Significant resources have been invested in Minnesota’s efforts to end Veteran homelessness. While a wide range of community partners work together to find homes for Veterans, we are specifically reaching out to Property Managers because you are the critical link in the housing process.
If you are a Property Manager willing to provide a home to a Veteran, you qualify for the Minnesota Department of Veterans Affairs (MDVA) Homes for Veterans Property Management Incentive Program. This program offers Property Managers the support, financial incentive and risk protection that makes doing the right thing the smartest thing. In addition to making a positive difference in the lives of local Veterans, partnering with Homes for Veterans provides you security and peace of mind.
We understand Property Managers strive to fill open rental units in a timely and efficient manner. The rental application process with an eligible Veterans may sometimes require a little more time. To offset this, after you approve an eligible Veteran’s rental application, you are eligible for the Vacancy Relief Fund that will provide up to 45 days from date the unit was available while the Veteran prepares to move in. To apply for this fund, please complete the following steps:
Over the past several years, MDVA has identified some Veterans with more complex rental barriers, such as justice involvement, previous rental history and health concerns. If you agree to assist these eligible Veterans and accept a rental application with a one-year lease, you can apply for the Incentive Fund and receive a one-time payment of up to $1,000.
The Risk Mitigation Fund is designed to cover any property loss at an apartment after an eligible Veteran moves out during the first 12 months of their lease. This fund can cover up to $2,000 beyond the security deposit, acting as an insurance policy for the Property Manager.
An eligible Veteran for the purposes of this fund is defined as a Veteran who was enrolled in the Homes for Veterans program at move in by applying for the Homes for Veterans Incentive or Vacancy Relief Fund.
Funds are limited and only available until they are exhausted.
Thank you for your partnership in helping to provide housing to Veterans experiencing homelessness. Please feel free to share this information with other Property Managers in your community.
