Benefits

At this time, applications are only being accepted from Wounded, Injured, or Ill and Surviving Spouse applicants.

There is currently no HAP approved for BRAC Impacted Personnel.

BRAC Impacted Personnel

If an applicant is eligible and money is available, HAP may provide financial assistance under one of the following three scenarios: Private Sale, Government Acquisition, or Foreclosure:

  • Private Sale: Benefit amount is the difference between 95% of the home’s fair market value prior to the public announcement date and the selling price. HAP may also reimburse the applicant for normal and customary seller’s closing costs;
  • Government Acquisition: Benefit amount is the greater of 75% of the home’s fair market value prior to the public announcement date OR the mortgage(s) payoff amount;
  • Foreclosure: Benefit is paid to the lien holder for legally enforceable liabilities.

Wounded, Injured, or Ill and Surviving Spouses

If an applicant is eligible under the Wounded, Injured, and Ill or Surviving Spouse categories and money is available, HAP may provide financial assistance under one of the following three scenarios: Private Sale, Government Acquisition, or Foreclosure:

  • Private Sale: Benefit amount is the difference between 95% of the home’s prior fair market value and the selling price. HAP may also reimburse the applicant for normal and customary seller’s closing costs;
  • Government Acquisition: Benefit amount is the greater of 90% of the home’s prior fair market value OR the mortgage(s) payoff amount;
  • Foreclosure: Benefit is paid to the lien holder for legally enforceable liabilities.