Veterans' Housing Benefits Amendments of 1987

Summary

Veterans' Housing Benefits Amendments of 1987 - 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 29 April 1987

   Introduced

   Referred to House Committee on Veterans' Affairs.

   Source: IntroReferral

2. 29 April 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 April 1987

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 29 April 1987

  Open at official source

Sponsors

• Christopher Smith · R · Sponsor
• · hsvr00 · Standing

Related records

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