Board and Care Facilities in Relation to HUD 232 Loans: Board and care facilities are non-medical alternatives to assisted living and independent living communities. These facilities offer room, board, and 24-hour care, but do not provide nursing and medical care. Staff assists residents with tasks such as getting dressed, bathing, and taking medications. Board and care facilities are sometimes referred to as residential care homes, group homes, or adult foster care facilities.

Board and Care Facilities in Relation to HUD 232 Loans: To learn more about HUD 232 loans, fill out the form below to speak to a HUD/FHA loan expert.

Terms, Qualifications, and Guidelines: Under the FHA 232 program, properties must fall into the category of skilled nursing care facilities. Eligible properties must be skilled nursing or assisted living facilities including licensed nursing homes, assisted living facilities, intermediate care facilities, and board and care facilities. To be eligible, these properties must meet the following criteria:

• Facilities must offer ongoing, continuous care and oversight for individuals requiring long-term care or medical attention
• Facilities must be licensed by an appropriate municipal or state body
• Properties must have been completed at least three years prior
• 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

Board and Care Facilities in Relation to HUD 232 Loans: Board and care facilities are non-medical alternatives to assisted living and independent living communities. These facilities offer room, board, and 24-hour care, but do not provide nursing and medical care. Staff assists residents with tasks such as getting dressed, bathing, and taking medications. Board and care facilities are sometimes referred to as residential care homes, group homes, or adult foster care facilities.

Services provided in a Board and Care Facility include room, board, and 24-hour care, as well as assistance with tasks such as getting dressed, bathing, and taking medications.

Board and Care Facilities offer a non-medical alternative to assisted living and independent living communities. These facilities provide room, board, and 24-hour care, but do not provide nursing and medical care. Advantages of living in a Board and Care Facility include:

• Staff assists residents with tasks such as getting dressed, bathing, and taking medications.
• Residents have access to 24-hour care.
• Residents have access to meals and other amenities.
• Residents have access to social activities and other recreational activities.

Board and Care Facilities in Relation to HUD 232 Loans: Board and care facilities are non-medical alternatives to assisted living and independent living communities. These facilities offer room, board, and 24-hour care, but do not provide nursing and medical care. Staff assists residents with tasks such as getting dressed, bathing, and taking medications. Board and care facilities are sometimes referred to as residential care homes, group homes, or adult foster care facilities.

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.

The main difference between a Board and Care Facility and an Assisted Living Facility is that Board and Care Facilities do not provide nursing and medical care, while Assisted Living Facilities do provide medical care and assistance with daily living activities.