President Trump Signs Van Orden Bill to Reduce Veterans Homelessness Into Law
WASHINGTON, D.C. – Today, President Trump signed Congressman Derrick Van Orden’s (WI-03) VA Home Loan Program Reform Act into law.
This legislation establishes a permanent partial claims program within the VA Home Loan Program, bringing VA in line with other federal agencies that lend money for homes and replacing the fiscally irresponsible Biden administration-era VASP program. Veterans will be permitted to have the same programs non-veterans have available to them through FHA loans, allowing veterans who have fallen behind on their mortgages to receive federal assistance.
“President Trump is the strongest support of veterans and servicemembers of any president in our nation’s history,” said Rep. Van Orden. “This law helps fulfill a promise to those who protected us with their service and continue to do so today by providing a path to maintain homeownership. I am very proud of our legislation and thankful to President Trump for signing it into law.”
“Our veterans and their families should have every tool at their disposal to keep their homes and reduce the risk of foreclosure if they fall into financial hardship or endure a national disaster. Today, House Republicans and President Trump made that a reality for every veteran homeowner,” said Chairman Bost.“Rep. Van Orden’s VA Home Loan Program Reform Act will modernize the VA Home Loan to meet veterans’ needs and reduce the risk of veteran homelessness. I’m proud that we fought hard to get this good bill to President Trump’s desk to keep our promise to those who have served.”
Read the full bill here.
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