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Improvements to Housing Loans for Native American Veterans

This act expands the direct housing loan program for Native American veterans, allowing them to refinance existing mortgages. It also establishes a pilot program enabling Native community development financial institutions to relend housing loan amounts to veterans, aiming to improve access to financing and homebuyer education.
Key points
Native American veterans can now refinance existing mortgage loans through direct government loans.
The program expands outreach by providing grants to local service providers, including tribal organizations, for homebuyer education and technical assistance.
A pilot program is introduced, allowing Native community development financial institutions to provide housing loans to veterans, with a low 1% interest rate for these institutions.
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Expired
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Additional Information
Print number: 117_S_4505
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2022-07-12
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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

Native American Direct Loan Improvement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4505.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-12.

What are the main provisions?

Key points include:

  • Native American veterans can now refinance existing mortgage loans through direct government loans.
  • The program expands outreach by providing grants to local service providers, including tribal organizations, for homebuyer education and technical assistance.
  • A pilot program is introduced, allowing Native community development financial institutions to provide housing loans to veterans, with a low 1% interest rate for these institutions.
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 Sen. Rounds, Mike [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Benefits Real Estate