The Hancock-Henderson Quill, Inc.

Funding Has Arrived For New Sister Facility at Oak Lane

June 17, 2008 - Several gathered north of the Oak Lane Nursing & Rehab sign at the future site of Oak Wood Retirement Village, for a check presentation, refreshments, and a look at the plans.

After diligent planning and work by Henderson County Retirement Board President Diana Doran and Administrator Richard Clifton and board members, the facility received USDA Rural Development's low interest rates and loan guarantee. The loan was originated by Security Savings Bank, Monmouth, with participation of the Bank of Stronghurst and Raritan State Bank.

The low interest rate, and USDA's backing of the bank loans, will make it feasible for HCRC to begin construction on a nearly $2.5 million assisted living facility adjacent to the nursing home they operate. Older residents in Stronghurst and surrounding communities will have the option to continue living in or near their home communities in adjacent facilities that best meet their changing health care needs.

USDA Rural Development State Director Doug Wilson and Congressman Phil Hare came to made the presentation.

It is projected the facility will be open by Spring 2009.

Above from left is HCRC Board President Diana Doran, board member Ralph Tatge, Nikki Morgan and Doug Wilson of USDA Rural Development., and Administrator Richard Clifton.