Law expands Veteran housing benefits

VA - 5/4/2021

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Image by Ricarda Mölck from Pixabay

May 4, 2021

WASHINGTON – May is National Moving Month and many Veterans may find themselves moving to a new address as they take advantage of the Department of Veterans Affairs (VA) expanded home loan program, which now includes additional benefits for eligible borrowers. VA is currently implementing Public Law 116-315 containing three key loan provisions for Vietnam War era Veterans, eligible National Guard members, and service members, Veterans and certain surviving spouses with VA-guaranteed loans. "The law, known as the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 offers new and renewed home-ownership possibilities,” said Acting VA Under Secretary for Benefits Thomas Murphy. "These few changes can have a significant impact on our current homeowners, especially for those who were previously ineligible but now have the opportunity to use the benefits they have earned.” According to the U.S. Department of Transportation, an estimated 35 million people will relocate this year, with most taking place between the start of the peak season for moving in May through September.

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