H.R. 10590 — Veteran Owner-Builders Rights Act

This section establishes a five-year pilot program under which the Secretary of Veterans Affairs makes direct loans at one percent interest to veterans in rural areas to purchase land and construct homes as primary residences occupied for at least 24 consecutive months after completion. The program requires use of only domestic lumber for structural framing and domestic wood products for non-structural components to the maximum extent practicable, provides technical assistance, accelerates repayment upon sale or lease before the occupancy period with exceptions for military deployment or medical hardship, requires state and local permits within 45 days with fees paid by the Secretary, and authorizes $5 million for FY2027.