One of the biggest challenges in getting community hospital building projects off the ground is funding. The Federal Housing Administration (FHA) helps acute care and critical access hospitals access affordable financing for capital projects through its HUD 242 program. The key to navigating the complexities of this rigorous yet rewarding program is engaging an architect/mortgage banker team with experience.
Over the last decade, we’ve led HUD 242 funded projects for six hospitals, like North Valley Hospital in Whitefish, Montana, allowing them to provide the kind of state-of-the-art services their communities need and deserve.
Learn more about this cost-effective funding option by reading this recently published article, a collaborative effort between JJCA principal, David Brown, and Alan P. Richman, our mortgage banking partner with Innovative Capital. Then call us with your questions. Chances are we’ve answered them before.