119th Congress Armed Forces and National Security
H.R. 1803: Fair Access to Co-ops for Veterans Act of 2025
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Read the full summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Nicole Malliotakis R-NYOriginal
- Brian Fitzpatrick R-PA
- Steve Cohen D-TN
- Timothy Kennedy D-NY
Who scored on this bill
- 1Grace Meng SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Grace Meng
History
- Introduced in the House by Grace Meng.
Show the full action history (6 actions)
- Subcommittee Consideration and Mark-up Session Held
- Forwarded by Subcommittee to Full Committee by Voice Vote.
- Subcommittee Hearings Held
- Referred to the Subcommittee on Economic Opportunity.
- Introduced in House
- Referred to the House Committee on Veterans' Affairs.