There’s no question that, without access to affordable funding, many independent community hospitals will struggle to stay independent as they look for ways to renovate, expand, or replace aging facilities. As this article demonstrates, it takes the kind of team effort that was displayed by Effingham Hospital in Springfield, Georgia to secure the necessary financing to renovate and expand their hospital to better serve a growing community. JJCA is proud to have been a part of the team – providing a master plan designed to get maximum value for minimum cost – a goal that HUD needed to be convinced would be met in order to approve funding.
We’ve learned through our involvement in more than a half dozen HUD 242 projects with hospitals across the country the importance of having both a financial partner, like InnoVative Capital, and an architect firm experienced in the intricacies of HUD 242 to successfully navigate the process. Learn more about this important partnering process here.