HR3720-119

1. Short title This Act may be cited as the Heroes Owning and Materializing Equity Act of 2025 or the HOME Act of 2025.

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— in paragraph (3)(A)— in clause (viii), by striking and at the end; by redesignating clause (ix) as clause (x); and by inserting after clause (viii) the following new clause (ix): nonprofit financial service organizations; and by adding at the end the following new paragraph: 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. (ix)nonprofit financial service organizations; and; and (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..

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

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