Veterans' Housing Benefits Amendments of 1985

Summary

Veterans' Housing Benefits Amendments of 1985 - Authorizes the Administrator of Veterans Affairs to provide mortgage assistance to veterans with loans guaranteed by the Veterans Administration in order to avoid foreclosure of such loans. Provides that such assistance shall be in the form of a loan to the veteran not to exceed $8,400. Provides that such assistance may be provided only if: (1) the dwelling that secures the primary loan is the current residence of the veteran; (2) the veteran is at least six months delinquent in payments on the primary loan; (3) the veteran is unemployed or has had a substantial reduction in household income through no fault of the veteran; and (4) the Administrator determines that there is a reasonable prospect that the veteran will resume payment on the primary loan within six months after receiving such assistance.

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1 official file

• Introduced in House

  summary · EN · 18 April 1985

  Open at official source

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