Money to Buy a Nursing Home

Section 232 insures mortgage loans to facilitate the construction and substantial rehabilitation of nursing homes, intermediate care facilities, board and care homes, and assisted-living facilities. Section 232/223(f) allows for the purchase or refinancing with or without repairs of existing projects not requiring substantial rehabilitation. Section 232 insures mortgage loans to facilitate the construction and substantial rehabilitation of nursing homes, intermediate care facilities, board and care homes, and assisted-living facilities. (14.129 Mortgage Insurance-Nursing Homes, Intermediate Care Facilities and Board and Care Homes 232) . Contact your local HUD office, contact the FHA Mortgage Hotline at 1-800-HUDSFHA, or check out the program online at http://www.hud.gov/offices/hsg/mfh/progdesc/nursingalcp232.cfm or Office of Multifamily Development, U.S. Department of Housing and Urban Development, Washington, DC 20410; 202-708-1142; forms can be found at www.hudclips.org

 

Income Eligibility: None

 

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