STATE OF NEVADA DEPARTMENT OF BUSINESS AND INDUSTRY

STATE OF NEVADA DEPARTMENT OF BUSINESS AND INDUSTRY HOUSING DIVISION 1535 Old Hot Springs Road, Suite 50 Carson City, NV 89706 BRIAN SANDOVAL Governor TERRY JOHNSON Director CHARLES L. HORSEY III Administrator 01/10/2013 PROGRAM BULLETIN PB 001 -2013 TO: ALL TAX CREDIT/TAX EXEMPT BOND PROPERTY OWNERS AND MANAGERS RE: The Veterans Retraining Assistance Program ****************************************** The “VOW to Hire Heroes Act of 2011” created the Veterans Retraining Assistance Program which provides 12 months of financial assistance and tuition for veterans that qualify. They must attend either a Community College or Vocational/Trade school, it must be full-time and the program must lead to an Associates Degree or Certificate. Veterans participating in this program are considered eligible for our properties under exception 2 d) on the Student Status Certification form (NV-3). The income they receive including the living assistance is also exempt when calculating their household annual income. You must obtain third party verification that they are enrolled in this program in order for them to qualify for this exception. Please relay to all appropriate staff members. For more information on this program you can find it at: http: //www. benefits. va. gov/VOW

Veteran’s Retraining Assistance Programs

Veterans Retraining Assistance Program Solving the Veteran Unemployment Crisis Far too many of America's veterans are out of work. While there are many factors that have contributed to the current veterans unemployment rate hovering around 8%, the current state of the economy is the biggest hurdle. For veterans to find long-term careers, they need the tools to be competitive in today’s job market –and for the foreseeable future. The House and Senate passed – and the President signed into law – the VOW to Hire Heroes Act of 2011. The centerpiece of this legislation is the Veterans Retraining and Assistance Program (VRAP). VRAP will provide nearly 100, 000 unemployed veterans, between the ages of 35 -60, up to 12 months of Montgomery GI Bill benefits (currently $1, 473 per month) to retrain for an in-demand job. To Apply for VRAP, You Must Be: • At least 35 but no more than 60 years old • Unemployed on the date of application • Received an other than dishonorable discharge • Are not eligible for any other VA education benefit program (e. g. : the Post-9/11 GI Bill, Montgomery GI Bill, Vocational Rehabilitation and Employment Assistance) • Are not in receipt of VA compensation at the 100% rate due to individual unemployability • Are not enrolled in a federal or state job training program in the previous 6 months.