American Veterans Homeownership Act of 2005

The American Veterans Homeownership Act of 2005 (H.R. 2952) aimed to expand access to low-interest home loans for veterans by updating the rules governing state-issued veterans' mortgage bonds. The bill proposed removing the service-date restrictions that limited eligibility to those who served before 1977, effectively opening the program to all veterans regardless of when they served on active duty. Additionally, it sought to extend the application window for these loans to 25 years after a veteran’s discharge and increase the funding limits for bond programs in specific states.