DRAFT/PRE-DECISIONAL State Home Construction Grant Program Update State Home Construction Grant...

DRAFT/PRE-DECISIONAL

State Home Construction Grant Program Update

Project Funding

VA receives $85M program funding (FY14)

VA funds 24 state home grants ($96.5M)

• 16 final grant awards ($18.9M)

• 7 conditional grant awards ($55.6M)

• VA funds Walla Walla SVH ($22M)

VA requests $80M in program funding (FY15)

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DRAFT/PRE-DECISIONAL

State Home Construction Grant Program Update

New Grant Applications

VA received 34 initial grant applications for FY15

Total VA matching funds = $212M

• 13 safety and 18 renovation projects ($69M)

• 4 new construction projects ($143M)

Total 500 beds in WI, MD, HI & AZ

• All safety projects will be funded in FY15

Reminder: Initial grant applications may be submitted year round in grants.gov

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DRAFT/PRE-DECISIONAL

State Home Construction Grant Program Update

Grant Reimbursement

VA currently provides reimbursement on 98 grant awards.

• Clear all state requests by end of week

• 18 of 98 awards are >95% complete

• VA estimates 60+ grants closed in FY14

VA processes 150+ state reimbursement requests in FY14.

• VA reimburses states > $90M in construction costs

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