Expands the VA Home Loan program so eligible veterans and service members can use a VA-guaranteed loan to buy shares in a housing cooperative (a “co‑op”) tied to a specific dwelling unit. It directs the Department of Veterans Affairs to write regulations before these guarantees begin and sets a distinct VA funding fee structure for these loans.

It treats co‑op shares like residential property for key VA rules, authorizes the VA to advertise the new benefit, and allows the VA to issue guidance to lenders and borrowers before final regulations are published. This aims to open more homeownership options for veterans, especially in markets where co‑ops are common.