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HR 2395 107th Congress House

FHA-Insured Hospital Conversion and Reinvestment Act

Official title: To provide grants for FHA-insured hospitals.

Introduced: February 14, 2002 See on congress.gov
Housing and Community Development Economics and Public FinanceFederal aid to hospitalsFinance and Financial SectorGovernment trust funds
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HealthHousing for the agedLife care communitiesMortgage guaranty insuranceNursing homesSocial Welfare
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2001
Referred to the Subcommittee on Housing and Community Opportunity.
Jun 29, 2001
Sponsor introductory remarks on measure. (CR E1280)
Jun 28, 2001
Referred to the House Committee on Financial Services.
Jun 28, 2001
Introduced in House
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 Latest action July 20, 2001

Referred to the Subcommittee on Housing and Community Opportunity.

 Plain-English summary Congressional Research Service
FHA-Insured Hospital Conversion and Reinvestment Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to make grants to eligible FHA-insured hospitals for use only for purposes that the Secretary determines will reduce the risk of default and loss on mortgages for those hospitals. Includes among such purposes: (1) carrying out activities to convert the excess capacity of an eligible FHA-insured hospital to facilities that provide health care and supportive housing for elderly persons and families, including assisted living facilities, nursing homes, and supportive housing for the elderly; and (2) assisting in paying debt service for an eligible FHA-insured hospital, including service on debt insured under this Act.

Authorizes such hospital conversions, and requires the Secretary to provide for uninterrupted continuation of a converted hospital's mortgage insurance coverage for the duration of the original term of the mortgage insurance contract.

Makes available to fund conversion grants any negative credit subsidies (surplus amounts) attributable to FHA programs for full insurance for health care facilities.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Norton, Eleanor Holmes
District of Columbia · Feb 14, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2395: FHA-Insured Hospital Conversion and Reinvestment Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2395/
MLA
"H.R. 2395: FHA-Insured Hospital Conversion and Reinvestment Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2395/.
Bluebook (legal)
H.R. 2395, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2395/.
Markdown link
[H.R. 2395: FHA-Insured Hospital Conversion and Reinvestment Act](https://openamerica.io/bill/107-HR-2395/)
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