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VA Home Loan Program Reform Act Becomes Law
As Chairman of the House Veterans’ Affairs Economic Opportunity Subcommittee, one of my top priorities is ensuring those who’ve served our nation can achieve and maintain homeownership. However, veterans – like all Americans – can fall on hard times and may need assistance to avoid foreclosing on their home.
That is why I’m thrilled that President Trump signed my VA Home Loan Program Reform Act into law last month. This legislation establishes a permanent partial claims program within the VA Home Loan Program, bringing VA in line with other federal agencies that lend money for homes and replacing the fiscally irresponsible Biden administration-era VASP program.
This law helps fulfill a promise to those who protected us with their service and continue to do so today by providing a path to maintain homeownership – a key part of the American Dream.
I am very proud of this legislation and thankful to President Trump for signing it into law.
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