Assisted Living Conversion Program; (ALCP)
This program gives grants to the owners of private nonprofit eligible developments; so that they can convert some of or all of their dwelling units into a assisted living facility for the elderly needing assistance.
The program is designed to fund the costs of converting some or all of units in the development, into a assisted living facility. The funding can include the units configuration as well as the common and service spaces as well as any other necessary remolding that is within the regulations of HUD or the states statutes.
ALF's (Assisted Living Facilities), are housing designed to accommodate people with disabilities and the frail elderly; who can not live on their own, but need assistance; with daily living. Assistance provided in the way of helping with daily activities such as eating, grooming, bathing, dressing, as well as home management. With this program the ALF's will provide supportive services; like personal care, transportation, meals, housekeeping and laundry.
These facilities must be licensed and regulated by the state.
Applying for a mortgage is simple, safe, and secure. Your information will only be sent to your designated FHA Loan Officer.
Equal Housing
Please note: There are no fees to submit your application or to request your free consultation with an FHA loan officer. These services are provided to you at no charge and no obligations.
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