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					                  Assistant Chief of Staff for Installation Management
                  Strategic Communications




    Housing Market Crisis:
Support to Soldiers and Families
     Supporting Families and Soldiers In the Current
                   Housing Market

   Supporting Families and Soldiers
    In the Current Housing Market




“Not only do I have to worry about staying alive, but now I got to worry
about whether or not my family’s going to get kicked out of the house.”

                           Staff Sgt. Daniel Escamilla
                           Mortgage payments tripled while in his third combat tour in Iraq
                           Source USA Today 04/24/2008
        Supporting Families and Soldiers In the Current
                      Housing Market
BACKGROUND: Increasing variable home interest rates,
plummeting home market values, historic numbers of
foreclosures, and an overall economic turndown has combined
to create the housing market crisis.

                            PURPOSE:
•Provide information on the effect of the housing crisis on our
Soldiers and their Families
•Display the magnitude of the problem at installations
•Provide guidance to assist Soldiers and Families
•Review existing housing programs
•Provide resources available to help



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      Supporting Families and Soldiers In the Current
                    Housing Market
           Current Housing Crisis Affects Army Families

Rent
• Owner of rental property foreclosed
• Forces Family to move (unforeseen costs)

Own
• Upside down mortgage (appraised value less than outstanding mortgage)
• Directed moves (PCS)
     • Unable to sell or rent at current location
         • Forced into Short Sale
        • Foreclosure and pre-foreclosure
        • Unplanned Family separation (family remains at previous location)
        • Having to find housing at new location
        • Credit rating affected (ability to rent/buy new location)
        • Forced to pay two (mortgages / mortgage + rent at new location)


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Home Price Change History USA 1992- 1st Q 2009
      (Federal Housing Finance Agency Housing Price Index)




                         5 of 15
                                                                       Fannie Mae Military Mortgage Data
                                      Selected Installations — 68% of Active Component Loans by Fannie Mae
                                                                                                                                                                                                             Watervliet Arsenal

                                 962
                                     Fort Lewis
                                         30     4
                                                                                                                                     Northeast                                                               13      1       0
                                                                                                                                                                                              Fort Drum                           West Point
                                                                                                                                                                                        265       19    1              0     63       1      0
                             4                                                                               0                                     Fort McCoy
                                                                                                                                                19      2     1                                               0
                                                               1                                                                                               Selfridge Arsenal                                   0         Natick Soldier Ctr
                                                                                                                                        3                     77       10     5                                              19      1       0
                                                                                                                                                      3                                                5          1
                         0                                                                                       1                                                      15       Tobyhanna AD                      1 0       Fort Hamilton
                                                                                                                                                                                11    0     1                              60       6      1
                                            0                                                                                                                                                               3           Picatinny Arsenal
                                                                                                                                                                                                                        10        0      0
                                                                      0                                                                     7                                                  7
                                                                                                                 2                                                                                                          Fort Dix
                                                                                                                                                                               15                                     60        6      1
                                        25
                                           Dugway PG
                                               0     0                                      Fort Riley
                                                                                                                                                           6         16                                9 0             Carlisle Barracks
                                  4                                    Fort Carson      321    11      1                                                                                 3                            93        4      1
 Presidio of Monterey
   8       0      0
                                                                    840     23     6
                                                                                                             Fort Leavenworth
                                                                                                                                                               Rock Island                      13                     629
                                                                                                                                                                                                                           Fort Meade
                                                                                                                                                                                                                                 15      9

                    9                               1
                                                                                                             242     8     10                   13        36       0       0
                                                                                                                                                                                                                        NCRD
                                                                        7
                                                                                          15                                                                                         Fort Lee
                                                                                                                                                                                                                984      18          2
                                                                                                                 Fort Leonard Wood                                                                         Forts Eustis/ Monroe
                                                                                                                 160      3     1                                                133    4          1        486     12      5
 Fort Hunter-Liggett
  2      0       1

 West                                           10
                                                Fort Huachuca
                                                                                                 5         269
                                                                                                                  Fort Sill
                                                                                                                    12         4                   219
                                                                                                                                                          Fort Knox
                                                                                                                                                             16     3
                                                                                                                                                                                                                     Fort Bragg
                                            233                 3
                                                                          0                                                                                                                                     1,807 64
            Yuma PG                                     6
                                                                                                                                 Fort Campbell
                                                                                                                                                                                  4                                             14
          4    1             1
                                                                                                                               110     4       0
                                                                                             12
                                                                                               Red River AD
                                                                                                    0       0                                                                                   28
                                                                                       31                                                Redstone Arsenal
                                                                                                                                        208     5      0
                                                                                                                                                                          18                   10                 421
                                                                                                                                                                                                                     Fort Jackson
                                                                                                                                                                                                                          21      4
                          Fort Wainwright                           Fort Bliss                           Fort Hood
                         97      1      0                   1,146      76        6                  1,292 48       11                                 2
            2
                                                                                                                                                                           10           24                    368
                                                                                                                                                                                                                 Fort Gordon
                                                                                                                                                                                                                      13     2
                     Fort Richardson                                                                                                                               1
                    76       2     2                                Fort Sam Houston                                 Fort Polk
                                                                    679    11      2                                                                                                                          Fort Stewart
                                                                                                                 232     9          2                     6                                                683     21      2
Fort Shafter/Schofield                                                                                                                                                                    Fort Benning
 467      13      2
                                 Pacific                                                                                                                               Fort Rucker
                                                                                                                                                                                       481     26
                                                                                                                                                                                                   14
                                                                                                                                                                                                       8
                                                                                                                                                                                                                      SOUTHCOM

                             Selected Installations Data
                                                                                                                         Southeast                                 361      9      2
                                                                                                                                                                                                                   105   19    2


                             Number Current = 14,821                                                                                                                                                                     1
                2                                                                As of Jan 1 2009                                                                                                                                 Ft Buchanan, PR
                             Number Delinquent = 556                                                                          N = Total Foreclosed in State; Total Foreclosed All States = 332
                             Number Foreclosed = 120                             Sep 1 2005 - Jan 1 2009                           10 of 13
                     Key Message

 The nation is experiencing a housing market crisis. But the
 chain of command, military and civilian resources, and the
Army One Source website can provide information to Soldiers
 and Families to help overcome most housing and financial
                        challenges.

                   THE ARMY CARES.
                                               How We Can Help
          Soldier PCS                    Soldier Unable to Sell               Soldier in Financial Crisis          Other Federal Acies

• Housing Financial Road Show       • Homeowners Assistance              • Army Community Services           • Veterans’ Benefits Improvement
   • Installation Information for   Program (HAP) proposed               financial counseling                Act of 2008
     Soldiers and Families          language                                  • Spouse employment                • Assist veterans with sub
   • Programs available                 • WTU/Surviving Spouses               counseling                            prime mortgages to
   • Train installation staff           • BRAC Causation                                                            refinance into more
                                        • PCS                            • Army Emergency Relief                    affordable VA guaranteed
• Homeowners Assistance                 • Sunset Clause Sep 12               •   Loans for Rent/Mortgage            loan.
Program (HAP) proposed                  • Purchased prior to Jul 06          •   Grants for Rent /
language                                                                     Mortgage                        • Service members Civil Relief Act
    • WTU/Surviving Spouses         • AER loans to assist Soldiers                                              • Prevents foreclosure on a
    • BRAC Causation                on rent and mortgages                • Chaplain support                        pre-service mortgage
    • PCS                                                                                                          without a court order; allows
    • Sunset Clause Sep 12          • G-1 Revising BAH waiver            • TJAG support                            Soldiers to reduce a pre-
    • Purchased prior to Jul 06     criteria to include Families             •   Foreclosure/Bankruptcy            service obligation to 6%.
                                    remaining at prior location
• Housing Services Office           (unable to Sell/Rent home)           • Federal and State refinance           • Fannie Mae
   • Automated Housing                                                   programs                                • Soldiers allowed to stay in
     Referral Network (list         •Joint Federal Travel Regulation                                               foreclosed properties and
     home for sale or rent)         Revisions                            • Command involvement                     rent from bank
                                        • Changed to allow payment
• G-1 Revising BAH waiver                  of moves by Military          • MakingHomeAffordable.gov
criteria to include Families               renters due to landlord             – ARRA program
                                           foreclosure                         – Refinance & Mitigation
remaining at prior location
(unable to Sell/Rent home)
                                                                         • National Foreclosure Mitigation
                                                                         Counseling (NFMC) Program
• MakingHomeAffordable.gov
    – ARRA program
    – Refinance & Mitigation                                             • Veterans’ Benefits Improvement
                                                                         Act of 2008
                                                                              • Assist sub prime
                                                                              mortgages to refinance into
                                                                              more affordable VA
                                                                              guaranteed loan.
                                                                   12 of 13
              Supporting Families and Soldiers In the Current
                            Housing Market
                         HOUSING CRISIS RESOURCES
Websites:
•Military OneSource: www.militaryonesource.com
•Army OneSource: www.myarmyonesource.com
•Military Homefront: www.militaryhomefront.com
•Army Housing OneStop: https://onestop.army.mil
•Automated Housing Referral Network: www.ahrn.com
•Army JAG: www.jagcnet.army.mil
•Housing Assistance Program (HAP): www.hap.usace.army.mil

 Local and Installation Resources
• Army Community Services (ACS) Financial Counseling: Offers spouse employment
counseling.
• Army Emergency Relief: Offers grants and loans for Soldiers who are renting off-post.
Chaplain Support
• TJAG Support
• Housing Services Office: Provides a Preferred Tenant Program for those Soldiers and
Families interested in renting off-post. The Automated Housing Referral Network offers
listing that are targeted to military personnel and families.
•Federal and State Refinance Programs
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