What is the Department of Veterans Affairs (VA) Enhanced-Use Leasing (EUL) Program?

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What is the Department of Veterans Affairs (VA) Enhanced-Use Leasing (EUL) Program?

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Under the provisions of the Enhanced-Use Leasing Statute (e.g., 38 U.S.C. § 8161 through 8169), the Secretary is authorized to lease real property under VA’s jurisdiction or control to a private or other public entities for a term of up to 75-years. The Enhanced-Use Leasing activity must either: (i) contribute to the mission of VA; be consistent with, and not adversely affect VA’s mission; enhance the use(s) of the property to be leased; and be in exchange for fair consideration to VA as determined by the Secretary; or (ii) result in a demonstrable improvement in services to eligible veterans in the geographic service-delivery area in which the property is located. As part the fair consideration to be provided in exchange for the EUL, the Secretary is authorized to accept “in-kind” consideration such as facilities, office, storage, or other usable space, services, money, and/or other “in–kind” consideration.