ARRA expanded the HAP to assist service members and DoD civilian employee homeowners who are required to relocate during the home mortgage crisis.
The DoD and Office of Management and Budget guidance for the ARRA expansion of HAP is being finalized and will soon be published in the Federal Register. Applications are being accepted while program guidance is in development.
Once rule-making is complete, the guidance will be available on the HAP Web site and the U.S. Army Corps of Engineers will then be authorized to process expanded program applications. HAP program information, as well as details about applying for benefits and the application process is available on the HAP Web site: http://hap.usace.army.mil
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It's been a very tough decision and a roll of the dice with my family's future to commit to moving while these rules are still pending. And in a year's (or more) time, let's hope the $555 million holds out. If not, we can't move.
ReplyDeleteThis policy has been pending for quite some time. I thought the ARRA was to quickly stimulate the economy. What is the hold up?
ReplyDeleteI PCS'd in June. My house lost $30K in value. Won't sell and family is still in it waiting for the DOD to get with the program. Whatever it is they're doing, they should have been doing it while the approval was pending in Congress. Unacceptable.
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