Bill Introduced to Reform HUD Section 202 Program

Last week, Representative Tim Mahoney (D-FL) introduced H.R. 2930, a bill to reform HUD’s Section 202 Supportive Housing for the Elderly. The legislation would make changes to Section 202’s assisted living conversion program, would modify the process for refinancing Section 202 properties, and would make several construction reforms to the program. The bill has been sent to the House Committee on Financial Services.

To read the full bill click here.