Bill > HR7030

This bill, titled the Securing Facilities for Mental Health Services Act, aims to ensure that licensed hospitals providing mental health services have the same access to mortgage insurance as other hospitals. Specifically, it amends Section 242 of the National Housing Act, a federal law that provides mortgage insurance to help hospitals finance the construction or modernization of their facilities. By making these changes, the bill seeks to create parity, meaning equal treatment, for mental health facilities within this existing program, making it easier for them to secure loans for building or improving their infrastructure. The changes will take effect nine months after the bill is enacted, and the Secretary of Housing and Urban Development will be required to report to Congress within two years on the effectiveness of this expanded access to the mortgage insurance program.

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https://www.congress.gov/bill/119th-congress/house-bill/7030/all-info