Housing for US Act

This bill establishes a revolving loan fund to increase middle-class housing supply by providing capitalization loans to states using funds from the release of Federal National Mortgage Association and Federal Home Loan Mortgage Corporation. States will create housing revolving loan funds to provide financing to local governments and non-profits for new construction or rehabilitation of housing that meets affordability standards (80-165% of area median income) for middle-income families. The housing must maintain affordability for at least 15 years, and construction must comply with labor requirements including apprenticeship and prevailing wage standards. The fund will be repaid to the Treasury for deficit reduction after 10 years.