As an agent who has had the privilege of successfully completing 35 Department of Defense HAP sales in Northern Virginia, including in the neighborhoods of Dumfries, Springfield and Woodbridge, keeping up with all of the latest information is a requirement to provide accurate information to potential beneficiaries.
Wondering how the DoD HAP program originally was funded? The American Recovery and Reinvestment Act of 2009 allocated $555 million and the National Defense Authorization Act of 2010 authorized an additional $300 million for the Expanded Homeowners Assistance Program (HAP).
Over the last two years I've spent a good deal of time tracking changes to the DoD HAP prgoram, any legislation aimed at potentially expanding the HAP program and talking with other agents and military families across the country to share information about the program. Files for the Northern Virginia area processed by the United States Army Corps of Engineers (USACE) in Savannah GA and we have been fortunate that files in our region moved faster in processing than other areas.
Per the report released by the IG office on December 21, 2011 reviewing the DoD HAP program, they found as of February 23, 2011 the program had paid 4,825 applicants a total of $725.5 million, but had a backlog of 4,897 eligible applicants. It doesn't take much to do the math and see that the program will run out of money before all eligible service members will be able to settle on their homes unless additional funding is provided.
The IG report on DoD HAP provides details on the issues that were found with the program and is open for comments until January 23, 2012. If you are military service member eligible for DoD HAP benefits or has been denied benefits you should read the report and make comments on your experience with the program.
If you are eligible for DoD HAPbenefits and own a home in the Northern Virginia area give Cindy Jones and CJ Realty Group 703-346-2213. With the time it takes to process files you shouldn't wait until spring to get your home on the market.
Article originally posted on www.varealestatetalk.com
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Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations.
Licensed in the Commonwealth of Virginia