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   Section 232

  • Office of Residential Care Facilities (ORCF) - The ORCF administers the Section 232 loan program. Section 232 is an FHA-Insured loan product that covers housing for the frail elderly - those in need of supportive services. Nursing homes, assisted living facilities, and board and care are all examples of this type of housing (a project may include more than one type).

  • Section 232 - Section 232 may be used to finance the purchase, refinance, new construction, or substantial rehabilitation of a project. A combination of these uses is acceptable - e.g. refinance of a nursing home coupled with new construction of an assisted living facility.

  • Reengineered - The program was re-engineered in 2008 to provide exceptional customer service, reduce processing time, and streamline operations to reduce risk to the FHA fund.

  • System Downtime - The HUD Healthcare Portal shall be down for maintenance on mm/dd/yyyy from 00:00 AM EST until 00:00 PM EST.

  
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  • Information collection requirements contained in this document have been approved by the Office of Management and Budget(OMB) under the Paperwork Reduction Act of 1995(44 U.S.C § 3501-3520) and assigned OMB Control Numbers 2502-0605.
  • In accordance with the paperwork Reduction Act, HUD may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection displays a currently valid OMB Control Number.














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