Veterans' Housing and Homeless Amendments of 1990

Summary

Housing and Memorial Affairs Amendments of 1990 - Makes eligible for various veterans' home loan benefits any individual not otherwise eligible for benefits who has completed a total of at least six years of service in the Selected Reserve and who was discharged honorably, placed on the retired list, or transferred to an element of the Ready Reserve other than the Selected Reserve. Defines the amount of loan fee to be paid by a veteran qualifying under the Selected Reserve eligibility provisions. Provides that, as of October 1, 1990: (1) the limitation on the number of homes purchased by the Secretary of Veterans Affairs for which loan guaranty defaults occurred which may be financed by a loan made by the Secretary shall cease to have effect; and (2) the Secretary may sell any note evidencing such a loan with or without recourse if the amount received is not less than the unpaid balance of such loan. Prohibits the Secretary from selling any note evidencing a loan for which the Guaranty and Indemnity Fund is available. Extends such property management provisions through December 31, 1993. Makes permanent (current law expires on March 1, 1991) the authority of the Secretary for default procedures for loans made, guaranteed, or insured by the Department. Extends through FY 1993 (currently, FY 1990) the procedure for real estate appraisals to be followed by the Secretary. Authorizes the Secretary to carry out an administrative reorganization that involves closing the loan guaranty division at the Togus Veteran Affairs Medical and Regional Office Center, Togus, Maine, and transferring such functions to the Manchester Veterans Affairs Regional Office, Manchester, New Hampshire. Provides that, in the making of a claim on a manufactured home on which a loan was made or guaranteed by the Department, the holder of the loan shall have the election of submitting a claim to the Secretary based on the value of the property securing the loan as determined by the Secretary, or on the actual proceeds from the liquidation sale of the property securing the loan. Allows payments of a claim on a guaranty to be made only after the filing of an accounting with the Secretary. Authorizes the Secretary to provide for flat grave markers in the section of the Florida National Cemetery in which replaced grave liners were installed before July 30, 1988. Directs the Secretary, at the request of the Secretary of Housing and Urban Development, to certify whether an applicant for assistance under any law administered by HUD is a veteran. Provides that an applicant for a loan made, guaranteed, or insured by the Department shall not be subject to reporting requirements applicable to requests for, or receipts of, Federal contracts, grants, loans, or cooperative agreements except to the extent that such requirements are provided for in or by the Secretary pursuant to the veterans' housing loan guaranty program. Directs the Secretary to carry out a demonstration project, during FY 1991 and 1992 and in at least two but not more than ten regional offices, for guaranteeing loans in a manner similar to which the Secretary of HUD insures adjustable rate mortgages under applicable provisions of the National Housing Act. Requires a report from the Secretary to the Congress on the implementation of such project.

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Documents

7 official files

• Reported in House (text)

  Reported in House · EN

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• Referred in Senate (text)

  Referred in Senate · EN

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• Introduced in House (text)

  Introduced in House · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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• Passed House amended

  summary · EN · 16 July 1990

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• Reported to House with amendment(s)

  summary · EN · 12 July 1990

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• Introduced in House

  summary · EN · 12 June 1990

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