[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3720 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3720

To amend title 38, United States Code, to make certain improvements in 
the guidance provided by the Department of Veterans Affairs to lenders 
 regarding the sufficiency of veterans' residual income, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 4, 2025

Ms. King-Hinds (for herself and Mr. Van Orden) introduced the following 
     bill; which was referred to the Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
To amend title 38, United States Code, to make certain improvements in 
the guidance provided by the Department of Veterans Affairs to lenders 
 regarding the sufficiency of veterans' residual income, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Heroes Owning and Materializing 
Equity Act of 2025'' or the ``HOME Act of 2025''.

SEC. 2. IMPROVEMENT OF DEPARTMENT OF VETERANS AFFAIRS GUIDANCE TO 
              LENDERS ON SUFFICIENCY OF VETERANS' RESIDUAL INCOME.

    Section 3710(i) of title 38, United States Code, is amended--
            (1) in paragraph (3)(A)--
                    (A) in clause (viii), by striking ``and'' at the 
                end;
                    (B) by redesignating clause (ix) as clause (x); and
                    (C) by inserting after clause (viii) the following 
                new clause (ix):
            ``(ix) nonprofit financial service organizations; and''; 
        and
            (2) by adding at the end the following new paragraph:
    ``(6) The Secretary shall coordinate with nonprofit organizations 
that advocate for veterans to offer financial counseling, on a 
voluntary basis, to veterans who are purchase homes using loans 
guaranteed under this chapter.''.

SEC. 3. DATABASE OF ADAPTED HOUSING FOR SALE.

    Section 2101 of title 38, United States Code, is amended by--
            (1) redesignating subsection (c) as subsection (d); and
            (2) inserting after subsection (b) the following new 
        subsection (c):
    ``(c) Database.--(1) The Secretary shall develop a database that 
includes a list of residences that--
            ``(A) are for sale;
            ``(B) have been adapted for a disabled veteran under this 
        section; and
            ``(C) the seller of which elects to include in the 
        database.
    ``(2) The shall make such database available to a disabled veteran 
who is interested in purchasing a residence adapted under this 
section.''.

SEC. 4. OUTREACH TO VETERANS RESIDING IN UNITED STATES TERRITORIES.

    Section 2101A of title 38, United States Code, is amended--
            (1) by redesignating subsection (d) as subsection (e); and
            (2) by inserting after subsection (c) the following new 
        subsection (d):
    ``(d) Outreach to Veterans Residing in Territories.--The Secretary 
shall conduct outreach to veterans who reside in Territories of the 
United States regarding eligibility for benefits under this section.''.
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