The proposed $1.2 billion University Medical Center in New Orleans may be built with the proceeds from bonds supported solely by hospital revenue if federal mortgage insurance is denied for the debt.

Louisiana is seeking federal enhancement through the Federal Housing Administration for $400 million of revenue bonds to help build the 424-room replacement for the flood-damaged Old Charity Hospital.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.