|USDA RURAL DEVELOPMENT FINANCES ASBURY PARK EXPANSION|
|Topeka, KS, Aug 24, 2012
@@Asbury Park Inc., a not-for-profit continuing care retirement community in Newton, Kan., has received a $16 million boost from USDA Rural Development to help finance a large construction and renovation project on its 34-acre campus. The funding will ensure Asbury Park can continue to provide a high level of quality care to its residents.
“USDA Rural Development partners with rural Kansas communities to invest federal funds into projects that provide a benefit to the community,” said USDA Rural Development State Director Patty Clark. “Asbury Park is creating a better quality of life for its current and future residents, and providing a vital service to the community.”
The project includes replacement of Asbury Park’s existing assisted living building with a new 36,466 square-foot assisted living facility. The new facility includes a secured assisted living area as well as the traditional assisted living model. Two additional Green House Homes for individuals requiring 24-hour skilled nursing services will be built, and the first floor of Asbury Park’s Health Care Center will be remodeled to include a Post-Acute Care Unit.
Asbury Park has been assisting elderly individuals in Newton for 50 years. The organization is a leader in elderly healthcare and provides services to more than 200 individuals, including 24-hour skilled nursing care, assisted living services, rental cottages and patio homes for independent living, and home health.
“Asbury Park is blessed to have obtained a partnership with the USDA Rural Development program that makes this major transition possible for the environmental benefit of our current residents and future residents. These new environments on our campus will be state of the art, positioning us for changes in our national and statewide health care systems,” said Asbury Park CEO Tom Williams.
USDA Rural Development provided an $11 million Community Facilities Direct Loan, a $4.45 million Community Facilities Guaranteed Loan, and a $702,500 Rural Economic Development Loan. Emprise Bank in Wichita and Butler Rural Electric Cooperative Association partnered with USDA Rural Development to make funding available for the project. Law-Kingdon Architecture and Hutton Construction have been selected to complete the project.
For additional information regarding this and other USDA Rural Development programs visit the Agency’s website http://www.rurdev.usda.gov/KS, or call the Agency’s state office at 785-271-2700.
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. Rural Development has an existing portfolio of more than $172 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice