[Congressional Record Volume 157, Number 56 (Friday, April 15, 2011)]
[Extensions of Remarks]
[Page E744]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       INTRODUCTION OF THE ``VETERANS HOME LOAN IMPROVEMENT ACT''

                                  _____
                                 

                          HON. EARL BLUMENAUER

                               of oregon

                    in the house of representatives

                         Friday, April 15, 2011

  Mr. BLUMENAUER. Mr. Speaker, today I am introducing the bipartisan 
``Veterans Home Loan Improvement Act of 2011'' along with Reps. Tammy 
Baldwin, Brian Bilbray, Susan Davis, Peter DeFazio, Bob Filner, John 
Garamendi, Al Green, Sheila Jackson Lee, Kurt Schrader, Greg Walden, 
David Wu, and Don Young. Together we represent each of the states that 
would benefit from an expansion of the Qualified Veterans Mortgage Bond 
program.
  This program was originally created after World War II to promote 
homeownership among our returning troops. Together, our states offer 
veterans mortgage loans at more favorable interest rates as a reward 
for their service to our Nation. As part of a comprehensive review of 
veterans' services in the state of Oregon, the Oregon Governor's 
Veterans Task Force recommended a further expansion of this highly 
effective program.
  This Act is based on one particularly timely recommendation to expand 
eligibility for our state programs and bring affordable mortgages to an 
additional 264,000 veterans. I look forward to continuing to work on 
behalf of Oregon and the nation's veterans to ensure that we provide 
the best possible quality of care and service, and so that we can make 
this a true lifetime benefit for all qualified veterans.

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