Blumenthal Backs Bipartisan Bill to Help Veterans Keep Their Homes
The Veterans Housing Stability Act will help thousands of veterans using VA home loans avoid foreclosure following VA Secretary Collins’ reckless cancellation of VASP
[WASHINGTON, D.C.] – Senate Veterans’ Affairs Committee Ranking Member Richard Blumenthal (D-CT) is backing the bipartisan Veterans Housing Stability Act of 2025—legislation authored by U.S. Senators Lisa Blunt Rochester (D-DE) and Mike Rounds (R-SD) to ensure veterans and servicemembers using Department of Veterans Affairs (VA) home loans can keep their homes.
“Veterans facing painful financial hardship deserve a viable solution to get their mortgages current and keep their homes. Right now, potentially tens of thousands of veterans are at-risk of losing their homes as a direct result of Secretary Collins’ reckless and reprehensible decision to end the VASP Program. Our legislation will create a replacement program to avoid preventable foreclosures, and ensure our most vulnerable veterans have a last resort option to continue paying their mortgage and keep their homes,” said Senator Blumenthal.
The Senators’ Veterans Housing Stability Act of 2025 would establish a partial claim program to help veterans using the VA home loan and experiencing severe financial hardship avoid foreclosure and stay in their homes. This program would replace VA’s current program to do this, VASP, which was abruptly cancelled by the Trump Administration earlier this year starting May 1st. The Trump Administration suddenly cancelled VASP suddenly without consulting Congress, veterans, or service lenders.
HERE is a list of how many veterans in every state are seriously at-risk of foreclosure as a direct result of the Trump Administration’s cancellation of VASP.
VASP was the Department’s only program of last-resort that exists for veterans facing immediate foreclosure. It has helped more 17,000 veterans since the program launched in 2024. By not accepting any new veterans into the program after May 1, 2025, VA is risking putting more than 71,000 veterans onto the streets and out of their homes. Drafted in response to this action, the Senators’ Veterans Housing Stability Act of 2025 would ensure these veterans have a viable solution to avoid defaulting on their loans, bring their mortgages current, and avoid foreclosure by establishing a replacement partial claims program.
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