Home » Business » Program created to increase affordable homeownership opportunities among the US veteran population.

Program created to increase affordable homeownership opportunities among the US veteran population.

Habitat for Humanity International announced that it has partnered with the US Department of Veterans Affairs (VA) to implement a program that aims to increase affordable homeownership opportunities among the veteran population.

People who are registered in the programa Veterans Build Habitat agencies in Saginaw, Michigan, Mingo County, W. Va., and Will and DuPage counties, Illinois, and the program HUD-VA Supportive Housing (HUD-VASH) may use their voucher assistance to partially subsidize homeownership expenses for up to 10 or 15 yearsdepending on the term of the mortgage for the construction of your affordable home.

As part of the pilot program, the VA will provide ongoing clinical and case management services to enrolled veterans to help prevent future personal and housing crises.

“The transition from military to civilian life can be challenging for veterans. Struggling to adjust or difficulty obtaining essentials such as housing, employment, education, and health care can lead to homelessness, unemployment, or living with chronic illnesses“. said Jonathan Reckford, CEO of Habitat for Humanity International.

“At Habitat, we know that decent and affordable housing provides a tremendous social and economic benefit. Veterans have sacrificed much to serve our country. It behooves us to serve them by helping them find long-term stability through safe and affordable shelter, Reckford added.”

The National Low Income Housing Coalition estimated that more than 25% of veteran households in the US are cost burdened. From them, approximately 1.5 million are severely cost burdened and spend more than 50% of their income on housing.

Habitat’s Veterans Build program seeks to address that problem by partnering with veterans and their families to improve their lives through construction of new homes, critical home repairs, community engagement and education, job training, and employment opportunities.

“President Biden stated that America’s sacred obligation is to make sure troops sent into harm’s way are prepared and that veterans and their families are cared for when they return homesaid Monica Diaz, executive director of the Veterans Health Administration Office of Homeless Programs. “This partnership will be integral to fulfilling this obligation and improving the lives of thousands of veterans and their families. Every individual who has served our country deserves a safe and stable place to call home.”

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