Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities
Department Of Housing And Urban Development, Asst Secretary For Housing--federal Housing Commissioner
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.
Jargon-free version
Helps nursing homes and assisted living facilities get mortgage insurance. This support makes it easier for them to secure funding for their operations.
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