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HUD Approves $84.7 Million Deal to Construct 65-Bed Hospital in Vidalia, Georgia

First FHA-Insured Hospital Loan in the State of Georgia. WASHINGTON - April 23, 2009 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced a commitment to insure a loan to Meadows Regional Medical Center (MRMC) in Vidalia, Georgia to construct a new 65-bed hospital to replace an existing 45-year-old facility. The $84.7 million loan is made possible through the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program and is the first FHA-insured hospital loan in the state of Georgia.


Mayor Kasim Reed Advances $380 Million in New Transportation Infrastructure Spending...

Mayor Kasim Reed announced today that the Atlanta City Council has voted 13 to 1 to approve a measure to put a special local option sales tax (TSPLOST) referendum on the November ballot to fund transportation related infrastructure projects throughout the City of Atlanta. The ballot referendum will ask Atlanta voters to authorize a 0.4 percent sales tax increase for a five-year period. The TSPLOST is projected to generate approximately $260 million, which will be leveraged to generate additional matching funds.


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