HR 1803 · Fair Access to Co-ops for Veterans Act of 2025
Forwarded by Subcommittee to Full Committee by Voice Vote.
- Introduced
- Mar 3, 2025
- Latest action
- Feb 24, 2026
- Sponsor
- Rep. Grace Meng [D-NY-6]
- Policy area
- Armed Forces and National Security
- Cosponsors
- 4
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.
Recent actions
- Feb 24, 2026 Forwarded by Subcommittee to Full Committee by Voice Vote.
- Feb 24, 2026 Subcommittee Consideration and Mark-up Session Held
- Mar 11, 2025 Subcommittee Hearings Held
- Mar 10, 2025 Referred to the Subcommittee on Economic Opportunity.
- Mar 3, 2025 Referred to the House Committee on Veterans' Affairs.
- Mar 3, 2025 Introduced in House
- Mar 3, 2025 Introduced in House
Votes
No recorded votes are available for this bill.