
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  Speaker 2: ran back in the second district and represent Taylor has
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  Speaker 2: been fantastic and I want to thank him for Actually
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  Speaker 2: I have a deputy state director because of him.
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  Speaker 1: Oh good.
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  Speaker 2: He's been great and he is He's on the Agriculture
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  Speaker 2: Committee and been very focused on making sure we're helping
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  Speaker 2: in rural communities to make sure they get what they need.
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  Speaker 2: And that means you know, from fire departments to grant support, all.
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  Speaker 1: Of that, but not a quality leering.
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  Speaker 2: Center, all right, no learing centers on this.
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  Speaker 1: Well, we're gonna get some of the details on these
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  Speaker 1: various programs and the good hopefully that they brought about.
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  Speaker 1: Charles Tassel in studio for this half hour, so don't
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  Speaker 1: go away. I want to mention chimney Care Fireplaces to
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  Speaker 1: over right now because they do it all when it
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  Speaker 1: comes to chimneys and fireplaces. A talk station seven thirty
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  Speaker 1: nine here fifty five krc DE talk station a very
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  Speaker 1: happy Friday to you, Brian Thomas At Charles Tastle, the
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  Speaker 1: Ohio Director of Rural Development, we're talking about federal loan
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  Speaker 1: programs and federal grant programs for rural districts in Ohio,
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  Speaker 1: and you gave me the list of all the grants
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  Speaker 1: that went out there or loans that went out under
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  Speaker 1: these programs, and I quickly flipped through to make sure
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  Speaker 1: Hamilton County was not on it because it is not
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  Speaker 1: a rural county, right, Charles.
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  Speaker 2: That's correct. In fact, we function in about eighty six
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  Speaker 2: out of eighty eight counties. There's a part of Hamley
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  Speaker 2: County or in Harrison area that could qualify for some
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  Speaker 2: of our programs, and people can actually go to they
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  Speaker 2: can go to Ohio Rural Development, just google it. We
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  Speaker 2: actually have a site up there and they have a
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  Speaker 2: nice new app which you can punch in an address
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  Speaker 2: and see what qualifies. Okay, So for example, fifty thousand
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  Speaker 2: or less population if it's a township, twenty thousand if
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  Speaker 2: it's incorporated, and then the smaller you go like under
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  Speaker 2: ten thousand for some of your water and sewer assistance.
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  Speaker 2: So those are kinds of programs, but by putting in
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  Speaker 2: your address, it automatically tells you what programs you're are
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  Speaker 2: available in your area.
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  Speaker 1: Okay, so you streamline that process, made it easier and
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  Speaker 1: you personally, I did ask this question off Eric, I
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  Speaker 1: want to put you on the spot, but you personally
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  Speaker 1: have control or authority over the approval or denial of
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  Speaker 1: any of these loan applications or grant application.
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  Speaker 2: There's a variety of them. So like the five oh
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  Speaker 2: four grant program, which is straight one hundred percent cash
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  Speaker 2: grant that comes to us, we oversee it. We inspect
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  Speaker 2: to make sure that before that fund those funds go out,
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  Speaker 2: who's getting them, what the process is, itemized process, invoice
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  Speaker 2: of what's going to be spent, and then follow up
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  Speaker 2: during process and after. And the five oh four, for example,
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  Speaker 2: is for somebody who's sixty two or older, they own
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  Speaker 2: their own home. They're in a situation where I've got
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  Speaker 2: a home problem situation, emergency safety situation. We've got to address.
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  Speaker 1: A random example what what would what would be a situation?
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  Speaker 2: The number one issue is a roof Okay, so they've
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  Speaker 2: got a roof issue.
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  Speaker 1: Retired fixed income seniors living in their own homes pay
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  Speaker 1: for they can Ford the roof.
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  Speaker 2: Correct, and we can help with the first ten thousand
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  Speaker 2: in grant, and then we also have a one percent
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  Speaker 2: loan for up to forty thousand dollars as well.
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  Speaker 1: All right, which benefit to the society larger is they
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  Speaker 1: don't end up in a Section eight housing on government.
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  Speaker 2: Welfare exactly, or just losing the house. The house goes
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  Speaker 2: to zombification. And we all know what happens if you
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  Speaker 2: have a home that said faith, It goes downhill real fast.
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  Speaker 2: So that's the kind of focus that we are focusing
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  Speaker 2: at all.
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  Speaker 1: Right, So you did anticipate my question, I think because
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  Speaker 1: your statement about what your office does you follow up.
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  Speaker 1: I don't know if you notice, Charles task and we
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  Speaker 1: have a real problem with non governmental organizations getting free
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  Speaker 1: money from the federal government and they never follow up
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  Speaker 1: to find out what the money went for, if it
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  Speaker 1: went to the purpose they claimed it was going to
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  Speaker 1: go to.
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  Speaker 2: Absolutely, it's just Charles, you know, I've actually been very
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  Speaker 2: blessed with staff not going to DC, not going to
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  Speaker 2: the swamp. I have Ohioans that help Ohioans, and even
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  Speaker 2: my counterparts, I've got Steve Howell over in Indiana State
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  Speaker 2: director over there, Travis Burton down in Kentucky, same counterparts,
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  Speaker 2: same safe popper role. And again, folks, we're Midwest practical.
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  Speaker 2: We go out and visit, we make sure, we check things,
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  Speaker 2: We verify to make sure that the money's going where
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  Speaker 2: it's supposed to go.
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  Speaker 1: Wonderful, So money, the investment, and then the return on
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  Speaker 1: investment is something else you're looking at before approval and
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  Speaker 1: of course following through to make sure that money went
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  Speaker 1: to the work that it was an earmark for. Let's
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  Speaker 1: talk about some specific programs, maybe ones that you're proud
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  Speaker 1: of or the just you know, solidify a conceptually for
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  Speaker 1: my listening audience so they know where their taxpayer dollars
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  Speaker 1: have gone.
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  Speaker 2: Absolutely, So a couple of things. So one of them
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  Speaker 2: I'm really excited about. There's a reshoring we did out
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  Speaker 2: in Hockey County and this is one where we've actually
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  Speaker 2: helped bring in about sixteen million dollars in a guaranteed loan.
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  Speaker 2: So the bank looked at it, the bank went through it,
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  Speaker 2: We went through what the bank went through, verified everything,
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  Speaker 2: and helped bring a company that was doing a glass.
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  Speaker 2: It's a type of reflective glass sometimes used in solar
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  Speaker 2: and then also used in other defense related issues. I
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  Speaker 2: love it at that. Yeah, brought them from China to
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  Speaker 2: the US and now they actually, by the time they
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  Speaker 2: were ready to open, had ten times the demand of
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  Speaker 2: what they had expected. So they're like, okay, we're ready
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  Speaker 2: for phase two. We're like bring it, let's go and
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  Speaker 2: help them expand out.
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  Speaker 1: And this was a loan, correct. Now, I'm sure my
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  Speaker 1: listening on it says far less of a problem with
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  Speaker 1: a loan because that suggest payback.
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  Speaker 2: Correct.
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  Speaker 1: So this is a lower interest rate loan. In other words,
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  Speaker 1: this company couldn't have gone to a bank touring for
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  Speaker 1: financing to have this happen.
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  Speaker 2: In working with the banks, the bank said, because the
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  Speaker 2: amounts and the areas, and that's really a lot of
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  Speaker 2: what we focus on is a lot of areas that
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  Speaker 2: are rural. You tend to go, where's my capital coming from,
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  Speaker 2: where's the local bank. So we kind of helped step
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  Speaker 2: in and back some of those smaller banks. Again, we
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  Speaker 2: verify all the numbers and especially that size of a
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  Speaker 2: loan that goes up to our national office for verification
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  Speaker 2: as well. That way we can come back and say
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  Speaker 2: this is safe, this is solid. We're protecting the taxpayers.
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  Speaker 1: All right, since everyone appreciates it. What a home loan
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  Speaker 1: interest rate is roughly but it's six percent right now roughly? Right?
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  Speaker 1: What kind of discount loan are we looking at for like,
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  Speaker 1: say this business, what rate did they get?
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  Speaker 2: Typically you're looking at a five and a half to
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  Speaker 2: six percent, but they're going to look at a twenty
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  Speaker 2: to thirty year amortization and they're also looking at not
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  Speaker 2: coming back on that loan every five years. This is
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  Speaker 2: going to be a longer term loan process.
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  Speaker 1: Okay, So it is like a typical mortgage for the
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  Speaker 1: for a homeowner, correct, But this is applied to a business,
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  Speaker 1: which is not the norm if the business strug us
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  Speaker 1: sought financing from.
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  Speaker 2: A bank, correct. Correct. So one of the things, like
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  Speaker 2: for homeowners, we actually have a five or two loan.
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  Speaker 2: So if you're low income and you want to purchase
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  Speaker 2: a home and you're like and typically what we see
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  Speaker 2: is somebody is on the program for about two years
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  Speaker 2: and they get what's called a paydown. The term subsidy
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  Speaker 2: is used. It's not really a subsidy because you're not
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  Speaker 2: getting free money. You're getting free money in the sense
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  Speaker 2: that we'll pay part of your payment for the first
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  Speaker 2: part and first part of that process. Why you're in
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  Speaker 2: low income. But we put that money back at the
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  Speaker 2: end of the at the mortgage, so you know, delayed,
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  Speaker 2: it's it's delayed. Now we don't charge you interest on that.
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  Speaker 2: But what this does is help somebody in a rural
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  Speaker 2: area get into a home. And typically what we see
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  Speaker 2: is about a two year time frame that they're on
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  Speaker 2: the program, and the mortgage is again thirty three years,
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  Speaker 2: not a thirty year it's a little odd. It's nineteen
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  Speaker 2: forty nine when it was set up, so it's working
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  Speaker 2: through that. But it's a great way for low income
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  Speaker 2: and very low income folks to get in to purchase
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  Speaker 2: a home, a reasonable home, not something talking about us, right,
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  Speaker 2: but a reasonable home to have something safe and affordable.
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  Speaker 1: Okay, and the societal return on that investment.
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  Speaker 2: Again, now we're beutting home ownership right. And again this
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  Speaker 2: is typically a two year timeframe, so seventy five percent
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  Speaker 2: of our folks are off the program within two years.
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  Speaker 2: And that's that's the beauty of it. You're helping people
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  Speaker 2: get into home ownership.
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  Speaker 1: And maybe that home ownership help them get off of
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  Speaker 1: the situation they were in. Correct, So that's that there's.
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  Speaker 2: Your return, right, we want to stabilize yep, all right.
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  Speaker 1: Well, Charles Tassel's right and hurt over all of this
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  Speaker 1: and making sure all the eyes a dot and the
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  Speaker 1: t'ser crossed and you and I are not getting ripped off.
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  Speaker 1: Few more illustrations of that and some of the other
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  Speaker 1: programs out there. More with Ohio Director of Rural Development
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  Speaker 1: Charles Tassel. A pause for a moment, let mention Gate
• 11:05
  Speaker 1: of heavy the talk station seven fifty here fifty five
• 11:11
  Speaker 1: care CD talk station. Brian Ibold from Help Squad in
• 11:14
  Speaker 1: studio after the top of darn news. Going to help Brian, Help,
• 11:17
  Speaker 1: Brian Ibold, help all those folks on the West side
• 11:19
  Speaker 1: that are really truly in need. And speaking of needs,
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  Speaker 1: Charles Tassel is here in studio HIW Director of Rural Development.
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  Speaker 1: He is in charge of these various grant and loan
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  Speaker 1: programs for rural areas in Ohio's obviously criteria to qualify
• 11:32
  Speaker 1: and apply for any one of these, and they've made
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  Speaker 1: it easy to do so online. And how about say
• 11:37
  Speaker 1: so from the rural communities that are going to be
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  Speaker 1: the recipients of any given loan or grant, do communities
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  Speaker 1: have a say in this? Do you invite their involvement
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  Speaker 1: in this? I mean some of the things you mentioned,
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  Speaker 1: I can't imagine anybody objecting to these aren't like putting
• 11:51
  Speaker 1: an artificial intelligence facility in that would invite everybody. They
• 11:55
  Speaker 1: board meetings and council meetings and trustee meetings and all
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  Speaker 1: that if they had one of those. But what about
• 11:58
  Speaker 1: any given one of these programs, like the grains the
• 12:00
  Speaker 1: grain mills that you help with.
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  Speaker 2: Talk about that, correct, So you know grain mills are
• 12:05
  Speaker 2: are critical. Those are especially for our farmers, making sure
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  Speaker 2: that they are accessible, that they're regional and bi regional,
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  Speaker 2: I mean sometimes within multiple counties you need to have one,
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  Speaker 2: and so making sure they're functional, making sure they have
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  Speaker 2: the capital, whether it's a dry grain, sometimes there's wet grain.
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  Speaker 1: So they're a shared storage facility.
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  Speaker 2: So typically that's a company on its own, and they
• 12:27
  Speaker 2: may take ownership of the grain. They may buy the grain,
• 12:30
  Speaker 2: they may hold it and then purchase it. Then the
• 12:32
  Speaker 2: farmer may actually sell it at a later date. There's
• 12:35
  Speaker 2: a whole commodity's approach to that. So it's it's a
• 12:37
  Speaker 2: very complicated process. Our farmers are definitely involved with what's
• 12:41
  Speaker 2: going on around the world and paying attention. The President's
• 12:44
  Speaker 2: very focused on making corn and making sure corn and
• 12:46
  Speaker 2: soy being get exported, and there's opportunities for that or ethanol.
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  Speaker 1: Again, don't even give me star, Charles, going down a
• 12:53
  Speaker 1: bad path, Man, are going to bad path.
• 12:55
  Speaker 2: Well, there's some alternatives. There's some alternatives to food being
• 12:58
  Speaker 2: used as an ethanol. There's some bio waste processes to
• 13:02
  Speaker 2: do ethanol as well. Okay, we're growing one of those.
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  Speaker 1: Let's grow enough to satisfy demand that isn't created artificially, Charles,
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  Speaker 1: don't tell me that we need and must burn a
• 13:11
  Speaker 1: product that we then have to go out and grow
• 13:13
  Speaker 1: and cut down and process and it's bad for our engines.
• 13:18
  Speaker 2: How about grass that's actually used for it likes? Not
• 13:22
  Speaker 2: that of not touching that issue. Sorry, but really it's
• 13:27
  Speaker 2: back to your point on that. You know, really, what
• 13:30
  Speaker 2: does it take to work in the community. We're really
• 13:32
  Speaker 2: there to support the community and whether that's on you know,
• 13:35
  Speaker 2: above ground with buildings or below ground. A lot of
• 13:38
  Speaker 2: sewer water connections, making sure our rural areas have access
• 13:42
  Speaker 2: to good water. Sometimes you're talking multiple wells and they
• 13:45
  Speaker 2: reach a point where they're like, Okay, we're moving from
• 13:47
  Speaker 2: two thousand people in our community to three or four.
• 13:50
  Speaker 2: How do we get the water service there? Or they've
• 13:52
  Speaker 2: got a small business coming in, how do we make
• 13:54
  Speaker 2: sure that that business has electric and water and broadband
• 13:58
  Speaker 2: and in supporting that process. So that's really what we're
• 14:01
  Speaker 2: focused on home.
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  Speaker 1: And our return is the jobs. The income absolutely springs
• 14:05
  Speaker 1: from the additional people living there. It's necessary, it's all
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  Speaker 1: part of.
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  Speaker 2: The economy exactly, and making sure we're supporting the rural
• 14:12
  Speaker 2: community and outside of it. You know, there's a meeting
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  Speaker 2: we had that was it was a policy meeting, a
• 14:19
  Speaker 2: county policy meeting with a farm bureau, and they bring
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  Speaker 2: in local folks and one of the ladies actually, wait
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  Speaker 2: a second, rural development, what are you developing? I said, Well, mam,
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  Speaker 2: let me go back to a comment you said earlier,
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  Speaker 2: which is you want your kids to be able to
• 14:32
  Speaker 2: stay on the farm and stay in the community. Well,
• 14:34
  Speaker 2: they have to have opportunities to work. In order to
• 14:37
  Speaker 2: do that, we need to be thinking through what good
• 14:40
  Speaker 2: balanced development means for each community. And each community is autonomous.
• 14:44
  Speaker 2: They have their own decisions on that. We're just there
• 14:46
  Speaker 2: to assist them in what their decisions are.
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  Speaker 1: Well, in these loan programs and these grants, I suppose
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  Speaker 1: for a very rural community with a low population and
• 14:54
  Speaker 1: a low tax base, they this is necessary or they're
• 14:58
  Speaker 1: never going to get their water situation figured out, for example.
• 15:02
  Speaker 2: Correct.
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  Speaker 1: And part of the loan them the money for the
• 15:04
  Speaker 1: massive infrastructure project that have to issue bonds and you know.
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  Speaker 2: Well, we're we're still loaning it for them, and they're
• 15:10
  Speaker 2: doing a bond over a long period of time, but
• 15:12
  Speaker 2: by able to stretch it from a you know, instead
• 15:14
  Speaker 2: of fifteen year amorization, stretching out over thirty years with
• 15:17
  Speaker 2: low interest.
• 15:18
  Speaker 1: Yeah, it's the programs that give you that flexibility, because
• 15:20
  Speaker 1: in the absence of these programs, they'd be dealing with
• 15:22
  Speaker 1: market forces like you and I would would have to do.
• 15:25
  Speaker 1: And somebody's got there going to say, well, no, this
• 15:26
  Speaker 1: is a terrible risk for me. Exactly, I'm not going
• 15:29
  Speaker 1: to give you that money even if you're going to
• 15:30
  Speaker 1: be paying it back over time, because it doesn't look
• 15:32
  Speaker 1: like you have the resources to pay it back long term.
• 15:34
  Speaker 2: Correct, and making sure that they do. We do want
• 15:36
  Speaker 2: to make sure that they're paying it back, and we
• 15:38
  Speaker 2: work with the communities, and actually communities are really good
• 15:40
  Speaker 2: about paying it back. We actually one of the things
• 15:43
  Speaker 2: we try to reach out and do is encourage other
• 15:45
  Speaker 2: banks and such to participate because sometimes the banks will
• 15:48
  Speaker 2: go in do the vetting ahead of time. Not that
• 15:50
  Speaker 2: I'm recommending anyone bank, but like Huntington and Peoples are
• 15:53
  Speaker 2: a couple that we work with. They're great and they'll
• 15:57
  Speaker 2: bring in whether it's community side of things, businesses and
• 16:01
  Speaker 2: say here's a project we like, we vetted it, and
• 16:04
  Speaker 2: we'd like to get some guarantee on it from the
• 16:06
  Speaker 2: federal government.
• 16:07
  Speaker 1: All right, well, this is a US Department of Agriculture
• 16:10
  Speaker 1: rural development program. Where would people go if they want
• 16:12
  Speaker 1: to find more about all? And it would take me
• 16:14
  Speaker 1: probably ten minutes to read all the different potential opportunities
• 16:17
  Speaker 1: you have for grants and loans. What's a good one
• 16:18
  Speaker 1: stop shop?
• 16:19
  Speaker 2: Charles Tassel, USDA Rural Development, Ohio. There you have it,
• 16:22
  Speaker 2: as simple as that.
• 16:23
  Speaker 1: USDA Rural Development, Ohio. Charles Tassel, our Ohio Director of
• 16:27
  Speaker 1: Rural Development. He's riding heard over this and I trust
• 16:29
  Speaker 1: Charles at his job. Thank you very much for explaining
• 16:32
  Speaker 1: this to my listening audience and me more fundamentally. Absolutely,
• 16:35
  Speaker 1: I was really worried man. And no I'm not burning
• 16:37
  Speaker 1: ethanol in my car. Charles. I love the American farmer,
• 16:41
  Speaker 1: but no, stop that. Fifty six fifty five Carez the
• 16:45
  Speaker 1: Detalk Station Love for Charity from Brian Ibolt in Studio