A disability is a physical or mental impairment that limits a person’s major life activities, as defined by the Americans with Disabilities Act (ADA). Many properties funded with HUD 232 or HUD 232/223(f) loans cater to individuals with disabilities, and must typically be compliant with ADA regulations.

The HUD 232 program covers physical or mental impairments that limit a person’s major life activities. The program insures lenders against mortgage defaults for the construction and rehabilitation of facilities for elderly individuals requiring medical care or other long-term care, as well as purchasing and refinancing senior-focused healthcare properties.

To learn more about HUD 232 loans, fill out the form below to speak to a HUD/FHA loan expert.

In order to be eligible for HUD 232 financing, properties need to meet a variety of eligibility requirements, including offering continuous care, being appropriately licensed, and having at least 20 patients. Additionally, facilities must cater to individuals with disabilities and must be compliant with ADA regulations.

The full list of eligibility requirements for HUD 232 loans includes:

• Facilities must offer ongoing, continuous care and oversight for individuals requiring long-term care or medical attention
• Facilities must be licensed by an appropriate municipality or state body
• Properties must have been completed at least three years prior (for acquisition or rehabilitation financing)
• Additions less than three-years-old are acceptable, but cannot be larger than the original facility
• Facilities must accommodate 20 or more patients requiring continuous or skilled nursing care
• Non-resident day care must not exceed 20% of the property’s gross area and 20% of the gross income
• Independent living units cannot make up more than 25% percent of all units
• Commercial space must not exceed 20% of floor area or income

A disability is a physical or mental impairment that limits a person’s major life activities, as defined by the Americans with Disabilities Act (ADA). Many properties funded with HUD 232 or HUD 232/223(f) loans cater to individuals with disabilities, and must typically be compliant with ADA regulations. To learn more about HUD 232 loans, fill out the form below to speak to a HUD/FHA loan expert.

The HUD 232 program provides a variety of benefits for people with disabilities, including:

• HUD 232 loans can be used to construct and rehabilitate facilities for elderly individuals requiring medical care or other long-term care.
• HUD 232 loans can also be used to purchase and refinance senior-focused healthcare properties.
• HUD 232 portfolio loans can help large-scale owners of senior properties save time and money on the approval and origination process.
• HUD 232 refinancing of multiple properties can greatly increase cash flow, potentially giving developers the capital to purchase or construct new assets.
• HUD fixed-rate financing allows large companies to stabilize expenses and make accurate financial projections well into the future.