To amend title 38, United States Code, to extend the duration of the pilot program providing for interest buy down authority, and for other purposes.
"Let Our Military Personnel Buy a Home" Act of 1997 - Extends through FY 2000 a pilot program under which the Secretary of Veterans Affairs may make payments on behalf of eligible veterans for buying down the interest rate on Federally-guaranteed veterans' loans for housing within housing shortage areas at military installations. Makes $25 million available from the Department of Defense during each of FY 1998 through 2000 for such purpose.
Introduced in House
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Referred to the Subcommittee on Benefits.
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