• Kevin Long
  • News
  • HUD and VA Commit $43 Million Toward Housing Homeless Veterans

HUD and VA Commit $43 Million Toward Housing Homeless Veterans

  • April 25, 2018

CMG Image

The Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs (VA) announced a budget of $43 million toward funding permanent housing solutions for homeless veterans.  The funding will be distributed amongst 325 local public housing agencies with the hopes of housing over 5,200 homeless veterans. 

The funding will be provided through the HUD-Veterans Affairs Supportive Housing (VASH) Program, a joint service combining rental assistance from HUD with case management and clinical services from the VA.  To find out if they qualify, homeless veterans must visit a VA medical center and be referred to a local housing agency.  HUD reports since 2008 over 87,000 HUD-VASH vouchers have been awarded to approximately 144,000 veterans. 

The VA is committed to ending veteran homelessness through outreach and assistance programs.  The HUD-VASH program enables veterans to rent privately owned housing with about 30% of the rent covered by the vouchers.   Through these efforts, 59 communities around the country and 3 states have effectively ended veteran homelessness.  The VA reports nationally, overall veteran homelessness is down 50% since 2010. 

HUD Secretary Ben Carson praised the move, expressing his support of the cause, “there is no greater responsibility than to end veteran homelessness and make certain that those who have served our nation have a home they can call their own.” 

If you’d like to learn more about ending veteran homelessness, please visit VA.gov

VA home loans, available to eligible veterans, active-duty military, and surviving spouses, are one way for returning veterans and those currently serving to secure permanent housing with 100% financing.  By eliminating the down payment hurdle, veterans who finance through the VA home loan are able to start building equity through the purchase of an appreciating asset. 


Sources: HousingWire, US Department of Veterans Affairs

Kevin Long
Area Sales Manager
NMLS # 195255
Branch NMLS # 1108042

Kevin Long

PHONE: (615) 567-8901

CMG Image
© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).