Vice President Kamala Harris will announce new steps designed to reduce the cost of federal home loans for Americans saddled with medical debt and make it easier for veterans to have loans forgiven, as part of a White House push to help the millions facing unpaid health-care bills.
The efforts will include a push within the federal government to stop considering medical debt when determining eligibility for loans — including in programs like the Department of Agriculture’s $20 billion rural housing program. Because the government won’t consider how much applicants owe in medical expenses, those in debt should receive more favorable terms on loans to buy or build new homes.
