Fair Access to Co-ops for Veterans Act of 2025
- Last Action
- 2/24/2026
Actions
- 2026-02-24Forwarded by Subcommittee to Full Committee by Voice Vote.
- 2026-02-24Subcommittee Consideration and Mark-up Session Held
- 2025-03-11Subcommittee Hearings Held
- 2025-03-10Referred to the Subcommittee on Economic Opportunity.
- 2025-03-03Referred to the House Committee on Veterans' Affairs.
- 2025-03-03Introduced in House
- 2025-03-03Introduced in House
CRS Summary
As of 2025-03-03 (00)
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.
Cosponsors (4)
- Nicole Malliotakis (R-NY)
- Brian Fitzpatrick (R-PA)
- Steve Cohen (D-TN)
- Timothy Kennedy (D-NY)
Subjects
- Administrative law and regulatory procedures
- Cooperative and condominium housing
- Department of Veterans Affairs
- Government lending and loan guarantees
- Marketing and advertising
- User charges and fees
- Veterans' loans, housing, homeless programs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.