PROGRAM OBJECTIVES:
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. Section 232/223(f) allows for the purchase or refinancing with or without repairs of projects not requiring substantial rehabilitation. The program also provides mortgage insurance to install fire safety equipment.

ELIGIBLE FUNCTIONAL CATEGORIES:
1. HEALTH;
- Facility Loans and Insurance;

WHO CAN BENEFIT FROM THIS PROGRAM:
- Handicapped;
- Physically Afflicted (e.g. TB, Arthritis, Heart Disease);

WHO CAN APPLY:
- Specialized group (e.g. health professionals, students, veterans);
- Profit organization;
- Private non-profit institution/organization (includes institutions of higher education and hospitals);
- Other private institutions/organizations;