CFDA 14.129 · retired · Funded this fiscal year
Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities
ASST SECRETARY FOR HOUSING--FEDERAL HOUSING COMMISSIONER · HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF · Program page ↗
Objective
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 Can Apply
- Nonprofit Organization
- For-Profit Organization
Eligible mortgagors include investors, builders, developers, public entities, nursing homes and private nonprofit corporations or associations.
Who Benefits
- Unrestricted by Individual Type
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.
Assistance Types
- Loan Guarantee
Program Contact
Cherokee.M.Dunkley@hud.gov
( 202 ) 708-0599 Ext. 6723