Home Loan Guaranty Program And Draft Legislation to Enhance This Program Heari
Home Loan Guaranty Program And Draft Legislation to Enhance This Program Heari
United States Congress House Committee On Veter
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Mr. DeCesaris. DeCesaris is correct, Mr. Chairman. Mr. Sangmeister. Okay. Thank you very much, you may pro- ceed. STATEMENT OF GEATON DECESARIS, JR. Mr. DeCesaris. Thank you. Good morning, Chairman Sangmeister and Representative Kreidler. My name is Geaton DeCesaris, and I am the president and CEO of Washington Homes, Inc. Of Landover, MD. I have been a home builder in the Washington, DC metropolitan area for over 20 years. My company has built over 16, 000 homes in the Washington, DC metropoli...tan area, primarily for the first-time home buyer. Of those 16, 000 homes, approximately 6, 000 were sold through the VA Home Loan Guaranty Program. In the last 5 years alone out of approximately 4, 000 homes we sold, approximately 1, 300 were sold through the VA. If it was not for this program, we esti- mate that one-half or approximately 650 veterans would not have had the opportunity to realize the American dream of homeowner- ship. 31 It is my privilege today to represent the views of the National Association of Home Builders, representing more than 170, 000 member firms.
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