HUD 232 for Nursing Home and Assisted Living Financing

The development of a new skilled nursing or assisted living facility is a complex and expensive undertaking.  One of the most challenging aspects…

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Craig Fukushima, NHA, MBA

By Craig Fukushima, NHA, MBA | February 27, 2025

A red binder labeled HUD 232 Financing sits amidst a stack of papers, with a calculator and eyeglasses resting on graph paper.

HUD 232 Program The development of a new skilled nursing or assisted living facility is a complex and expensive undertaking.  One of the most challenging aspects of that development can be the financing of such a project.  Consequently, one worthwhile consideration is the HUD 232 program.

What makes the HUD 232 program attractive for long-term care facilities?

The HUD 232 program has several key features that may be attractive to a prospective developer.  These features include low interest rates, longer terms, and very competitive LTV.  All of this coupled with a non-recourse loan package make the HUD 232 program a consideration for most long-term care projects.

View a summary of the HUD 232 program

The following Executive Summary of the HUD 232 program provides the reader with a useful overview.  Learn about …

  • Terms
  • Eligible projects
  • Processing your HUD application

… and more.