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.
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.
Veterans who served on active duty on or after September 16, 1940 and are eligible for a Specially Adapted Housing grant.
Permanently and totally disabled veterans.
Aplication and Award Process
This program is excluded from coverage under E.O.
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.
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.
38 U.S.C. 3711.
Range of Approval/Disapproval Time
From 20 to 60 days.
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.
Formula and Matching Requirements
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
(Guaranteed Loans) FY 07 $0; FY 08 est $0; and FY 09 est $0.
Range and Average of Financial Assistance
Up to $33,000.
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.
Regional or Local Office
See Department of Veterans Affairs field office listed in the Appendix IV of the Catalog.
Department of Veterans Affairs, Washington, DC 20420. Telephone: (202) 461-9511.
Criteria for Selecting Proposals
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