HR 3721 · 100th Congress · Armed Forces and National Security

A bill to provide for discounted sales to Vietnam era veterans of homes held for an extended time by the Veterans' Administration.

Introduced 1987-12-08· Sponsored by Rep. Sundquist, Don [R-TN-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Veterans' Affairs.(1987-12-08)

Plain Language Summary

[AI summary unavailable — showing source text] Authorizes the Administrator of Veterans Affairs to establish a program for the discounted sale of real property, manufactured homes, and lots to which a manufactured home is affixed which have been acquired by foreclosure and held for an extended time by the Veterans Administration. Limits such sales to Vietnam era veterans who are eligible for housing loan benefits. Allows such property to be sold at: (1) not less than 80 percent of the regular price for property offered for sale for at least three months but less than seven months; (2) not less than 75 percent of the regular price of property offered for sale for at least seven months but less than a year; and (3) not less than 70 percent of the regular price for property offered for sale for at least one year.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (10)

4 Democrats6 Republicans