VA Easing Economic Hardships for Veterans, Their Families, Survivors and Caregivers

VA Home Loans for VeteransSource; U.S. Department of Veterans Affairs

WASHINGTON, D.C. — Acting Secretary of Veterans Affairs Dat P. Tran on Friday released a statement about the VA easing economic hardships for Veterans, their families, survivors and caregivers:

“The Department of Veterans Affairs (VA) is steadfast leading the way in President Joseph Biden’s Jan. 22 Executive Order to deliver economic relief to Americans amid the COVID-19 crisis by addressing economic hardships the Veteran community faces during the ongoing pandemic.

“Through no fault of their own, our Veterans and their loved ones continue to face economic hardship due to the pandemic. I want to assure Veterans, their family members, survivors and caregivers that we are doing everything we can to lessen their burden and worry.

“Effective [immediately], VA will extend the existing moratorium on evictions and foreclosures until March 31, 2021. VA borrowers experiencing financial hardship due to COVID-19 can review VA guidance for borrowers or call 877-827-3702 for additional information.

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“VA is also looking for immediate ways to help over 2 million Veterans maintain their financial footing by exploring options to ease the burden of federal collections on compensation and pension overpayments, and medical and education-related debts.

“VA will provide updated information and guidance for Veterans at va.gov on this effort as soon as possible. VA is focused on lessening these financial hardships for America’s Veterans. We will continue to work with our partners in Congress and Veterans Service Organizations to honor our Veterans and their families by providing care and benefits they earned and deserve.”

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