Congress funds affordable housing with labor protections—and ties it to Fannie Mae sale
H.R. 4266 — Housing for US Act · Filed by Thomas Suozzi (D-NY) · 2 cosponsors · Introduced Jun 30, 2025 · Referred to committee
Your members of Congress
Enter a ZIP to see where your representative and both senators stood on this bill.
Looked up on this device — your ZIP is never stored on our servers.
What it does
This bill creates a federal revolving loan fund for states to finance affordable housing for middle-income Americans (earning 80–165% of area median income). It redirects future profits from the sale or release of Fannie Mae and Freddie Mac into a 10-year trust, which states can borrow from to establish their own housing loan programs. After 10 years, states repay the loans to reduce the federal deficit. The bill includes strong labor protections: apprenticeship requirements, prevailing wage standards (Davis-Bacon), and project labor agreements for construction projects.
Why we flagged it
The bill's core mechanism is a federal-to-state revolving loan fund for affordable housing, paired with mandatory labor standards (apprenticeships, prevailing wages, project labor agreements). It is not primarily a tax cut, deregulation, or corporate subsidy—it is a public financing tool with strong worker protections.
What the text implies
- The 10-year repayment requirement means states must budget for loan repayment starting in year 11, potentially constraining future housing investment unless Congress extends or forgives the obligation.
- Apprenticeship and prevailing wage requirements may increase construction costs, which could be passed to borrowers or reduce the number of units financed per dollar—a trade-off between affordability and volume.
- The bill ties housing finance to Fannie Mae/Freddie Mac privatization proceeds, which are uncertain and contingent on future policy decisions; if privatization does not occur or yields less than expected, the fund may be underfunded.
- Energy efficiency standards (Cranston-Gonzalez) are mandatory for new construction, adding upfront costs that may reduce affordability unless offset by long-term utility savings.
- The 5-year resale restriction on homeownership units may limit owner equity appreciation and secondary-market liquidity, potentially affecting long-term wealth-building for middle-income buyers.
Who it affects
Ordinary citizens gain access to below-market-rate loans for homeownership and rental housing, with explicit affordability protections lasting 15+ years. Labor standards (apprenticeships, prevailing wages, project labor agreements) protect construction workers and ensure quality jobs. The mechanism is transparent and includes audit/oversight requirements. The primary beneficiaries are middle-income households and construction workers, not corporations.
Who stands to gain
- State housing finance agencies
- Non-profit housing developers
- Local governments
- Construction workers and apprenticeship programs
- Residential real estate investment trusts (REITs) that develop or manage qualifying housing
Named in the bill
Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Department of Housing and Urban Development (HUD), Department of Labor (DOL), State housing finance agencies, Registered apprenticeship programs, Davis-Bacon Act, Cranston-Gonzalez National Affordable Housing Act, National Labor Relations Act
Where it stands
2 cosponsors: 2 Republicans.
- Jun 30, 2025 — Introduced · Congress.gov: “Introduced in House”
- Jun 30, 2025 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
2 lobbying clients named this bill on 2 disclosure filings across 2 quarters, Dec 2025 to Jun 2026. Those filings disclosed $250,000 in lobbying spend. A filing names 23 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 41% of bills with at least one filing.
Thomas Suozzi, the sponsor, reported $1,663,155 in PAC receipts in the 2026 cycle.
- National Right to Work Committee — $240,000 on 1 filing
- Housing for Us — $10,000 on 1 filing
Lobbying Disclosure Act filings through Jul 16, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the full bill text on Jun 10, 2026; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 16, 2026 · page rendered 2026-10-20.
“Congress funds affordable housing with labor protections—and ties it to Fannie Mae sale” QuorumCivic. https://share.quorumcivic.app/bill/119/hr4266 Report an error
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.