S 4505 · 117th Congress · Native Americans

Native American Direct Loan Improvement Act

Introduced 2022-07-12· Sponsored by Sen. Rounds, Mike [R-SD]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Veterans' Affairs.(2022-07-12)

Plain Language Summary

[AI summary unavailable — showing source text] Native American Direct Loan Improvement Act This bill addresses housing and homeownership for Native American veterans. Specifically, the bill revises the Native American Direct Loan program administered by the Department of Veterans Affairs (VA) to (1) allow Native American veterans to refinance existing mortgage loans; and (2) award grants to local service providers for conducting outreach, homebuyer education, housing counseling, risk mitigation, and other technical assistance to assist Native American veterans seeking to qualify for mortgage financing. Additionally, the bill directs the VA to carry out a pilot program to address the feasibility and advisability of making direct housing loans to Native community development financial institutions for relending loan amounts to qualified veterans.…

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

Cosponsors (3)

3 Democrats