Assisted Living Facilities in Relation to HUD 232 Loans
An assisted living facility is licensed community that provides assistance with daily living activities. On-site medical personnel assist residents with medications, getting dressed, bathing, and social activities. Different facilities often offer various levels of care, usually in the same facility according to residents’ needs. HUD 232 and HUD 232/232/223(f) loans are fully equipped to finance assisted living facilities.