Real Estate with Robbie - Robbie English, Broker

Friday, October 21, 2016

VA Specially Adapted Housing Grant Changes

As of October 1, 2016, the U.S. Department of Veterans Affairs (VA) has increased the aggregate amounts of assistance available under the Specially Adapted Housing (SAH) grant program by 4.797 percent from FY 2016 levels, in alignment with an increase in the cost of building.

On October 18, 2016, the VA proposed changes to the Veteran’s Mortgage Life Insurance (VMLI) which provides mortgage protection insurance to SAH grant recipients. The VA is proposing to allow SAH grantees to take out VMLI in amounts less than both the statutory maximum of $200,000 and the amount… Read More

No comments:

Post a Comment