What are the equity contribution requirements for hospital and residential health care facility (RHCF) applications?
For hospital capital projects, the equity contribution toward total project cost is at least 10%. For RHCF projects (including adult day health care programs ), the equity contribution is expected to be at least 25% of total project cost. If, however, the RHCF project contains certain desirable characteristics, such as a proposed decertification of beds, a proposed conversion of RHCF beds to another less costly program element, or if project costs are below the applicable percentage of the RHCF bed caps, then the project may qualify for reduced equity funding. Please call the Bureau of Financial Analysis (518-402-0953) to discuss these issues with respect to your project.
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- What are the equity contribution requirements for hospital and residential health care facility (RHCF) applications?
