Road to reality
The Road from Idea to Reality
Your donation can make the stories of scary trips and late arrivals to Maui's distant hospital a thing of the past. West Maui Hospital will cost an estimated $35 million to build, including the advanced technology specialist physicians need to provide acute emergency care. Most of this money can be borrowed through a federal program specifically for financing urgently needed hospitals. What we need from you is help raising $4 million - $500,000 immediately - to get us to the place where we can participate in this federal lending program.
Federal Funding Contributes Much of the Cost The Housing and Urban Development Department of the Federal Government (HUD) runs a major program (Section 242) to fund urgently needed hospitals like ours. This agency has lent more than $17 billion in hospital mortgage insurance commitments since Section 242 began in 1968 and financed over 300 hospitals nationwide. Moreover, HUD seeks to diversify its hospital lending geographically. There are no hospitals in Hawaii that have taken advantage of this program.
Our West Maui Hospital plan fits well into all HUD Section 242's criteria. Also, the value of the land generously donated to us by Ka'anapali Development Corporation can be used as the sole collateral for this loan. Still another plus - the Federal Government's Office of Engineering Services provides strong project development and construction oversight to HUD funded projects.
Nationally Known Experts Are Part of the Development Team
We recognize building a hospital is a complex undertaking. For that reason, several months ago we sought out and enlisted two exceptional advisor companies to work with us until our Hospital is successfully up and running.
- Innovative Capital specializes in federally financed hospital construction.
- Quorum Health Resources, specializes in hospital operations.
These organizations have professionally charted the course of the entire journey and ensure that our West Maui Acute Emergency Care Hospital receives not only the most favorable lending rates but also moves forward in a timely way and excels in acute patient care with the highest quality standards. IV.
Read More:
- Bringing a Hospital to West Maui
- Matter of Life For Residents and Visitors
- Road To Reality
- A Time to Act