Bill > S185

This bill, the Native American Direct Loan Improvement Act of 2023, aims to improve the program for direct housing loans made to Native American veterans by the Department of Veterans Affairs (VA). The key provisions include: 1. Expanding the VA's authority to make direct housing loans to Native American veterans who hold an interest in trust land, including allowing the VA to enter the trust land for evaluation, monitoring, and management purposes. 2. Authorizing the VA to make direct loans to Native American veterans to refinance existing mortgage loans, including to refinance an existing VA loan or to refinance a non-VA loan on the veteran's home. 3. Expanding the VA's outreach program to assist Native American veterans in qualifying for mortgage financing, including by partnering with local service providers and attending industry conferences. 4. Requiring the VA to assign a sufficient number of personnel dedicated to carrying out the direct housing loan program, including construction and valuation specialists. 5. Establishing a new "Native community development financial institution relending program" that allows the VA to make loans to these institutions, which can then relend the funds to qualified Native American veterans for the purchase, construction, or improvement of dwellings on trust land.

Military Affairs and Security

https://www.congress.gov/bill/118th-congress/senate-bill/185/all-info