USDA Provides Funds to Rural Areas

USDA is investing $243 million in 50 rural community facility projects in 22 states through the Community Facilities Direct Loan Program. The program invests in more than 100 types of projects in hospitals, healthcare facilities, medical clinics, dental clinics, nursing homes or assisted living facilities. USDA is investing funds to use for utility services such as telemedicine or distance learning equipment, and for other infrastructure improvements.

Direct loan awards made last May included loans going to facilities providing healthcare related to behavioral health and substance abuse and loans to build and renovate medical facilities that included:

  • Northwest Colorado Visiting Nurse Association received $682,000 to purchase outpatient healthcare services in Craig Colorado and provide preventative and comprehensive care including behavioral and opioid misuse treatment services
  • Heart 2 Heart in Wheeling, West Virginia received and $2.9 million loan to establish a substance abuse/behavioral health facility to serve Ohio County and the surrounding area.
  • Midwest Medical Foundation located in Illinois received $33,000,000 to build a critical access hospital, nursing home, assisted living facility, medical clinic, plus other assets in the tristate area
  • Community Memorial Hospital received $65,000,000 to construct a replacement hospital and physician office building to provide more services to residents in the area

 

Go to https://www.rd.usda.gov/files/USDA-RDCFDirectLoansChart_05-2018.pdf for more information on the total number of loans for $243,202,633 that went to 22 states.

https://www.rd.usda.gov/programs-services/community-faciltities-direct-loan-grant-program has more information on the Community Facilities Direct Loan Program.

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