01.17.06

Burr Announces $475,000 for Moore County

Funds to assist with school expansion and construction

WASHINGTON, D.C. - Senator Richard Burr today announced $475,000 in federal funding for Neighborhood Youth Leadership, Inc in Southern Pines. The funding will be used to construct a permanent school facility and expand its enrollment.

"USDA Rural Development funds assist with the growth of organizations like Neighborhood Youth Leadership, Inc," said Senator Burr. "These funds will help the school expand and will be a real asset to Moore County."

USDA Rural Development funds will be used to construct a 20,500 sq. ft. permanent school facility with 19 classrooms, dance/music studios, commons area, auditorium, and administrative area. The new facility will allow the school to expand its enrollment from 162 to 300 K-8 students.

The loan was approved at a rate of 4.5 percent over 30 years.