Home Ownership for America's Veterans Act of 2007
Last action on Jan 18, 2007Referred to the House Committee on Ways and Means.
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Summary
The Home Ownership for America's Veterans Act of 2007 (H.R. 551) aims to make it easier for veterans to access affordable home financing by updating federal tax rules regarding state-issued veteran mortgage bonds. The bill would extend the eligibility period for veterans to apply for these low-interest loans and implement annual inflation adjustments to the funding limits for state veteran bond programs. If enacted, these changes would help ensure that the amount of available mortgage assistance keeps pace with rising home prices, providing more veterans with the opportunity to purchase a home.
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