|(JULY 3, 2013) CRISIS AND COUNSELING CENTER, INC. HAS BEEN SELECTED TO RECEIVE $1.04 MILLION USDA RURAL DEVELOPMENT LOAN GUARANTEE IN PARTNERSHIP WITH TD BANK, N.A.|
|Bangor, ME, Jul 03, 2013
@@USDA Rural Development State Director Virginia Manuel has announced that Crisis and Counseling Center, Inc., of Augusta, has been selected to receive a USDA Rural Development Community Facility Guaranteed Loan in the amount of $1.04 million in collaboration with TD Bank, N.A.
The Loan Guarantee will be used to purchase the facility it currently leases at
USDA Rural Development State Director Virginia Manuel said, "This critical USDA Rural Development investment of a $1.04 million Community Facility Guaranteed Loan with TD Bank, N.A. will assist Crisis and Counseling Center, Inc. in continuing to provide its valuable mental health care services to the 1,000 clients in Kennebec and Somerset counties who depend on it. I am pleased USDA Rural Development can assist such a vital Maine organization secure a permanent place of operations and in turn help so many Maine people."
Crisis and Counseling Services, Inc. Chief Executive Officer Lynn Duby said, "We are delighted that USDA Rural Development has approved our loan guarantee request. Having a permanent home for our services assures staff and consumers that we will be here to provide needed support well into the future."
TD Bank, America's Most Convenient Bank, Maine President Lawrence Wold said, "TD Bank in Maine is thrilled to partner with USDA Rural Development to support Crisis and Counseling Center, Inc. and the programs it provides that make a difference in the lives of so many Maine people. TD Bank understands projects like these are essential to making a meaningful and positive contribution to Maine communities and I am pleased we can a play such an important role in assisting this beneficial organization."
USDA Rural Development makes guaranteed loans to develop essential community facilities in rural areas and towns of up to 20,000 in population. Loans and guarantees are available to public entities such as municipalities, counties, and special-purpose districts, as well as to non-profit corporations and tribal governments. Loans made by conventional lenders and guaranteed by USDA Rural Development.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.
USDA Rural Development has Area Offices located in Presque Isle, Bangor, Lewiston, and Scarborough, as well as a State Office, located in Bangor. There are 63 employees working to deliver the agency's Housing, Business, and Community Programs, which are designed to improve the economic stability of rural communities, businesses, residents, and farmers, and improve the quality of life in rural Maine. USDA Rural Development invested a total of $402.5 million in Maine communities last Fiscal Year. Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA Rural Development's web site at http://www.rurdev.usda.gov/me.
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 users).