HR 3277
112th Congress
House
Armed Forces and National Security
Administrative law and regulatory procedures
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
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.
Introduced: October 27, 2011
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 2011
Referred to the Subcommittee on Economic Opportunity.
Oct 27, 2011
Referred to the House Committee on Veterans' Affairs.
Oct 27, 2011
Sponsor introductory remarks on measure. (CR E1955)
Oct 27, 2011
Introduced in House
Plain-English 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 (Fannie Mae) is not denied.
Authorizes the Secretary to advertise the availability of such loan guarantees.
What's happening now
Referred to the Subcommittee on Economic Opportunity.
Committees of jurisdiction
2