Using $555 million in Recovery Act funds, the Department of Defense has expanded a program that can reimburse employees up to 90 percent of the price they paid for a primary residence to avoid a loss when they go to sell.
The Pentagon’s Housing Assistance Program is now available to:
- Wounded service members relocating for treatment or medical retirement and survivors of those who have died while deployed;
- Military personnel and Defense Department civilians affected by the 2005 round of base closings, as a result of the Base Realignment and Closing initiative;
- Military personnel moving to a new base.
Previously, applicants had to demonstrate that the closing of their bases contributed to the decline of the area's real estate market and a resulting loss in sales. That requirement has been waived under the expanded program.
As of January 18, 2010, almost 4,000 eligible applicants for the expanded program have been identified and 429 claims have already been paid for a total $32.8 million, according to the Pentagon.
- 412 for military personnel moving to new base
- 11 for wounded service members
- 6 for surviving spouses
States most affected, in descending order:
Details about program eligibility and limitations [PDF 764 KB]
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