[Federal Register Volume 79, Number 230 (Monday, December 1, 2014)]
[Notices]
[Pages 71153-71154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-28228]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS


Loan Guaranty: Assistance to Eligible Individuals in Acquiring 
Specially Adapted Housing; Cost-of-Construction Index

AGENCY: Department of Veterans Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The U.S. Department of Veterans Affairs (VA) announces that 
the aggregate amounts of assistance available under the Specially 
Adapted Housing (SAH) grant program will increase by 4.307 percent for 
Fiscal Year (FY) 2015.

DATES: December 1, 2014

FOR FURTHER INFORMATION CONTACT: John Bell, III, Assistant Director for 
Loan Policy and Valuation, Department of Veterans Affairs, 810 Vermont 
Avenue NW., Washington, DC 20420, (202) 632-8786 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: In accordance with 38 U.S.C. 2102(e) and 
2102A(b)(2) and 38 CFR 36.4411, the Secretary of Veterans Affairs 
announces for FY 2015 the aggregate amounts of assistance available to 
veterans and servicemembers eligible for SAH program grants.
    Public Law 110-289, the Housing and Economic Recovery Act of 2008, 
authorized the Secretary to increase the aggregate amounts of SAH 
assistance annually based on a residential home cost-of-construction 
index. The Secretary uses the Turner Building Cost Index for this 
purpose.
    In the most recent quarter for which the Turner Building Cost Index 
is available, Quarter 2 FY 2014, the index showed an increase of 4.307 
percent over the index value in Quarter 2 FY 2013. Pursuant to 38 CFR 
36.4411(a), therefore, the aggregate amounts of assistance for SAH 
grants made pursuant to 38 U.S.C. 2101(a) or 2101(b) will increase by 
4.307 percent for FY 2015.
    Public Law 112-154, the Honoring America's Veterans and Caring for 
Camp Lejeune Families Act of 2012, required that the same percentage of 
increase apply to grants authorized pursuant to 38 U.S.C. 2102A. See 38 
U.S.C. 2102A(b)(2). As such, the maximum amount of assistance available 
under these grants, which are called grants for Temporary Residence 
Adaptation (TRA grants), will also increase by 4.307 percent for FY 
2015.
    The increases are effective as of October 1, 2014.

Specially Adapted Housing: Aggregate Amounts of Assistance Available 
During Fiscal Year 2015

2101(a) Grants and TRA Grants

    Effective October 1, 2014, the aggregate amount of assistance 
available for SAH grants made pursuant to 38 U.S.C. 2101(a) will be 
$70,465 during FY 2015. The maximum TRA grant made to an individual who 
satisfies the eligibility criteria under 38 U.S.C. 2101(a) and 2102A 
will be $30,934 during FY 2015.

2101(b) Grants and TRA Grants

    Effective as of October 1, 2014, the aggregate amount of assistance 
available for SAH grants made pursuant to 38 U.S.C. 2101(b) will be 
$14,093 during FY 2015. The maximum TRA grant made to an individual who 
satisfies the eligibility criteria under 38 U.S.C. 2101(b) and 2102A 
will be $5,523 during FY 2015.
Signing Authority
    The Secretary of Veterans Affairs, or designee, approved this 
document and authorized the undersigned to sign and submit the document 
to the Office of the Federal Register for publication electronically as 
an official document of

[[Page 71154]]

the Department of Veterans Affairs. Jose D. Riojas, Chief of Staff, 
Department of Veterans Affairs, approved this document on November 4, 
2014, for publication.

    Dated: November 25, 2014.
William F. Russo,
Acting Director, Office of Regulation Policy & Management, Office of 
the General Counsel, Department of Veterans Affairs.
[FR Doc. 2014-28228 Filed 11-28-14; 8:45 am]
BILLING CODE 8320-01-P