President Donald Trump on July 30 signed a bill to financially assist military veterans in making their home payments amid high interest rates and, therefore, avoid foreclosure.
The 12-page bill, the VA Home Loan Program Reform Act, creates a permanent partial claims program within the VA Home Loan Program to lend money to veterans for purchasing homes and to allow veterans access to Federal Housing Act programs that are available to non-veterans.
The legislation allocates $344 million in fiscal years 2025 and 2026 and $257.7 million each fiscal year afterward through the 2030 fiscal year for comprehensive service programs for homeless veterans.
The legislation was introduced in March by Rep. Derrick Van Orden (R-Wis.), a Navy veteran. It passed the House on May 19 by voice vote and passed the Senate on July 15 by voice vote….
Trump Signs Bill to Help Veterans Avoid Home Foreclosures
