Abstract

State loan agencies provide valuable capital funds for new and existing long-term care facilities and programs. This study presents findings from a telephone survey of state loan agencies about the size and scope of loan programs for long-term care. Thirty-two state financing agencies located in 31 states provided $1.4 billion in funds for long-term care facilities in 1997, primarily through bonds. Of the 101 entities that received financing in 1997, the majority was for residential care and/or assisted living facilities or multi-level facilities. Although there are variations in financing across states, the state programs are important sources of long-term care financing.

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