Rotary Senior Living Board Reviews Final Plans For New Memory Unit To Be Added To Eagle Grove, Iowa Facility
Final plans are in place for the development of a memory care addition to the Rotary Senior Living facilities located in Eagle Grove, Iowa. Rotary Senior Living is a licensed 42 residential care facility (RCF) and a 46 bed skilled nursing facility (SNF). The current facilities include apartments, duplexes, townhomes, wellness center providing out patient rehab and fitness center services and low income housing.
Memory care units are specifically designed to provide a physical layout and security to better suit Alzheimer’s and dementia patients. Wandering behavior is minimized and the environment provides for a relaxing and easy to navigate floor plan that soothes and comforts residents.
Board members of Rotary Senior Living are partnering with the USDA Rural Development and Security Savings Bank in the planning and construction of the new addition.
USDA Rural Development’s community facilities guaranteed loan program provides loan guarantees to eligible private lenders to help build essential community facilities in rural areas.
Private lenders may apply for a loan guarantee on loans made to an eligible borrower (community-based non-profit corporations) that is unable to obtain the needed commercial credit on reasonable terms without the guarantee.
The project must be located in a rural area including cities, villages, townships and towns with no more than 20,000 residents according to the latest U.S. Census Data to be eligible for this program.
USDA Rural Development’s guaranteed loan funds can be used to purchase, construct, and /or improve essential community facilities, purchase equipment and pay related project expenses.
Examples of essential community facilities include: Health care facilities such as hospitals, medical clinics, dental clinics, nursing homes or assisted living facilities, Public facilities such as town halls, courthouses, airport hangers or street improvements, Community support services such as child care centers, community centers, fairgrounds or transitional housing, Public safety services such as fire departments, police stations, prisons, police vehicles, fire trucks, public works vehicles or equipment, educational services such as museums, libraries or private schools, Utility services such as telemedicine or distance learning equipment, local food systems such as community gardens, food pantries, community kitchens, food banks, food hubs or greenhouses.
“As a Rotary Senior Living Board member, I can speak for all the members that we are excited to move forward with the memory unit as we strive for a continuum of care for our community,” states Paul Tokheim. “Being able to provide quality programs for Eagle Grove and the surrounding region assists in keeping individuals needing these services close to their families and loved ones.”
Security Savings Bank in Eagle Grove will be the private lender to facilitate the funding after approval has been received by the USDA Rural Development program.
“Security Savings Bank is delighted to be involved in the project with Rotary Club of Eagle Grove Home Inc. This expansion of such a vital service is very positive for Eagle Grove and the surrounding communities. Additionally, the project will help an established Eagle Grove business expand their services offered to benefit current and future generation’s.” – Chad A. Tweeten, Vice President for Security Savings Bank.
Rotary Senior Living is a licensed 42 residential care facility (RCF) and a 46 bed skilled nursing facility (SNF) located at 620 SE 5th Street, Eagle Grove, IA. Facilities include apartments, duplexes, townhomes, and low income housing. The Wellness Center is a recent addition and provides outpatient rehabilitation and community fitness programs