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Fair Access to Co-ops for Veterans Act

USA116th CongressHR-5923| House 
| Updated: 2/18/2020
Carolyn B. Maloney

Carolyn B. Maloney

Democratic Representative

New York

Cosponsors (2)
Eleanor Holmes Norton (Democratic)Michael F. Q. San Nicolas (Democratic)

Veterans' Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 18, 2020
Introduced in House
Feb 18, 2020
Referred to the House Committee on Veterans' Affairs.
  • February 18, 2020
    Introduced in House


  • February 18, 2020
    Referred to the House Committee on Veterans' Affairs.

Armed Forces and National Security

Administrative law and regulatory proceduresCooperative and condominium housingDepartment of Veterans AffairsGovernment information and archivesGovernment lending and loan guaranteesHousing finance and home ownershipVeterans' loans, housing, homeless programs

Fair Access to Co-ops for Veterans Act

USA116th CongressHR-5923| House 
| Updated: 2/18/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 18, 2020
Introduced in House
Feb 18, 2020
Referred to the House Committee on Veterans' Affairs.
  • February 18, 2020
    Introduced in House


  • February 18, 2020
    Referred to the House Committee on Veterans' Affairs.
Carolyn B. Maloney

Carolyn B. Maloney

Democratic Representative

New York

Cosponsors (2)
Eleanor Holmes Norton (Democratic)Michael F. Q. San Nicolas (Democratic)

Veterans' Affairs Committee

Armed Forces and National Security

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresCooperative and condominium housingDepartment of Veterans AffairsGovernment information and archivesGovernment lending and loan guaranteesHousing finance and home ownershipVeterans' loans, housing, homeless programs