Veterans Housing Direct Loans for Certain Disabled Veterans
To provide veterans who are eligible for a Specially Adapted Housing grant with loan directly from the VA in certain circumstances.
General information about this opportunity
Last Known Status
Veterans Benefits Administration, Department of Veterans Affairs
Type(s) of Assistance Offered
E - Direct Loans
Who is eligible to apply/benefit from this assistance?
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.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. 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.
Approval/Disapproval Decision Time
How are proposals selected?
How may assistance be used?
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.
What are the requirements after being awarded this opportunity?
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
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. Method of awarding/releasing assistance: .
Who do I contact about this opportunity?
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.
(Not Applicable) FY 07$0.00; FY 08 est $0.00; FY 09 est $0.00; - (Guaranteed Loans) FY 07 $0; FY 08 est $0; and FY 09 est $0.
Range and Average of Financial Assistance
Regulations, Guidelines and Literature
Examples of Funded Projects