Monroe County Hospital
A Success Story
Amount of NMTC Allocation
- $6 Million*
Community Profile
- Poverty Rate: 26.1%
- Unemployment Rate: 7.5%
- Household Median Income: $28,352
Job Creation
- 21 new jobs for the hospital; which includes one nurse practitioner job, three nursing positions and two administrative positions.
Project Highlights
- 5000 square foot renovation to oncology department that doubles the number of treatment spaces from 7 to 14 and physician exam rooms from 2 to 4
- Expansion of emergency room from 7 bed unit to 12 to accommodate 18,000 visits per year.
- Monroe County Hospital serves Monroe County in rural blackbelt Alabama. The loss of this facility would have resulted in residents having to drive over 50 miles for emergency medical care and over 90 miles for oncology services.
- This hospital reaches patients who otherwise would not have readily available access to health care due to the distance either to Mobile or Montgomery.
*National Community Investment Fund as the tax credit provider and Wells Fargo as the tax credit investor. UB Community Development assisted in structure of financing and coordination of the tax credit transaction.
Monroe County Hospital
A Success Story
Amount of NMTC Allocation
- $6 Million*
Community Profile
- Poverty Rate: 26.1%
- Unemployment Rate: 7.5%
- Household Median Income: $28,352
Job Creation
- 21 new jobs for the hospital; which includes one nurse practitioner job, three nursing positions and two administrative positions.
Project Highlights
- 5000 square foot renovation to oncology department that doubles the number of treatment spaces from 7 to 14 and physician exam rooms from 2 to 4
- Expansion of emergency room from 7 bed unit to 12 to accommodate 18,000 visits per year.
- Monroe County Hospital serves Monroe County in rural blackbelt Alabama. The loss of this facility would have resulted in residents having to drive over 50 miles for emergency medical care and over 90 miles for oncology services.
- This hospital reaches patients who otherwise would not have readily available access to health care due to the distance either to Mobile or Montgomery.
*National Community Investment Fund as the tax credit provider and Wells Fargo as the tax credit investor. UB Community Development assisted in structure of financing and coordination of the tax credit transaction.