ALCOAST 156/09 COMDTNOTE 7000 SUBJ: HOMEOWNERS ASSISTANCE PROGRAM (HAP) A. HOMEOWNERS ASSISTANCE PROGRAM, 42 USC 3374 B. AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 1. THE EXISTING HOMEOWNERS ASSISTANCE PROGRAM (HAP), REF (A), HAS BEEN AMENDED BY REF (B) AND EXPANDS COVERAGE TO (1) HOMEOWNERS ADVERSELY AFFECTED BY MILITARY BASE REALIGNMENT OR CLOSURE (BRAC), (2) WOUNDED WARRIORS AND SURVIVING SPOUSES, AND (3) TEMPORARY HOMEOWNER ASSISTANCE FOR MEMBERS OF THE ARMED FORCES PERMANENTLY REASSIGNED OUTSIDE A 50 MILE RADIUS OF THEIR CURRENT ASSIGNMENT DURING A SPECIFIED MORTGAGE CRISIS. 2. THE UNDER SECRETARY OF DEFENSE FOR ACQUISITIONS TECHNOLOGY, AND LOGISTICS IS COORDINATING THE ADMINISTRATIVE AND OPERATIONAL POLICIES, WITH THE ARMY CORPS OF ENGINEERS AS THE EXECUTIVE AGENT FOR THE PROGRAM. THE COAST GUARD IS PARTICIPATING IN ESTABLISHING THE IMPLEMENTING POLICY GUIDANCE. 3. MEMBERS INTERESTED IN ADDITIONAL INFORMATION SHOULD VIEW THE ARMY CORPS OF ENGINEERS WEB SITE AT HAP.USACE.ARMY.MIL. MEMBERS WHO PURCHASED PROPERTY PRIOR TO 01 JUL 2006 AND RECEIVED PCS ORDERS AFTER 01 FEB 06 SHOULD REVIEW THE ELIGIBILITY REQUIREMENTS AT HAP.USACE.ARMY.MIL (CLICK ON THE PCS ICON) AND MAY FILE AN APPLICATION AS INDICATED ON THE WEB SITE. NO ACTION WILL BE TAKEN ON YOUR APPLICATION AT THIS TIME, BUT THE EARLIEST APPLICATIONS MAY BE PROCESSED FIRST WHEN FINAL GUIDANCE IS ISSUED. 4. UNTIL THE SCOPE AND COVERAGE OF THIS PROGRAM IS PROMULGATED, MEMBERS SHOULD NOT BASE THEIR HOUSING DECISIONS SOLELY ON THIS POTENTIAL BENEFIT. MEMBERS MUST UNDERSTAND THAT NOT EVERYONE WILL BE ELIGIBLE FOR THIS PROGRAM AND THAT ANY ASSISTANCE PROVIDED MAY NOT COVER ALL YOUR LOSSES. IN ADDITION, PAYMENTS RECEIVED UNDER THIS PROGRAM ARE TREATED AS EARNED INCOME AND FULLY TAXABLE IN THE YEAR RECEIVED. YOU MAY CONTACT ONE OF THE THREE REGIONAL HAP OFFICES LISTED ON THE HAP WEB SITE FOR AMPLIFYING INFORMATION. 5. ADDITIONAL INFORMATION AND IMPLEMENTATION GUIDANCE WILL BE RELEASED IN SUBSEQUENT HAP ALCOASTS. 6. CAPT R. A. STOHLMAN, ACTING DIRECTOR OF PERSONNEL MANAGEMENT, SENDS. 7. INTERNET RELEASE AUTHORIZED.