4140 Statewide Health Planning & Development
Program Descriptions

45 - CAL-MORTGAGE LOAN INSURANCE

The Cal-Mortgage Program is modeled after federal home mortgage insurance programs, and insures loans to public and non-profit healthcare facilities for construction, renovation, and expansion projects. The Program facilitates access to private capital at no cost to taxpayers and has helped healthcare providers enhance the delivery of healthcare throughout California since 1972.

The Program underwrites loans, makes insurance recommendations to the Advisory Loan Insurance Committee, monitors the Cal-Mortgage insured loan portfolio, and administers the Health Facility Construction Loan Insurance Fund. The Program also administers loan payback provisions of Fire Protection Loans and the Eminent Domain Certificate Program for health facilities.