CONSIDERING that: that the Board of Directors of the Hospital (i) has reviewed and considered the economic costs and benefits of the Project, (ii) the application, in particular the feasibility study of 12 February 2016, carried out by Dixon Hughes Goodman LLP (the “Feasibility Study”), and (iii) the form of the HUD Regulatory Agreement and the required model agreements attached to this Resolution as Annex 1 and its impact on the Hospital. . Hud-insured credit guarantee programs can provide multifamily and health communities with the necessary liquidity, while reducing risk for HUD-eligible lenders. The mortgage is not a recourse to the borrower, which means that the borrower does not personally guarantee the debt and that in the event of default, HUD would be responsible for the entire lender. The term of the mortgage can be up to 40 years, which provides stable interest rates and increased cash flow, and there is no loan agreement…