Bill
Bill > HR3720
summary
Introduced
06/04/2025
06/04/2025
In Committee
06/17/2025
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)
Kim King (R)*,
Tom Barrett (R),
Juan Ciscomani (R),
Michael Guest (R),
Jim Moylan (R),
August Pfluger (R),
Amata Radewagen (R),
Derrick Van Orden (R),
Eugene Vindman (D),
Last Action
House Subcommittee on Economic Opportunity Hearing (14:15:00 7/9/2025 360 CHOB) (on 07/09/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/3720/all-info |
| BillText | https://www.congress.gov/119/bills/hr3720/BILLS-119hr3720ih.pdf |
Loading...