To amend title 38, United States Code, to extend certain veterans housing provisions, and for other purposes.
Extends through December 31, 1998, the authority of the Secretary of Veterans Affairs to: (1) establish the fees to be charged to eligible veterans for housing loans guaranteed by the Department of Veterans Affairs (guaranteed loans); (2) guarantee loans made to veterans for energy efficiency improvements; (3) guarantee the payment of principal and interest in a pool of mortgage loans made in connection with the sale of Department-guaranteed properties; (4) carry out real property appraisals in connection with the guaranteed loan program; and (5) carry out a program providing housing assistance for homeless veterans. Extends through FY 1998 the Secretary's authority to carry out a demonstration program providing adjustable rate mortgages for guaranteed loans.
For Further Action See H.R.2289.