Springfield, PA and Eldorado, IL: (December 17, 2020) – On October 30, 2020, the board and senior management of Ferrell Hospital, along with its medical staff and hospital personnel, as well community leaders participated in a ribbon-cutting ceremony  to celebrate the completion of Phase I of its $34 million expansion and modernization project. Thereafter, on…

Springfield, PA, and TULSA, OK: (September 1, 2020) – InnoVative Capital, LLC  acted as Municipal Advisor to the Tulsa Housing Authority (THA) in the RAD conversion and financing of major renovations and modernization of two federally-owned low-income housing properties, Apache Manor Apartments and Sandy Park Apartments. Under the U.S. Department of Housing and Urban Development’s…

Springfield, PA and Tulsa, OK: (April 23, 2020) – InnoVative Capital, LLC  acted as Municipal Advisor to the Tulsa Housing Authority (THA) in the financing of Phase One of THA’s Choice Neighborhoods Implementation (CNI) project. Located in Tulsa’s Eugene Field neighborhood, this project will bring new affordable and mixed-income housing to replace aging low-income housing,…

Springfield, PA: (November 5, 2019) – InnoVative Capital is pleased to announce that Mr. Alan Richman, InnoVative Capital, President & CEO has been invited to speak at two upcoming Public Housing Conferences in the first quarter of 2020. The first, Public Housing Authorities Directors Association’s (PHADA) 2020 Commissioners Conference, to be held January 5-8, 2020…

Springfield, PA: (September 23, 2019) – InnoVative Capital is pleased to announce that Mr. Alan Richman, InnoVative Capital, President & CEO will be speaking at the 33rd Annual American Hospital Association AHA Rural Health Leadership Conference. This conference is to be held on February 2-5, 2020 at the Arizona Grand Resort & Spa in in…

Springfield, PA: (March 27, 2019) – InnoVative Capital, LLC is proud to announce it has become an affiliate member of the Pennsylvania Association of Housing & Redevelopment Agencies. PAHRA is an affiliation of Pennsylvania’s housing authorities, redevelopment authorities, community development agencies, nonprofit corporations, and for-profit companies providing products and services for the housing and community development industry….

Springfield, PA and MADISON, GA: (December 9, 2018) – Morgan Medical Center opened the doors today to its “state-of-the-art” replacement critical access hospital. Ushering in a new age of advanced local medical care for the residents of Morgan County, the former Morgan Memorial Hospital, has also officially adopted its new name Morgan Medical Center. This…

Springfield, PA and Nashville, TN: (November 9, 2018) – InnoVative Capital, LLC (“InnoVative Capital”) served as Municipal Advisor to the Metropolitan Development and Housing Agency (“MDHA”), in the structuring and financing of the MDHA’s $25 million, Tax-Increment Development Revenue Bonds (“TIF”) for the Fifth & Broadway Development Project (the “Project”). The bonds were aggressively priced…

Springfield, PA: (October 17, 2018) – InnoVative Capital, LLC is proud to announce its membership in the National Association of Housing and Redevelopment Officials (NAHRO). NAHRO is the leading housing and community development advocate for the provision of adequate and affordable housing and strong, viable communities for all Americans-particularly those with low-and moderate-income. This announcement…

Springfield, PA: (July 2, 2018) — Also known as the Tulsa Housing Authority (“THA”), is the second largest Public Housing Authority in Oklahoma and holds the U.S. Department of Housing and Urban Development (HUD) rank of High Performing Agency. The THA is governed by a five-member Board of Commissioners which establishes its policies, approves budgets and…

Springfield, PA: (April 1, 2018) — InnoVative Capital, LLC, is pleased to announce that it has expanded its Housing Advisory and Financing practice to meet growing industry demand. As a MSRB/SEC-Registered Municipal Advisor InnoVative Capital will provide a fiduciary standard to all housing clients. InnoVative Capital’s housing representation will include: Public Housing Authorities, developers, owners,…

SPRINGFIELD, PA and MADISON, GA: (October 11, 2017) – As Financial Advisor to Morgan Memorial Hospital (“Morgan Memorial”), InnoVative Capital, LLC, announces the placement of $35 million, 23-month, tax-exempt construction notes, in conjunction with a forward permanent funding obligation from the U.S. Department of Agriculture (“USDA”) for a 25-year Direct Loan at a fixed rate…