VA’s Enhanced-Use Lease (EUL) program allows VA to manage underutilized property through leasing arrangements with state or local governments or private sector organizations. Title 38, U.S.C. Sections 8161-8169, EULs of Real Property, as amended, authorizes VA to lease real property under VA’s control or jurisdiction to other public and private entities on a long-term basis (up to 99 years). The statute permits Enhanced-Use Leases (EULs) for supportive housing or for the direct or indirect benefit of Veterans.
The majority of VA EUL projects provide safe, affordable housing for Veterans and their families. The properties are leased to lessee entities that finance, design, develop, construct or rehabilitate, operate and maintain the property. The lessee assumes all financial obligations and risks associated with the development. These lessees utilize various sources of financing, including but not limited to low-income housing tax credits, state and local government funding, grants, commercial loans and public issue bonds.
Moving forward, the VA EUL program will continue to serve as a vehicle for VA to achieve its goal of eliminating Veteran homelessness across the nation. VA will also examine additional potential project types and identify new EUL opportunities that provide direct or indirect benefits to Veterans.
EULs provide long-term benefits to VA, Veterans and the community, as described below.
- Access to an expanded range of services, including housing, job training, and mental health counseling
- Increased access to health care
- Improved satisfaction and quality of life for Veterans and their families
Visit the Homeless Program website for more information about Veterans homeless program and housing.