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.
Next: A Time
to Act
