[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1960 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1960

  To amend the Community Reinvestment Act of 1977 to allow community 
  reinvestment credit for investments and other financial support to 
      enable veterans to purchase residential homes or to assist 
   organizations with the establishment of housing opportunities and 
                assisted living facilities for veterans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 19, 2007

   Mr. Lynch (for himself and Mr. Al Green of Texas) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Community Reinvestment Act of 1977 to allow community 
  reinvestment credit for investments and other financial support to 
      enable veterans to purchase residential homes or to assist 
   organizations with the establishment of housing opportunities and 
                assisted living facilities for veterans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``A Home for the Brave Act''.

SEC. 2. COMMUNITY REINVESTMENT CREDITS FOR CERTAIN SUPPORT FOR 
              VETERANS.

    Section 804 of the Community Reinvestment Act of 1977 (12 U.S.C. 
2903) is amended by adding at the end the following new subsection:
    ``(d) Homes for Veterans.--In assessing and taking into account, 
under subsection (a), the record of a financial institution, the 
appropriate Federal financial supervisory agency shall consider, as a 
factor, capital investments, low interest loans, loan participation, 
technical assistance, and grants by the institution to support or 
enable--
            ``(1) any veteran (as such term is defined in section 101 
        of title 38, United States Code) to purchase a home for use as 
        the principal residence of the veteran; and
            ``(2) any entity that is establishing housing opportunities 
        or assisted living facilities for veterans to carry out such 
        activities.''.
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