On the recordJune 4, 2024
Our veterans deserve the very best. It is our job to make sure they get it. That is why we are here during amendment debate to ensure that their needs continue to be met after their honorable and heroic service to the Nation. The underlying bill appropriates $320 million to the VA Housing Benefit Program Fund for administrative expenses to carry out the direct and guaranteed loan programs. As many of my colleagues know, the VA loan program guarantees loans made to servicemembers, veterans, reservists, and single surviving spouses for the purchase of homes. As veterans navigate the often cumbersome process of buying a home, they should have access to as much information as possible that will enable them to make the best financial decisions for their families. That is all this amendment does. If the VA accepted this recommendation, this amendment would ensure that $1 million of the total administrative expenses funds appropriated for the home loan program can be used for the development of improved information materials regarding the relative benefits of a VA home loan versus other types of housing loans for prospective buyers. This is simply a reflection of the fact that while a VA home loan is often the right choice for veterans who are trying to buy a home, the benefits may not be as clearly presented as they go through the process. If a VA loan would be better, then the veteran should know it. Mr. Chair, I reserve the balance of my time.
Source
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