PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4682)
Congressional Research Service
Version 00 · Introduced in Senate · Jun 27, 2012
Authorizes the Secretary of Veterans Affairs, with respect to loans guaranteed by the Department of Veterans Affairs (VA) for multifamily transitional housing for veterans and their families, to: (1) pay the guarantee amount, in full or in part, if the loan is not in default; and (2) forgive, waive, release, or discharge (waive) the borrower's liability with respect to the loan.
Provides that the amount paid or waived: (1) shall not be included in the borrower's gross income; and (2) with respect to the low-income housing credit, shall not be treated as an amount derived from a federal grant and shall not otherwise reduce the borrower's depreciable or eligible basis for such housing project.
People & committees
Sen. Durbin, Richard J. [D-IL] · D–IL
Legislative record
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Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4682)
Introduced in Senate
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Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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