Fair Access to Co-ops for Veterans Act of 2025
Introduced Mar 3, 2025 by Rep. Grace Meng
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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
Read the full summary on Congress.govSummary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.