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Title Announced Priority Area Program Area State
HUD's Oversight of Section 232 Nursing Home Portfolios 11/2024 Protecting the Mortgage Insurance Funds Housing All

Summary

HUD OIG is auditing HUD's oversight of Section 232 nursing home portfolios. HUD's Office of Residential Care Facilities is responsible for administering the Section 232 mortgage insurance program which insures more than 3,600 loans, with an unpaid principal balance of more than $32 billion. Our audit objective is to assess the extent to which HUD's Office of Residential Care Facilities identifies and mitigates risks in Section 232 nursing home portfolios.