CARE Act
- Last Action
- 9/21/2023
Actions
- 2023-09-21Referred to the House Committee on Financial Services.
- 2023-09-21Introduced in House
- 2023-09-21Introduced in House
CRS Summary
As of 2023-09-21 (00)
Community Assistance for Recovery and Empowerment Act or the CARE Act
This bill allows inpatient psychiatric treatment facilities and chemical dependence treatment facilities to qualify for Federal Housing Authority mortgage insurance. The bill establishes the Office of Psychiatric and Addition Treatment Facilities to oversee mortgage insurance provided to these facilities.
The bill also specifies that a federally insured loan for improvements to a multifamily housing project or health facility may be used to protect against floods, hurricanes, earthquakes, and other natural disasters. The bill also expands loan insurance for certain energy conservation improvements to include health facility projects.
Cosponsors (3)
- Brittany Pettersen (D-CO)
- C. A. Ruppersberger (D-MD)
- Nancy Mace (R-SC)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.