Milestones
The Wyoming State Legislature and the Governor approved Long Term Care Choices legislation in 2007. Sheridan was one of three communities that received a grant and pilot status to investigate new ways to care for elders. Sheridan has established a not-for-profit corporation with a Board of Directors, volunteer task force, a services contract with the national Green House project, and pilot program status with the Wyoming Department of Health.
The total cost of the project is $7.6 million, currently need to raise $366,000. This will fund four Green House homes and a small administration building. The plan to raise these funds and the status to date is as follows:
- Approval has been received from the State Land and Investment Board for a pledge in the amount of $891,217 for infrastructure. This grant is contingent on procuring all funding by March 31, 2010.
- Land has been donated and over $1 million has been donated or pledged. A passionate group of community leaders are committed to raising the remaining $2 million needed through in-kind and cash donations and pledges.
- The remainder of the capital cost will be paid through long-term financing. Applications are being made through Lancaster Pollard Investment Bank. Operating cash flow will retire the debt and fund operations.