Program Descriptions
Program Number
64.118
Title
Veterans Housing-Direct Loans For Certain Disabled Veterans
Federal Agency
VETERANS BENEFITS ADMINISTRATION, DEPARTMENT OF VETERANS AFFAIRS
Authorization
38 U.S.C. 3711.
Status
Active
Objectives
To provide veterans who are eligible for a Specially Adapted Housing grant with loan directly from the VA in certain circumstances.
Types of Assistance
Direct Loans.
Uses and Use Restrictions
VA may make loans up to $33,000 to eligible applicants if (a) the veteran is eligible for a VA Specially Adapted Housing grant, and (b) a loan is necessary to supplement the grant, and (c) home loans from a private lender are not available in the area where the property involved is located.
Eligibility Requirements
Applicant Eligibility
Veterans who served on active duty on or after September 16, 1940 and are eligible for a Specially Adapted Housing grant.
Beneficiary Eligibility
Permanently and totally disabled veterans.
Credentials/Documentation
None.
Application and Award Process
Preapplication Coordination
None. This program is excluded from coverage under E.O. 12372.
Application Procedure
The veteran should apply to the VA regional office having jurisdiction over the property location. No specific initial application form is prescribed. The VA office will respond directly to the veteran.
Award Procedure
The VA office coordinates loan disbursement with payout of the related Specially Adapted Housing grant. Loan closing is conducted through a loan closing agent assigned by the VA office.
Deadlines
None.
Range of Approval/Disapproval Time
From 20 to 60 days.
Appeals
Denial of eligibility is appealable through Board of Veterans' Appeals. In the event of a denial, claimants are advised of appeal rights and procedures at the time of notification.
Renewals
Assistance Considerations
Formula and Matching Requirements
Not applicable.
Length and Time Phasing of Assistance
Loan proceeds may be disbursed in one lump sum when an existing suitable housing unit is involved or in phases in construction cases.
Post Assistance Requirements
Reports
Not applicable.
Audits
Not applicable.
Records
Not applicable.
Financial Information
Account Identification
36-4127-0-3-704.
Obligations
(Guaranteed Loans) FY 07 $0; FY 08 est $0; and FY 09 est $0.
Range and Average of Financial Assistance
Up to $33,000.
Program Accomplishments
In fiscal years 2007 and 2008, no direct loans were made in conjunction with Specially Adapted Housing grants. In fiscal year 2009, no loans are expected.
Regulations, Guidelines and Literature
"Questions and Answers on Specially Adapted Housing for Veterans," VA Pamphlet 26-69-1, no charge; "Federal Benefits for Veterans and Dependents," VA Pamphlet 80-0-01, $5.00, available from Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. The stock number is 051-000-00233-4. "Handbook For Design, Specially Adapted Housing," VA Pamphlet 26-13, available to eligible veterans only.
Information Contacts
Regional or Local Office
See Department of Veterans Affairs field office listed in the Appendix IV of the Catalog.
Headquarters Office
Department of Veterans Affairs, Washington, DC 20420. Telephone: (202) 461-9511.
Web Site Address
http://www.va.gov
Related Programs
64.106, Specially Adapted Housing For Disabled Veterans
64.114, Veterans Housing-Guaranteed And Insured Loans
64.119, Veterans Housing-Manufactured Home Loans
Examples of Funded Projects
Not applicable.
Criteria for Selecting Proposals
Not applicable.
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