USDA Rural Development announces that it will provide $27 million in loans to the Community Memorial Hospital, Inc. to be leveraged with $2.55 million from the Community Memorial Hospital District for new medical facilities.
”We are very pleased to be continuing our investment in healthcare for the Syracuse area. This new facility will help ensure that healthcare will continue to be provided locally for generations to come,” said President and CEO Michael Harvey, Community Memorial Hospital, Inc.
“USDA funding will help to meet the health care needs of residents in Syracuse and surrounding communities,” said Community Programs Specialist Janice Stopak, USDA Rural Development. “It is very important that leaders in rural communities continually look for ways to improve the healthcare services that are offered in their community.”
To be constructed is a 45,000 square foot hospital with an additional 20,000 square feet for the medical clinic and administrative space. The new facility will replace the existing Syracuse facility.
The USDA Rural Development loan of $25 million will be repaid over 40 years and the $2 million loan will be for seven years. Both loans will be at 2.875 rate of interest. Funding is provided through the Community Facilities Direct Loan program.
Visit: http://www.rd.usda.gov/programs-services/community-facilities-direct-loan-grant-program/ne
For more information, contact Janice Stopak at 402-437-5743 or Janice.stopak@ne.usda.gov.
President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities.