US HB4266

Requires all federal funds received from releasing Fannie Mae and Freddie Mac from conservatorship to be transferred to a trust fund for state housing revolving loan funds, with a 10-year period for states to use the funds before repaying to the Treasury for deficit reduction

Creates state housing revolving loan funds administered by HUD to provide loans to local governments and nonprofits for constructing or rehabilitating middle-class housing for families earning 80-165% of area median income

Mandates states contribute at least 20% matching funds from non-federal sources, with fund allocations based on affordable housing need, housing supply inadequacy, and construction costs in each state

Establishes affordability requirements including 15-year rent restrictions for rental housing and 5-year resale restrictions for homeownership units, with rental units capped at 30% of 165% of area median income

Imposes labor requirements in urban areas including Davis-Bacon prevailing wages, 15% apprentice labor hours, project labor agreements, E-Verify compliance, and responsible contractor standards with penalties up to $50 per non-compliant labor hour