Long Island College Hospital, Interfaith Hospital, ST John's Hospital are moving toward closure despite offers to purchase and operate them based on Sandy Hurricane claims and transfers of claims under the 203H Hud FHA loan guarantee program.
Despite the advertised availability of 203h loans to Sandy Victimsthere are no providers of 203H loans and the Federal Reserve must become the provider of last resort for 203H loans that will guarantee the continued operation of Hospitals.
NYS DOH and Governor Cuomo refuse to keep community based local Hospitals from closing and are allowing the purchase and transfer of rationed beds to other facilities and the sale of the property in bankruptcy courts.
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