,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ejjd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bf1 #bjad ,mr4 
,himes 7= himself1 ,mr4 ,delaney1 ,mr4  
,wel*1 & ,mr4 ,c>twright7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to improve ! en]gy effici5cy ( 
multifamily h\s+ 9 ! ,unit$ ,/ates1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,multifamily ,h\s+     
,en]gy ,effici5cy ,improvem5t ,act (    
#bjad4  #b4 ,/udy ( relation%ip betwe5  
en]gy sav+s improvem5ts & mortgage      
p]=mance  7a7 ,/udy ,n lat] ?an #ij days
 aft] ! date ( ! enactm5t ( ?is ,act1 ! 
,secret>y ( ,h\s+ & ,urban ,developm5t1 
9 coord9ation ) ! ,director ( ! ,f$]al  
,h\s+ ,f9ance ,ag5cy & 9 consultation ) 
! ,secret>y ( ,en]gy1 %all comm5ce a    
/udy to analyze ! relation%ip betwe5    
en]gy sav+s improvem5ts to homes &      
build+s1 utility & en]gy exp5ses1 &     
mortgage p]=mance1 :i* %all include an  
analysis (--  7#a7 ! likely increase 9  

value ( homes or build+s f en]gy sav+s  
improvem5ts2  7#b7 ! effect ( en]gy     
sav+s improvem5ts on mortgage default   
rates2 &  7#c7 ! risks ( f9anc+ en]gy   
sav+s improvem5ts ?r\gh prop]ty         
assessm5ts & ! risks associat$ ) provid+
 en]gy effici5cy products ) s5ior li5s  
on build+s or homes4  7b7 ,protection ( 
in=mation ,9 conduct+ ! /udy requir$ "u 
subsection 7a71 ! ,secret>y %all ensure 
t data %>$ ) any ?ird-p>ty or publi%$   
does n conta9 any p]sonally id5tifiable 
in=mation4  7c7 ,publication ,n lat] ?an
 "o ye> aft] ! date ( ! enactm5t ( ?is  
,act1 ! ,secret>y ( ,h\s+ & ,urban      
,developm5t %all--  7#a7 publi% !       
results ( ! /udy requir$ "u subsection  
7a7 on ! publicly available website ( ! 
,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 
&  7#b7 submit a report reg>d+ ! results
 ( ! /udy requir$ "u subsection 7a7 to !
 ,committee on ,f9ancial ,s]vices ( !   
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate4  7d7 ,evaluation ,n lat] ?an #ab

 mon?s aft] ! completion ( ! /udy       
requir$ by subsection 7a71 ! ,secret>y &
 ! ,director ( ! ,f$]al ,h\s+ ,f9ance   
,ag5cy %all evaluate dep>tm5tal         
proc$ures & policies to assess if !y    
accurately reflect ! en]gy exp5ses &    
b5efits ( en]gy sav+s improvem5ts =     
home[n]s & build+ own]s4  #c4           
,improvem5ts to exi/+ multifamily h\s+  
en]gy effici5cy programs  7a7 ,gre5     
ref9anc+ ,section #bbc ( ! ,national    
,h\s+ ,act 7#ab ,u4,s4,c4 #agaen7 is    
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7h7 ,gre5 ref9anc+ ,!      
,secret>y %all1 by regulation1 e/abli% a
 gre5 ref9anc+ program = multifamily    
h\s+ projects insur$ "u subsection 7f7  
"u :i* any doll> am\nt limitations :i*  
w\ld o!rwise apply ) respect to a       
project may be increas$ by up to #bj    
p]c5t = ! co/ ( resid5tial en]gy        
cons]vation measures = ! project1 b !   
,secret>y %all only insure resid5tial   
en]gy cons]vation measures pursuant to  
?is subsection if ! ,secret>y v]ifies   

t--  7#a7 a ?ird-p>ty assessm5t procur$ 
by ! l5d] or borr[] has be5 conduct$ ( !
 project's physical ne$s1 includ+ an    
en]gy audit & id5tification (           
co/-effective opportunities = increas+  
en]gy & wat] effici5cy & a*iev+ a       
r$uction 9 en]gy & wat] co/s1 & su*     
assessm5t indicates t su* en]gy         
cons]vation measures w be co/-effective 
ov] ! life ( ! cons]vation measure2 &   
7#b7 su* en]gy cons]vation measures w be
 v]ifi$ & monitor$ ov] ! life ( !       
mortgage1 us+ su* me?od z ! ,secret>y   
det]m9es appropriate4  ,= purposes ( ?is
 subsection1 ! t]m en]gy cons]vation    
measure has ! mean+ giv5 su* t]m 9      
section #bba7k77#c7 7#ab ,u4,s4,c4      
#agael7k77#c774  4  7b7 ,v]ification (  
co/-,effectiv5ess ( resid5tial en]gy    
cons]vation measures ,subsection 7k7 (  
section #bba ( ! ,national ,h\s+ ,act   
7#ab ,u4,s4,c4 #agael7k77 is am5d$--    
7#a7 by /rik+ & w be co/-effective ov] !
 life ( ! measure2  7#b7 by /rik+ 7k7 ,)
 respect to any project & ins]t+ !      

foll[+3  7k7 ,f9anc+ ( sol> en]gy sy/ems
 & resid5tial en]gy cons]vation measures
  7#a7 ,au?ority ,subject to p>agraph   
7#b71 ) respect to any project  2 &     
7#c7 by add+ at ! end ! foll[+ new      
p>agraphs3  7#b7 ,v]ification reg>d+    
resid5tial en]gy cons]vation measures ,!
 ,secret>y may increase ! doll> am\nt   
limitations pursuant to p>agraph 7#a7 ) 
respect to a project due to resid5tial  
en]gy cons]vation measures = ! project  
only if ! ,secret>y--  7,a7 v]ifies t 9 
! case ( a mortgage insur$ "u ?is       
section f9anc+ new con/ruction ( !      
project1 su* measures w be co/-effective
 ov] ! life ( ! measures2  7,b7 9 ! case
 ( a mortgage insur$ "u ?is section     
f9anc+ repair & rehabilitation ( !      
project1 v]ifies t a ?ird-p>ty assessm5t
 procur$ by ! l5d] or borr[] has be5    
conduct$ ( ! project's physical ne$s1   
includ+ an en]gy audit & id5tification (
 co/-effective opportunities = increas+ 
en]gy & wat] effici5cy & a*iev+ a       
r$uction 9 en]gy & wat] co/s1 & su*     

assessm5t indicates t ! en]gy           
cons]vation measures to be in/all$ w be 
co/-effective ov] ! life ( ! measures2 &
  7,c7 ensures t ! project is provid$   
in=mation t w enable ! project to v]ify 
& monitor ! en]gy sav+s a*iev$ by !     
en]gy cons]vation measures on a volunt>y
 basis4  7#c7 ,def9ition ( en]gy        
cons]vation measure ,= purposes ( ?is   
subsection1 ! t]m en]gy cons]vation     
measure means1 ) respect to a project1  
any measure t w result 9 a r$uction 9   
en]gy1 wat]1 or gas consumption = !     
project4  4  7c7 ,implem5tation  7#a7   
,guidance ,! ,secret>y ( ,h\s+ & ,urban 
,developm5t %all issue guidance to      
implem5t ! am5dm5ts made by ?is section 
n lat] ?an ! expiration ( ! #ab-mon?    
p]iod beg9n+ on ! date ( ! enactm5t (   
?is ,act4  7#b7 ,annual report on en]gy 
effici5cy improvem5ts ,! ,secret>y (    
,h\s+ & ,urban ,developm5t %all1 on an  
annual basis1 make available on a       
publicly available website ( ! ,dep>tm5t
 a report describ+ ! implem5tation ( !  

am5dm5ts made by ?is section & !        
programs = f9anc+ resid5tial en]gy      
cons]vation measures "u sections #bba7k7
 & #bbc7;h7 ( ! ,national ,h\s+ ,act    
7#ab ,u4,s4,c4 #agael7k71 #agaen7h77 z  
am5d$ by su* am5dm5ts4  #d4 ,multifamily
 h\s+ en]gy effici5cy innovation  7a7   
,multifamily h\s+ en]gy innovation plan 
,! ,secret>y ( ,h\s+ & ,urban           
,developm5t %all c>ry out a program to  
be kn[n z ! ,multifamily ,h\s+ ,en]gy   
,innovation ,plan to make grants to     
eligible entities to e/abli% or exp& an 
en]gy sav+s plan t uses innovative      
approa*es to r$uce en]gy1 wat]1 &_/or   
gas consumption 9 multifamily h\s+4  7b7
 ,submission & selection ( multifamily  
h\s+ en]gy innovation plans  7#a7       
,application ,to be eligible to receive 
a grant "u ?is section1 an eligible     
entity %all submit an application to !  
,secret>y at su* "t1 9 su* mann]1 &     
conta9+ su* in=mation z ! ,secret>y may 
require1 :i* %all include--  7,a7 a     
description ( ! en]gy sav+s plan        

e/abli%$ or exp&$ us+ am\nts f a grant  
"u ?is section t includes goals ( !     
plan1 use ( grant funds1 & ! anticipat$ 
outcome ( ! plan2  7,b7 ! am\nt ( grant 
funds ne$$ = su* plan & ! am\nt & s\rces
 ( o!r fund+1 includ+ mat*+ funds       
requir$ "u subsection 7d77#a72 &  7,c7 a
 description ( h[ implem5t+ su* plan w  
comply ) ! en]gy sav+s requirem5t "u    
subsection 7c77#b74  7#b7 ,selection ,! 
,secret>y %all e/abli% crit]ia =        
selection ( applications submitt$ "u    
p>agraph 7#a7 to receive grants "u ?is  
section & %all select eligible entities 
to receive grants bas$ on su* crit]ia4  
,su* crit]ia %all be bas$ ^u--  7,a7 !  
relevant exp]i5ce & capacity ( !        
eligible entity to c>ry out ! en]gy     
sav+s plan to be assi/$ ) grant am\nts &
 to a*ieve ! /at$ goals ( su* plan2     
7,b7 ! ext5t to :i* su* plan provides an
 innovative approa* to r$uc+ en]gy      
consumption 9 multifamily h\s+2  7,c7 ! 
ability ( su* plan to be replicat$ by   
o!rs2 &  7,d7 su* o!r factors z !       

,secret>y det]m9es to be appropriate4   
7#c7 ,priority ,9 aw>d+ grants "u ?is   
section1 ! ,secret>y %all give priority 
to applications bas$ on--  7,a7 ! ext5t 
( fund+ = ! en]gy sav+s plan secur$ by !
 eligible entity f private1 nonpr(it1 or
 gov]nm5t s\rces 9 addition to ! mat*+  
funds requir$ "u subsection 7d77#a72    
7,b7 ! ext5t ( ! propos$ b5efit ( !     
en]gy sav+s plan to l[-income families2 
&  7,c7 ! ext5t to :i* ! en]gy sav+s    
plan w\ld r$uce budget>y exp5ses = !    
,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 
7c7 ,use ( grant funds  7#a7 ,eligible  
en]gy sav+s plans ,am\nts f grants "u   
?is section may be us$ only = en]gy     
sav+s plans t--  7,a7 are f9anc+        
demon/rations = multifamily h\s+1       
includ+ = f9anc+ ?r\gh cr$it            
enhancem5ts1 revolv+ loan funds1 loan   
loss res]ves1 int]e/ rate subsidies1    
loan insurance1 or o!r f9anc+ me?ods    
approv$ by ! ,secret>y2  7,b7 create    
gre5 jobs1 includ+ 9 ! fields (         
con/ruction1 prop]ty managem5t1 &       

te*nical analysis1 t directly promote ! 
adoption ( en]gy sav+s measures 9       
multifamily h\s+1 includ+ en]gy sav+s   
plans t create gre5 jobs = l[-income    
families2  7,c7 acquire & analyze data  
on ! co/s1 b5efits1 *all5ges1 &         
opportunities associat$ ) retr(itt+     
multifamily h\s+ = en]gy effici5cy2 or  
7,d7 rese>* & implem5t a demon/ration   
project t--  7i7 creates retr(it or     
repair /rategies t use readily available
 te*nologies to r$uce or increase !     
effici5cy ( en]gy1 wat]1 & gas          
consumption t are n typically us$ =     
multifamily h\s+2  7ii7 addresses !     
split inc5tive problem1 includ+         
implem5t+ *anges to me?ods = utility    
met]+ 9 multifamily h\s+2  7iii7 creates
 a sy/em = b5*m>k+1 track+1 & %>+ en]gy 
consumption /ati/ics = multifamily h\s+2
 or  7iv7 a*ieves ano!r goal z approv$  
by ! ,secret>y4  7#b7 ,en]gy sav+s      
requirem5t ,am\nts f a grant "u ?is     
section may be us$ only to c>ry out an  
en]gy sav+s plan describ$ 9 p>agraph    

7#a7 t w result 9 at lea/ a #bj-p]c5t   
r$uction 9 ! en]gy1 wat]1 or gas        
consumption ( multifamily h\s+ & a      
description ( ! me?odology to be us$ to 
compute ! r$uction 9 en]gy consumption4 
7d7 ,o!r requirem5ts  7#a7 ,mat*+ funds 
,an eligible entity t receives a grant  
"u ?is section %all contribute t[>ds !  
en]gy sav+s plan am\nts f private1      
nonpr(it1 or gov]nm5t s\rces t are n    
less ?an ! am\nt ( ! grant4  7#b7       
,duration ,grants %all be aw>d$ = a     
p]iod n to exce$ #bd mon?s4  7#c7       
,eligible entity report ,n lat] ?an #ab 
mon?s aft] ! date on :i* ! grant p]iod (
 an eligible entity t receiv$ a grant "u
 ?is section ends1 ea* su* eligible     
entity %all submit to ! ,secret>y a     
report on ! p]=mance ( en]gy sav+s plans
 c>ri$ out pursuant to ?is section t    
%all conta9 su* in=mation z ! ,secret>y 
%all require4  7e7 ,def9itions ,9 ?is   
section ! foll[+ def9itions %all apply3 
7#a7 ,eligible entity ,! t]m eligible   
entity means a p>tn]%ip betwe5 #b or m (

 ! foll[+ entities3  7,a7 ,a ,/ate or   
unit ( local gov]nm5t4  7,b7 ,a provid] 
( utility s]vices4  7,c7 ,a community   
h\s+ developm5t organization z def9$ 9  
section #ajd ( ! ,cran/on-,gonzalez     
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #abgjd74  7,d7 ,a public h\s+ 
ag5cy z def9$ 9 section #c7;b7 ( !      
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;a7b774  7,e7 ,a         
non-pr(it or =-pr(it entity ^: prim>y   
bus9ess is managem5t ( multifamily h\s+4
  7#b7 ,en]gy sav+s plan ,! t]m en]gy   
sav+s plan means a program1 project1 or 
activity = en]gy sav+s or wat] & gas    
effici5cy 9 multifamily h\s+4  7#c7     
,l[-income families ,! t]m l[-income    
families has ! mean+ giv5 t t]m 9       
section #c7;b7 ( ! ,unit$ ,/ates ,h\s+  
,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b774
  7#d7 ,multifamily h\s+ ,! t]m         
multifamily h\s+ means a resid5ce       
consi/+ ( #e or m dwell+ units4  7#e7   
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,h\s+ & ,urban ,developm5t4 

7#f7 ,split inc5tive problem ,! t]m     
split inc5tive problem means1 ) respect 
to multifamily h\s+1 a situation 9 :i*--
  7,a7 ! occupant ( a dwell+ unit 9 !   
h\s+ does n pay = en]gy1 wat]1 or gas   
consumption = su* unit & is n inc5tiviz$
 to implem5t an en]gy sav+s measure2 or 
7,b7 ! own] does n pay = en]gy1 wat]1 or
 gas consumption = dwell+ units 9 ! h\s+
 & is n inc5tiviz$ to implem5t an en]gy 
sav+s measure4  7#g7 ,/ate ,! t]m ,/ate 
means ea* ( ! sev]al ,/ates1 ! ,di/rict 
( ,columbia1 & any t]ritory or          
possession ( ! ,unit$ ,/ates4  7f7      
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to !         
,secret>y #be1jjj1jjj = fiscal ye>      
#bjae1 #bj1jjj1jjj = fiscal ye> #bjaf1  
#ae1jjj1jjj = fiscal ye> #bjag1 &       
#aj1jjj1jjj = fiscal ye> #bjah to c>ry  
out ?is section4  #e4 ,gre5 pres]vation 
expansion ,dur+ ! #e-ye> p]iod beg9n+ on
 ! date ( ! enactm5t ( ?is ,act1 !      
,secret>y ( ,h\s+ & ,urban ,developm5t  
may waive any /atutory or regulatory    

requirem5t reg>d+ ! eligibility (       
multifamily prop]ties = an exi/+        
risk-%>+ agreem5t ent]$ into "u section 
#edb ( ! ,h\s+ & ,community ,developm5t 
,act ( #aiib 7#ab ,u4,s4,c4 #agaez-#bb71
 b only if su* waiv] facilitates !      
adoption ( en]gy or wat] cons]vation    
measures 9 su* prop]ties4