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To amend title 38, United States Code, to make certain improvements in the guidance provided by the Department of Veterans Affairs to lenders regarding the sufficiency of veterans' residual income, and for other purposes.
Summary
This bill makes improvements to Department of Veterans Affairs housing programs and services. The bill requires the VA to coordinate with nonprofit veteran advocacy organizations to offer voluntary financial counseling to veterans purchasing homes with VA-guaranteed loans and adds nonprofit financial service organizations to those that can provide guidance to lenders on veterans' residual income. The bill directs the VA to develop a database of residences for sale that have been adapted for disabled veterans, which sellers can elect to include and disabled veterans can access when interested in purchasing adapted homes. The bill also requires the VA to conduct outreach to veterans residing in U.S. territories regarding their eligibility for VA housing adaptation benefits. These provisions are intended to improve access to information and resources for veterans seeking to purchase or adapt homes.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
8 cosponsors
- Del. Moylan, James C. [R-GU-At Large] (R-GU)
- Del. Radewagen, Aumua Amata Coleman [R-AS-At Large] (R-AS)
- Rep. Barrett, Tom [R-MI-7] (R-MI)
- Rep. Ciscomani, Juan [R-AZ-6] (R-AZ)
- Rep. Guest, Michael [R-MS-3] (R-MS)
- Rep. Pfluger, August [R-TX-11] (R-TX)
- Rep. Van Orden, Derrick [R-WI-3] (R-WI)
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
Actions (3)
- Jun 17, 2025 Referred to the Subcommittee on Economic Opportunity. · house
- Jun 4, 2025 Referred to the House Committee on Veterans' Affairs. · house
- Jun 4, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
June 4, 2025
Ms. King-Hinds (for herself and Mr. Van Orden) introduced the following bill; which was referred to the Committee on Veterans’ Affairs
A BILL
To amend title 38, United States Code, to make certain improvements in the guidance provided by the Department of Veterans Affairs to lenders regarding the sufficiency of veterans’ residual income, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Heroes Owning and Materializing Equity Act of 2025” or the “HOME Act of 2025”.
SEC. 2. IMPROVEMENT OF DEPARTMENT OF VETERANS AFFAIRS GUIDANCE TO LENDERS ON SUFFICIENCY OF VETERANS’ RESIDUAL INCOME.
Section 3710(i) of title 38, United States Code, is amended—
(1) in paragraph (3)(A)—
(A) in clause (viii), by striking “and” at the end;
(B) by redesignating clause (ix) as clause (x); and
(C) by inserting after clause (viii) the following new clause (ix):
“(ix) nonprofit financial service organizations; and”; and
(2) by adding at the end the following new paragraph:
“(6) The Secretary shall coordinate with nonprofit organizations that advocate for veterans to offer financial counseling, on a voluntary basis, to veterans who are purchase homes using loans guaranteed under this chapter.”.
SEC. 3. DATABASE OF ADAPTED HOUSING FOR SALE.
Section 2101 of title 38, United States Code, is amended by—
(1) redesignating subsection (c) as subsection (d); and
(2) inserting after subsection (b) the following new subsection (c):
“(c) Database.—(1) The Secretary shall develop a database that includes a list of residences that—
“(A) are for sale;
“(B) have been adapted for a disabled veteran under this section; and
“(C) the seller of which elects to include in the database.
“(2) The shall make such database available to a disabled veteran who is interested in purchasing a residence adapted under this section.”.
SEC. 4. OUTREACH TO VETERANS RESIDING IN UNITED STATES TERRITORIES.
Section 2101A of title 38, United States Code, is amended—
(1) by redesignating subsection (d) as subsection (e); and
(2) by inserting after subsection (c) the following new subsection (d):
“(d) Outreach to Veterans Residing in Territories.—The Secretary shall conduct outreach to veterans who reside in Territories of the United States regarding eligibility for benefits under this section.”. <all>
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