Securing Facilities for Mental Health Services Act
Referred to the House Committee on Financial Services.
Summary
The legislation amends the National Housing Act so that licensed hospitals can obtain mortgage insurance on the same terms as other eligible facilities. It updates the language of section 242, sets the changes to take effect nine months after enactment, and requires the HUD secretary to report on the program’s expansion within two years. The goal is to improve financing options for facilities that provide mental‑health services.
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