Success Story
Release No.STELPRD4019109
, Jan 03, 2013 --

Outline Of Need: The aging population and need for dementia care are increasing. Although the need is great, new construction of Age in Place facilities has been slow. "Aging in place" is growing older without having to move. For example, seniors who are living in an Independent Retirement Community or Assisted Living facilities do not want to be moved to another facility when their health declines and their care needs increase. They want to stay in a familiar environment, surrounded by friends and activities that they have come to associate with "home."


How Rural Development Helped:

USDA Rural Development worked in concert with Southeast Lending Consultants, LLC and Morris Bank to provide Gracemont Holdings & Investment, Inc & Gracemont Assisted Living & Memory Care, Inc with an 80% Guaranteed $4,751,000 Business & Industry Loan to purchase 6.9 acres adjacent to Gracemont Assisted Living & Skilled Nursing Center and to build an additional facility (Gracemont II). This is Georgia’s first licensed Assisted Living Services Facility.

The Results:

Gracemont offers freshly prepared dining like eating in a fine restaurant, new, modern rooms with full bathrooms, a recreation and entertainment schedule and a skilled staff of Certified Nursing Assistants (CNA) and Certified Medication Aides (CMA) in its state-of-the-art facility. “We couldn’t be more proud of being a part of this project,” said Stacy Brantley of Morris Bank.