What Are the Requirements?
To qualify for the Housing Assistance for Veterans program, households must have an occupant who was disabled as a result of active military service or be a Gold Star Family since August 2, 1990.
Housing Assistance for Veterans
When you help a veteran through the Housing Assistance for Veterans program, it is very special. The HAVEN grant is a small token to thank veterans for the sacrifices they have made to keep us safe and secure for their service.
- Virgil Miller
- Group Community Reinvestment Act Director, Group Compliance
- Arvest Bank
Additional HAVEN Program Requirements
- Households must have a family income of 165 percent or less of the area median income.
- The grant recipient may adapt a home that they or a family member plans to purchase and in which they intend to reside.
- The grant recipient may adapt a home that they or a family member already owns and in which they intend to reside.
- If a home is being newly constructed and adapted to meet the needs of the veteran or service member, HAVEN funds may be used to offset new construction costs.
- If the HAVEN funds are used for down payment assistance or closing costs, then the grant recipient must qualify as a first-time home buyer and complete a homeowner counseling course.
- The FHLB Dallas member will pass on the full amount of the HAVEN funds as a grant to benefit the household for which the HAVEN funds were approved.
- The FHLB Dallas member is required to obtain verification of the completed modification within 60 days of funding if a signed cost estimate was utilized to disburse the funds. If HAVEN funds are used for new construction, evidence of the total construction cost is required.
- Households may not receive any cash back.
Contact Community Investment
An Affordable Housing Analyst is ready to serve you. Call 800.362.2944 or click the button below to connect with an FHLB Dallas representative.