HR 1803
Fair Access to Co-ops for Veterans Act of 2025
Summary
Fair Access to Co-ops for Veterans Act of 2025 This bill revives and makes permanent the authority of the Department of Veterans Affairs (VA) home loan guarantee program to guarantee loans for a veteran’s purchase of stock or membership in a cooperative housing corporation (i.e., co-op) for the purpose of entitling the veteran to occupy a single family residential unit. For purposes of the administration of such loans, the bill establishes a fee rate of the usual fee plus 3.25% of the total amount of the loan, treats such cooperative housing units as residential property for purposes of imposing restrictions and liabilities, and guarantees up to 25% of the amount of the loan for loans exceeding $144,000. Additionally, the bill requires the VA to advertise the availability of loan guarantees for cooperative housing unit loans, including by issuing guidance and notifying eligible veterans.
Bill status
- Status
- In committee
- Sponsor
- Rep. Grace Meng [D-NY-6]
- Cosponsors
- 4
- Policy area
- Armed Forces and National Security
- Introduced
- 2025-03-03
- Latest action
- 2026-02-24: Forwarded by Subcommittee to Full Committee by Voice Vote.
Committee referrals
Recent actions
- 2026-02-24: Forwarded by Subcommittee to Full Committee by Voice Vote.
- 2026-02-24: Subcommittee Consideration and Mark-up Session Held
- 2025-03-11: Subcommittee Hearings Held
- 2025-03-10: Referred to the Subcommittee on Economic Opportunity.
- 2025-03-03: Referred to the House Committee on Veterans' Affairs.