Nursing Homes in Relation to the HUD 232 Loan Program
A nursing home is a residential care facility for elderly individuals who cannot be cared for at home, but who don’t need hospital care. Nursing homes offer planned activities and housekeeping services. Most nursing homes have round-the-clock medical staff (skilled nurses and nursing aides) for 24-hour care. Other services a nursing home might provide include:
Post-operative, post-injury, or post-illness short-term care for rehabilitation and/ or physical therapy
Memory care services
HUD 232 and HUD 232/223(f) loans are fully equipped to finance nursing homes, assisted living facilities, and other similar senior care properties.