H.R. 1803 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Veterans' Affairs, Mar 3, 2025
What this bill does
In plain words · AI-written from the official summaryLets VA guarantee loans for veteran co-op purchases
The VA's home loan program currently helps veterans buy single-family homes, but this bill expands it to cover co-ops—buildings where you own stock or membership that gives you the right to live in one unit. The bill makes this authority permanent and sets the rules for how these loans work, including the guarantee amount and fees involved. It also requires the VA to tell veterans that this option exists.
How it affects you
Veterans looking to buy into a cooperative housing building would now have access to VA loan guarantees for that purchase, similar to what they get for traditional home loans. This gives them another housing option beyond single-family homes, though it applies specifically to veterans who are interested in co-op ownership.
Read the official summary (Introduced in House, Mar 3, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 1803
A BILL
Fair Access to Co-ops for Veterans Act of 2025
Sponsor: Rep. Grace Meng (D-NY-6) · Introduced Mar 3, 2025 · Armed Forces and National Security · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 24, 2026: “Forwarded by Subcommittee to Full Committee by Voice Vote.”