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HR 2222 100th Congress House Armed Forces and National Security Foreclosure Housing and Community Development Housing and Housing Finance Housing finance Mortgage loans Veterans' loans

Veterans' Housing Benefits Amendments of 1987

Introduced: April 29, 1987 Introduced by: Smith, Christopher H. Republican · New Jersey See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 1987
Referred to House Committee on Veterans' Affairs.
Apr 29, 1987
Introduced in House
 Plain-English summary Congressional Research Service

Veterans' Housing Benefits Amendments of 1987 - Authorizes the Administrator of Veterans Affairs to provide mortgage assistance to veterans with loans guaranteed by the Veterans Administration in order to avoid foreclosure of such loans. Provides that such assistance shall be in the form of a loan to the veteran not to exceed $8,400.

Provides that such assistance may be provided only if: (1) the dwelling that secures the primary loan is the current residence of the veteran; (2) the veteran is at least six months delinquent in payments on the primary loan; (3) the veteran is unemployed or has had a substantial reduction in household income through no fault of the veteran; and (4) the Administrator determines that there is a reasonable prospect that the veteran will resume payment on the primary loan within six months after receiving such assistance.

What's happening now April 29, 1987

Referred to House Committee on Veterans' Affairs.

 Committees of jurisdiction 1