November 21, 2017 | Published by Becker’s Hospital Review
The Tax Cuts and Jobs Act passed by the House of Representatives on November 16 held an unwelcome surprise for non-for-profit hospitals: the elimination of tax-exempt financing for 501(c)(3) organizations, among other things.
However, the Senate markup, dated November 14, was a bit more tolerable. Below is a summary of tax reform provisions being discussed on the Hill, which could increase borrowing costs for not-for-profit hospitals, and how the FHA 242 hospital program could benefit more hospitals as a result:
The views, opinions and positions expressed within these guest posts are those of the author alone and do not represent those of Becker’s Hospital Review/Becker’s Healthcare. The accuracy, completeness and validity of any statements made within this article are not guaranteed. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author and any liability with regards to infringement of intellectual property rights remains with them.
© Copyright ASC COMMUNICATIONS 2017.
HOSPITAL FINANCE EXPERT
TOOLS + RESOURCES
The information available here will guide you the loan process and give you a sense of the documentation we’ll need to process your transaction. Upon engagement, we will customize these materials based on your asset and the type of financing that best suits your needs. As always, we are available to answer any questions or concerns you may have.
HUD’s loan program for acute care hospitals (including critical access hospitals) provides financing for the new construction, expansion, modernization, equipment and refinancing of existing debt. Love Funding has deep experience executing a variety of hospital finance transactions, including FHA 242, new market tax credits, traditional bond financing and USDA loans.
- Hospital Mortgage Insurance Statute
- Hospital Mortgage Insurance Regulation (24 CFR Part 242)
- Implementation of CFR Parts 200 and 242, Revisions to the Hospital Mortgage Insurance Program (ML 08-42)
- Section 242/223(f) Hospital Refinance Program Final Rule 5334-F-02
- Complete Hospital Mortgage Insurance Handbook