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HR 5923 116th 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

Fair Access to Co-ops for Veterans Act

Introduced: February 18, 2020 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
Feb 18, 2020
Referred to the House Committee on Veterans' Affairs.
Feb 18, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Fair Access to Co-ops for Veterans Act

This bill 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.

What's happening now February 18, 2020

Referred to the House Committee on Veterans' Affairs.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1