,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #eajd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ad1 #bjad ,mr4 
,ross 7= himself1 ,mr4 ,himes1 ,mr4     
,delaney1 ,mr4 ,duffy1 ,mr4 ,cleav]1 &  
,mrs4 ,wagn]7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
au?orize ! ,secret>y ( ,h\s+ & ,urban   
,developm5t to c>ry out a demon/ration  
program to ent] into budget-neutral1    
p]=mance-bas$ contracts = en]gy & wat]  
cons]vation improvem5ts = multifamily   
resid5tial units4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,pay ,= ,success   
,af=dable ,h\s+ ,en]gy ,mod]nization    
,act ( #bjad4  #b4  ,budget-neutral     
demon/ration program = en]gy & wat]     
cons]vation improvem5ts at multifamily  
resid5tial units  7a7  ,e/abli%m5t  ,!  
,secret>y ( ,h\s+ & ,urban ,developm5t  
7ref]r$ to 9 ?is section z ! ,secret>y7 
%all e/abli% a demon/ration program "u  
:i*1 dur+ ! p]iod beg9n+ on ! date (    
enactm5t ( ?is ,act1 & end+ on ,septemb]

 #cj1 #bjag1 ! ,secret>y may ent] into  
budget-neutral1 p]=mance-bas$ agreem5ts 
t result 9 a r$uction 9 en]gy or wat]   
co/s ) su* entities z ! ,secret>y       
det]m9es to be appropriate "u :i* !     
entities %all c>ry out projects = en]gy 
or wat] cons]vation improvem5ts at n m  
?an #bj1jjj resid5tial units 9          
multifamily build+s p>ticipat+ 9--  7#a7
 ! project-bas$ r5tal assi/ance program 
"u section #h ( ! ,unit$ ,/ates ,h\s+   
,act ( #aicg 7#db ,u4,s4,c4 #adcg;f71   
o!r ?an assi/ance provid$ "u section    
#h7o7 ( t ,act2  7#b7 ! supportive h\s+ 
= ! eld]ly program "u section #bjb ( !  
,h\s+ ,act ( #aiei 7#ab ,u4,s4,c4       
#agjaq72 or  7#c7 ! supportive h\s+ =   
p]sons ) disabilities program "u section
 #haa7;d77#b7 ( ! ,cran/on-,gonzalez    
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #hjac7;d77#b774  7b7          
,requirem5ts  7#a7  ,paym5ts cont+5t on 
sav+s  7,a7  ,9 g5]al  ,! ,secret>y %all
 provide to an entity a paym5t "u an    
agreem5t "u ?is section only dur+       

applicable ye>s = :i* an en]gy or wat]  
co/ sav+s is a*iev$ ) respect to !      
applicable multifamily portfolio (      
prop]ties1 z det]m9$ by ! ,secret>y1 9  
accordance ) subp>agraph 7,b74  7,b7    
,paym5t me?odology  7i7  ,9 g5]al  ,ea* 
agreem5t "u ?is section %all include a  
pay-=-success provision--  7,i7 t w s]ve
 z a paym5t ?re%old = ! t]m ( !         
agreem5t2 &  7,,ii7 pursuant to :i* !   
,dep>tm5t ( ,h\s+ & ,urban ,developm5t  
%all %>e a p]c5tage ( ! sav+s at a level
 det]m9$ by ! ,secret>y t is suffici5t  
to cov] ! adm9i/rative co/s ( c>ry+ out 
?is section4  7ii7  ,limitations  ,a    
paym5t made by ! ,secret>y "u an        
agreem5t "u ?is section %all--  7,i7 be 
cont+5t on docum5t$ utility sav+s2 &    
7,,ii7 n exce$ ! utility sav+s a*iev$ by
 ! date ( ! paym5t1 & n previ\sly paid1 
z a result ( ! improvem5ts made "u !    
agreem5t4  7,c7  ,?ird-p>ty v]ification 
,sav+s paym5ts made by ! ,secret>y "u   
?is section %all be bas$ on a measurem5t
 & v]ification protocol t includes at   

lea/--  7i7 e/abli%m5t ( a              
wea!r-normaliz$ & occupancy-normaliz$   
utility consumption basel9e e/abli%$    
pre-retr(it2  7ii7 annual ?ird-p>ty     
confirmation ( actual utility           
consumption & co/ = own]-paid utilities2
  7iii7 annual ?ird-p>ty validation ( ! 
t5ant utility all[ances 9 effect dur+ ! 
applicable ye> & vacancy rates = ea*    
unit type2 &  7iv7 annual ?ird-p>ty     
det]m9ation ( sav+s to ! ,secret>y4     
7#b7  ,t]m  ,! t]m ( an agreem5t "u ?is 
section %all be n long] ?an #ab ye>s4   
7#c7  ,entity eligibility  ,! ,secret>y 
%all--  7,a7 e/abli% a competitive      
process = ent]+ into agreem5ts "u ?is   
section2 &  7,b7 ent] into su* agreem5ts
 only ) entities t demon/rate           
significant exp]i5ce relat+ to--  7i7   
f9anc+ & op]at+ prop]ties receiv+       
assi/ance "u a program describ$ 9       
subsection 7a72  7ii7 ov]sight ( en]gy &
 wat] cons]vation programs1 includ+     
ov]sight ( contractors2 &  7iii7 rais+  
capital = en]gy & wat] cons]vation      

improvem5ts f *>itable organizations or 
private inve/ors4  7#d7  ,geographical  
div]sity  ,ea* agreem5t ent]$ into "u   
?is section %all provide = ! inclusion (
 prop]ties ) ! greate/ feasible regional
 & ,/ate v>iance4  7c7  ,plan & reports 
7#a7  ,plan  ,n lat] ?an #ij days aft] !
 date ( enactm5t ( ?is ,act1 ! ,secret>y
 %all submit to ! ,committees on        
,appropriations ( ! ,h\se (             
,repres5tatives & ! ,s5ate a detail$    
plan = ! implem5tation ( ?is section4   
7#b7  ,reports  ,n lat] ?an #a ye> aft] 
! date ( enactm5t ( ?is ,act1 & annually
 !reaft]1 ! ,secret>y %all--  7,a7      
conduct an evaluation ( ! program "u ?is
 section2 &  7,b7 submit to ,congress a 
report describ+ ea* evaluation conduct$ 
"u subp>agraph 7,a74  7d7  ,fund+  ,=   
ea* fiscal ye> dur+ :i* an agreem5t "u  
?is section is 9 effect1 ! ,secret>y may
 use to c>ry out ?is section any funds  
appropriat$ to ! ,secret>y = ! r5ewal ( 
contracts "u a program describ$ 9       
subsection 7a74