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Easier Veteran Access to Cooperative Housing Loans

This act aims to make it easier for veterans to obtain loan guarantees from the Department of Veterans Affairs for purchasing cooperative housing units. Changes include removing time limits for these guarantees, introducing new loan fees, and treating cooperative housing shares as residential property. This should increase housing accessibility for veterans.
Key points
Veterans will have permanent access to loan guarantees for cooperative housing purchases, without time limits.
An additional fee of 3.25% of the loan amount will be applied for cooperative housing guarantees.
Shares in cooperative housing corporations will be treated as residential property, simplifying loan processes.
The Department of Veterans Affairs will actively advertise the availability of these loan guarantees.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1803
Sponsor: Rep. Meng, Grace [D-NY-6]
Process start date: 2025-03-03
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fair Access to Co-ops for Veterans Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1803.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-03.

What are the main provisions?

Key points include:

  • Veterans will have permanent access to loan guarantees for cooperative housing purchases, without time limits.
  • An additional fee of 3.25% of the loan amount will be applied for cooperative housing guarantees.
  • Shares in cooperative housing corporations will be treated as residential property, simplifying loan processes.
  • The Department of Veterans Affairs will actively advertise the availability of these loan guarantees.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Meng, Grace [D-NY-6].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Opportunity.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Benefits Real Estate