276 
Homeless Assistance Act (42 U.S.C. 11381 et 
seq.) program to examine the efficiency, accu-
racy, and outcomes of those operations; and 
(B) submit to the appropriate congres-
sional committees on any findings and to the 
Secretary on any recommendations, as the 
Comptroller General considers appropriate, for 
a more effective and efficient coordinated entry 
process. 
(2) ASSESSMENTS.—Not later than 2 years 
after the date of enactment of this Act, the Sec-
retary shall— 
(A) evaluate the coordinated assessment 
processes under the Continuum of Care Pro-
gram under subtitle C of title IV of the McKin-
ney-Vento Homeless Assistance Act (42 U.S.C. 
11381 et seq.), which shall include— 
(i) a request for information from 
continuums of care about coordinated 
entry tools, processes, barriers, documenta-
tion barriers, and necessary guidance; 
(ii) incorporation of findings from rel-
evant reports and demonstrations of the 
Department, including the report described 
in paragraph (1); and 
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(iii) consultation with organizations 
with expertise in providing health care to 
people experiencing homelessness on best 
practices 
in 
assessment 
tools 
for 
prioritizing resources and characterizing 
chronic homelessness and people experi-
encing 
homelessness 
with 
high-service 
needs; 
(B) issue an updated notice, which shall 
include guidance— 
(i) on effective assessment processes 
that remove barriers, streamline access, 
allow for coordination with public housing 
agencies, include trauma-informed data 
collection practices, improve accuracy, ad-
dress needs for underserved groups, and 
successfully rehouse homeless individuals; 
(ii) that includes all key populations 
and subpopulations, including consider-
ation for age, family status, health status, 
or 
other 
factors, 
access 
points, 
prioritization, and programs and systems 
serving individuals experiencing homeless-
ness; and 
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(iii) that allows for local flexibility and 
tailoring based on the needs and resources 
within the specific community; and 
(C) establish a timely, periodic procedure 
to request feedback on coordinated assessment 
and update the guidance, which may include 
conducting a request for information not less 
frequently than once every 5 years. 
(h) IMPROVING
TARGETED
DATA
COLLECTION, 
FUNDING, AND COORDINATION.—The Secretary shall— 
(1) issue not less than 1 request for informa-
tion on— 
(A) improving data collection, including 
through the use of the Homeless Management 
Information System or other data systems; 
(B) coordination and use of data between 
housing and homelessness providers and phys-
ical, mental, and behavioral health organiza-
tions, substance use treatment providers, and 
the Department of Veterans Affairs for imple-
mentation of programs to provide services for 
people experiencing or at risk of homelessness, 
including the chronically homeless; and 
(C) the potential benefits and risks of 
using artificial intelligence models for the pur-
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pose of improving program coordination and ef-
fectiveness and assessing the effectiveness of 
interventions to house individuals experiencing 
or at risk of homelessness, including by sub- 
populations; 
(2) consider providing incentives to improve 
data collection, enhance the use of the Homeless 
Management Information System, implement com-
munity information exchanges, and strengthen the 
coordination of data from physical, mental, and be-
havioral health organizations with housing and 
homelessness providers, in order to target resources 
for housing, outreach, homelessness prevention, and 
housing-related supportive services for homeless indi-
viduals, or chronically homeless individuals; and 
(3) coordinate with the Secretary of the Depart-
ment of Veterans Affairs to improve coordination be-
tween data systems for vouchers provided under sec-
tion 8(o)(19) of the United States Housing Act of 
1937 (42 U.S.C. 1437f(o)(19)), the Homeless Man-
agement Information System, and any other applica-
ble homeless program supported by the Department 
of Veterans Affairs. 
(i) RULE OF CONSTRUCTION.—Nothing in this sec-
tion or the amendments made by this section shall be con-
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strued to limit the authority of the Secretary to provide 
flexibility under housing laws in effect as of the date of 
enactment of this Act. The flexibilities and waivers author-
ized under this section and the amendments made by this 
section shall not replace or result in the termination of 
other flexibilities and waivers that the Secretary is author-
ized to exercise. 
SEC. 506. INCENTIVIZING LOCAL SOLUTIONS TO HOME-
LESSNESS. 
Section 414 of the McKinney-Vento Homeless Assist-
ance Act (42 U.S.C. 11373) is amended by adding at the 
end the following: 
‘‘(f) FUNDING CAP WAIVER AUTHORITY.— 
‘‘(1) IN GENERAL.—Notwithstanding any other 
provision of law or regulation, a recipient may re-
quest a waiver of the spending cap established pur-
suant to section 415(b) for amounts provided be-
tween fiscal years 2026 through 2029. 
‘‘(2) WAIVER REQUEST.— 
‘‘(A) IN GENERAL.—A recipient seeking a 
waiver described in paragraph (1) shall submit 
to the Secretary a waiver request that includes 
not more than the following: 
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‘‘(i) A demonstration of local needs 
and circumstances that necessitate a waiv-
er. 
‘‘(ii) A detailed plan for how the re-
cipient intends to use funds. 
‘‘(iii) A justification for how the pro-
posed use of funds supports the most re-
cent Consolidated Annual Performance and 
Evaluation Report of the recipient. 
‘‘(iv) Any public input solicited under 
subparagraph (B)(ii). 
‘‘(B) 
NOTIFICATION.—Each 
recipient 
shall— 
‘‘(i) notify all subrecipients, including 
local continuums of care, of the availability 
of waivers under this subsection; and 
‘‘(ii) prior to the submission of a 
waiver request under subparagraph (A), 
solicit public input regarding the potential 
need for and proposed uses of such waiver. 
‘‘(C) APPROVAL; PUBLICATION.—The Sec-
retary shall— 
‘‘(i) make all waiver requests sub-
mitted under subparagraph (A) publicly 
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available on the website of the Department 
of Housing and Urban Development; 
‘‘(ii) not later than 60 days after the 
date on which the Secretary receives a 
waiver request under subparagraph (A), 
approve or deny the request; and 
‘‘(iii) deny any waiver submitted 
under subparagraph (A) by a recipient 
that relocates or threaten to relocates indi-
viduals or their property without providing 
emergency shelter, rapid rehousing, transi-
tional housing, permanent supportive hous-
ing, or other permanent housing options. 
‘‘(3) REVOCATION.— 
‘‘(A) IN
GENERAL.—A waiver approved 
under this subsection shall remain in effect for 
each of fiscal years 2026 through 2029 unless 
the recipient notifies the Secretary in writing 
that the recipient wishes to revoke the waiver. 
‘‘(B) NOTIFICATION.—If a recipient re-
vokes a waiver under subparagraph (A), the re-
cipient shall solicit input from subrecipients re-
garding the revocation and provide a justifica-
tion for the revocation. 
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‘‘(C) PUBLICATION.—The Secretary shall 
publish any revocation of a waiver under sub-
paragraph (A) and the justification of the re-
cipient for the waiver on the website of the De-
partment of Housing and Urban Develop-
ment.’’. 
TITLE VI—VETERANS AND 
HOUSING 
SEC. 601. VA HOME LOAN AWARENESS ACT. 
(a) IN GENERAL.—Subpart A of part 2 of the Fed-
eral Housing Enterprises Financial Safety and Soundness 
Act of 1992 (12 U.S.C. 4541 et seq.) is amended by add-
ing at the end the following: 
‘‘SEC. 1329. UNIFORM RESIDENTIAL LOAN APPLICATION. 
‘‘Not later than 6 months after the date of enactment 
of this section, the Director shall, by regulation or order, 
require each enterprise to include a disclaimer below the 
military service question on the form known as the Uni-
form Residential Loan Application stating, ‘If yes, you 
may qualify for a VA Home Loan. Consult your lender 
regarding eligibility.’.’’. 
(b) GAO STUDY.—Not later than 18 months after 
the date of enactment of this Act, the Comptroller General 
of the United States shall conduct a study and submit to 
Congress a report on whether not less than 80 percent 
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284 
of lenders using the Uniform Residential Loan Application 
have included on that form the disclaimer required under 
section 1329 of the Federal Housing Enterprises Finan-
cial Safety and Soundness Act of 1992, as added by sub-
section (a). 
SEC. 602. VETERANS AFFAIRS LOAN INFORMED DISCLO-
SURE (VALID) ACT. 
(a) FHA INFORMED CONSUMER CHOICE DISCLO-
SURE.— 
(1) INCLUSION OF INFORMATION RELATING TO 
VA LOANS.—Subparagraph (A) of section 203(f)(2) 
of 
the 
National 
Housing 
Act 
(12 
U.S.C. 
1709(f)(2)(A)) is amended— 
(A) by inserting ‘‘(i)’’ after ‘‘loan-to-value 
ratio’’; and 
(B) by inserting before the semicolon the 
following: ‘‘, and (ii) in connection with a loan 
guaranteed or insured under chapter 37 of title 
38, United States Code, assuming prevailing in-
terest rates’’. 
(2) RULE OF CONSTRUCTION.—Nothing in the 
amendments made by paragraph (1) shall be con-
strued to require an original lender to determine 
whether a prospective borrower is eligible for any 
loan included in the notice required under section 
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203(f) of the National Housing Act (12 U.S.C. 
1709(f)). 
(b) MILITARY SERVICE QUESTION.— 
(1) IN GENERAL.—Subpart A of part 2 of sub-
title A of the Federal Housing Enterprises Financial 
Safety and Soundness Act of 1992 (12 U.S.C. 4541 
et seq.), as amended by section 601(a) of this Act, 
is amended by adding at the end the following: 
‘‘SEC. 1330. UNIFORM RESIDENTIAL LOAN APPLICATION. 
‘‘Not later than 6 months after the date of enactment 
of this section, the Director shall require each enterprise 
to— 
‘‘(1) include a military service question on the 
form known as the Uniform Residential Loan Appli-
cation; and 
‘‘(2) position the question described in para-
graph (1) above the signature line of the Uniform 
Residential Loan Application.’’. 
(2) RULEMAKING.—Not later than 6 months 
after the date of enactment of this Act, the Director 
of the Federal Housing Finance Agency shall issue 
a rule to carry out the amendment made by this sec-
tion. 
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SEC. 603. HOUSING UNHOUSED DISABLED VETERANS ACT. 
(a) EXCLUSION
OF CERTAIN DISABILITY BENE-
FITS.—Section 3(b)(4)(B) of the United States Housing 
Act of 1937 (42 U.S.C. 1437a(b)(4)(B)) is amended— 
(1) by redesignating clauses (iv) and (v) as 
clauses (vi) and (vii), respectively; and 
(2) by inserting after clause (iii) the following: 
‘‘(iv) for the purpose of determining 
income eligibility with respect to the sup-
ported housing program under section 
8(o)(19), any disability benefits received 
under chapter 11 or chapter 15 of title 38, 
United States Code, received by a veteran, 
except that this exclusion shall not apply 
to the income in the definition of adjusted 
income; 
‘‘(v) for the purpose of determining 
income eligibility with respect to any 
household receiving rental assistance under 
the supported housing program under sec-
tion 8(o)(19) as it relates to eligibility for 
other types of housing assistance, any dis-
ability benefits received under chapter 11 
or chapter 15 of title 38, United States 
Code, received by a veteran, except that 
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this exclusion shall not apply to income in 
the definition of adjusted income;’’. 
(b) TREATMENT
OF CERTAIN DISABILITY BENE-
FITS.— 
(1) IN GENERAL.—When determining the eligi-
bility of a veteran to rent a residential dwelling unit 
constructed on Department property on or after the 
date of the enactment of this Act, for which assist-
ance is provided as part of a housing assistance pro-
gram administered by the Secretary, the Secretary 
shall exclude from income any disability benefits re-
ceived under chapter 11 or chapter 15 of title 38, 
United States Code by such person. 
(2) DEFINITIONS.—In this subsection: 
(A) SECRETARY.—The term ‘‘Secretary’’ 
means the Secretary of Housing and Urban De-
velopment. 
(B) DEPARTMENT PROPERTY.—The term 
‘‘Department property’’ has the meaning given 
the term in section 901 of title 38, United 
States Code. 
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TITLE VII—OVERSIGHT AND 
ACCOUNTABILITY 
SEC. 701. REQUIRING ANNUAL TESTIMONY AND OVER-
SIGHT FROM HOUSING REGULATORS. 
(a) HUD PROGRAMS.—The Department of Housing 
and Urban Development Act (42 U.S.C. 3531 et seq.) is 
amended by adding at the end the following: 
‘‘SEC. 15. ANNUAL TESTIMONY. 
‘‘The Secretary shall, on an annual basis, testify be-
fore the Committee on Banking, Housing, and Urban Af-
fairs of the Senate and the Committee on Financial Serv-
ices of the House of Representatives on the status of all 
programs carried out by the Department, at the request 
of the relevant committee.’’. 
(b) GOVERNMENT GUARANTEED OR INSURED MORT-
GAGES.—On an annual basis, the following individuals 
shall testify before the appropriate committees of Congress 
with respect to mortgage loans made, guaranteed, or in-
sured by the Federal Government: 
(1) The President of the Government National 
Mortgage Association. 
(2) The Federal Housing Commissioner. 
(3) The Administrator of the Rural Housing 
Service. 
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(4) The Executive Director of the Loan Guar-
anty Service of the Department of Veterans Affairs. 
(5) The Director of the Federal Housing Fi-
nance Agency. 
(c) MORTGAGEE REVIEW BOARD.—Section 202(c)(8) 
of the National Housing Act (12 U.S.C. 1708(c)(8)) is 
amended— 
(1) by striking ‘‘, in consultation with the Fed-
eral Housing Administration Advisory Board,’’; and 
(2) by inserting ‘‘and to Congress’’ after ‘‘the 
Secretary’’. 
SEC. 702. FHA REPORTING REQUIREMENTS ON SAFETY 
AND SOUNDNESS. 
(a) MONTHLY REPORTING ON MUTUAL MORTGAGE 
INSURANCE FUND CAPITAL RATIO.—Section 202(a) of 
the National Housing Act (12 U.S.C. 1708(a)) is amended 
by adding at the end the following: 
‘‘(8) OTHER REQUIRED REPORTING.—The Sec-
retary shall— 
‘‘(A) submit to Congress monthly reports 
on the capital ratio required under section 
205(f)(2); and 
‘‘(B) notify Congress as soon as prac-
ticable after the Fund falls below the capital 
ratio required under section 205(f)(2).’’. 
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(b) ANNUAL INDEPENDENT ACTUARIAL STUDY.— 
Section 202(a)(4) of the National Housing Act (12 U.S.C. 
1708(a)(4)) is amended— 
(1) by striking ‘‘The Secretary’’ and inserting 
the following: 
‘‘(A) DEFINITION.—In this paragraph, the 
term ‘first-time homebuyer’ means a borrower 
for whom no consumer report (as defined in 
section 603 of the Fair Credit Reporting Act 
(15 U.S.C. 1681a)) indicates that the borrower 
has or had a loan with a consumer purpose that 
is secured by a 1- to 4-unit residential real 
property. 
‘‘(B) STUDY
AND
REPORT.—The Sec-
retary’’; and 
(2) in subparagraph (B), as so designated, by 
striking ‘‘also’’ and inserting ‘‘detail how many loans 
were originated in each census tract to first-time 
homebuyers, as well as’’. 
(c) ANNUAL REPORT.—Section 203(w)(2) of the Na-
tional Housing Act (12 U.S.C. 1709(w)(2)) is amended 
by inserting ‘‘and first-time homebuyers (as defined in sec-
tion 202(a)(4)(A))’’ after ‘‘minority borrowers’’. 
(d) GAO STUDY
ON SUSTAINABLE HOMEOWNER-
SHIP.—Not later than 180 days after the date of enact-
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ment of this Act, the Comptroller General of the United 
States shall conduct a study and submit to Congress a 
report on— 
(1) the value for the Federal Housing Adminis-
tration of defining what is sustainable homeowner-
ship in a way that considers borrower default, refi-
nancing of a mortgage that is not insured by the 
Federal Housing Administration, the Department of 
Veterans Affairs, or Rural Housing Service, paying 
off a mortgage loan and transitioning back to rent-
ing, and other factors that demonstrate whether in-
surance provided under title II of the National 
Housing Act (12 U.S.C. 1707 et seq.) has success-
fully served a borrower, including for first-time 
homebuyers for whom no consumer report (as de-
fined in section 603 of the Fair Credit Reporting 
Act (15 U.S.C. 1681a)) indicates that the borrower 
has or had a loan with a consumer purpose that is 
secured by a 1- to 4-unit residential real property; 
and 
(2) the feasibility of the Federal Housing Ad-
ministration developing a scorecard using the 
metrics described in paragraph (1) to measure bor-
rower performance and reporting the scorecard data 
to Congress. 
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SEC. 703. UNITED STATES INTERAGENCY COUNCIL ON 
HOMELESSNESS OVERSIGHT. 
Section 203(a) of the McKinney-Vento Homeless As-
sistance Act (42 U.S.C. 11313(a)) is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘Homeless Emergency As-
sistance and Rapid Transition to Housing Act 
of 2009’’ and inserting ‘‘Renewing Opportunity 
in the American Dream to Housing Act’’; and 
(B) by striking ‘‘update such plan annu-
ally’’ and inserting the following: ″submit to the 
President and Congress a report every year 
thereafter that includes— ‘‘ 
‘‘(A) the status of completion of the plan; 
and 
‘‘(B) any modifications that were made to 
the plan and the reasons for those modifica-
tions;’’; 
(2) by redesignating paragraphs (10) through 
(13) as paragraphs (11) through (14), respectively; 
(3) by redesignating the second paragraph (9) 
(relating to collecting and disseminating informa-
tion) as paragraph (10); 
(4) in paragraph (13), as so redesignated, by 
striking ‘‘and’’ at the end; 
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