In July, news surfaced that the Department of Housing and Urban Development (HUD) was thinking about changing its guidelines for financing senior living care-continuum campuses. During SHN’s Senior Housing Summit held last month in Chicago, Tim Gruenes of HUD’s Office of Healthcare Programs addressed the rumors.
Traditionally, HUD has placed limits on the use of its Section 232 financing programs for senior living communities where more than 25% of units are unlicensed, such as continuing care retirement communities or providers that offer both assisted and independent living on one campus. But at the annual Committee on Healthcare Financing meeting in early June, HUD representatives discussed the possibility of updating guidance for financing these types of communities, leaving senior living providers and financiers wondering if—and when—this might happen.
Watch the video to find out of the rumors are true: Is HUD ready to finance rental-model senior living care-continuum campuses?
Written by Alyssa Gerace