Housing Assistance Program Announced

Week of May 25, 2009

Vice President Joe Biden recently announced the Defense Department's plan to expand its housing assistance program with $555 million devoted to servicemembers forced to sell their homes at a loss due to the country's struggling housing market. The funds are allocated to provide benefits to  military and civilian employees, according to a specific priority order, who  suffered housing financial losses since 2006. All active and former members of  the Army, Navy, Marine Corps, Air Force and Coast Guard, as well as DoD  civilians who have sold a home since 2006 may visit the Homeowners Assistance Program website to learn specific program criteria and eligibility. For more  information, read the full article on Military.com.To learn more, read the full article on Military.com.