Summary: H.R.3039 — 105th Congress (1997-1998)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House amended (05/19/1998)

Veterans Transitional Housing Opportunities Act of 1998 - Authorizes the Secretary of Veterans Affairs to guarantee the full or partial repayment of loans for the provision of multifamily transitional housing (MTH) for homeless veterans. Sets a maximum aggregate amount of $100 million and a maximum number of 15 such loans that may be guaranteed, not more than five of which may be guaranteed during the first three years after enactment of this Act. Outlines provisions concerning: (1) loan requirements; (2) requirements for veterans being provided MTH assistance; and (3) loan default procedures.

Requires each MTH project to be audited during its first three years of operation.