An Association of Health Care Finance Bankers and Consultants
COMMITTEE ON HEALTHCARE FINANCING
The Committee on Healthcare Financing formed in the early 1980s when several New York investment banking firms that were significantly involved in the Department of Housing and Urban Development’s (HUD) Section 242 program found hospital finance projects faced significant obstacles both within HUD and on Capitol Hill. After resolving a number of concerns on an ad hoc basis, the investment banking firms decided that the hospital lending industry needed a proactive presence in Washington, D.C.
Initially, the Section 242 lenders worked through the Healthcare Financing Study Group, which was a larger group comprised of investment bankers that focused on tax-exempt financing and actions on Capital Hill. As time passed, our membership expanded to include lenders focused on HUD’s Section 232 program, which finances skilled nursing homes, assisted living facilities, and board & care facilities.
Eventually, our members concluded that the Healthcare Financing Study Group’s mission did not always coincide with our needs, and we determined that the HUD Section 242 and the Section 232 programs warranted separate dedication and focus. So, we broke away and became what is today the COMMITTEE ON HEALTHCARE FINANCING. Today, the Committee is the leading voice for government-enhanced financing of hospitals, skilled nursing facilities, assisted living facilities, and seniors’ housing. While Committee membership was initially limited to investment bankers, it has expanded over the years to include other stakeholders—mortgage bankers, health care consultants, and financial advisers.
The Committee’s highest priority has been and continues to be preserving and strengthening the public-private partnership that is the heart of the National Housing Act. To that end, the Committee has worked directly with HUD on administrative and policy issues, and has been active on Capitol Hill in supporting and helping to facilitate several major amendments to the National Housing Act. Some of our key achievements include: