This bill, the Securing Facilities for Mental Health Services Act, would change the National Housing Act section 242 rules so licensed hospitals have parity in access to the Federal Housing Administration (FHA) mortgage insurance for hospitals program. The text amends subsection 242(b)(1) by removing one subparagraph and renumbering another. The changes take effect 9 months after the law is enacted. The Department of Housing and Urban Development (HUD) must submit a report to Congress within 2 years assessing the results and effectiveness of the program expansion.
If enacted, licensed hospitals could be treated the same as other hospitals under the FHA hospital mortgage insurance program, potentially making them eligible for that mortgage insurance. The law would begin to apply 9 months after enactment, and HUD would report on outcomes after 2 years.
No publicly available information.
Sponsors and supporters intend to provide parity in access to the FHA hospital mortgage insurance program for licensed hospitals. The bill title indicates supporters aim to help secure facilities for mental health services. HUD must review and report on the expansion's effectiveness.
No publicly available information.