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VA Home Loans

Environmental Impact Statement Process

The Department of Veterans Affairs (VA) conducted the National Environmental Policy Act (NEPA) process.

Under the authority of NEPA and its implementing regulations, VA prepared a Programmatic Environmental Impact Statement (PEIS) to evaluate the potential direct, indirect, and cumulative environmental consequences of continued operation and administration of VA’s Housing Loan Program (HLP).
The HLP is administered by the Veterans Benefits Administration (VBA), in the form of loans made, insured, or guaranteed by VA.  It also includes housing benefits that can be used in conjunction with the HLP (e.g., the Specially Adapted Housing program).  Under the HLP, VBA is also responsible for the management, marketing, and disposition of real estate owned (REO) properties that VA acquires following the foreclosure of certain VA-guaranteed loans and loans held in VA’s portfolio.
VA conducted a Programmatic Environmental Impact Statement (PEIS) level analysis was required for this project. The PEIS provided a clear and concise discussion of the potential environmental effects of the HLP, and the PEIS evaluation process helped VA identify and document potential positive or negative environmental impacts, and any reasonable alternatives. Through this PEIS, and the NEPA process, VA evaluated the potential physical, environmental, cultural, and socioeconomic effects of the HLP and will use the study to inform potential future planning and decision making related to the HLP.
VA invited federal, state, tribal, and local entities; non-profit organizations; businesses; interested parties; and the general public to be involved in the process. The availability period of the Final Programmatic Impact Statement (PEIS) ended on August 15, 2022.

VA issued a Record of Decision (ROD) announcing VA’s decision to implement the Proposed Action in the PEIS – to continue to operate and actively manage VA’s Housing Loan Program. Issuance of the ROD completes the NEPA process.

Project Status and Recent Activities

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