Housing Assistance for Veterans (HAVEN) funds assist with necessary modifications to homes of U.S. veterans and active-duty, reserve or national guard service members who became disabled by as a result of their military service since September 11, 2001. Alternatively, the funds can be awarded to Gold Star Families that were impacted during this time frame for home repairs/rehabilitation. HAVEN funds are available until the funds are exhausted or until December 31, 2020, whichever occurs first. The funds are disbursed on a first-come, first-served, homeowner-by-homeowner basis.
HAVEN program funds may be used to:
A retired Army veteran received the keys to his new home, thanks in part to a $7,850 HAVEN grant from Texas Capital Bank and FHLB Dallas to Operation FINALLY HOME.
Modify an existing home to meet the needs of a U.S. veteran or service member.
Offset construction costs of a newly constructed home.
Pay for a third-party inspection and developer fees. Developer fees may not exceed the lesser of $500 or 15 percent of the total rehabilitation cost. In addition, the combined third-party inspection fees and developer fee cannot exceed 15 percent of the rehabilitation cost.
Up to $10,000 will be granted toward the modification/construction of a qualifying property located anywhere in the United States.
