Properties Near Airports (continued)

Depending on the type of construction and the airport noise or safety-related zone involved, the following requirements also apply with regard to the appraisal and/or VA value notice:

Type Construction

Noise Zone One

Noise Zone Two

Noise Zone Three

Clear Zone

Accident Potential Zone

Proposed

A

A, B, C, D

E

F

A, C, H, I

New/Existing

A

A, D

A, D

A, C, G

A, C, I

Requirement

A

The fee appraiser’s market data analysis must include a consideration of the effect on value, if any, of the property being located near an airport. 

B

Sound attenuation features must be built into the dwelling to bring the interior DNL of the living unit to 45 decibels or less.

C

Available comparable sales must indicate market acceptance of the subdivision in which the property is located.

D

The veteran must sign a statement which indicates his/her awareness that the property being purchased is located in an area near an airport and that aircraft noise may affect livability, value and marketability of the property.

E

Not acceptable as the security for a VA loan unless the project was accepted by VA before noise zone 3 contours were changed to include it.  In that situation, the requirements for proposed construction in noise zone 2 must be met.

F

Not acceptable as the security for a VA loan.

G

The veteran must sign a statement which indicates his/her awareness that the property being purchased is located near the end of an airport runway and that this may have an affect upon livability, safety, value and marketability of the property.

H

The project in which the properties are located must be consistent with the recommendations found in the airport’s Air Installation Compatible Use Zone (AICUZ) report.

I

The veteran must sign a statement which indicates his/her awareness that the property being purchased is located in an accident potential zone and that this may have an affect upon livability, safety, value and marketability of the property.