HUD/FHA Approves $22 Million Hospital in Coquille, Providing 383 Construction Jobs/40 Full Time Permanent Jobs When Completed.

HUD PR is HERE. From PR

The FHA-insured mortgage loan will be used to construct a new three-story, 18-bed, critical access hospital adjacent to the existing facility...The loan will also be used to refinance a 2005 loan related to expansion of the Coquille Medical Clinic. By insuring the mortgage loan, FHA is enabling the hospital to obtain lower cost financing that will save an estimated $1.5 million in interest expense over the life of the loan....HUD estimates the Coquille Valley Hospital construction project will support 383 full-time jobs and provide an estimated economic stimulus of more than $55.2 million to the community. Once completed, it is estimated the project will support 40 full-time jobs and provide an annual economic benefit of $6.2 million.

Originally created and posted on the Oregon Housing Blog.