Attachment_3_-_Exhibit_A-Office_of_Residential_Care_Facilities.pdf

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Loan Underwritting Services
Solicitation number
86543G19R00001
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This document contains information on a federal contract opportunity for loan underwriting services from the Department of Housing and Urban Development. The solicitation is for loan underwriting services to support HUD's Section 232 loan program, which provides financing for housing for the elderly, including nursing homes, assisted living facilities, and board and care homes. The 100% small business set-aside solicitation requires offerors to be actively registered in the System for Award Management in order to be eligible for award. Proposals are due by the date specified in the official solicitation, which will be sent to vendors who submit qualifying questions to the points of contact by the required date.

Exhibit A

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Exhibit A – Office of Residential Care Facilities

Office of Residential Care Facilities

The Office of Residential Care Facilities 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 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).

The program was reengineered in 2008 to provide exceptional customer service, reduce processing time, and streamline operations to reduce risk to the FHA fund.

File details come from the government source that posted it. Updated .