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Why nursing homes & HUD properties?

April 26, 2017homes HUD nursing properties

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Why nursing homes & HUD properties?

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Nursing home & HUD residents meet the definition of a low-to-moderate income group and can qualify for government subsidies for Care and Housing. Therefore, any loan or investment that goes to benefit or support this group is considered as qualified CRA credit and allows banks to support a segment of society that it might not otherwise touch. Further, these industries are known to have problems in areas that the Senior Crimestoppers program directly addresses.