Continuing Care Retirement Communities in Relation to HUD 232 Loans
Combining independent living, assisted living and skilled nursing homes, Continuing Care Retirement Communities, or CCRCs, seek to meet residents’ needs at each life stage. A resident may enter the facility in independent living, but later move to assisted living according to their changing needs. HUD 232 and HUD 232/223(f) loans can finance CCRCs, but only if no more than 25% of all units are independent living units.
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