Veteran Owner-Builders Rights Act

This bill would create a five-year pilot program in which the Department of Veterans Affairs makes direct loans at 1 percent interest to veterans to buy land in rural areas and build a home they must live in as their main residence for at least 24 months. Veterans would have to build using blueprints prepared by two named members of Congress with the VA, and use only domestic lumber for structural framing. State and local governments would have to issue building permits for these blueprints within 45 days, with the VA paying the permit fees. If the veteran sells, leases, or transfers the home before 24 months, the full loan would become due, unless the VA grants an exception for reasons such as deployment or medical hardship. The bill authorizes $5 million for fiscal year 2027 and changes a date in the VA housing loan fee table from June 9, 2034 to June 12, 2034.

Full text and official record on Congress.gov

Sponsors

• Marie Gluesenkamp Perez Democrat sponsor
• 1 cosponsors