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Bill > HR3720


US HR3720

US HR3720
HOME Act of 2025 Heroes Owning and Materializing Equity Act of 2025


summary

Introduced
06/04/2025
In Committee
06/17/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

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.

AI Summary

This bill, known as the Heroes Owning and Materializing Equity Act of 2025 (HOME Act of 2025), makes several improvements to veterans' housing and financial support. First, it expands the Department of Veterans Affairs' (VA) guidance to lenders by adding nonprofit financial service organizations to the list of entities involved in veterans' home loans. The bill also requires the VA to coordinate with nonprofit organizations to offer voluntary financial counseling to veterans purchasing homes through VA-guaranteed loans. Additionally, the bill mandates the creation of a new database listing adapted housing for sale, specifically for disabled veterans, which would help veterans find homes already modified to meet their accessibility needs. Finally, the bill requires the VA to conduct outreach to veterans residing in U.S. territories to inform them about their eligibility for housing and related benefits. These provisions aim to improve veterans' access to housing resources, financial guidance, and support services across different regions of the United States.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (9)

Last Action

House Subcommittee on Economic Opportunity Hearing (14:15:00 7/9/2025 360 CHOB) (on 07/09/2025)

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