Bill · H.R. 1803· House(119-HR-1803)
Fair Access to Co-ops for Veterans Act of 2025
- Introduced
- 3/3/2025
- Last activity
- 2/24/2026 — Forwarded by Subcommittee to Full Committee by Voice Vote.
- Sponsored by
- Grace Meng
- Cosponsors
- - 2 - 2
- Introduced
- In Committee
What this bill would do
This bill, known as the "Fair Access to Co-ops for Veterans Act of 2025," aims to improve the Department of Veterans Affairs loan guarantee for purchasing residential cooperative housing units. It updates title 38 of the United States Code to amend how these loans are handled. The legislation requires the Secretary to create specific regulations for underwriting, processing, and project standards. It also establishes a specific fee structure for these loans. Additionally, the bill ensures that cooperative membership is treated as residential property for certain purposes. Finally, it directs the Secretary to advertise the availability of these loan guarantees.
Yes· 3 of 5
Would veterans be better off under this, taking everything together?+7
The bill improves access to residential cooperative housing through specific loan guarantee provisions and advertising requirements.
Does this increase the pay, pensions or support veterans receive?+7
The bill enhances veteran benefits by expanding and clarifying loan guarantees for cooperative housing.
Does this make housing cost less?+6
The bill improves access to residential cooperative housing through new loan guarantee regulations and clarifications.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Improved access to housing through regulations: The Secretary will prescribe regulations for underwriting, loan processing, project standards, and share eligibility, which establishes necessary criteria for these loans (Section 2(a)).
-
Clarification of property status: Stock or membership in a cooperative housing corporation used to occupy a single family residential unit will be treated as residential property (Section 2(d)).
-
Increased awareness of benefits: The Secretary of Veterans Affairs is directed to use authority to advertise the availability of these loan guarantees to eligible veterans, participating lenders, and interested realtors (Section 2(e)).
Potential Negative Impacts for People
- Increased loan costs: For loans guaranteed under section 3710(a)(12), the fee will be the amount determined from the loan fee table plus 3.25 percent of the total loan amount or the unpaid principal balance (Section 2(b)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+7Good For Low Income Households+2
- Social Issues And Justice
- Improves Affordable Housing+6Improves Poverty Reduction+2
- National Security And Foreign Policy
- Improves Veterans Benefits+7
- 2/24/2026
- Subcommittee Consideration and Mark-up Session Held
- Forwarded by Subcommittee to Full Committee by Voice Vote.
- 1 Cosponsor added.
- 10/10/2025
- 1 Cosponsor added.
- 5/7/2025
- 1 Cosponsor added.
- 3/11/2025
- Subcommittee Hearings Held
- 3/10/2025
- Referred to the Subcommittee on Economic Opportunity.
- 3/3/2025
- Referred to the House Committee on Veterans' Affairs.
- 1 Cosponsor added.
- Introduced in House
Steve CohenDemocrat · Tennessee
Brian FitzpatrickRepublican · Pennsylvania
Timothy KennedyDemocrat · New York
Nicole MalliotakisRepublican · New York