Skip to main content

HUD and VA Team Up to Help Homeless Veterans Find Permanent Homes

NationalMortgageProfessional.com
Apr 06, 2018
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) have announced $43 million to 325 local public housing agencies (PHAs) across the country to provide a permanent home to more than 5,200 veterans experiencing homelessness. The supportive housing assistance announced is provided through the HUD-Veterans Affairs Supportive Housing (HUD-VASH) Program, which combines rental assistance from HUD with case management and clinical services provided by VA.
 
A component of the Housing Choice Voucher (HCV) program, the HUD-VASH vouchers being awarded today enable homeless veterans to obtain affordable, decent housing in the private market. These vouchers are critical tools in helping communities effectively end homelessness among veterans.
 
“Our nation’s veterans deserve more than a life on the streets,” said HUD Secretary Ben Carson. “There is no greater responsibility than to end veteran homeless and to make certain that those who have served our nation have a home they can call their own.”
 
More than 87,000 vouchers have been awarded and approximately 144,000 homeless veterans have been served through the HUD-VASH program since 2008. More than 500 PHAs administer the HUD-VASH program, and this most recent award includes 102 additional PHAs, increasing HUD-VASH coverage to many communities. Rental assistance and supportive services provided through HUD-VASH are a critical resource for local communities in ending homelessness among our nation's veterans.
 
In the HUD-VASH program, VA Medical Centers (VAMCs) assess veterans experiencing homelessness before referring them to local housing agencies for these vouchers. Decisions are based on a variety of factors, most importantly the duration of homelessness and the need for longer term, more intensive support in obtaining and maintaining permanent housing. The HUD-VASH program includes both the rental assistance the voucher provides and the comprehensive case management that VAMC staff offers.
 
Veterans participating in the HUD-VASH program rent privately owned housing and generally contribute no more than 30 percent of their income toward rent. VA offers eligible homeless veterans clinical and supportive services through its medical centers across the U.S., Guam, Puerto Rico and the Virgin Islands.


 
Published
Apr 06, 2018
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021