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Veterans' Housing: Permanent Loan Guarantees for Co-op Purchases

This act makes it easier for veterans to access loans for purchasing cooperative housing units by making the loan guarantee program permanent. This provides veterans with more opportunities to own a home, with clear rules for loan approval, enhancing transaction security.
Key points
The loan guarantee program for veterans buying cooperative housing becomes permanent, removing time limits.
The Department of Veterans Affairs must establish clear rules for these loans, ensuring transparency and security.
The Department will actively inform veterans, lenders, and realtors about the availability of these loan guarantees.
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Additional Information
Print number: 117_HR_8668
Sponsor: Rep. Maloney, Carolyn B. [D-NY-12]
Process start date: 2022-08-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fair Access to Co-ops for Veterans Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8668.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-08-05.

What are the main provisions?

Key points include:

  • The loan guarantee program for veterans buying cooperative housing becomes permanent, removing time limits.
  • The Department of Veterans Affairs must establish clear rules for these loans, ensuring transparency and security.
  • The Department will actively inform veterans, lenders, and realtors about the availability of these loan guarantees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Maloney, Carolyn B. [D-NY-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Veterans' Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Real Estate