Office of Residential Care Facilities
The Office of Residential Care Facilities administers the Section 232 loan program. Section 232 is an FHA loan product that provides mortgage insurance for residential care facilities. 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 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.
General Overview
Guidance for Lenders
- Full Corporate Credit Review Checklist
- Modified Corporate Credit Review Checklist
- Underwriting and Closing Section 232 Loans
- Loan Servicing and Asset Management of 232 Loans
- Section 232 Forms and Documents
- ORCF Environmental Resource Page
- Accessibility Matrix for Section 232
- 232 Healthcare Portal – General
- ORCF Policy Drafting Table
Queues, Reports, and Statistics
- Underwriting Queues and Assignments
- Quarterly Firm Commitments and Endorsements
- New Construction Projects (07/10/2024)
RightSide-FreeHTML
What's New in ORCF
Questions and Additional Information
Have questions?
- 232 Program Questions and Answers
- Past Email Blasts
- Send program questions or website comments/questions to LeanThinking@hud.gov
Additional Resources
- Current Mortgage Insurance Premiums (MIP) - Unchanged from FY 2014
- Training Presentations
- List of Section 232 Program Directives
- 2002 MAP Guide - For a historical reference to guidance used prior to issuance of the Section 232 Handbook, please visit the 2002 MAP Guide.
- MAP "Approved Lender List” - For a list of FHA-Approved Lenders please see the "Approved Lender List". Section 232 Lean Lenders are marked with an asterisk.
- Log in to post comments