OPENING THE RECORD
OPENING THE RECORD
H.R. 1803 · 119TH CONGRESS
This has not become law. Both chambers must pass the same text before sending it to the president. How a bill becomes law.
CONGRESSIONAL RESEARCH SERVICE
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 the Congressional Research Service for this version of the bill. Later versions may differ. Read at Congress.gov.