H.R. 1803 Introduced Armed Forces and National Security

Fair Access to Co-ops for Veterans Act of 2025

To amend title 38, United States Code, to provide for the improvement of the Department of Veterans Affairs loan guarantee for purchase of residential cooperative housing units, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Meng, Grace [D-NY-6] Introduced March 3, 2025 Cosponsors 4 (2 R, 2 D) Latest action February 24, 2026

Summary

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Feb 24, 2026 Forwarded by Subcommittee to Full Committee by Voice Vote.
  2. Feb 24, 2026 Subcommittee Consideration and Mark-up Session Held
  3. Mar 11, 2025 Subcommittee Hearings Held
  4. Mar 10, 2025 Referred to the Subcommittee on Economic Opportunity.
  5. Mar 3, 2025 Referred to the House Committee on Veterans' Affairs.
  6. Mar 3, 2025 Introduced in House

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