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HUD/OH RIN: 2502-AI74 Publication ID: Spring 2011 
Title: Federal Housing Administration (FHA): Hospital Mortgage Insurance Program--Refinancing Hospital Loans (FR-5334) 
Abstract: This rule would revise the regulations governing FHA's section 242 Hospital Mortgage Insurance Program for the purpose of codifying, in regulation, FHA's implementation of its authority that allows hospitals to refinance existing loans, without requiring such refinancing only in conjunction with the expenditure of funds for construction or renovation, which is the existing program requirement. At a time when the demand for health care services are on the rise, the lack of access to capital has made it difficult for hospitals to obtain financing for facility, equipment, and technology needs, as well as meet obligations on existing debt. By expanding FHA's Hospital Mortgage Insurance Program to allow for refinancing of existing debt without conditioning such refinancing on new construction or renovation, HUD believes it can contribute to alleviating financial stress on hospitals, and maintaining the availability of hospitals in many communities. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 242   
Legal Authority: 12 USC 1709    12 USC 1710    12 USC 1715b    12 USC 1715n(f)    12 USC 1715u    42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/29/2010  75 FR 4964   
NPRM Comment Period End  03/30/2010    
Final Action  09/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Roger Miller
Acting Deputy Assistant Secretary, Office of Healthcare Programs
Department of Housing and Urban Development
Office of Housing
451 7th Street SW.,
Washington, DC 20410
Phone:202 708-0599