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Middle-Class Housing Supply: Federal Loans, State Funds, and Strict Labor Rules.

This Act establishes a revolving loan fund, financed by proceeds from the release of Fannie Mae and Freddie Mac, aimed at increasing the supply of affordable housing for middle-income Americans (80% to 165% of area median income). States receive capitalization loans to fund local construction and rehabilitation projects, with the requirement that these loans be repaid after 10 years to reduce the federal deficit. Citizens benefit from potential housing availability, but urban construction projects must adhere to strict labor standards, including prevailing wages and apprenticeship mandates.
Key points
Housing Funding Source: Proceeds from Fannie Mae and Freddie Mac will fund state revolving loan funds to boost middle-class housing construction.
Labor Standards: Construction projects in dense urban areas must comply with prevailing wage laws (Davis-Bacon), utilize apprentices (15% of labor hours), and require project labor agreements (PLAs).
Deficit Reduction Mandate: State loans must be repaid to the Federal Treasury after 10 years, with the funds dedicated solely to reducing the national debt.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4266
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2025-06-30
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Housing for US Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4266.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-06-30.

What are the main provisions?

Key points include:

  • Housing Funding Source: Proceeds from Fannie Mae and Freddie Mac will fund state revolving loan funds to boost middle-class housing construction.
  • Labor Standards: Construction projects in dense urban areas must comply with prevailing wage laws (Davis-Bacon), utilize apprentices (15% of labor hours), and require project labor agreements (PLAs).
  • Deficit Reduction Mandate: State loans must be repaid to the Federal Treasury after 10 years, with the funds dedicated solely to reducing the national debt.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Suozzi, Thomas R. [D-NY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

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