[Congressional Record (Bound Edition), Volume 151 (2005), Part 21]
[Extensions of Remarks]
[Page 28437]
[From the U.S. Government Publishing Office, www.gpo.gov]




          REINTRODUCTION OF THE VETERANS HOUSING FAIRNESS ACT

                                 ______
                                 

                        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.

                          ____________________