HUD OIG is auditing HUD's oversight of Section 232 nursing home portfolios. HUD's Office of Residential Care Facilities is responsible for administering the Section 232 mortgage insurance program which insures more than 3,600 loans, with an unpaid principal balance of more than $32 billion. Our audit objective is to assess the extent to which HUD's Office of Residential Care Facilities identifies and mitigates risks in Section 232 nursing home portfolios. 

HUD OIG is conducting a review of HUD's Office of Residential Care Facilities.  Media reports have shown that the COVID-19 virus impacted nursing homes nationwide.  Our audit objective is to determine the biggest challenges that nursing home owners face related to COVID-19 and whether they are prepared to meet their future financial obligations.