United StatesFair Access to Co-ops for Veterans Act of 2025
What it does
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.
More detail
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 24Subcommittee Consideration and Mark-up Session HeldLatest
- Feb 24Forwarded by Subcommittee to Full Committee by Voice Vote.
- 2025
- Mar 11Subcommittee Hearings Held
- Mar 10Referred to the Subcommittee on Economic Opportunity.
- Mar 3Introduced in House
- Mar 3Referred to the House Committee on Veterans' Affairs.Introduced