Iowa Cooperative Awards Zero-Interest Loan to Assisted Living Facility

T.I.P. Rural Electric Cooperative of Brooklyn, Iowa was granted $300,000 by the USDA Rural Economic Development Loan and Grant Program to make a zero-interest loan to the Mayflower Community, an Iowa assisted living community, to fund construction of a new dining facility. T.I.P. Rural Electric Cooperative’s Board of Directors added $60,000 in matching funds to fund the $360,000 loan.

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