Help for Military Families Affected by BRAC in Northern Virginia
Northern Virginia, as much as any place in the country, is facing enormous changes because of the Base Realignment and Closure (BRAC) decisions of 2005. But help is available to both military families and DoD civilian employees.
There are two major programs designed to help families who are relocating: the Department of Defense National Relocation Program and the Homeowners Assistance Program or HAP.
According to the Army News Service, “Besides standard Permanent Change of Station or PCS entitlements, the Department of Defense National Relocation Program provides relocation services, including a guaranteed home buyout process, to eligible DoD civilian employees so they can sell their homes at the prior duty station and locate housing at the new duty station.
It’s primary benefit, known as the Guaranteed Home Sale, offers an alternative to the PCS reimbursements process. It also offers other valuable services such as the Home Marketing Incentive Program, a financial-incentive-bonus payment that may be authorized for employees who successfully market their homes.”
For details on the services provided and the process required to obtain these services, click here.
On the other hand the traditional HAP program provides “benefits for transferring soldiers and civilian employees only when an impact study determines that the depreciation of home values is specifically linked to the closure of a nearby military installation.”
Extended HAP, part of the President’s economic stimulus package, will provide some financial benefits for BRAC-affected service and civilian employees who sell their homes at prices less than their purchase price or less than the mortgage balance owed, without requiring any economic impact study.
If you or someone you know is part of a BRAC move in Northern Virginia, give me a call at 703.927.4554 and we’ll work together to get your home sold. And if, you want to buy, I can do that too.