,,ii  #aagth ,,congress  #b;d ,session  
,s4 #ddbb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #af1     
#bjbb,ms4 ,klobuchar 7for herself1 ,mr4 
,booker1 ,ms4 ,warren1 ,mr4 ,van        
,hollen1 ,ms4 ,duckworth1 and ,ms4      
,smith7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to increase the low-income housing
 credit for rehabilitation expenditures 
for buildings achieving enhanced energy 
performance1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,energy ,efficiency for         
,affordable ,housing ,act4  #b4         
,increase of credit  7a7 ,in general    
,paragraph 7#b7 of section #db7;e7 of   
the ,internal ,revenue ,code of #aihf is
 amended by adding at the end the       
following new subparagraph3  7,c7       
,increase in credit for buildings       
achieving enhanced energy performance   
7i7 ,in general ,in the case of any     

existing building to which subsection   
7b77#b7 does not apply which achieves   
enhanced energy performance1 the        
rehabilitation expenditures taken into  
account under subparagraph 7,a7 shall be
 #acj percent of such expenditures      
determined without regard to this       
subparagraph4  7ii7 ,enhanced energy    
performance ,for purposes of clause 7i71
 a building achieves enhanced energy    
performance if it meets either of the   
following3 7,i7 ,the minimum            
requirements of an advanced building    
construction standard which shall be    
determined by the ,secretary of ,energy 
using prescriptive or performance       
methods of calculation and promulgated  
by the ,secretary of ,energy within #ahj
 days of the date of the enactment of   
this subparagraph4  7,,ii7 ,in the case 
of a taxpayer which elects 7at such time
 and in such manner as the ,secretary   
may provide7 the application of this    
subclause with respect to the building1 
a qualified retrofit plan4  7iii7       

,definitions ,for purposes of this      
subparagraph-- 7,i7 ,qualified retrofit 
plan ,the term qualified retrofit plan  
means a written plan prepared and       
stamped by a qualified professional     
which specifies modifications to a      
building which1 in the aggregate1 are   
expected to reduce such building's site 
energy usage intensity by #ej percent or
 more in comparison to the baseline     
energy usage intensity of such building4
 ,such plan shall require a qualified   
professional to certify-- 7aa7 the      
baseline energy usage intensity of the  
building1  7bb7 that the modifications  
are expected to reduce such building's  
site energy usage intensity by #ej      
percent or more in comparison to the    
baseline energy usage intensity of such 
building1 and  7cc7 as of any date      
following installation of building      
modifications1 that such modifications  
have been installed4  7,,ii7 ,baseline  
energy usage intensity ,the term        
baseline energy usage intensity means   

the site energy usage intensity as of   
any date during the #bd-month period    
immediately preceding the building      
modifications described in the qualified
 retrofit plan4  7,,iii7 ,site energy   
usage intensity ,the site energy usage  
intensity shall be determined for the   
entire building in accordance with such 
regulations or other guidance as the    
,secretary may provide and measured in  
,british thermal units per square foot  
per year4  7,,iv7 ,qualified            
professional ,the term qualified        
professional means an individual who is 
a licensed architect or a licensed      
engineer or meets such other            
requirements as the ,secretary of       
,energy may provide4  4  7b7 ,increase  
for buildings in high-,cost areas       
,paragraph 7#b7 of section #db7;e7 of   
the ,internal ,revenue ,code of #aihf1  
as amended by subsection 7a71 is further
 amended by adding at the end the       
following new subparagraph3  7,d7       
,special rule for buildings in high-cost

 areas which achieve enhanced energy    
performance ,in the case of an existing 
building to which both subparagraph 7,c7
 and subsection 7d77#e77;,b7 apply 7but 
for this subparagraph7-- 7i7 subsection 
7d77#e77;,b77i77,,ii7 shall not apply1  
and  7ii7 the rehabilitation            
expenditures taken into account under   
subparagraph 7,a7 shall be #afj percent 
of such expenditures determined without 
regard to this subparagraph4  4  7c7    
,effective date  7#a7 ,in general       
,except as provided in paragraph 7#b71  
the amendments made by this section     
shall apply to buildings with respect to
 which housing credit dollar amounts are
 allocated after ,december #ca1 #bjba4  
7#b7 ,bond-financed projects ,in the    
case of any building some portion of    
which1 or of the land on which the      
building is located1 is financed by an  
obligation which is described in section
 #db7;h77#d77;,a7 of the ,internal      
,revenue ,code of #aihf1 the amendments 
made by this section shall apply to any 

such building financed by such an       
obligation which is part of an issue the
 issue date of which is after ,december 
#ca1 #bjba4  #c4 ,coordination with     
basis adjustment under new energy       
efficient home credit  7a7 ,in general  
,subsection 7e7 of section #de,l of the 
,internal ,revenue ,code of #aihf is    
amended by striking any property and    
inserting any property 7other than a    
qualified low-income building1 as       
defined in section #db7;c77#b774  7b7   
,extension of credit ,subsection 7g7 of 
section #de,l of the ,internal ,revenue 
,code of #aihf is amended by striking   
,december #ca1 #bjba and inserting      
,december #ca1 #bjca4  7c7 ,effective   
date ,the amendments made by this       
section shall apply to qualified new    
energy efficient homes acquired after   
,december #ca1 #bjba4