Improving GI Home Loans: Addressing Challenges and Solutions, 1951-09-01

Item — Box: 27, Folder: 50

Identifier: CAC_CC_047_3_27_50_0004

Staff Only

The letter discusses a new law passed by Congress reducing down payments on GI home loans, but highlights the difficulty veterans face in obtaining these loans due to credit institutions' reluctance to finance homes. The writer questions if the government can make GI loans more attractive to insurance companies and banks, or if they can finance the loans directly. The response acknowledges the issue, but expresses doubt about the feasibility of government financing due to high taxes. The writer appreciates the input and promises to consider possible solutions.

Dates

1951-09-01

Language of Materials

English

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