As an agent who has had the privilege of successfully completing 35 Northern Virginia military Department of Defense HAP sales, keeping up with all of the latest information is a daily challenge. Talking with other agents across the country who also have been working with the HAP program we shared our concerns about the program and some of the inconsistencies we’ve experienced between each of the offices processing DoD HAP files. Files for our area are processed by the United States Army Corps of Engineers (USACE) in Savannah GA.
In case you were wondering how the HAP program originally got funding here is the history: The American Recovery and Reinvestment Act of 2009 allocated $555 million and the National Defense Authorization Act of 2010 authorized an additional $300 million for the Expanded Homeowners Assistance Program (HAP).
Per the report released by the IG office, as of February 23, 2011 the program had paid 4,825 applicants a total of $725.5 million, but had a backlog of 4,897 eligible applicants. It doesn’t take much to do the math and see that the program will run out of money before all eligible service members will be able to settle on their homes unless additional funding is provided.
The IG report on DoD HAP provides details on the issues that were found with the program and is open for comments until January 23, 2012. If you are military service member eligible for DoD HAP benefits or has been denied benefits you should read the report and make comments on your experience with the program.
If you are eligible for DoD HAP benefits and own a home in the Northern Virginia area give me a call at 703-346-2213. With the time it takes to process files you shouldn’t wait until Spring to get your home on the market.