HR 9575 United States House · 118th Congress

Affordable Housing for Veterans Act

HR 9575, the Affordable Housing for Veterans Act, directly affects veterans using Department of Veterans Affairs (VA) home loans by changing the timeline for eliminating loan fees. The bill amends VA regulations to end these fees by October 1, 2024 (instead of November 15, 2031), reducing costs for veterans securing VA-backed mortgages. It also includes a separate provision rescinding $4.8 billion in unobligated IRS funding from the Inflation Reduction Act. The core policy change is the accelerated elimination of VA home loan fees, impacting veterans seeking home purchases with VA financing. The rescission of IRS funds is unrelated to veterans' housing provisions.

Issues: ✓ Housing ✓ Veterans

Sub-Topics: Affordable Housing Mortgages Veteran Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Sep 2024

Committee Review

Floor Vote

President

Introduced Sep 12, 2024 Last action Sep 12, 2024

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Committee

Sep 12, 2024

Committee

Referred to the Committee on Ways and Means, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

Sep 12, 2024

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors