Office of Insured Health Care Facilities

Mission

Section 242 and 232 of the National Housing Act enable the affordable financing of health care facility projects by reducing the cost of capital.  The programs improve access to quality health care, reduce the cost of health care, support HUD's community development mission, and contribute revenues to the FHA General Insurance Fund.

Organization

The Office of Insured Health Care Facilities (OIHCF) administers the Section 242 program (mortgage insurance for hospitals) and the Section 232 program (mortgage insurance for long-term care facilities).

The Director of OIHCF is responsible for overall program management, including policy development, loan origination, and asset management.

Accomplishments

Since the Section 242 program’s inception, 367 mortgage insurance commitments (totaling $14.9 billion) have been issued for hospitals in 42 states and Puerto Rico.  Since 1934, 4,000 mortgage insurance commitments (totaling $16 billion) have been issued in all 50 states through the Section 232 program.