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]
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.
Title
Fair Access to Co-ops for Veterans Act
Sponsors
Rep. Carolyn Maloney [D-NY] | Rep. Eleanor Norton [D-DC] | Rep. Michael San Nicolas [D-GU] |
History
Date | Chamber | Action |
---|---|---|
2020-02-18 | House | Referred to the House Committee on Veterans' Affairs. |
2020-02-18 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Armed forces and national security
Cooperative and condominium housing
Department of Veterans Affairs
Government information and archives
Government lending and loan guarantees
Housing finance and home ownership
Veterans' loans, housing, homeless programs
Armed forces and national security
Cooperative and condominium housing
Department of Veterans Affairs
Government information and archives
Government lending and loan guarantees
Housing finance and home ownership
Veterans' loans, housing, homeless programs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/5923/all-info |
Text | https://www.congress.gov/116/bills/hr5923/BILLS-116hr5923ih.pdf |