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Newspaper
Big Piney Examiner
Location
Big Piney, Wyoming, United States of America
Date
Sep 02, 1954
Page
2
Veterans can access supplemental loans for major alterations repairs and improvements to GI homes through streamlined VA procedures. The Housing Act of 1954, effective August 2 1954, broadens eligibility for World War II and post Korea veterans to use unused GI loan entitlements for home improvements.
The Housing Act of 1954 allows supervised lenders to process supplemental GI home improvement loans without prior VA clearance, expanding guaranty coverage and targeting veterans with depleted entitlement. The move, benefiting lenders under state or federal supervision, aims to spur demand as veterans’ earnings rise and families grow.
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