2020 Non-Metro QLICI of the Year Award Recipient
Tippah County Hospital
CDEs: HOPE Enterprise Corporation, MuniStrategies, Capital One, Three Rivers CDE
Developer: Tippah County Hospital Foundation, LLC
Owner: Tippah County Hospital Foundation, LLC
Location: Ripley, MS
Tippah County Hospital is a critical access provider in Ripley, Miss., that is building a new adjacent facility. The current facility is more than 60 years old and is in need of replacement. The new facility will help improve local medical talent and patient outcomes, and it will provide emergency healthcare to the residents of Tippah County and nearby Benton County—which does not have a hospital.
The development’s four CDEs—MuniStrategies, HOPE Enterprise Corporation, Capital One and Three Rivers Community Development Corporation—provided more than $25 million in NMTC allocation to help fund the new facility. Tippah County Hospital was also allocated $10 million in Mississippi NMTCs.
“This was a tremendous hometown effort,” said Alan Lange, managing director at MuniStrategies. “All three CDEs, all of the CDE counsel and the state tax credit investor were all Mississippi-based and came together to make this project happen. Mississippi has worked hard to grow this ecosystem for successful community based investing and this project was the culmination of those efforts over the last decade.”