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S 4505 117th Congress Senate Native Americans

Native American Direct Loan Improvement Act

Introduced: July 12, 2022 Introduced by: Rounds, Mike Republican · South Dakota 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
Jul 12, 2022
Read twice and referred to the Committee on Veterans' Affairs.
Jul 12, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

Native American Direct Loan Improvement Act

This bill addresses housing and homeownership for Native American veterans.

Specifically, the bill revises the Native American Direct Loan program administered by the Department of Veterans Affairs (VA) to (1) allow Native American veterans to refinance existing mortgage loans; and (2) award grants to local service providers for conducting outreach, homebuyer education, housing counseling, risk mitigation, and other technical assistance to assist Native American veterans seeking to qualify for mortgage financing.

Additionally, the bill directs the VA to carry out a pilot program to address the feasibility and advisability of making direct housing loans to Native community development financial institutions for relending loan amounts to qualified veterans.

What's happening now July 12, 2022

Read twice and referred to the Committee on Veterans' Affairs.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2