Securing Facilities for Mental Health Services Act

This legislation, titled the Securing Facilities for Mental Health Services Act , is designed to broaden access to the Federal Housing Administration's (FHA) mortgage insurance program for hospitals. It achieves this by amending Section 242 of the National Housing Act, specifically by striking a subparagraph that currently imposes certain eligibility restrictions on licensed hospitals. The intent is to create parity , allowing a wider array of licensed hospitals, including those focused on mental health services, to qualify for FHA-insured financing for construction, renovation, or refinancing projects. This expansion aims to facilitate investment in critical healthcare infrastructure by making federal mortgage insurance more broadly available. The Department of Housing and Urban Development (HUD) is mandated to submit a report to Congress within two years, assessing the results and overall effectiveness of this program expansion.