United States Department of Veterans Affairs

Enhanced Use Lease (EUL) Program Frequently Asked Questions (FAQs)

BURR Project FAQs:  General Information
EUL Program FAQs:  General Information  |  Developer Selection Process  |  Project Financing Information  |  Process Information  |  Project Information

EUL Project Financing Information FAQ

  1. Is there any funding tied to this initiative?

  2. Can VA provide examples of how the financing restrictions have been overcome on other EUL developments by the VA?

  3. Can HUD-VASH be used as a source of operating funds and supportive services?

  4. Is there a plan to establish a project-based HUD-VASH voucher set-aside for BURR projects?

  5. With regard to the HUD-VASH Program, are tenant-based and project-based vouchers allocated on an annual basis?

  6. How can we support the homeless who are on the waitlist to receive HUD-VASH vouchers?

1.  Is there any funding tied to this initiative?

No, there is no funding tied to this initiative.  However, you are encouraged to apply for federal, state and local capital and operating funding.  Funding sources could include Low Income Housing Tax Credit equity, Historic Preservation Tax Credit equity (for buildings or land parcels with historic considerations), HUD programs, Federal Home Loan Bank funds, and HUD-VA Supportive Housing (HUD-VASH) vouchers.

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2.  Can VA provide examples of how the financing restrictions have been overcome on other EUL developments by the VA?

Examples of EUL Active Awarded Projects and the In Kind Consideration Reports may be accessed on VA’s Office of Asset Enterprise Management website.

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3.  Can HUD-VASH be used as a source of operating funds and supportive services?

Yes, a developer may propose use of HUD-VASH vouchers in its financing plan.  However, it will be the responsibility of the developer to determine how to secure these vouchers and/or other funding as appropriate in keeping with the proposed project timeline (i.e., there is no funding tied to this initiative).

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4.  Is there a plan to establish a project-based HUD-VASH voucher set-aside for BURR projects?

Presently, there is no consideration for a BURR set-aside with 2011 HUD-VASH vouchers.  However, many Public Housing Agencies (PHAs) have vouchers currently available.  In addition, the FY 2011 vouchers were recently awarded so it would be best to talk to the PHAs as soon as possible.  The press release can be found at:  http://portal.hud.gov/hudportal/HUD?src=/states/washington/news/HUDNo.2011-07-14.

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5.  With regard to the HUD-VASH Program, are tenant-based and project-based vouchers allocated on an annual basis?

Yes, the vouchers are allocated on an annual basis and are renewed every year.  For example, if there were 10,000 vouchers awarded in 2008, since then, each year the 10,000 vouchers have been renewed.

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6.  How can we support the homeless who are on the waitlist to receive HUD-VASH vouchers?

You can talk to your local U.S. Representative or Senator’s office about the need for more vouchers and more funding for the HUD-VASH Program.

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