DOD to Help Active Duty Families

DoD Publishes Help for Military Families Selling Due to Transfer

The American Recovery and Reinvestment Act (ARRA) expanded DoD's authority to help active duty families who are having to sell their homes at a loss due to a permanent change of station (PCS). Last week, DoD published the guidance on this new program. For those families with homes purchased prior to July 1, 2006, and the market area is experiencing a decline of at least 10%, they can receive up to 90% reimbursement on the loss of the sale of their home based on the previous fair market value. This is increased to 95% for Wounded Warriors and Surviving Spouses. The full guidance on the Housing Assistance Program is available at: http://hap.usace.army.mil/homepage.html.

Dod Guidance on Housing Assistance Program