[Congressional Record Volume 151, Number 160 (Wednesday, December 14, 2005)]
[Extensions of Remarks]
[Page E2528]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          REINTRODUCTION OF THE VETERANS HOUSING FAIRNESS ACT

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                        HON. CAROLYN B. MALONEY

                              of new york

                    in the house of representatives

                      Wednesday, December 14, 2005

  Mrs. MALONEY. Mr. Speaker, today I reintroduce legislation that 
allows veterans to use their guaranteed VA loans to purchase co-
operative housing units. FHA and other government agencies already have 
programs to give loans for co-operative residential units, and most 
banks accept co-operative shares as collateral. The Department of 
Veterans Affairs should do the same. For many veterans who live in 
communities where co-operative housing is common or where the cost of 
houses and condominiums can be high, a co-operative residential unit is 
an affordable alternative.

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