Using $555 million in Recovery Act funds, the Department of Defense has expanded a program that can reimburse employees up to 90 percent of the price they paid for a primary residence to avoid a loss when they go to sell.
The Pentagon’s Housing Assistance Program now applies to:
• wounded service members relocating for treatment or medical retirement and survivors of those who have died while deployed
• military personnel and Defense Department civilians affected by the 2005 round of base closings, as a result of the Base Realignment and Closing initiative
• Military personnel moving to a new base
As of Jan. 18, 2010, almost 4,000 eligible applicants for the expanded program have been identified and 429 claims have already been paid for a total $32.8 million, according to the Pentagon.
After Florida, the Defense Department says it also expects applications from California, Virginia and Georgia.
For more details about the program, including eligibility and limitations, download this PDF.
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