HUD, VA Help 9,000 Homeless Vets Find Homes
Daily Real Estate News
The U.S. Housing and Urban Development and Veterans Affairs have teamed up to provide housing for about 9,000 homeless veterans nationwide who live on the streets or in shelters.
HUD and the VA will provide $60 million to local public housing agencies to distribute the grants to homeless vets that will provide rental assistance. The vets participating will be able to rent privately owned housing and will contribute no more than 30 percent of their income toward rent.
“Our veterans have answered the call of duty,” says HUD Secretary Shaun Donovan. “That’s why our nation has its own duty — to help homeless servicemen and women rejoin the very communities they have given so much to protect. These grants make it possible to help more veterans obtain housing, bringing us steps closer to our goal of ending veteran homelessness by 2015.”
According to data by HUD and VA, a single night in January 2012 showed that 62,619 veterans were homeless.