Detailed Summary

Veterans Homelessness Prevention Act - Requires the Secretary of Housing and Urban Development (HUD) to establish a pilot program to provide assistance to private nonprofit organizations and consumer cooperatives to expand the supply of supportive housing for certain very low-income veteran families.

Allows such assistance to be in the form of: (1) a grant for costs of planning a supportive housing project; (2) a capital advance for such project; and (3) project rental assistance.

Requires the Secretary of Veterans Affairs to: (1) ensure that any housing assistance provided to veterans or veteran families includes a range of specified services tailored to the needs of very low-income veteran families; and (2) provide financial assistance for such services.

Requires HUD periodically to establish development cost limitations by market area for various types and sizes of such supportive housing.

Establishes a special housing account.

Requires the owner of such supportive housing to adopt HUD-approved tenant selection procedures.

Status of the Legislation

Latest Major Action: 11/8/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Points in Favor

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Points Against

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