The mission of Helping A Hero.org (HAH) is to empower America’s severely wounded veterans, injured in the War on Terror, by partnering with selected wounded veterans to provide homes specially adapted for each veterans’ needs. For over a decade, HAH’s Wounded Hero Home Program quality houses have been built throughout the United States. The average monetary value of an HAH Wounded Hero Home Program house exceeds $300,000. The houses are typically built in master-planned subdivisions.
The Wounded Hero Home Program requires that the wounded veteran who takes title and ownership of the home pay a minimum of $50,000 toward the total construction cost, in addition to Veteran’s Administration Special Adapted Housing (SAH) grant money paid toward the total construction costs. In addition to in-kind donations and discounts used by the builder to lower the construction cost, HAH budgets a HAH Grant toward construction costs. Any construction costs not covered by the SAH Grant, the $50,000 from the veteran, the HAH cash Grant, and the in-kind donations, if any, are the veteran’s responsibility. The exact purchase amount owed at closing by the veteran (in addition to the SAH grant money) depends on many factors, including location, the cost of the lot, house square footage, veteran requested change orders, veteran product selections, closing costs, insurance, taxes and community support.
The veteran’s home purchase cost is typically paid via a mortgage loan obtained by the veteran, with a mortgagor of the veteran’s choosing. For this reason, selected veterans should have creditworthiness. After the construction of the house is complete, the veteran recipient signs a Wounded Hero Home Program Agreement at the real estate closing. The veteran is the buyer of the new specially constructed house, (typically funded, as stated above, with a mortgage loan from a third party lender.)
After the property title transfers to the veteran, the veteran receives the key to the HAH home and moves in. The veteran is financially responsible for HOA dues if any, insurance, property taxes (taxation varies by state and percentage of disability) and home and yard maintenance. The Wounded Hero Home Program Agreement requires that after taking the title, the veteran commits to live in the HAH home as his or her primary residence for a minimum period of ten years, during which the veteran pledges not to sell it or borrow money against the value of it. When the ten-year contract expires, the veteran may access the equity in the home and/or sell it.