[Congressional Record (Bound Edition), Volume 155 (2009), Part 9]
[Extensions of Remarks]
[Page 12058]
[From the U.S. Government Publishing Office, www.gpo.gov]




     INTRODUCTION OF THE VETERANS HOME LOAN IMPROVEMENT ACT OF 2009

                                 ______
                                 

                          HON. EARL BLUMENAUER

                               of oregon

                    in the house of representatives

                         Thursday, May 7, 2009

  Mr. BLUMENAUER. Madam Speaker, today I am introducing the bipartisan 
``Veterans Home Loan Improvement Act of 2009'' along with Reps. Bob 
Filner (CA), Susan Davis (CA), Kurt Schrader (OR), Greg Walden (OR) 
Peter DeFazio (OR), David Wu (OR), Ron Kind (WI), Steve Kagen (WI), Al 
Green (TX), and Don Young (AK). 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.

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