H.R. 7030, the Securing Facilities for Mental Health Services Act, amends federal law to expand access to the Federal Housing Administration's mortgage insurance program for hospitals. Currently, the program has restrictions that limit which types of licensed hospitals can participate; this bill removes those restrictions to provide equal access to all licensed hospitals seeking federally-backed mortgage insurance. The changes take effect nine months after the bill becomes law. Within two years of enactment, the Secretary of Housing and Urban Development must report to Congress on how the expanded program is working and whether it effectively increases hospital construction and mental health facility availability. The bill aims to make it easier for hospitals to secure financing for new facilities or renovations, particularly those focused on mental health services.
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