Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities

-$813.3 Million committed in FY2018–FY2025

Agency: Asst Secretary for Housing--Federal Housing Commissioner, Housing and Urban Development, Department of
Assistance: Guaranteed/Insured Loans
CFDA number: 14.129
What it does: To provide mortgage insurance to HUD-approved lenders to facilitate the construction or rehabilitation of nursing homes, intermediate care facilities, board and care homes and assisted living facilities, to allow purchase or refinancing with or without repairs of projects not requiring substantial rehabilitation, and to provide loan insurance to install fire safety equipment.
Who benefits: Residents requiring skilled nursing, custodial care, and assistance with activities of daily living are eligible to live in a structure whose mortgage is insured under the program.
Who applies: Eligible mortgagors include investors, builders, developers, public entities, nursing homes and private nonprofit corporations or associations.
Authorized by: National Housing Act, as amended, Section 232; Housing Act of 1959, as amended, Public Law 86-372; Housing and Urban Development Act of 1969, Public Law 91-152, 73 Stat. 654, 83 Stat. 379; Public Laws 95-128, 95-557, 96-153, and 98-181
Program site: http://www.hud.gov/healthcare ↗

Committed by fiscal year

By dollars committed.

Committed through this program: Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
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Direct payments

Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities

-$813.3 Million committed in FY2018–FY2025

Agency: Asst Secretary for Housing--Federal Housing Commissioner, Housing and Urban Development, Department of
Assistance: Guaranteed/Insured Loans
CFDA number: 14.129
What it does: To provide mortgage insurance to HUD-approved lenders to facilitate the construction or rehabilitation of nursing homes, intermediate care facilities, board and care homes and assisted living facilities, to allow purchase or refinancing with or without repairs of projects not requiring substantial rehabilitation, and to provide loan insurance to install fire safety equipment.
Who benefits: Residents requiring skilled nursing, custodial care, and assistance with activities of daily living are eligible to live in a structure whose mortgage is insured under the program.
Who applies: Eligible mortgagors include investors, builders, developers, public entities, nursing homes and private nonprofit corporations or associations.
Authorized by: National Housing Act, as amended, Section 232; Housing Act of 1959, as amended, Public Law 86-372; Housing and Urban Development Act of 1969, Public Law 91-152, 73 Stat. 654, 83 Stat. 379; Public Laws 95-128, 95-557, 96-153, and 98-181
Program site: http://www.hud.gov/healthcare ↗