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Granting Seniors Independence: Assisted Living Conversion Program
10/13/2015

Granting Seniors Independence: Assisted Living Conversion Program

In the last feature article of The Capital Issue, we discussed supportive living facilities and Medicaid waivers as two methods of addressing the wave of low- and moderate-income seniors who are in need of some assistance but who still want to maintain independence. In this edition, we will examine another program that has existed for 15 years but recently underwent a change that will benefit seniors housing owners and residents alike—the Assisted Living Conversion Program (ALCP). 

8/20/2015

Assisted Living Conversion Program

On August 11, the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) released guidance that makes it possible to finance properties eligible under the Assisted Living Conversion Program (ALCP) using FHA mortgage insurance through the Sec. 223(f) and Sec. 221(d)(4) programs.