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United States · Bill · HR

H.R. 3039 (105th)

Veterans Transitional Housing Opportunities Act of 1998

openUnited States· United States Congress· EN

Introduced

13 November 1997

Last action

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Status

See H.R.4110.

Sponsors

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Subjects

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Source updated

7 April 2025

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Summary

Veterans Transitional Housing Opportunities Act of 1997 - Authorizes the Secretary of Veterans Affairs to guarantee the full or partial repayment of loans for the provision of multifamily transitional housing (MTH) for homeless veterans. Sets a maximum of 15 of such loans, a maximum loan guarantee amount of $100 million, and a loan guarantee period of three years. Outlines provisions concerning: (1) loan requirements; (2) requirements for veterans being provided MTH assistance; and (3) loan default procedures. Establishes the Multifamily Transitional Housing Guarantee Fund for the deposit and receipt of funds for the payment of such loan guarantees. Requires each MTH project to be audited during its first three years of operation. Authorizes the Secretary of the Treasury to invest the National Service Life Insurance Fund in certain securities and specifies the use of the proceeds.

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Documents

11 official files

Referred in Senate (text)

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