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Improving Housing Loans for Native American Veterans on Trust Land.

This law significantly improves the VA's direct housing loan program for Native American veterans living on trust land. It expands refinancing options for existing mortgages and establishes a new relending program through Native community financial institutions (CDFIs) to increase access to funds for home purchase, construction, or improvement. The changes aim to make the process more flexible and better supported by specialized VA staff.
Key points
Veterans gain expanded options to refinance existing mortgages, including refinancing for lower interest rates or funding energy efficiency improvements.
A new relending program is created, allowing the VA to provide low-interest loans to Native CDFIs, which then lend the money directly to veterans on trust land.
The VA must hire more dedicated personnel, including construction and valuation specialists, to address unique challenges related to building and renovating homes on trust land.
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Expired
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Additional Information
Print number: 118_S_185
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2023-01-31
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Native American Direct Loan Improvement Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_185.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-31.

What are the main provisions?

Key points include:

  • Veterans gain expanded options to refinance existing mortgages, including refinancing for lower interest rates or funding energy efficiency improvements.
  • A new relending program is created, allowing the VA to provide low-interest loans to Native CDFIs, which then lend the money directly to veterans on trust land.
  • The VA must hire more dedicated personnel, including construction and valuation specialists, to address unique challenges related to building and renovating homes on trust land.
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: Committee on Veterans' Affairs. Ordered to be reported without amendment favorably.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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Benefits Real Estate