Referred to the Subcommittee on Economic Opportunity.
Armed Forces and National Security
Why This Matters
The Home Affordability for Guard and Reserve Act allows more National Guard and reserve members to access housing loans. This is important because it helps these service members afford homes after their military service.
If you are a National Guard member, you may now qualify for a housing loan to help buy a home.
Who this affects
National Guard members · reserve service members
What changes is this bill making?
1This bill expands housing loan eligibility for certain National Guard and reserve members.
2It includes those who serve on active duty or full-time training.
3Members with at least 14 days of service can qualify for loans with an extra fee.
4The changes apply retroactively to service after September 11, 2001.
5The Secretary of Veterans Affairs will inform eligible members about these benefits.
