Auburn, Nebraska, Aug 09, 2011 -- USDA Rural Development announces the awarding of a $100,000 loan and $56,590 grant to The Auburn Memorial Library Foundation, Inc. for their library expansion project. Leveraged funds of $265,410 from the Foundation and $75,000 from the Peter Kiewit Foundation will be provided.
“We are pleased to announce that The Auburn Memorial Library Foundation, Inc. is the recipient of USDA Rural Development funds that will expand their library, making it an even more valuable asset to the community and those it serves,” said Nebraska State Director Maxine Moul, USDA Rural Development.
“We appreciate the help the USDA has given us so that we are able to meet our funding goal. We're excited and can't wait to get started on this project," said President Mary Ann Cheney, The Auburn Memorial Library Foundation, Inc.
The Auburn Memorial Library expansion consists of adding a community meeting room, a youth services area and additional space for books and items such as computer labs.
“A library is an intricate part of a community. We take great pride in being able to help Auburn update their library,” said Area Specialist Janice Stopak, USDA Rural Development.
Funding is provided through the USDA Rural Development Community Facility Loan and Grant program. The loan terms are 40 years at 4.25 percent rate of interest. For more information contact Janice Stopak (402) 423-9683 ext. 121.