To amend title 38, United States Code, to improve per diem grant payments for organizations assisting homeless veterans.

Makes the rate of per diem payments provided by the Secretary of Veterans Affairs (VA) to organizations assisting homeless veterans the greater of: (1) the daily cost of care, as adjusted by other sources of income received by the organization; or (2) $60 per bed provided by the organization.

Directs the Secretary to ensure that 25% of the funds available for such payments are made available to organizations that: (1) meet each, some, or at least one of the transitional and supportive services criteria prescribed by the Secretary; and (2) furnish services to homeless individuals, of which less than 75% are veterans. Provides a higher priority in the making of such per diem payments for organizations that meet all or most of the transitional and supportive services criteria.