FHA-backed mortgages are becoming popular with long-term care facilities as conventional banks are increasingly uncertain about the impact healthcare reform and financing will have on providers' stability. That doesn't mean Federal Housing Administration loans are a slam dunk. Do your homework, watch your bottom line and understand the potential pitfalls, experts advise.
The Federal Housing Administration has announced the criteria and process by which it will accept and pay partial payment claims under FHA's Section 232 mortgage insurance contracts, the agency announced Monday.
It wasn't so long ago that long-term care operators looked at HUD funding with a disdain bordering on contempt. But the Department of Housing and Urban Development has come a long way in a short time. By staying in the game, offering good rates and speeding up its approval pipeline, this public option has quietly gained a newfound respectability.
A well-known former nursing executive must repay the federal government $13.8 million for fraudulent business practices. U.S. District Court Judge Mary M. Lisi handed down the ruling for the misuse of loans in Anthony Giordano's Rhode Island facilities on Dec. 3.
Three men recently agreed to pay over $5.3 million to settle charges that they issued false statements to secure mortgage financing for three Oklahoma nursing homes.
The federal government has made $25 million in grant money available for applicants who want to convert multifamily apartment complexes into assisted living communities for low-income seniors.
New federal initiatives to help people with disabilities, including older adults, find housing options will be the subject of a Special Open Door Forum on Tuesday. The 90-minute conference call begins at 11:30 a.m. (Eastern Time). It is open to all interested stakeholders and can be accessed by dialing (800) 837-1935 and using conference ID number 44280806. The forum will focus on ...