To make the plan a reality, the city will have to pitch in $460,000. The hospital has tapped the Paces Foundation, a nonprofit that builds housing for older adults and low-income families, to develop 10 acres of the campus.
The Pensacola City Council will decide in December if it will put up the money needed to obtain a 9 percent low-income housing tax credit from the state for the project.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.