Home Equity Assistance

100% Home Equity Assistance in CFIRP

CFIRP Decision 2012-058

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2012-058

The Board indicated that it previously made a systemic recommendation regarding the need to have the HEA program reviewed; the Board added that, in a recent decision, the CDS agreed and directed the Director General Compensation and Benefits (DGCB) to review the HEA provisions with the TBS with a view to reducing the impact of losses on sale of a residence to a reasonable and minimally detrimental level. The Board expressed the hope that this matter will be treated as a priority by both the CDS and the DGCB, given the prospect of further similar grievances due to the current trends in the real estate market.

CDS:” As recommended by the Board in several HEA cases, and given the detrimental effect on CF members, the CDS directed CMP to review the adequacy of the CF IRP HEA provisions with TB to minimize any negative impact to CF members brought on by the exigencies of military service.”

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Written by Major Marcus Brauer

February 22, 2015 at 15:10

Posted in Uncategorized

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