US HB5923 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 18 2020 - 25% progression, died in committee
Action: 2020-02-18 - Referred to the House Committee on Veterans' Affairs.
Pending: House Veterans' Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Reauthorizes the Department of Veterans Affairs (VA) to guarantee a loan for a veteran's purchase of stock or membership in a cooperative housing corporation for the purpose of entitling the veteran to occupy a single family residential unit. The VA must ensure a loan for the purchase of stock or membership in a cooperative housing corporation is not denied if it has been reviewed and approved by a lender approved by Fannie Mae. The bill also requires the VA to advertise the availability of loan guarantees for housing cooperative share loans to notify eligible veterans, participating lenders, and interested realtors of the availability of such loan guarantees and the procedures and requirements that apply to the obtaining of such guarantees.

Tracking Information

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Title

Fair Access to Co-ops for Veterans Act

Sponsors


History

DateChamberAction
2020-02-18HouseReferred to the House Committee on Veterans' Affairs.
2020-02-18HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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