Acceptable plan for operating a residence designed to meet the conditions of a loan under this program. Selection of a suitable housing unit for use as a transitional residence. Agreement to the loan repayment schedule and to use the proceeds of the loan to cover only the initial startup costs associated with the residence. No loans were made during fiscal year 1999. Title 38 Code of Federal Regulations, 17.800 - 17.805, Transitional Housing Loan Program.
Loans are available on an ongoing basis, provided sufficient funds exist within the revolving fund.
The rate of interest charged to loan recipients will be the same rate the VA is charged to borrow these funds from the U.S. Department of Treasury.