Economic Development
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SPAG established a regional economic development program in 1981. The department has focused on job creation by incorporating elements of planning, financing, marketing, training, and technical assistance (for grant writing services, visit the Regional Services page).
South Plains Economic Development District & CEDS Certified Economic Development Strategy
South Plains Housing Finance Corporation
What is the South Plains Housing Finance Corporation?
It is a non-profit organization sponsored by SPAG that offers first-time home buyers lower interest rates. It was created in 1979 as a public, non-profit organization with a mission to facilitate, in partnership with the private sector, the availability of decent, affordable housing for low-to-moderate income citizens. Interested persons can call the South Plains Housing Finance Corporation at 806.762.8721 to learn who the participating lenders are.
How does it work?
Single family mortgage revenue bonds are funneled through home mortgage lenders throughout the SPAG region and targeted to first-time home buyers. Interested persons can call the Economic Development department at 806.762.8721 to learn who the participating lenders are.