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DoD assistance program can save homeowners $$$



Article  
DoD assistance program can save homeowners $$$
[11/9/2004]

Source: Army Family Publication

Good news for some Army families facing severe financial hardships because they are unable to sell their homes at fair market value. Benefits are available under the Homeowners Assistance Program (HAP), an obscure Department of Defense program that was authorized by public law in 1966.

HAP was designed to help eligible homeowners when the real estate market is harmed by base closure or realignment. It could save some Army families thousands of dollars.

Soldiers and Department of the Army civilians are eligible for three types of benefits:

o partial compensation for losses resulting from the private sale of a home;
o payment of judicial foreclosure of a mortgage; or
o purchase of the home by the government.

DoD has designated the Department of the Army as the executive agent for HAP. The U.S. Army Corps of Engineers administers the program, working with commanders and installation housing officials to offer the best possible assistance.

Information on Corps of Engineers active HAP sites are listed on its Internet Homepage at (www.usace.mil/cespk-re/hap). Program information and applications are also available at your installation housing office.

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