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Residential Care Facilities Mortgage Insurance Program: Opportunities to Improve Program and Risk Management
Through its Section 232 program, the Dept. of Hous

Our Price: $20.00
By David G. Wood (au)
Year: 2006
Pages: 63
Binding Paperback

Product Code: 142230776X

Through its Section 232 program, the Dept. of Housing & Urban Developmentís (HUD) Fed. Housing Admin. (FHA) insures $12.5 billion in mortgages for residential care facilities. In response to a requirement in the 2005 Consolidated Appropriations Conference Report & a congressional request, this report examined: (1) HUDís management of the program, including loan underwriting & monitoring; (2) the extent to which HUDís oversight of insured facilities is coordinated with the statesí oversight of quality of care; (3) the financial risks the program poses to HUDís Gen. Insurance/Special Risk Insurance (GI/SRI) Fund; & (4) how HUD estimates the annual credit subsidy cost for the program. Includes recommendations. Charts & tables.

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