Richard B' Hoffpauir

1
Community Programs
Overview

• Richard B. Hoffpauir
• Community Programs Director
• Louisiana State Office
• Community Programs Specialist
• Corey Young
• Community Programs Specialist
• Jeanne Thiels

2
Community Facilities Purpose

• Striving to ensure that public facilities are
  readily available to all rural communities.
• State Director Clarence W. Hawkins

3
Community Facilities Program

• Program Overview
• Direct Loan Program
• Grant Program
• Guaranteed Loan Program

4
Community Facilities Grant, Direct Loan, and
Guaranteed Loan

Provide essential community facilities for rural
communities, such as

• Transportation
• Recreation (Guaranteed Only)
• Other essential community facilities

• Fire, rescue, and public safety
• Health care
• Cultural and educational
• Public buildings

5
Funds are Available to
Community Facilities Grant, Direct Loan, and
Guaranteed Loan

• Municipalities
• Parishes
• Special-Purpose Districts
• Indian Tribes
• Corporations not operated for profit

6
Community Facilities DirectLoan Terms and
Conditions

• Up to 100 of market value
• Maximum of 40 years or life of facility
  (security)
• Security can be bonds, notes, real estate,
  equipment, etc.
• Rates are set quarterly based on an index of
  current market yields for municipal obligations
• Current Rates 4.375 optimal rate
• Poverty
• Intermediate
• Market
• Rates determined quarterly

7
Community Facilities Grants remember, needs
based!!!

• Eligible percentages
• 75
• 55
• 35
• 15 All dependent upon population median
  household income.
• Matching funds cannot be in-kind for federal
  grant funds.
• G Word limited funds
• Must meet test for credit- not afford a Rural
  Development direct loan.

8
Community Facilities Guaranteed Loans

• 90 Guarantee and lender will retain a minimum of
  5 of total loan amount
• Eligible borrower, purpose and area all the same
  as direct
• Difference
• Rates and terms are negotiated between applicant
  and lender
• Lender services the loan

9
Why a Guaranteed Loan?

• Although a taxable interest rate, lenders
  typically provide more favorable rates and
  terms.
• Can easily blend with a direct loan
• Example 10,000,000 project
• 5,000,000 40 years _at_ 4.5
• 5,000,000 30 years _at_ 7.5
• Equates to 35 year term _at_ 6
• Lenders appreciate the security of the guaranteed
  loan and typically require less mandated security
  coverage.

10
Stair step effect

• Commercial Credit
• Guaranteed Loan
• Direct Loan
• Grant

11
Projected 2010 Funds Projected in Millions
Nationwide

• 665 Reg Direct Loan Funds
• 21 Reg Grant Funds
• 15 EII Grant Funds
• 11 Disaster Grant Funds
• 410 Disaster Direct Loan Funds
• 930 ARRA Direct Loan Funds
• 71 ARRA Grant Funds
• 310 Reg Guaranteed Loan Funds
• Funds are available! http//www.rurdev.usda.
  gov for more information

12
Louisiana Rural Development Financed Projects

• Critical Access Hospitals
• Rural Hospitals
• Federally Qualified Health Clinics and more!

13
Hospital Service District of St. Mary Parish

• Direct Loan
• Guaranteed Loan
• State Grant
• Critical Access Hospital
• New 25-bed facility
• Located in Franklin, LA

14
St. James Hospital Service District

• Direct Loan
• Guaranteed Loan
• Critical Access Hospital
• Located in Lutcher, Louisiana

15
Abbeville General Hospital

• Hurricane Project
• CF Direct Hurricane
• CF Grant Hurricane
• FEMA
• Hardening of facility, equipment, renovations

16
Primary Care for a Healthy Feliciana

• FQHC
• Direct Loan Funds
• Primary source of medical care during hurricane
  Katrina
• DLT recipient
• Located in Clinton, Louisiana

17
Primary Care for a Healthy Feliciana

18
How can the Community Facilities Program assist
you?

• Funding at reasonable rates and terms for your
  Electronic Medical Records system.
• Funding for related bricks and mortar costs.
• Funding for professional services including bond
  counsel, local counsel, architectural or
  technical services.
• Whats the catch!? None! Simply file an
  application with an Area Office that meets
  eligibility and feasibility guidelines, follow
  required procurement procedures, and move forward
  toward your new and efficient medical records
  system! Its a relatively simple process with
  step-by-step Rural Development assistance
  throughout the process.

19
Your Project ?

• Contact our local Area Office for application
  assistance.
• Offices in Amite, Lafayette, Monroe, and
  Natchitoches

20
Questions

• Thanks for the interest in the programs of USDA,
  Rural Development.
• Area Office Contacts - Extension 6
• Amite Area Office Bruce Bordelon (985) 748
  8731
• Lafayette Area Office Robbie Fontenot
  [phone]
• Charles Miniex
• Natchitoches Area Office Tony Matlock (318) 352
  7100
• Monroe Area Office Sonja Tackett (318) 343
  4467
• Cheryl Rodgers
• These are your processing officials!