Washington Health Care Facilities Authority

Washington Health Care Facility Authority

Welcome to the Washington State
Health Care Facilities Authority

The Washington Health Care Facilities Authority was created by Legislature in 1974 to provide a new source of capital funding for modern, well equipped, and reasonably priced health care facilities. The Authority was further charged with minimizing costs of capital construction, as well as costs to the public for using health care facilities, thus contributing to improved quality of health care in Washington. (RCW 70.37.010)

The goal of minimizing capital costs is accomplished by offering tax exempt financing to nonprofit health care facilities. Without Authority assistance, health care providers would have to borrow at the more expensive interest rates of taxable bonds and notes.

For a list of Eligible Borrowers, click here: EligibleBorrowers

Since it began operation, the Authority has:

1) Issued a total of more than $7.5 billion in tax exempt revenue bonds, of which approximately $3.7 billion is outstanding as of 6/30/07.

2) Completed over 290 separate bond issues.

3) Reduced non-profit health care providers' interest cost by approximately $50.9 million in 2002, $50.8 million in 2003, $51.5 million in 2004, $55.5 million in 2005 and $52.2 million in 2006.

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