Establishes a pilot program for direct housing loans to veterans in rural areas for new home construction.
The Veteran Owner-Builders Rights Act establishes a pilot program for the Secretary of Veterans Affairs to make direct housing loans to veterans in rural areas for new home construction. The program requires the use of domestic lumber for structural components and domestic wood products for non-structural elements. The Secretary must provide blueprints and technical assistance to veterans. The loan must be the veteran's primary residence for at least 24 months, or the loan will be accelerated.
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