DMHC Receives USDA Commitment For New Hospital Project

Daniels Memorial Healthcare Center (DMHC) has received a Letter of Conditions from USDA Rural Development for the hospital’s replacement facility project. The Letter of Conditions outlines the terms of a longterm loan commitment from USDAand allows the project to move into the next stage of development.

The total project cost is estimated at $34 million, with over $26 million coming from a 35-year USDA Rural Development loan at a fixed 4.25% interest rate, with the potential to adj...