The Michigan State Hospital Finance Authority
is empowered to issue bonds and make loans to hospitals, nursing homes, homes
for the aged, hospices and certain retirement housing providers to finance and
refinance the acquisition, construction, improvement or alteration of hospital
facilities and the payment of project costs.
Eligible
BorrowersBorrowers must be private, non-profit Michigan
health care organizations engaged in some phase of hospital, nursing home, homes
for the aged, hospice and certain retirement housing activity or in providing
services to hospitals.
Eligible
ProjectsEligible projects include: buildings, outpatient
clinics, laboratories, laundries, residences for nurses, doctors, or interns,
research, administration or office buildings, maintenance, storage or utility
facilities, parking lots, equipment, furnishings and land used by a hospital.
Eligible costs associated with the projects include: plans, studies, surveys,
architectural, engineering, legal, financing, acquisition, demolition, site
development and remodeling costs plus interest during construction. Expenditures
for project costs may be reimbursed within one year, if the hospital had
officially declared its intent to finance the hospital facilities with
tax-exempt bonds within 60 days of the expenditure.
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Application Materials
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MSHFA
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Michigan State
Hospital Finance Authority
Austin Building, 1st Floor
(Formerly Treasury Building)
430 W. Allegan
Lansing, MI 48922
Phone: (517) 335-0994 Fax: (517) 241-9509
Treas_Authority_Finance@michigan.gov
www.michigan.gov/mshfa
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