Washington, DC – July 19, 2012 – (RealEstateRama) — Congresswoman Linda Sánchez (CA-39) today announced that the Department of Veterans Affairs (VA) is awarding a total of $1.95 million to two local non-profit organizations to help more than 700 at-risk veterans and their families. The VA is awarding $1 million to the Salvation Army of California and $950,000 to People Assisting the Homeless (PATH) through a federal program to prevent and end veteran homelessness. Both organizations serve the 39th Congressional District.
“Ensuring that our brave men and women have all the benefits and resources they deserve should be a priority for all of us. I congratulate the Salvation Army and PATH, and I applaud them for the work they do with homeless veterans,” said Congresswoman Sánchez. “Our veterans kept their promise to defend our freedom. We should do all that we can to prevent veterans from becoming homeless.”
The awards to the Salvation Army and PATH are part of the VA’s Supportive Services for Veteran Families (SSVF) program, which is aimed at improving housing stability for veterans and their families. For more information on the program, click here.
Congresswoman Sánchez currently serves on the House Veterans’ Affairs Committee. In November 2011, Congresswoman Sánchez introduced legislation which would extend the Department of Veterans Affairs guaranteed Adjustable Rate Mortgages (ARMs) and Hybrid Adjustable Rate Mortgages. VA-backed ARMs and hybrid ARMs differ from conventional mortgages in that, if interest rates drop, veterans can save thousands of dollars in mortgage payments.
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