Raises and indexes the VA home improvement and structural alteration benefit amounts for disabled veterans and requires the Department of Veterans Affairs to adjust those dollar limits each year for inflation based on the residential home cost of construction index. The increase applies to veterans who first apply on or after the law is enacted; veterans who already exhausted their benefit entitlement before enactment are not eligible for additional funds.

Beginning on the first day of each fiscal year, the Secretary must raise the statutory dollar caps by the same percentage the residential home construction cost index increased in the prior fiscal year (if the index did not increase, amounts stay the same).