In a July 7th letter, JP Morgan Heatlh care and Housing Funding Corporation notified HUD that it was withdrawing a pre-application for financing on behalf of the University Medical Center. The state then withdrew its application with the U.S. Dept. of Housing and Urban Development for federal financing which could mean that financing would be much more expensive without the federal involvement.
Meanwhile, an opponent of the current large scope and size of the plan, Sen. David Vitter, R-LA, said "the state's HUD application was withdrawn to avoid having HUD reject it."
Later on Thursday, during a press conference to sign historic tax credits legislation passed this spring, Jindal and Landrieu responded to questions regarding the funding news and contend that there is no change in the project.
"What happened today was not consequential. What happened today doesn't change anything," said Mayor Landrieu.
Jindal said that “nothing has changed today”.
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