Story City, Iowa -, Apr 27, 2014 -- Bill Menner, USDA Rural Development State Director in Iowa today participated in a groundbreaking ceremony at Bethany Manor, Inc. in Story City.
USDA Rural Development is providing a $22.5 million direct loan and $3 million loan guarantee to assist with the large facility-improvement project.
“USDA Rural Development is pleased to be a partner in this project that will help improve important health care services and quality-of-life opportunities provided to older adults in central Iowa,” Menner said. “It is an excellent example of the federal government working in collaboration with the local community to positively impact the lives of its senior citizens.”
This year Bethany Manor is celebrating its 100th anniversary of providing healthcare services in central Iowa. Bethany Manor staff offer a full continuum of care for older adults including at-home wellness and education, skilled care, assisted living, independent living and long-term care.
The renovation and expansion project will include the demolition of a nearly 50-year-old building, the construction of two new buildings for transitional care and extended care services, and significant updates to other facilities on the campus.
As Iowa’s population continues to age the need for improved healthcare services aimed at older Iowans is rising, especially in rural areas of the state.
“It is very important that leaders in rural communities continually look for ways to improve the healthcare services that are offered in their community,” Menner added. “USDA Rural Development financing programs can play an important role in making these types of projects a reality, just like they are in Story City.”
USDA Rural Development’s funding continues to have a dramatic impact on rural communities across Iowa. Since 2009, USDA Rural Development has invested more than $3 billion on essential public facilities, small and emerging businesses, water and sewer systems, and housing opportunities for Iowa families.
This past year USDA Rural Development’s investment in Iowa helped create or retain more than 1,000 jobs, aided 2,600 families in buying their own homes and assisted more than 60 communities as they made improvements to their facilities, services and infrastructure.
Contact USDA Rural Development
For more information about finance programs available through USDA Rural Development, please call the office located in Humboldt at (515) 332-4411 Ext. 4. This office serves communities, businesses and residents in Boone, Hamilton, Hancock, Humboldt, Kossuth, Story, Webster, Winnebago and Wright Counties.
USDA Rural Development has 11 offices across the state to serve the 1.7 million Iowans living in rural communities and areas. Office locations include a State Office in Des Moines, along with Area Offices in Albia, Atlantic, Humboldt, Indianola, Iowa Falls, Le Mars, Mount Pleasant, Storm Lake, Tipton and Waverly.
Further information on programs available through USDA Rural Development is available by visiting the agency’s web site at www.rurdev.usda.gov/ia.
USDA Rural Development is working with rural communities to create jobs, expand opportunity, encourage innovation and build a strong foundation for the future. The agency currently administers and manages more than 40 housing, business and community infrastructure and facility loan and grant programs designed to improve the economic stability of rural communities, businesses, residents and farmers and improve the quality of life in rural America.
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. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values.
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