Fair Access to Co-ops for Veterans Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 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.
What just happenedFeb 18, 2020
Referred to the House Committee on Veterans' Affairs.
Who’s behind it
- Introduced in HouseFeb 18, 2020
- Feb 18, 2020IntroReferralH11100
Referred to the House Committee on Veterans' Affairs.
Veterans' Affairs Committee - Feb 18, 2020IntroReferralIntro-H
Introduced in House
- Feb 18, 2020IntroReferral1000
Introduced in House