What is a Senior Housing?

Senior Housing in Relation to FHA 232 Financing

Senior housing is a general term denoting housing suitable for older adults. This type of housing emphasizes safety and accessibility. Options range from round-the-clock care facilities to independent living communities. HUD 232 loans can finance many types of senior housing facilities, but facilities must typically have a large healthcare component to qualify. For example, to be eligible for HUD 232 financing, no more than 25% of a facility’s total units can consist of independent living units.

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