More on VA Grants for Disabled Home Loan Borrowers
In my last post I discussed one of two grants available from the Department of Veterans Affairs to disabled veterans and service members. The two grants, the 2101 (a) and 2101 (b) are designed to help offset the cost of specially adapted housing. The second grant, the 2101 (b) is available to disabled vets who meet the following criteria for service-related injuries including:
- Total disability due to blindness in both eyes with 5/200 visual acuity or less
- The loss, or loss of use, of both hands.
- The permanent, total disability is due to a severe burn injury.
The VA’s 2101 (b) grant is used to offset the cost of adding specially adapted housing features to a home the disabled veteran already owns. It can also be used to pay the actual cost of such features already installed in the home when it was purchased. The grant has a maximum, which increases year to year based on what the VA calls a “cost of construction index”.
At press time, the maximum for the VA 2101 (b) grant is just under $13 thousand.
The VA 2101 (b) grant is the smaller of the two. The 2101 (a) is intended to help purchase a home already adapted for disabled access, or modify a home to make it accessible. The 2101 (b) rules indicate the grant is meant specifically for adapting a home and has one important extra feature—2101 (b) grant money can be used for adapting a property owned by the veteran’s family where the disabled vet intends to live as his or her permanent residence.
That is an important distinction to make when comparing the two grants. The 2101 (b) could be of great help to a family caring for a disabled vet in a situation where the vet does not own the property, but requires accessible features. The VA defines family members in these circumstances as “A person related to the veteran or service member by blood, marriage or adoption.”