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 veterans who have not previously purchased a dwelling unit and 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 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.
Introduced in House
Introduced in House
Referred to House Committee on Veterans' Affairs.
Executive Comment Requested from VA.
Executive Comment Received From VA.
Referred to Subcommittee on Housing and Memorial Affairs.
Subcommittee Hearings Held.
Executive Comment Received From VA.
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