Additionally, the HOME Act seeks to improve residual income guidelines to better reflect veterans’ financial realities, making homeownership more accessible.
Improve residual income guidelines so homeownership is more accessible for veterans.
Occurrences
Evidence
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Congress.gov shows Del. Kimberlyn King-Hinds introduced H.R. 3720, the HOME Act of 2025, on June 4, 2025; the page lists the bill as still in Introduced status and referred to House Veterans' Affairs.
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The official House homepage's latest news item on June 17, 2026 announces a different veterans bill, H.R. 9316, to expand VA travel reimbursements for CNMI and Freely Associated States veterans.
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VA's Home Loans circulars page lists 2026 circulars on partial-claim foreclosure, itemized fees and state fee deviations, but no circular changing residual-income underwriting guidance.
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GovInfo lists H.R. 3720 as introduced by Ms. King-Hinds and referred to House Veterans' Affairs; the bill would amend 38 U.S.C. 3710 on veterans' residual income guidance.
Assessments
King-Hinds materially attempted the promise by introducing H.R. 3720, the HOME Act of 2025, to amend VA residual-income guidance for veterans' home loans. However, the bill remains only introduced/referred to subcommittee and there is no evidence of an enacted statutory change or VA circular/administrative update improving residual-income guidelines. Because the promised outcome has not been delivered despite a serious same-term legislative attempt, this is a failed delivery with an effort badge.
Kimberlyn King-Hinds introduced the HOME Act of 2025, which appears related to veterans' housing access, but the available evidence shows it remained in Introduced status and was only referred to committee. There is no evidence that residual income guidelines were actually changed or that the promised homeownership accessibility improvement was delivered.