Part II: HUD – National Nursing Homes Project

Below is the link to National Project Part 11. It exposes the hundreds of nursing homes across the country that since 2009 have received low-cost, HUD-guaranteed mortgages right after having the lowest possible quality rating from the federal government.

The value of these loans is nearly $2 billion. We dug deeper and found that close to 30 percent of these facilities received a previous HUD-backed loan since 2001. The value of those was an additional $530.

Read The Article:

http://www.publicintegrity.org/2014/11/13/16265/poorly-rated-nursing-homes-got-hud-guaranteed-mortgages-anyway