Bill · H.R. 3720· House(119-HR-3720)
HOME Act of 2025
- Introduced
- 6/4/2025
- Last activity
- 6/17/2025 — Referred to the Subcommittee on Economic Opportunity.
- Sponsored by
- Kimberlyn King-Hinds
- Cosponsors
- - 8 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Heroes Owning and Materializing Equity Act of 2025," aims to amend title 38 of the United States Code. It seeks to improve guidance provided by the Department of Veterans Affairs to lenders concerning the sufficiency of veterans' residual income. The legislation includes provisions to incorporate nonprofit financial service organizations into existing guidance. Additionally, it directs the Secretary to develop a database for residences that have been adapted for disabled veterans. Finally, it mandates outreach to veterans residing in United States Territories regarding certain benefits.
Yes· 3 of 6
Would veterans be better off under this, taking everything together?+8
The bill provides specific improvements to financial counseling, housing databases, and outreach for veterans.
Does this increase the pay, pensions or support veterans receive?+7
The bill enhances veteran benefits through housing assistance, counseling, and increased outreach.
Would people with disabilities be better off under this?+6
The bill creates a database to assist disabled veterans in finding adapted homes.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expanded Financial Guidance: By adding "nonprofit financial service organizations" to the guidance for lenders, the bill expands the types of organizations involved in assessing a veteran's residual income (Section 2).
-
Financial Counseling for Home Buyers: The Secretary is required to coordinate with nonprofit organizations to offer voluntary financial counseling to veterans purchasing homes with guaranteed loans (Section 2).
-
Access to Adapted Housing Information: The Secretary must develop a database of residences that have been adapted for disabled veterans and are for sale, which will be made available to interested disabled veterans (Section 3).
-
Increased Awareness in Territories: The Secretary is tasked with conducting outreach to veterans living in United States Territories regarding their eligibility for benefits (Section 4).
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text.
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+8Good For People With Disabilities+6
- Social Issues And Justice
- Improves Disability Rights+6Improves Affordable Housing+5
- National Security And Foreign Policy
- Improves Veterans Benefits+7
- Economy And Finance
- Improves Consumer Protection+5
- 10/9/2026
- 1 Cosponsor added.
- 2/24/2026
- 1 Cosponsor added.
- 2/2/2026
- 1 Cosponsor added.
- 12/4/2025
- 1 Cosponsor added.
- 6/24/2025
- 1 Cosponsor added.
- 6/17/2025
- Referred to the Subcommittee on Economic Opportunity.
- 1 Cosponsor added.
- 6/9/2025
- 1 Cosponsor added.
- 6/6/2025
- 1 Cosponsor added.
- 6/4/2025
- Referred to the House Committee on Veterans' Affairs.
- 1 Cosponsor added.
- Introduced in House
Tom BarrettRepublican · Michigan
Juan CiscomaniRepublican · Arizona
Michael GuestRepublican · Mississippi
David JoyceRepublican · Ohio
James MoylanRepublican · Guam
August PflugerRepublican · Texas
Aumua Amata RadewagenRepublican · American Samoa
Derrick Van OrdenRepublican · Wisconsin
Eugene VindmanDemocrat · Virginia