Homeowners Assistance Program Details

Week of October 05, 2009

The Department of Defense (DoD) announced details for the temporary expansion of the Homeowners Assistance Program (HAP) to partially reimburse losses from the sale of a primary residence. Using $555 million in funds from the American Recovery and Reinvestment Act (ARRA), this program is designed to partially reimburse eligible active and former Army, Navy, Air Force, Marine Corps and Coast Guard personnel , surviving spouses, and federal (DoD and Coast Guard) civilian employees whose service to the nation has required them to relocate and sell their primary residence at a loss. The U.S. Army Corps of Engineers will manage the program for all the military branches and HAP administrators will immediately start processing applications. Eligibility and application details can be found at the DoD Homeowners Assistance Program website.

To learn more, read the full article on Military.com.