FHA Insured Tax-Exempt Mortgage Revenue Bonds
The Unity Hospital of Rochester is the acute care provider of Unity Health System, a network of senior care services located in western Monroe County, New York. The proposed project is an addition and total renovation of this 1974 hospital. Upon project completion, Unity will be state of the art. The complex nature of the construction of additions to and total renovation of an operating hospital while it remains in full service added to the necessity of close cooperation between the construction project team, the financing team, and required significant coordination with the New York State Department of Health. AMS worked closely with one of the leading underwriters of municipal bonds to achieve a timely and cost effective financing for Unity. A pre-existing Section 232 financing for a sister company presented some special opportunities to work closely with the two divisions of the HUD Office of Healthcare Programs: Hospitals and Residential Care Facilities.