After a long wait the checks are beginning to roll out for military families who qualify for assistance from the Department of Defense Homeowners Assistance Program (HAP).
Three weeks after the funds were made available the surviving spouse of a Fallen Warrior received her check. Then a check went out to an Air Force Major in Colorado and since then the checks have been rolling out on a regular basis. Each check issued means one of the thousands of military families impacted by the declining market value of their home comes one step closer to financial relief.
The expanded program has had a few holdups. First the funds part of the American Recovery and Reinvestment Act of 2009 needed to be made available, then the program rules needed to be reviewed by the Office of the Secretary of Defense and finally Congress need to pass HR 3548 to remove the 25% tax penality that was attached to the original rules.
Fortunately for those who have waited processing seems to be moving fairly quickly. Two of the Northern Virginia military families I am working with have received their benefits letters and we are finalizing the updates required by the HAP counselors.
For more information on the qualifications for the program you can review the eligibility requirements at the US Army Corps of Engineer website. If you are a military family in the Northern Virginia area who qualifies for the Department of Defense Homeowners Assistance Program (HAP) then give me a call at 703-346-2213. As an agent experienced with the HAP program guidelines and processes I can help you navigate the requirements and get your home SOLD before your next PCS move.
Real People*Real Lives*Real Estate
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