November 6, 2018
$3,500,000
WHEFA Bond Financing Helps
Stoughton Hospital Association Renovate
Bonds Placed with First Madison Investment Corporation
“Tax-exempt financing allows our facility to continue to grow service lines, have advanced equipment and technology, exceed expectations for safety and security for our patients and staff, and better serve the growing communities in our service area. Working with WHEFA on our 2018 bond issue, I am once again impressed by and thankful for the expertise and support of the WHEFA staff.”
– Michelle Abey, Chief Financial Officer/VP of
Financial Services
Stoughton Hospital Association
13 jobs with an annual payroll of approximately $680,000 will be retained. The project will create approximately 10 construction jobs.
Bond financing facilitated by WHEFA will be used to help Stoughton Hospital Association finance costs associated with the renovation, remodeling, expansion and equipping of the medical imaging area, surgical services physician changing room and certain other capital improvements at the hospital in Stoughton, Wisconsin. This federally tax-exempt financing process has enabled the hospital to operate more effectively by financing its capital expenses at a lower interest rate (3.73%).
WHEFA is proud to continue its mission of assisting all eligible Wisconsin non-profit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.
