Decision To Close the Sacramento Loan Guaranty Office and Planned Study of Other Loan Guaranty Operations

The Veterans Administration (VA) administers its loan guaranty program through the Department of Veterans Benefits (DVB). VA is authorized to make loans directly to veterans in rural areas, small cities, and towns where private credit for VA-guaranteed home loans is not generally available. DVB maintains 58 regional offices, of which 49 have a loan guaranty division. Of these 49 regional offices, 11 maintain small satellite loan guaranty operations in distant locations within their respective regional jurisdictions. As of January 1979, there were 15 satellite offices staffed with from 1 to as many as 36 positions. At that time, the San Francisco regional office had three satellite offices, one each in Sacramento and Fresno, California, and in Reno, Nevada. A review was made of the VA decision to close the loan guaranty satellite office in Sacramento and to consolidate the operations and staff at that office with the VA San Francisco regional office.