Officials in Tennessee broke ground on a $47 million state veterans nursing home in a ceremony in Cleveland, Tenn., the Associated Press reported Aug. 22.
The 108-bed skilled nursing facility will include six 18-bedroom residential houses linked by interior shared support spaces.
The U.S. Department of Veterans Affairs is contributing a $30.5 million grant, while Bradley County and the city each chipped in $2 million. The state of Tennessee added $10 million, and an anonymous donation of $3 million was pledged in 2006 — three years after the county and the Cleveland City Council passed resolutions in support of a nursing facility for the long-term care of veterans.
Philip Health Services Receives USDA Grant to Improve South Dakota SNF
Philip Health Services, Inc. received a grant of almost $5 million in federal funding to improve its nursing home in Philip, S.D. from the U.S. Department of Agriculture’s Rural Development office, the Capital Journal reported.
The funding, along with $4.735 million in other contributions, will support renovations for the current nursing home, including a 14,500 square-foot addition with a memory care unit and 12 additional beds.
“This project will assist PHSI with improving their health care facility that delivers a foundation for growth and prosperity in this rural community,” Julie Gross, state director for USDA Rural Development, said.
Capital Funding Announces $5.8M Closing for Bridge-to-HUD Loan for Ohio SNF
Capital Funding, LLC this week announced the closing of a $5.8 million bridge-to-HUD loan on July 31, in a deal that allowed the owner of the 120-bed Longmeadow Skilled Nursing and Rehabilitation Center in Ravenna, Ohio, to refinance the SNF — which is currently operated by Embassy Healthcare.
The Baltimore-based Capital Funding Group — a subsidiary of CFG Community Bank — expects to ultimately refinance the debt through the Department of Housing and Urban Development’s (HUD) 223(f) Refinance program.
The deal was originated by Capital Funding’s Craig Casagrande.
Companies featured in this article:
Associated Press, Capital Funding Group, Capital Journal, Philip Health Services, U.S. Department of Agriculture, U.S. Department of Veterans Affairs
