To amend title 38, United States Code, to improve and make permanent the Department of Veterans Affairs loan guarantee for the purchase of residential cooperative housing units, and for other purposes.

Summary

Revises the Department of Veterans Affairs (VA) program which guarantees veterans' loans for the purchase of residential cooperative housing to remove a provision which limits to five years after a loan is guaranteed the use of loan proceeds to purchase stock or membership in a cooperative housing corporation. Directs the Secretary of Veterans Affairs to ensure that a loan used for such purchase in a corporation that has been reviewed and approved by a lender approved by the Federal National Mortgage Association (FNMA, a/k/a Fannie Mae) is not denied solely because such corporation: (1) is not preapproved by FNMA; or (2) is an affordable limited equity cooperative.

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

Timeline

1. 21 December 2010

   Introduced

   Referred to the House Committee on Veterans' Affairs.

   Source: IntroReferral

2. 21 December 2010

   Introduced

   Sponsor introductory remarks on measure. (E2224)

   Source: IntroReferral

3. 21 December 2010

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 December 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 December 2010 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 December 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 December 2010

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 December 2010

  Open at official source

Sponsors

• CAROLYN MALONEY · D · Sponsor
• · hsvr00 · Standing

Related records

No cross-record relationships stored yet.