Jasper Schneider, State Director

Transcription

1 USDA Rural Development Committed to the future of rural communities. Jasper Schneider, State Director

2 USDA Rural Development Kathy Coyle Business & Community Development Specialist

3 Rural Development, a branch of the U.S. Department of Agriculture has over 40 programs aimed at helping business owners, communities, Indian tribes, schools and universities, health care providers and much more.

4 What is RURAL? Depending on the program, rural means less than 50,000 people (all but Fargo, Bismarck, and Grand Forks ). Rural is less than 20,000 people in the Community Facilities (CF) program.

5 USDA Rural Development: Housing loans and subsidies Business loans (grants to public bodies) Grants to farmers, ranchers and cooperatives to add-value Grants to farmers and businesses for energy efficiency or renewable energy Community Facility loans and grants Distance learning and telemedicine projects. Infrastructure for small towns & countryside. And more!

6 Rural Development offers: Business loans Grants to public bodies and certain business sectors

7 RED Loan to Dakota Valley Electric Cooperative for $740,000 to loan at 0% for ten years to Giants a sunflower seed manufacturer in Wahpeton

8 REDLG $300,000 loan to Roughrider Electric for expansion of a Dickinson childcare facility, KinderKidz The 16k square foot facility will educate 143 children. Childcare was a top need uncovered by RD s ND 2.0 town hall series.

9 2 RD programs financed a Velva Convenience Store in 2013 $159k Rural Energy for America (REAP) grant for blender pumps $1m REDLG business loan via Verendrye Electric

10 FY13 ND Business Investments Business & Industry guaranteed loans $22.8m REDLG $4.6m Renewable Energy Systems Grants $237,000 Rural Co-op Development Grants $400k *RBEG $208,500 *RBOG $306,000 (*one program in FY15)

11 Rural Development offers: Community Facility loans and grants to communities 20,000 or less in population Examples: libraries, community centers, senior or child care facilities, health care, fire trucks, ambulances, and more.

12 Jamestown Community Hospital $46m Community Facilities Loan

13 July 2014 Groundbreaking for the McKenzie County Hospital under construction in Watford City, ND --

14 A $39m USDA Rural Development loan is making the Watford City project possible

15 Southwest Healthcare -- Bowman Hospital & Clinic $15m loan (55% of the project)

16 Rolette Community Care Center $6.9m guaranteed loan from RD via Rolette State Bank

17 Crosby Hospital $5,842,000 Community Facilities (CF) direct loan and a $1m CF guaranteed loan through their local bank for the $7.5m project (made possible with ARRA or stimulus funds)

18 New fire station in West Fargo when the area was still considered rural south of I-94

19 Community Facilities (CF) loan rates as of April 1, 2014 Poverty 4.5% (set by law otherwise it is usually lower than others) Intermediate 4.25% Market 4.125% 40 year maximum term (no prepayment penalty and no balloons allowed)

20 Community Facilities Program 2013 Investments in ND CF Direct Loans $30.4m CF Guaranteed Loans $1.8m CF Grants $602,000

21 Water and Environmental Programs (WEP) loan rates as of July 1, 2014 Poverty 2.375% Intermediate 3.25% Market 4% Term: 30 years sewer, 40 years water no prepayment penalty and no balloons Maximum population 10k

22 Dickinson Affordable Housing announced June 2014 to offer 134 apartments below market rate. The RD loan is $14.2m for the $20m complex

23 Lutheran Social Services of ND received RD Loans for affordable housing An old junior high school in Williston was renovated

24 Old graffiti classrooms were replaced with beautiful apartments

25 And the former hospital in Jamestown was renovated by LSS ND to provide affordable housing in 2014

26 Jamestown Legacy Living Center 51 apartments for older adults and many other services and businesses serving the Jamestown area

27 For more information contact: Kathy Coyle or or Rural Development s State Office in Bismarck