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Monroe County Hospital

Monroe County Hospital provides medical services to 28,000 patients in a Severely Distressed rural community.
Monroeville, AL

Project Impacts:

  • 17 jobs created and retained
  • Provides medical services to 28,000 patients in a Severely Distressed rural community in Monroeville, AL

PARTNERS:
NCIF: $5.9 million NMTC allocation; $1.025 million loan
CDFI partner: United Bank of Alabama
Large Bank: US Bank

NCIF provided $5.9 million in New Markets Tax Credit allocation and $1.025 million of debt to finance the construction, improvements, and purchase of equipment to expand the capacity of the Monroe County Hospital’s Emergency and Oncology Departments – the only provider of outpatient medical chemotherapy treatment within an 85-mile radius.

United Bank of Alabama (UBA): UBA is long-time partner of NCIF and a CDFI bank located in Atmore, AL. UAB is playing a significant role in the project as a lender.