FEDERAL AGENCY:

VETERANS BENEFITS ADMINISTRATION, DEPARTMENT OF VETERANS AFFAIRS

AUTHORIZATION:

38 U.S.C. 3711.

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. Place Cursor Here for Definition

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.

Pre-application 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:   None.

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:   (Loans) FY 01 $0; FY 02 est $33,000; and FY 03 est $33,000.

Range and Average of Financial Assistance:  

Up to $33,000.

In fiscal year 2001, no direct loans were made in conjunction with Specially Adapted Housing grants. In fiscal year 2002 and fiscal year 2003, one loan totaling $33,000 is expected to be closed each year.

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 80-00-1, $5.00, available from Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. The stock number is: 051-000-00220-2. "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:  
https://www.va.gov/

EXAMPLES OF FUNDED PROJECTS:

Not applicable.

CRITERIA FOR SELECTING PROPOSALS:

Not applicable.

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