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”.
Heroes Owning and Materializing Equity Act of 2025
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.
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—
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):
“(ix) nonprofit financial service organizations; and”
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—
redesignating subsection (c) as subsection (d); and
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—
by redesignating subsection (d) as subsection (e); and
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.”