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Michigan State Hospital Finance Authority
was created in 1969 by the Michigan legislature by
Act No. 38, Public Acts of
Michigan, 1969, to issue
bonds and make loans to hospitals, nursing homes, homes for the aged,
hospices and certain retirement housing providers to finance and
refinance the acquisition, construction, improvement or alteration of
hospital facilities and the payment of project costs. |
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| Mission
Statement |
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The Michigan State Hospital Finance
Authority will provide low cost capital financing to non-profit
providers of health care services that participate in any phase of
the continuum of health care.
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| MSHFA
Financing Programs |
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Healthcare
Facility Financing |
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Bond Program for hospitals, nursing homes, homes for the aged,
hospices and certain retirement housing providers to finance and
refinance the acquisition, construction, improvement or
alteration of hospital facilities and the payment of project
costs. (More) |
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Healthcare
Equipment
Loan Program |
| The
Healthcare Equipment Loan Program (HELP) is a tax-exempt
financing plan that offers Michigan health care organizations
a low-cost alternative to conventional methods of borrowing
for a variety of capital-related purposes. HELP involves a
group of borrowers participating in a single bond issue and
sharing the costs of issuance and administrative fees
associated with the bond issue. (More) |
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| MSHFA Board Meetings |
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Next Meeting:
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January 13, 2009 |
10:00 a.m. |
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To Be Announced |
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Location:
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Via teleconference at
Cadillac Place,
AG Suites, 10th Floor
Room 10-560
3030 W. Grand Blvd.
Detroit, Michigan
and
G. Mennen Williams Building
Law Library, 7th Floor
525 W. Ottawa St.
Lansing, MI |
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Driving
Directions
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| MSHFA Members |
Chair:
Susan W. Martin |
President
Eastern Michigan University |
Vice Chair:
Asad M. Malik |
V.P. of Finance & CFO Rehabilitation Institute of Michigan |
Members:
Linda
E. Bloch |
Of Counsel
Allen Brothers , P.L.L.C. |
| MaryLee Davis |
Professor of Higher, Adult,
and Lifelong Education
Michigan State University |
| Robert
J. Kleine |
State
Treasurer |
| Janet
Olszewski |
Director
Dept. of Community Health |
| Jayprakash Shah |
Vice-President
Somat Engineering |
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| Representative for State Treasurer: |
Tom Saxton
Deputy State Treasurer |
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Representative for Director of DCH: |
Nick Lyon
Deputy Director |
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Michigan
State Hospital Finance Authority
Location: Austin
Building, 1st Floor
(Formerly Treasury Building)
430 W. Allegan
Lansing, MI 48922
Mail: P.O. Box 15128
Lansing, MI 48901
Phone: (517) 335-0994 Fax: (517) 241-9509
www.michigan.gov/mshfa |
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