Island Hospital

Anacortes,
WA
(2011)

Island Hospital

Community, Healthcare, Hospitals and Emergency Services

NDC’s investment helped finance the construction of a new Medical Arts Pavilion, which is part of a larger project to improve their ability to bring vital medical facilities to residents of remote and isolated parts of Washington State.

Investment

NMTC Amount: $9,994,000
Total Project Cost: $12,116,316

IMPACT

16 FTE jobs
89 construction jobs

CDEs

Grow America, Kitsap County NMTC

Investor

Washington Federal

Project Description

Island Hospital in non-metropolitan Skagit County is known for its full- service hospital offerings located in a small acute-care facility. With unemployment at 1.69 times the national average, the area’s need for affordable and easily accessible medical care is great. The hospital serves patients from the surrounding areas that would otherwise have to journey as much as 80 miles for services in one of the Seattle Metropolitan hospitals. NDC’s investment helped finance the construction of a new Medical Arts Pavilion, which is part of a larger project to improve their ability to bring vital medical facilities to residents of remote and isolated parts of Washington State. NDC’s $7.6 million Qualified Equity Investment in the $12.1 million project was combined with financing from Washington Federal. Additional NMTC allocation was provided by Kitsap County, resulting in the projected creation of 89 construction jobs and 16 permanent jobs.

MAP

Address: 1015 25th Street, Anacortes, WA 98221

Census Tract: 53057940500

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