Federal Shutdown Halts $3.6B HUD Loan Program for SNFs, and Backlog Will Linger

The partial government shutdown has brought a multi-billion-dollar program for skilled nursing facility acquisitions and refinances to a halt, and the backlog could complicate deals long after the impasse eventually ends. The Department of Housing and Urban Development (HUD) has stopped endorsing loans, the final step toward closing deals through the Federal Housing Administration’s (FHA) […]

New York Lawmaker Moves to Bolster Nursing Home Oversight

New York State Senator Rob Ortt said in late December that he would propose a package of bills aimed at strengthening nursing home oversight in the Empire State. The move was sparked by a series of stories published by The Buffalo News on problems at local nursing homes, as well as by complaints Ortt received […]