I 
110TH CONGRESS 
2D SESSION 
H. R. 6078 
To encourage energy efficiency and conservation and development of renewable 
energy sources for housing, commercial structures, and other buildings, 
and to create sustainable communities. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 15, 2008 
Mr. PERLMUTTER (for himself, Mr. HODES, Mr. FRANK of Massachusetts, 
Mr. MARKEY, Mrs. MCCARTHY of New York, Mr. KAGEN, Mr. BRALEY 
of Iowa, Mr. MURPHY of Connecticut, Mr. BLUMENAUER, Mr. WILSON 
of Ohio, Mr. ELLISON, Ms. SHEA-PORTER, Mr. WELCH of Vermont, Mr. 
CLEAVER, Mr. OLVER, Mr. EMANUEL, Mr. SALAZAR, Mr. SARBANES, Mr. 
INSLEE, Mr. UDALL of Colorado, Mr. ANDREWS, and Ms. TSONGAS) in-
troduced the following bill; which was referred to the Committee on Fi-
nancial Services 
A BILL 
To encourage energy efficiency and conservation and develop-
ment of renewable energy sources for housing, commer-
cial structures, and other buildings, and to create sus-
tainable communities. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE AND TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Green Resources for Energy Efficient Neighborhoods Act 
of 2008’’ or the ‘‘GREEN Act of 2008’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title and table of contents. 
Sec. 2. Minimum HUD energy efficiency standards and standards for addi-
tional credit. 
Sec. 3. Energy efficiency and conservation demonstration program for multi-
family housing projects assisted with project-based rental as-
sistance. 
Sec. 4. Additional credit for Fannie Mae and Freddie Mac housing goals for 
energy efficient mortgages. 
Sec. 5. Authority of housing-related government-sponsored enterprises with re-
spect to energy-efficient and location-efficient mortgages and 
reporting. 
Sec. 6. Energy-efficient mortgage and location-efficient mortgage goals for 
Fannie Mae and Freddie Mac. 
Sec. 7. FHA energy-efficient housing requirement. 
Sec. 8. Energy efficient mortgages education and outreach campaign. 
Sec. 9. Collection of information on energy-efficient and location efficient mort-
gages through Home Mortgage Disclosure Act. 
Sec. 10. Ensuring availability of homeowners insurance for homes not con-
nected to electricity grid. 
Sec. 11. Mortgage incentives for energy-efficient multifamily housing. 
Sec. 12. Energy efficiency certifications for housing with mortgages insured by 
FHA. 
Sec. 13. Assisted housing energy loan program. 
Sec. 14. Making it green. 
Sec. 15. Residential energy efficiency block grant program. 
Sec. 16. Including sustainable development in comprehensive housing afford-
ability strategies. 
Sec. 17. Grant program to increase sustainable low-income community develop-
ment capacity. 
Sec. 18. Utilization of energy performance contracts in HOPE VI. 
Sec. 19. HOPE VI green developments requirement. 
Sec. 20. Community Reinvestment Act credits for energy efficient mortgages 
and green building efforts. 
Sec. 21. Consideration of energy-efficiency improvements in appraisals. 
Sec. 22. Assistance for Housing Assistance Council. 
Sec. 23. Rural housing and economic development assistance. 
Sec. 24. Revolving fund for loans to States and Indian tribes to carry out re-
newable energy sources activities. 
Sec. 25. Green banking centers. 
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SEC. 2. MINIMUM HUD ENERGY EFFICIENCY STANDARDS 
AND STANDARDS FOR ADDITIONAL CREDIT. 
(a) MINIMUM HUD STANDARD.— 
(1) RESIDENTIAL STRUCTURES.—A residential 
single family or multifamily structure shall be con-
sidered to comply with the energy efficiency require-
ments under this subsection if— 
(A) the structure complies with the appli-
cable provisions of the American Society of 
Heating, Refrigerating, and Air-Conditioning 
Engineers Standard 90.1–2007, as such stand-
ard is in effect for purposes of this section pur-
suant subsection (c); 
(B) the structure complies with the appli-
cable provisions of the 2006 International En-
ergy Conservation Code, as such standard is in 
effect for purposes of this section pursuant sub-
section (c); 
(C) in the case only of an existing struc-
ture, the energy consumption for the structure 
has been reduced by at least 30 percent from 
the previous level of consumption, as deter-
mined in accordance with energy audits per-
formed both before and after any rehabilitation 
or improvements undertaken to reduce such 
consumption; or 
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(D) the structure complies with the appli-
cable provisions of such other energy efficiency 
requirements, standards, checklists, or ratings 
systems as the Secretary may, by regulation, 
adopt and apply, for purposes of this section for 
specific types of residential single family or 
multifamily structures or otherwise, except that 
the Secretary shall make a determination re-
garding whether to adopt and apply any such 
requirements, standards, checklists, or rating 
system for purposes of this section not later 
than the expiration of the 180-day period begin-
ning upon submission of any written request, 
made in such form as the Secretary shall pro-
vide, for such adoption and application. 
(2) NONRESIDENTIAL STRUCTURES.—The Sec-
retary of Housing and Urban Development shall, by 
regulation, identify and adopt, for purposes of this 
section, energy efficiency requirements, standards, 
checklists, or rating systems applicable to nonresi-
dential structures. A nonresidential structure shall 
be considered to comply with the energy efficiency 
requirements under this subsection if the structure 
complies with the applicable provisions of any such 
energy efficiency requirements, standards, checklist, 
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or rating systems identified and adopted by the Sec-
retary pursuant to this paragraph, as such stand-
ards are in effect for purposes of this section pursu-
ant to subsection (c). 
(b) ADDITIONAL CREDIT
FOR FURTHER COMPLI-
ANCE WITH ENERGY EFFICIENCY AND CONSERVATION 
OR GREEN BUILDING STANDARDS.— 
(1) IN
GENERAL.—In addition to compliance 
with the energy efficiency requirements under sub-
section (a), a residential or nonresidential structure 
shall be considered to comply with the energy effi-
ciency and conservation standards under this sub-
section, or with the green building standards under 
this subsection, to the extent that such structure 
complies with the applicable provisions of the stand-
ards under in paragraph (2) or (3), respectively (as 
such standards are in effect for purposes of this sec-
tion, pursuant to subsection (c)), in a manner that 
is not required for compliance with the energy effi-
ciency requirements under subsection (a). 
(2) ENERGY EFFICIENCY AND CONSERVATION 
STANDARDS.—The energy efficiency and conserva-
tion standards under this paragraph are as follows: 
(A) RESIDENTIAL STRUCTURES.—With re-
spect to residential structures: 
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(i) NEW
CONSTRUCTION.—For new 
construction, the Energy Star standards 
establish by the Environmental Protection 
Agency, as such standards are in effect for 
purposes of this subsection pursuant to 
subsection (c); 
(ii) EXISTING STRUCTURES.—For ex-
isting structures, a reduction in energy 
consumption from the previous level of 
consumption for the structure, as deter-
mined in accordance with energy audits 
performed both before and after any reha-
bilitation or improvements undertaken to 
reduce such consumption, that exceeds the 
reduction necessary for compliance with 
the energy efficiency requirement under 
subsection (a)(1)(C). 
(B) 
NONRESIDENTIAL
STRUCTURES.— 
With respect to nonresidential structures, such 
energy efficiency and conservation require-
ments, standards, checklists, or rating systems 
for nonresidential structures as the Secretary 
shall, by regulation, identify and adopt, for pur-
poses of this paragraph. 
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(3) GREEN BUILDING STANDARDS.—The green 
building standards under this paragraph are as fol-
lows: 
(A) The national Green Communities cri-
teria checklist for residential construction that 
provides criteria for the design, development, 
and operation of affordable housing, as such 
checklist is in effect for purposes of this section 
pursuant to subsection (c). 
(B) The Gold Version of the LEED for 
New Construction rating system, the LEED for 
Core and Shell rating system, the LEED for 
Commercial Interiors rating system, as applica-
ble, as such systems are in effect for purposes 
of this section pursuant to subsection (c). 
(C) The Green Globes assessment and rat-
ing system of the Green Buildings Initiative. 
(D) For manufactured housing, the most 
recent version of the National Fire Protection 
Association standard 501, and energy star rat-
ing with respect to fixtures, appliances, and 
equipment in such housing, as such standard is 
in effect for purposes of this section pursuant 
to subsection (c). 
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(E) Any other requirements, standards, 
checklists, or rating systems for green building 
or sustainability as the Secretary may, by regu-
lation, identify and adopt for purposes of this 
paragraph, except that the Secretary shall make 
a determination regarding whether to adopt and 
apply any such requirements, standards, check-
list, or rating system for purposes of this sec-
tion not later than the expiration of the 180- 
day period beginning upon submission of any 
written request, made in such form as the Sec-
retary shall provide, for such adoption and ap-
plication. 
(4) GREEN BUILDING.—For purposes of this 
subsection, the term ‘‘green building’’ means, with 
respect to standards for structures, standards to re-
quire use of sustainable design principles to reduce 
the use of nonrenewable resources, minimize the im-
pact of development on the environment, and to im-
prove indoor air quality. 
(5) ENERGY AUDITS.—The Secretary of Hous-
ing and Urban Development, in consultation with 
any advisory committees established pursuant to sec-
tion 3(c)(2) of this Act, shall establish standards 
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and requirements for energy audits for purposes of 
paragraph (2)(A)(ii). 
(c) APPLICABILITY
AND
UPDATING
OF
STAND-
ARDS.— 
(1) APPLICABILITY.—Except as provided in 
paragraph (2), the requirements, standards, check-
lists, and rating systems referred to in subsections 
(a) and (b) that are in effect for purposes of this 
section are such requirements, standards, checklists, 
and systems are as in existence upon the date of the 
enactment of this Act. 
(2) UPDATING.—The Secretary may, by regula-
tion, adopt and apply, for purposes of this section, 
future amendments and supplements to, and editions 
of, the requirements, standards, checklists, and rat-
ing systems referred to in subsections (a) and (b). 
SEC. 3. ENERGY EFFICIENCY AND CONSERVATION DEM-
ONSTRATION PROGRAM FOR MULTIFAMILY 
HOUSING 
PROJECTS 
ASSISTED 
WITH 
PROJECT-BASED RENTAL ASSISTANCE. 
(a) AUTHORITY.—The Secretary of Housing and 
Urban Development shall conduct a program to dem-
onstrate the effectiveness of funding a portion of the costs 
of carrying out energy efficiency and conservation and 
green building measures for multifamily housing projects 
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for which project-based rental assistance is provided under 
a covered multifamily assistance program by providing ad-
ditional adjustments in maximum monthly rents, addi-
tional project rental assistance, or additional assistance 
under the Native American Housing Assistance and Self- 
Determination Act of 1996, for dwelling units in such 
projects that are provided such assistance. 
(b) GOALS.—The demonstration program under this 
section shall be carried out in a manner that— 
(1) protects the financial interests of the Fed-
eral Government; 
(2) reduces the proportion of funds provided by 
the Federal Government and by owners and resi-
dents of multifamily housing projects that are used 
for costs of utilities for the projects; 
(3) encourages energy efficiency and conserva-
tion by owners and residents of multifamily housing 
projects and installation of renewable energy im-
provements, such as improvements providing for use 
of solar, wind, geothermal, or biomass energy 
sources; 
(4) creates incentives for project owners to 
carry out such energy efficiency renovations and im-
provements by allowing a portion of the savings in 
operating costs resulting from such renovations and 
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improvements to be retained by the project owner, 
notwithstanding otherwise applicable limitations on 
dividends; 
(5) promotes the installation, in existing resi-
dential buildings, of energy-efficient and cost-effec-
tive improvements and renewable energy improve-
ments, such as improvements providing for use of 
solar, wind, geothermal, or biomass energy sources; 
(6) tests the efficacy of a variety of energy effi-
ciency measures for multifamily housing projects of 
various sizes and in various geographic locations; 
(7) tests methods for addressing the various, 
and often competing, incentives that impede owners 
and residents of multifamily housing projects from 
working together to achieve energy efficiency or con-
servation; and 
(8) creates a database of energy efficiency and 
conservation, and renewable energy, techniques, en-
ergy savings management practices, and energy effi-
ciency and conservation financing vehicles. 
(c) APPROACHES.—In carrying out the demonstra-
tion program under this section, the Secretary may— 
(1) enter into agreements with the Building 
America Program of the Department of Energy, the 
Partnership for Advancing Technology in Housing of 
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the Department of Housing and Urban Develop-
ment, and other consensus committees under which 
such programs, partnerships, or committees assume 
some or all of the functions, obligations, and benefits 
of the Secretary with respect to energy savings; 
(2) establish advisory committees to advise the 
Secretary and any such third party partners on tech-
nological and other developments in the area of en-
ergy efficiency and the creation of an energy effi-
ciency and conservation credit facility and other fi-
nancing opportunities, which committees shall in-
clude representatives of homebuilders, realtors, non-
profit housing organizations, environmental protec-
tion organizations, renewable energy organizations, 
and advocacy organizations for the elderly and per-
sons with disabilities; 
(3) approve, for a period not to exceed 10 
years, additional adjustments in the maximum 
monthly rents, additional project rental assistance, 
or additional assistance under the Native American 
Housing Assistance and Self-Determination Act of 
1996, as applicable, for dwelling units in multifamily 
housing projects that are provided project-based 
rental assistance under a covered multifamily assist-
ance program, in such amounts as may be necessary 
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to amortize a portion of the cost of energy efficiency 
and conservation measures for such projects; 
(4) develop a competitive process for the award 
of such additional assistance for multifamily housing 
projects seeking to implement energy efficiency, re-
newable energy sources, or conservation measures; 
and 
(5) waive or modify any existing statutory or 
regulatory provision that would otherwise impair the 
implementation or effectiveness of the demonstration 
program under this section, including provisions re-
lating to methods for rent adjustments, com-
parability standards, maximum rent schedules, and 
utility allowances, except that the Secretary may not 
waive any statutory or regulatory requirement relat-
ing to fair housing, nondiscrimination, labor stand-
ards, or the environment. 
(d) REQUIREMENT.—During the 3-year period begin-
ning upon the date of the enactment of this Act, the Sec-
retary shall carry out demonstration programs under this 
section with respect to not fewer than 50,000 dwelling 
units. 
(e) SELECTION.— 
(1) SCOPE.—In order to provide a broad and 
representative profile for use in designing a program 
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which can become operational and effective nation-
wide, the Secretary shall carry out the demonstra-
tion program under this section with respect to 
dwelling units located in a wide variety of geographic 
areas and project types assisted by the various cov-
ered multifamily assistance programs and using a 
variety of energy efficiency and conservation and 
funding techniques to reflect differences in climate, 
types of dwelling units and technical and scientific 
methodologies, and financing options. The Secretary 
shall ensure that the geographic areas included in 
the demonstration program include dwelling units on 
Indian lands (as such term is defined in section 
2601 of the Energy Policy Act of 1992 (25 U.S.C. 
3501). 
(2) PRIORITY.—The Secretary shall provide pri-
ority for selection for participation in the program 
under this section based on the extent to which, as 
a result of assistance provided under the program 
for the multifamily housing project, the project will 
comply with— 
(A) the energy efficiency standard under 
section 2(a); and 
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(B) the energy efficiency and conservation 
standards, and the green building standards, 
under section 2(b) of such Act. 
(f) USE
OF EXISTING PARTNERSHIPS.—The Sec-
retary shall— 
(1) utilize the Partnership for Advancing Tech-
nology in Housing of the Department of Housing 
and Urban Development to the extent feasible in 
carrying out this section and to provide education 
and outreach regarding the program under this sec-
tion; and 
(2) consult with the Secretary of Energy, the 
Administrator of the Environmental Protection 
Agency, and the Secretary of the Army regarding 
utilizing the Building America Program of the De-
partment of Energy, the Energy Star Program, and 
the Army Corps of Engineers, respectively, to the ex-
tent feasible in carrying out this section and to pro-
vide education and outreach regarding the program 
under this section. 
(g) REPORTS.— 
(1) ANNUAL.—During the 3-year period begin-
ning upon the date of the enactment of this Act, the 
Secretary shall submit a report to the Congress an-
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nually that describes and assesses the demonstration 
program under this section. 
(2) FINAL.—Not later than six months after 
the expiration of the 3-year period described in sub-
section (d), the Secretary shall submit a final report 
to the Congress assessing the demonstration pro-
gram, which— 
(A) shall assess the potential for expanding 
the demonstration program on a nationwide 
basis; and 
(B) shall include descriptions of— 
(i) the size of each multifamily hous-
ing project for which assistance was pro-
vided under the program; 
(ii) the geographic location of each 
project assisted, by State and region; 
(iii) the criteria used to select the 
projects for which assistance is provided 
under the program; 
(iv) the energy efficiency and con-
servation measures and financing sources 
used for each project that is assisted under 
the program; 
(v) the difference, before and during 
participation in the demonstration pro-
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gram, in the amount of the monthly assist-
ance payments under the covered multi-
family assistance program for each project 
assisted under the program; 
(vi) the average length of the term of 
the such assistance provided under the 
program for a project; 
(vii) the aggregate amount of savings 
generated by the demonstration program 
and the amount of savings expected to be 
generated by the program over time on a 
per-unit and aggregate program basis; 
(viii) the functions performed in con-
nection with the implementation of the 
demonstration program that were trans-
ferred or contracted out to any third par-
ties; 
(ix) an evaluation of the overall suc-
cesses and failures of the demonstration 
program; and 
(x) recommendations for any actions 
to be taken as a result of the such suc-
cesses and failures. 
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(3) CONTENTS.—Each annual report pursuant 
to paragraph (1) and the final report pursuant to 
paragraph (2) shall include— 
(A) a description of the status of each mul-
tifamily housing project selected for participa-
tion in the demonstration program under this 
section; and 
(B) findings from the program and rec-
ommendations for any legislative actions. 
(h) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) COVERED MULTIFAMILY ASSISTANCE PRO-
GRAM.—The term ‘‘covered multifamily assistance 
program’’ means— 
(A) the program under section 8 of the 
United States Housing Act of 1937 (42 U.S.C. 
1437f) for project-based rental assistance; 
(B) the program under section 202 of the 
Housing Act of 1959 (12 U.S.C. 1701q) for as-
sistance for supportive housing for the elderly; 
(C) the program under section 811 of the 
Cranston-Gonzalez National Affordable Hous-
ing Act (42 U.S.C. 8013) for supportive hous-
ing for persons with disabilities; and 
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(D) the program for assistance under the 
Native American Housing Assistance and Self- 
Determination Act of 1996 (25 U.S.C. 4111). 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Housing and Urban Development. 
(i) REGULATIONS.—Not later than the expiration of 
the 180-day period beginning on the date of the enactment 
of this Act, the Secretary shall issue any regulations nec-
essary to carry out this section. 
SEC. 4. ADDITIONAL CREDIT FOR FANNIE MAE AND 
FREDDIE MAC HOUSING GOALS FOR ENERGY 
EFFICIENT MORTGAGES. 
Section 1336(a) of the Housing and Community De-
velopment Act of 1992 (12 U.S.C. 4566(a)) is amended— 
(1) in paragraph (2), by inserting ‘‘, except as 
provided in paragraph (4),’’ after ‘‘which’’; and 
(2) by adding at the end the following new 
paragraph: 
‘‘(5) ADDITIONAL CREDIT.— 
‘‘(A) IN GENERAL.—In assigning credit to-
ward achievement under this section of the 
housing goals for mortgage purchase activities 
of the enterprises, the Director shall assign— 
‘‘(i) more than 125 percent credit, for 
such purchases that both— 
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‘‘(I) comply with the require-
ments of such goals; and 
‘‘(II) support housing that meets 
the energy efficiency standards under 
section 2(a) of the Green Resources 
for Energy Efficient Neighborhoods 
Act of 2008; and 
‘‘(ii) credit in addition to credit under 
clause (i), for purchases that both— 
‘‘(I) comply with the require-
ments of such goals, and 
‘‘(II) support housing that com-
plies with the energy efficiency and 
conservation standards, or the green 
building standards, under section 2(b) 
of such Act, or both, 
and such additional credit shall be given 
based on the extent to which the housing 
supported with such purchases complies 
with such standards. 
‘‘(B) TREATMENT OF ADDITIONAL CRED-
IT.—The availability of additional credit under 
this paragraph shall not be used to increase any 
housing goal, subgoal, or target established 
under this subpart.’’. 
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SEC. 5. AUTHORITY OF HOUSING-RELATED GOVERNMENT- 
SPONSORED ENTERPRISES WITH RESPECT 
TO ENERGY-EFFICIENT AND LOCATION-EFFI-
CIENT MORTGAGES AND REPORTING. 
(a) FANNIE MAE PURCHASE AUTHORITY.—The Fed-
eral National Mortgage Association Charter Act is amend-
ed— 
(1) in section 302(b) (12 U.S.C. 1717(b)), by 
adding at the end the following new paragraph: 
‘‘(7) The mortgages specified in this subsection that 
the corporation is authorized to purchase, sell, service, 
lend on the security of, and otherwise deal in, shall include 
any such mortgages that are energy-efficient mortgages 
or location-efficient mortgages (as such terms are defined 
in section 1334A of Housing and Community Develop-
ment Act of 1992).’’; and 
(2) in section 309 (12 U.S.C. 1723a)— 
(A) in subsection (m)— 
(i) in paragraph (1)— 
(I) by redesignating subpara-
graphs (D) and (E) as subparagraphs 
(E) and (F), respectively; and 
(II) by inserting after subpara-
graph (C) the following new subpara-
graph: 
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‘‘(D) whether a particular mortgage purchased 
is an energy-efficient or location-efficient mortgage 
(as such terms are defined in section 1334A of 
Housing and Community Development Act of 
1992);’’; and 
(ii) in paragraph (2)(D), by inserting 
before the closing parenthesis the fol-
lowing: ‘‘, and whether the mortgage is an 
energy-efficient or location-efficient mort-
gage (as such terms are defined in section 
1334A of Housing and Community Devel-
opment Act of 1992)’’; and 
(B) in subsection (n)(2)(C), by inserting 
before the semicolon the following: ‘‘and the ex-
tent to which the mortgages on single family 
and multifamily housing purchased by the cor-
poration are energy-efficient or location efficient 
mortgages (as such terms are defined in section 
1334A of Housing and Community Develop-
ment Act of 1992)’’. 
(b) FREDDIE MAC PURCHASE AUTHORITY.—The 
Federal Home Loan Mortgage Corporation Act is amend-
ed— 
(1) in section 305(a) (12 U.S.C. 1454), by add-
ing at the end the following new paragraph: 
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‘‘(6) The mortgages specified in this subsection that 
the Corporation is authorized to purchase, sell, service, 
lend on the security of, and otherwise deal in, shall include 
any such mortgages that are energy-efficient mortgages 
or location-efficient mortgages (as such terms are defined 
in section 1334A of Housing and Community Develop-
ment Act of 1992).’’; and 
(2) in section 307 (12 U.S.C. 1456)— 
(A) in subsection (e)— 
(i) in paragraph (1)— 
(I) by redesignating subpara-
graphs (D) and (E) as subparagraphs 
(E) and (F), respectively; and 
(II) by inserting after subpara-
graph (C) the following new subpara-
graph: 
‘‘(D) whether a particular mortgage purchased 
is an energy-efficient or location-efficient mortgage 
(as such terms are defined in section 1334A of 
Housing and Community Development Act of 
1992);’’; and 
(ii) in paragraph (2)(D), by inserting 
before the closing parenthesis the fol-
lowing: ‘‘, and whether the mortgage is an 
energy-efficient or location-efficient mort-
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gage (as such terms are defined in section 
1334A of Housing and Community Devel-
opment Act of 1992)’’; and 
(B) in subsection (f)(2)(C), by inserting 
before the semicolon the following: ‘‘and the ex-
tent to which the mortgages on single family 
and multifamily housing purchased by the Cor-
poration are energy-efficient or location efficient 
mortgages (as such terms are defined in section 
1334A of Housing and Community Develop-
ment Act of 1992)’’. 
(c) FEDERAL HOME LOAN BANK ADVANCE AUTHOR-
ITY.—Section 10 of the Federal Home Loan Bank Act (12 
U.S.C. 143) is amended— 
(1) in subsection (a), by adding at the end the 
following new paragraph: 
‘‘(7) ENERGY-EFFICIENT AND LOCATION-EFFI-
CIENT
RESIDENTIAL
MORTGAGES.—Funds from a 
long-term advance under this section provided to a 
member for residential housing finance under para-
graph (2)(A), or to a community financial institution 
pursuant to paragraph (2)(B), may be used for en-
ergy-efficient mortgages or location-efficient mort-
gages (as such terms are defined in section 1334A 
of Housing and Community Development Act of 
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1992). The Board shall require each Federal Home 
Loan Bank to submit reports to the Board annually 
setting forth the extent of financing of energy-effi-
cient mortgages and location-efficient mortgages by 
members using advances under this section, and the 
Board shall submit a report to the Congress annu-
ally compiling such information.’’. 
SEC. 6. ENERGY-EFFICIENT MORTGAGE AND LOCATION-EF-
FICIENT MORTGAGE GOALS FOR FANNIE MAE 
AND FREDDIE MAC. 
(a) PURPOSES.— 
(1) FANNIE MAE.—Section 301 of the Federal 
National Mortgage Association Charter Act (12 
U.S.C. 1716) is amended— 
(A) in paragraph (4), by striking ‘‘and’’ at 
the end; 
(B) in paragraph (5), by striking the pe-
riod at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following new 
paragraph: 
‘‘(6) promote and facilitate the use of energy- 
efficient mortgages and location-efficient mort-
gages.’’. 
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(2) FREDDIE MAC.—Subsection (b) of section 
301 of the Federal Home Loan Mortgage Corpora-
tion Act (12 U.S.C. 1451 note) is amended— 
(A) in paragraph (3), by striking ‘‘and’’ at 
the end; 
(B) in paragraph (5), by striking the pe-
riod at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following new 
paragraph: 
‘‘(5) to promote and facilitate the use of en-
ergy-efficient mortgages and location-efficient mort-
gages.’’. 
(b) GOALS FOR MORTGAGE PURCHASES.— 
(1) IN GENERAL.—The Housing and Commu-
nity Development Act of 1992 is amended by insert-
ing after section 1334 (12 U.S.C. 4564) the fol-
lowing new section: 
‘‘SEC. 
1334A. 
ENERGY-EFFICIENT 
AND 
LOCATION-EFFI-
CIENT MORTGAGES GOALS. 
‘‘(a) IN GENERAL.—The Director shall establish an-
nual goals for the purchase by each enterprise of mort-
gages, for single-family, owner-occupied housing, of each 
of the following types: 
‘‘(1) Energy-efficient mortgages. 
‘‘(2) Location-efficient mortgages. 
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‘‘(b) TARGETS.—The annual goals under this section 
for each enterprise shall be as follows: 
‘‘(1) ENERGY-EFFICIENT MORTGAGES.—For en-
ergy efficient mortgages— 
‘‘(A) during the years 2012 through 2016, 
5 percent of the mortgages for single-family, 
owner-occupied homes that are purchased dur-
ing each such year by the enterprise; 
‘‘(B) during the years 2017 through 2021, 
10 percent of such mortgages that are pur-
chased during each such year by the enterprise; 
and 
‘‘(C) during 2022 and each year there-
after, 25 percent of such mortgages that are 
purchased during each such year by the enter-
prise. 
‘‘(2) LOCATION-EFFICIENT
MORTGAGES.—For 
location-efficient mortgages— 
‘‘(A) during the years 2012 through 2016, 
3 percent of the mortgages for single-family, 
owner-occupied homes that are purchased dur-
ing each such year by the enterprise; 
‘‘(B) during the years 2017 through 2021, 
6 percent of such mortgages that are purchased 
during each such year by the enterprise; and 
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‘‘(C) during 2022 and each year there-
after, 10 percent such mortgages that are pur-
chased during each such year by the enterprise. 
‘‘(c) PLAN AND REPORTS.—The Director shall re-
quire each enterprise— 
‘‘(1) not later than January 1, 2012, to develop 
and submit to the Director a plan that provides by 
2020 for the use and purchase of energy-efficient 
mortgages in a manner designed to help achieve, in 
single-family homes financed with mortgages pur-
chased by the enterprise, a 50 percent reduction in 
aggregate home energy use of fossil fuels (compared 
to the level of such use as of the date of the enact-
ment of the Green Resources for Energy Efficient 
Neighborhoods Act of 2008) through reduced use of 
such fuels or transition to reliance on renewable en-
ergy resources, such as wind, solar, geothermal, or 
biomass, or any combination thereof; and 
‘‘(2) submit a report to the Congress annually 
that— 
‘‘(A) describes the extent of mortgage pur-
chases described in subsection (b)(1) and of 
compliance with the goal established pursuant 
to such subsection; 
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‘‘(B) describes the extent of mortgage pur-
chases described in subsection (b)(2) and of 
compliance with the goal established pursuant 
to such subsection; and 
‘‘(C) the progress being made by the enter-
prise in carrying out the plan developed pursu-
ant to paragraph (1) and toward the goal de-
scribed in such paragraph. 
‘‘(d) REPORTS.—Not later than December 31 of each 
year from 2012 through 2022, the Secretary of Housing 
and Urban Development shall submit to the Congress a 
report that— 
‘‘(1) identifies the potential markets for energy- 
efficient and location-efficient mortgages for single- 
family and multifamily housing and any existing 
barriers to wider use of such products; and 
‘‘(2) identifies any correlations between defaults 
on mortgages for single-family or multifamily hous-
ing and the extent of the energy efficiency and loca-
tion efficiency of such housing. 
‘‘(e) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
‘‘(1) The term ‘energy efficient mortgage’ 
means a mortgage loan under which the income of 
the borrower, for purposes of qualification for such 
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loan, is considered to be increased by not less than 
$1 for each $1 of savings projected to be realized by 
the borrower as a result of cost-effective energy sav-
ing construction or improvements (including use of 
renewable energy sources, such as geothermal, bio-
mass, and wind, solar hot water heaters, solar-as-
sisted air conditioners and ventilators, super-insula-
tion, energy-saving windows, insulating glass and 
film, and radiant barrier) for the home for which the 
loan is made. 
‘‘(2) The term ‘location efficient mortgage’ 
means a mortgage loan under which the income of 
the borrower, for purposes of qualification for such 
loan, is considered to be increased by not less than 
$1 for each $1 of savings projected to be realized by 
the borrower because the location of the home for 
which loan is made results in decreased transpor-
tation costs for the household of the borrower.’’. 
(2) 
REPORTS, 
ENFORCEMENT, 
AND
CON-
FORMING AMENDMENTS.—Title XIII of the Housing 
and Community Development Act of 1992 is amend-
ed— 
(A) in subsection (b) of section 1324 (12 
U.S.C. 4542(b))— 
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(i) in paragraph (4), by striking ‘‘and 
1334’’ and inserting ‘‘1334, and 1334A’’; 
(ii) by redesignating paragraphs (4) 
through (7) as paragraphs (5) through (8), 
respectively; and 
(iii) by inserting after paragraph (3) 
the following new paragraph: 
‘‘(4) aggregate and analyze appropriate data to 
assess the compliance of each enterprise with the en-
ergy-efficient 
and 
location-efficient 
mortgages 
goals;’’; 
(B) in subsection (a) of section 1331 (12 
U.S.C. 4561(a))— 
(i) by striking ‘‘and’’ before ‘‘a central 
cities’’; and 
(ii) by inserting before the period at 
the end of the first sentence the following: 
‘‘, and energy-efficient and location-effi-
cient mortgages goals pursuant to section 
1334A’’; 
(C) in section 1335 (12 U.S.C. 4565)— 
(i) in the matter in subsection (a) 
that precedes paragraph (1)— 
(I) by striking ‘‘and’’ before ‘‘the 
central cities’’; and 
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(II) by inserting after ‘‘section 
1334,’’ the following: ‘‘, and the en-
ergy-efficient 
and 
location-efficient 
mortgages goals pursuant to section 
1334A’’; 
(ii) in subsection (b), by striking ‘‘and 
1334’’ and inserting ‘‘, 1334, and 1334A’’; 
and 
(D) in section 1336 (12 U.S.C. 4566)— 
(i) in paragraph (1) of subsection (a), 
by striking ‘‘and 1334’’ and inserting ‘‘, 
1334, and 1334A’’; and 
(ii) by striking ‘‘or 1334’’ each place 
such term appears and inserting ‘‘, 1334, 
or 1334A’’. 
SEC. 7. FHA ENERGY-EFFICIENT HOUSING REQUIREMENT. 
(a) REQUIREMENT.—Title V of the National Housing 
Act is amended by adding after section 542 (12 U.S.C. 
1735f–20) the following new section: 
‘‘SEC. 543. ENERGY-EFFICIENT HOUSING REQUIREMENT. 
‘‘(a) IN GENERAL.—Subject only to sufficient author-
ity to insure mortgages under this Act having an aggre-
gate outstanding principal obligation in the amount pro-
vided under this subsection, in carrying out this Act the 
Secretary shall ensure that, at all times after December 
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31, 2012, the aggregate outstanding principal obligation 
of mortgages on single-family housing meeting the energy 
efficiency standards under section 2(a) of the Green Re-
sources for Energy Efficient Neighborhoods Act of 2008 
that are insured by the Secretary is not less than 
$1,000,000,000. 
‘‘(b) AUTHORIZATION OF APPROPRIATIONS.—There 
is authorized to be appropriated such sums as may be nec-
essary for any additional costs (as such term is defined 
in section 502 of the Federal Credit Reform Act of 1990 
(2 U.S.C. 661a)) under this Act resulting from compliance 
with subsection (a).’’. 
(b) REPORTING ON DEFAULTS.—Section 540(b)(2) 
of the National Housing Act (12 U.S.C. 1735f–18(b)(2)) 
is amended by adding at the end the following new para-
graph: 
‘‘(3) With respect to each collection period that 
commences after December 31, 2011, the total num-
ber of mortgages on single-family housing meeting 
the energy efficiency standards under section 2(a) of 
the Green Resources for Energy Efficient Neighbor-
hoods Act of 2008 that are insured by the Secretary 
during the applicable collection period, the number 
of defaults and foreclosures occurring on such mort-
gages during such period, the percentage of the total 
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of such mortgages insured during such period on 
which defaults and foreclosure occurred, and the 
rate for such period of defaults and foreclosures on 
such mortgages compared to the overall rate for 
such period of defaults and foreclosures on mort-
gages for single-family housing insured by the Sec-
retary.’’. 
SEC. 8. ENERGY EFFICIENT MORTGAGES EDUCATION AND 
OUTREACH CAMPAIGN. 
Section 513 of the Housing and Community Develop-
ment Act of 1992 (42 U.S.C. 12712 note) is amended by 
adding at the end the following new subsection: 
‘‘(g) EDUCATION AND OUTREACH CAMPAIGN.—The 
Secretary, in consultation and coordination with the Sec-
retary of Energy, the Secretary of Education, and the Ad-
ministrator of the Environmental Protection Agency, shall 
carry out a public awareness, education, and outreach 
campaign to inform and educate residential lenders and 
prospective borrowers regarding the availability, benefits, 
advantages, and terms of energy efficient mortgages made 
available pursuant to this section, energy efficient mort-
gages that meet the requirements of section 1334A of this 
Act, and other mortgages, including mortgages for multi-
family housing, that have energy improvement features 
and to publicize such availability, benefits, advantages, 
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and terms. Such actions may include entering into a con-
tract with an appropriate entity to publicize and market 
such mortgages through appropriate media.’’. 
SEC. 9. COLLECTION OF INFORMATION ON ENERGY-EFFI-
CIENT AND LOCATION EFFICIENT MORT-
GAGES THROUGH HOME MORTGAGE DISCLO-
SURE ACT. 
(a) IN GENERAL.—Section 304(b)(1) of the Home 
Mortgage Disclosure Act of 1975 (12 U.S.C. 2803(b)(1)) 
is amended— 
(1) in paragraph (3), by striking ‘‘and’’ at the 
end; 
(2) in paragraph (4), by striking the period at 
the end and inserting a semicolon; and 
(3) by adding at the end the following new 
paragraphs: 
‘‘(5) the number and dollar amount of mort-
gage loans for single-family housing and for multi-
family housing that are energy-efficient mortgages 
(as such term is defined in section 1334A of Hous-
ing and Community Development Act of 1992); and 
‘‘(6) the number and dollar amount of mort-
gage loans for single-family housing and for multi-
family housing that are location-efficient mortgages 
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(as such term is defined in section 1334A of Hous-
ing and Community Development Act of 1992).’’. 
(b) APPLICABILITY.—The amendment made by sub-
section (a) shall apply with respect to the first calendar 
year that begins after the expiration of the 30-day period 
beginning on the date of the enactment of this Act. 
SEC. 10. ENSURING AVAILABILITY OF HOMEOWNERS IN-
SURANCE FOR HOMES NOT CONNECTED TO 
ELECTRICITY GRID. 
(a) IN GENERAL.—In the case of any covered struc-
ture (as such term is defined in subsection (d)), it shall 
be unlawful for any insurer to deny homeowners insurance 
coverage for the structure, or to otherwise discriminate in 
the issuance, cancellation, amount of such coverage, or 
conditions of such coverage for the structure, based solely 
and without any additional actuarial risks upon the fact 
that the structure is not connected to, or able to receive 
electricity service from, any wholesale or retail electric 
power provider. 
(b) CONSIDERATION
OF ACTUARIAL RISK.—Sub-
section (a) may not be construed to prevent any insurer 
from charging rates for homeowners insurance coverage 
for a structure that are based on a good faith actuarial 
analysis of the risk associated with the structure not being 
connected to, or able to receive electricity service from, any 
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wholesale or retail electric power provide. Any good faith 
analysis of such risk shall include analysis of the manner 
in which electric power for the structure is provided. 
(c) INSURING HOMES AND RELATED PROPERTY IN 
INDIAN AREAS.—Notwithstanding any other provision of 
law, covered structures located in Indian areas (as such 
term is defined in section 4 of the Native American Hous-
ing Assistance and Self-Determination Act of 1996 (25 
U.S.C. 4103)) and constructed or maintained using assist-
ance, loan guarantees, or other authority under the Native 
American Housing Assistance and Self-Determination Act 
of 1996 may be insured by any tribally owned self-insur-
ance risk pool approved by the Secretary of Housing and 
Urban Development. 
(d) COVERED STRUCTURE.—For purposes of this 
section, the term ‘‘covered structure’’ means a residential 
structure that— 
(1) consists of one to four dwelling units; 
(2) is provided power, heat, or electricity from 
renewable energy sources (such as solar, wind, geo-
thermal, or biomass) or a fuel cell; and 
(3) is not connected to any wholesale or retail 
electrical power grid. 
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SEC. 11. MORTGAGE INCENTIVES FOR ENERGY-EFFICIENT 
MULTIFAMILY HOUSING. 
(a) IN GENERAL.—The Secretary of Housing and 
Urban Development shall establish incentives for increas-
ing the energy efficiency of multifamily housing that is 
subject to a mortgage to be insured under title II of the 
National Housing Act (12 U.S.C. 1709 et seq.) so that 
the housing meets the energy efficiency standards under 
section 2(a) of this Act and incentives to encourage com-
pliance of such housing with the energy efficiency and con-
servation standards, and the green building standards, 
under section 2(b) of this Act. 
(b) INCENTIVES.—Such incentives— 
(1) shall include, for any such multifamily hous-
ing that complies with the energy efficiency stand-
ards under section 2(a), providing a discount on the 
chargeable premiums for the mortgage insurance for 
such housing from the amount otherwise chargeable 
for such mortgage insurance; and 
(2) may include— 
(A) allowing mortgages to exceed the dollar 
amount limits otherwise applicable under law to 
the extent such additional amounts are used to 
finance improvements or measures designed to 
meet the standards referred to in subsection 
(a); and 
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(B) reducing the amount that the owner of 
such multifamily housing meeting the standards 
referred to in subsection (a) is required to con-
tribute. 
SEC. 12. ENERGY EFFICIENCY CERTIFICATIONS FOR HOUS-
ING WITH MORTGAGES INSURED BY FHA. 
Section 526(a) of the National Housing Act (12 
U.S.C. 1735f–4(a)) is amended— 
(1) in subsection (a)— 
(A) by striking ‘‘, other than manufactured 
homes,’’ each place such term appears; and 
(B) by inserting after the period at the end 
the following: ‘‘The energy performance require-
ments developed and established by the Sec-
retary under this section for manufactured 
homes shall require such homes to comply with 
the most recent version of the National Fire 
Protection Association standard 501, and shall 
require energy star rating for wall fixtures, ap-
pliances, and equipment in such housing’’ 
(2) by inserting ‘‘(1)’’ after ‘‘(a)’’; 
(3) by adding at the end the following new 
paragraphs: 
‘‘(2) The Secretary shall require, with respect 
to any single- or multi-family residential housing 
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subject to a mortgage insured under this Act, that 
any approval or certification of the housing for 
meeting any energy efficiency or conservation cri-
teria, standards, or requirements pursuant to this 
title and any approval or certification required pur-
suant to this title with respect to energy conserving 
improvements or any renewable energy sources, such 
as wind, solar energy geothermal, or biomass, shall 
be conducted only by an individual certified by a 
home energy rating system provider who has been 
accredited to conduct such ratings by the Home En-
ergy Ratings System Council, the Residential En-
ergy Services Network, or such other appropriate 
national organization, as the Secretary may provide. 
If any organization makes a request to the Secretary 
for approval to accredit individuals to conduct en-
ergy efficiency or conservation ratings, the Secretary 
shall review and approve or disapprove such request 
not later than the expiration of the 6-month period 
beginning upon receipt of such request. 
‘‘(3) The Secretary shall periodically examine 
the method used to conduct inspections for compli-
ance with the requirements under this section, ana-
lyze various other approaches for conducting such 
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inspections, and review the costs and benefits of the 
current method compared with other methods.’’; and 
(4) in subsection (b), by striking ‘‘, other than 
a manufactured home,’’. 
SEC. 13. ASSISTED HOUSING ENERGY LOAN PROGRAM. 
(a) AUTHORITY.—The Secretary of Housing and 
Urban Development (in this section referred to as the 
‘‘Secretary’’) shall carry out a program under this section 
to facilitate the financing of cost-effective capital improve-
ments for covered assisted housing projects to improve the 
energy efficiency and conservation of such projects. 
(b) LOANS.—The program under this section shall 
provide for a privately financed loan to be made for a cov-
ered assisted housing project, which shall— 
(1) finance capital improvements for the project 
that meet such requirements as the Secretary shall 
establish, and may involve contracts with third par-
ties to perform such capital improvements; 
(2) have a term to maturity of not more than 
20 years, which shall be based upon the duration 
necessary to realize cost savings sufficient to repay 
the loan; 
(3) be secured by a mortgage subordinate to the 
mortgage for the project that is insured under the 
National Housing Act; and 
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(4) provide for a reduction in the remaining 
principal obligation under the loan based on the ac-
tual resulting cost savings realized from the capital 
improvements financed with the loan. 
(c) UNDERWRITING
STANDARDS.—The Secretary 
shall establish underwriting requirements for loans made 
under the program under this section, which shall— 
(1) require the cost savings projected to be real-
ized from the capital improvements financed with 
the loan, during the term of the loan, to exceed the 
costs of repaying the loan; 
(2) allow the contractor involved in designing 
capital improvements to be financed with a loan 
under the program to carry out such capital im-
provements; and 
(3) include such energy, audit, property, finan-
cial, ownership, and approval requirements as the 
Secretary considers appropriate. 
(d) TREATMENT OF SAVINGS.—The program under 
this section shall provide that the project owner shall re-
ceive the full financial benefit from any reduction in the 
cost of utilities resulting from capital improvements fi-
nanced with a loan made under the program. 
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(e) COVERED ASSISTED HOUSING PROJECTS.—For 
purposes of this section, the term ‘‘covered assisted hous-
ing project’’ means a housing project that— 
(1) is financed by a loan or mortgage that is— 
(A) insured by the Secretary under sub-
section (d)(3) or (d)(4) of section 221 of the 
National Housing Act (12 U.S.C. 1715l), and 
bears interest at a rate determined under the 
proviso of section 221(d)(5) of such Act; or 
(B) insured or assisted under section 236 
of the National Housing Act (12 U.S.C. 1715z– 
1); and 
(2) at the time a loan under this section is 
made, is provided project-based rental assistance 
under section 8 of the United States Housing Act of 
1937 (42 U.S.C. 1437f) for 50 percent or more of 
the dwelling units in the project. 
Such term does not include any housing project owned or 
held by the Secretary, or that is subject to a mortgage 
held by the Secretary. 
(f) PILOT PROGRAM.—Not later than the expiration 
of the 12-month period beginning on the date of the enact-
ment of this Act, the Secretary shall implement and com-
mence the program under this section on a pilot basis, 
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which shall involve not fewer than 3 and not more than 
5 lenders. 
SEC. 14. MAKING IT GREEN. 
(a) PARTNERSHIPS WITH TREE-PLANTING ORGANI-
ZATIONS.—The Secretary shall establish and provide in-
centives for developers of housing for which any financial 
assistance is provided by the Secretary for development, 
maintenance, operation, or other costs, to enter into agree-
ments and partnerships with tree-planting organizations, 
nurseries, and landscapers to certify that trees, shrubs, 
grasses, and other plants are planted in the proper man-
ner, are provided adequate maintenance, and survive for 
at least three years after planting or are replaced. 
(b) PLAN FOR ASSISTED HOUSING.—In the case of 
any new or substantially improved housing for which fi-
nancial assistance is provided by the Secretary for the de-
velopment, construction, maintenance, rehabilitation, im-
provement, operation, or costs of the housing, the Sec-
retary shall require the development of a plan that pro-
vides for— 
(1) in the case of new construction and im-
provements, siting of such housing and improve-
ments in a manner that provides for energy effi-
ciency and conservation to the extent feasible, taking 
into consideration location and project type; 
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(2) not less than 50 percent of the total area 
of paved surfaces at the site of such housing to be 
shaded, consist of greenspace, be covered by solar 
energy panels or greenroofs, or be part of a geo-
thermal piping system; 
(3) how any construction, rehabilitation, or 
other development will affect and minimize the ef-
fects of construction, rehabilitation, or other develop-
ment on the condition of existing trees; 
(4) selection and installation of trees, shrubs, 
grasses, and other plants based upon applicable de-
sign guidelines and standards of the International 
Society for Arboriculture; 
(5) post-planting care and maintenance of the 
landscaping relating to or affected by the housing in 
accordance with best management practices; and 
(6) establishment of a goal for minimum 
greenspace or tree canopy cover for the housing site 
for which such financial assistance is provided, in-
cluding guidelines and timetables within which to 
achieve compliance with such minimum require-
ments. 
(c) PARTNERSHIPS.—In carrying out this section, the 
Secretary of Housing and Urban Development shall con-
sult with national organizations dedicated to providing 
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housing assistance and related services to low-income fam-
ilies, the Alliance for Community Trees and its affiliates, 
the American Nursery and Landscape Association, the 
American Society of Landscape Architects, and the Na-
tional Arbor Day Foundation, and shall take such actions 
as are appropriate to establish, and encourage the estab-
lishment, of such agreements and working partnerships 
between such organization and its affiliates and recipients 
of assistance from the Department of Housing and Urban 
Development for the development, maintenance, operation, 
or costs of housing. 
SEC. 15. RESIDENTIAL ENERGY EFFICIENCY BLOCK GRANT 
PROGRAM. 
Title I of the Housing and Community Development 
Act of 1974 (42 U.S.C. 5301 et seq.) is amended by add-
ing at the end the following new section: 
‘‘SEC. 123. RESIDENTIAL ENERGY EFFICIENCY BLOCK 
GRANT PROGRAM. 
‘‘(a) IN GENERAL.—To the extent amounts are made 
available for grants under this section, the Secretary of 
Housing and Urban Development shall make grants under 
this section to States, metropolitan cities and urban coun-
ties, Indian tribes, and insular areas to carry out energy 
efficiency improvements in new and existing single-family 
and multifamily housing. 
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‘‘(b) ALLOCATIONS.— 
‘‘(1) IN GENERAL.—Of the total amount made 
available for each fiscal year for grants under this 
section that remains after reserving amounts pursu-
ant to paragraph (2), the Secretary shall allocate for 
insular areas, for metropolitan cities and urban 
counties, and for States, an amount that bears the 
same ratio to such total amount as the amount allo-
cated for such fiscal year under section 106 for In-
dian tribes, for insular areas, for metropolitan cities 
and urban counties, and for States, respectively, 
bears to the total amount made available for such 
fiscal year for grants under section 106. 
‘‘(2) SET ASIDE FOR INDIAN TRIBES.—Of the 
total amount made available for each fiscal year for 
grants under this section, the Secretary shall allo-
cate not less than one percent to Indian tribes. 
‘‘(c) GRANT AMOUNTS.— 
‘‘(1) ENTITLEMENT COMMUNITIES.—From the 
amounts allocated pursuant to subsection (b) for 
metropolitan cities and urban counties for each fiscal 
year, the Secretary shall make a grant for such fis-
cal year to each metropolitan city and urban county 
that complies with the requirement under subsection 
(d), in the amount that bears the same ratio such 
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total amount so allocated as the amount of the grant 
for such fiscal year under section 106 for such met-
ropolitan city or urban county bears to the aggre-
gate amount of all grants for such fiscal year under 
section 106 for all metropolitan cities and urban 
counties. 
‘‘(2) STATES.—From the amounts allocated 
pursuant to subsection (b) for States for each fiscal 
year, the Secretary shall make a grant for such fis-
cal year to each State that complies with the re-
quirement under subsection (d), in the amount that 
bears the same ratio such total amount so allocated 
as the amount of the grant for such fiscal year 
under section 106 for such State bears to the aggre-
gate amount of all grants for such fiscal year under 
section 106 for all States. Grant amounts received 
by a State shall be used only for eligible activities 
under subsection (e) carried out in nonentitlement 
areas of the State. 
‘‘(3) INDIAN TRIBES.—From the amounts allo-
cated pursuant to subsection (b) for Indian tribes, 
the Secretary shall make grants to Indian tribes that 
comply with the requirement under subsection (d) on 
the basis of a competition conducted pursuant to 
specific criteria, as the Secretary shall establish by 
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regulation, for the selection of Indian tribes to re-
ceive such amount. 
‘‘(4) INSULAR AREAS.—From the amounts allo-
cated pursuant to subsection (b) for insular areas, 
the Secretary shall make a grant to each insular 
area that complies with the requirement under sub-
section (d) on the basis of the ratio of the population 
of the insular area to the aggregate population of all 
insular areas. In determining the distribution of 
amounts to insular areas, the Secretary may also in-
clude other statistical criteria as data become avail-
able from the Bureau of Census of the Department 
of Labor, but only if such criteria are set forth by 
regulation issued after notice and an opportunity for 
comment. 
‘‘(d) STATEMENT OF ACTIVITIES.— 
‘‘(1) REQUIREMENT.—Before receipt the re-
ceipt in any fiscal year of a grant under subsection 
(c) by any grantee, the grantee shall have prepared 
a final statement of housing energy efficiency objec-
tives and projected use of funds as the Secretary 
shall require and shall have provided the Secretary 
with such certifications regarding such objectives 
and use as the Secretary may require. In the case 
of metropolitan cities, urban counties, units of gen-
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eral local government, and insular areas receiving 
grants, the statement of projected use of funds shall 
consist of proposed housing energy efficiency activi-
ties. In the case of States receiving grants, the state-
ment of projected use of funds shall consist of the 
method by which the States will distribute funds to 
units of general local government. 
‘‘(2) PUBLIC
PARTICIPATION.—The Secretary 
may establish requirements to ensure the public 
availability of information regarding projected use of 
grant amounts and public participation in deter-
mining such projected use. 
‘‘(e) ELIGIBLE ACTIVITIES.— 
‘‘(1) REQUIREMENT.—Amounts from a grant 
under this section may be used only to carry out ac-
tivities for single-family or multifamily housing that 
are designed to improve the energy efficiency of the 
housing so that the housing complies with the en-
ergy efficiency standard under section 2(a) of the 
Green Resources for Energy Efficient Neighbor-
hoods Act of 2008, including such activities to pro-
vide energy for such housing from renewable 
sources, such as wind, waves, solar, biomass, and 
geothermal sources. 
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‘‘(2) PREFERENCE FOR COMPLIANCE BEYOND 
MINIMUM REQUIREMENTS.—In selecting activities to 
be funded with amounts from a grant under this 
section, a grantee shall give more preference to ac-
tivities based on the extent to which the activities 
will result in compliance by the housing with the en-
ergy efficiency and conservation standards, and the 
green building standards, under section 2(b) of such 
Act. 
‘‘(f) REPORTS.—Each grantee of a grant under this 
section for a fiscal year shall submit to the Secretary, at 
a time determined by the Secretary, a performance and 
evaluation report concerning the use of grant amounts, 
which shall contain an assessment by the grantee of the 
relationship of such use to the objectives identified in the 
grantees statement under subsection (d). 
‘‘(g) APPLICABILITY OF CDBG PROVISIONS.—Sec-
tions 109 (relating to nondiscrimination), 110 (relating to 
labor standards), and 111 (relating to remedies for non-
compliance) of the Housing and Community Development 
Act of 1974 (42 U.S.C. 5309, 5310, 5311) shall apply 
to assistance received under this section to the same ex-
tent and in the same manner that such sections apply to 
assistance received under title I of such Act.’’. 
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SEC. 16. INCLUDING SUSTAINABLE DEVELOPMENT IN COM-
PREHENSIVE 
HOUSING 
AFFORDABILITY 
STRATEGIES. 
Section 105(b) of the Cranston-Gonzalez National 
Affordable Housing Act of 1990 (42 U.S.C. 12705(b)) is 
amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(19); 
(2) by striking the period at the end of para-
graph (20) and inserting ‘‘; and’’; 
(3) and by inserting after paragraph (20) the 
following: 
‘‘(21) describe the jurisdiction’s strategies to 
encourage sustainable development for affordable 
housing, including single-family and multifamily 
housing, as measured by— 
‘‘(A) greater energy efficiency and use of 
renewable energy sources, including any strate-
gies regarding compliance with the energy effi-
ciency requirements under section 2(a) of the 
Green Resources for Energy Efficient Neigh-
borhoods Act of 2008 and with the energy effi-
ciency and conservation standards, and the 
green building standards, under section 2(b) of 
such Act; 
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‘‘(B) increased conservation, recycling, and 
reuse of resources; 
‘‘(C) more effective use of existing infra-
structure; 
‘‘(D) use of building materials and meth-
ods that are healthier for residents of the hous-
ing, including use of building materials that are 
free of added known carcinogens that are classi-
fied as Group 1 Known Carcinogens by the 
International Agency for Research on Cancer; 
and 
‘‘(E) such other criteria as the Secretary 
determines, in consultation with the Secretary 
of Energy, the Secretary of Agriculture, and the 
Administrator of the Environmental Protection 
Agency, are in accordance with the purposes of 
this paragraph.’’. 
SEC. 17. GRANT PROGRAM TO INCREASE SUSTAINABLE 
LOW-INCOME 
COMMUNITY 
DEVELOPMENT 
CAPACITY. 
(a) IN GENERAL.—The Secretary of Housing and 
Urban Development may make grants to nonprofit organi-
zations to use for any of the following purposes: 
(1) Training, educating, supporting, or advising 
an eligible community development organization in 
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improving energy efficiency, resource conservation 
and reuse, installing or constructing renewable en-
ergy improvements (such as wind, wave, solar, bio-
mass, and geothermal energy sources), and effective 
use of existing infrastructure in affordable housing 
and economic development activities in low-income 
communities, taking into consideration energy effi-
ciency requirements under section 2(a) of this Act 
and with the energy efficiency and conservation 
standards, and the green building standards, under 
section 2(b) of this Act. 
(2) Providing loans, grants, or predevelopment 
assistance to eligible community development organi-
zations to carry out energy efficiency improvements 
that comply with the energy efficiency requirements 
under section 2(a) of this Act, resource conservation 
and reuse, and effective use of existing infrastruc-
ture in affordable housing and economic develop-
ment activities in low-income communities. In pro-
viding assistance under this paragraph, the Sec-
retary shall give more preference to activities based 
on the extent to which the activities will result in 
compliance with the energy efficiency and conserva-
tion standards, and the green building standards, 
under section 2(b) of this Act. 
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(3) Such other purposes as the Secretary deter-
mines are in accordance with the purposes of this 
subsection. 
(b) APPLICATION REQUIREMENT.—To be eligible for 
a grant under this section, a nonprofit organization shall 
prepare and submit to the Secretary an application at 
such time, in such manner, and containing such informa-
tion as the Secretary may require. 
(c) MATCHING REQUIREMENT.—A grant made under 
this section may not exceed the amount that the nonprofit 
organization receiving the grant certifies, to the Secretary, 
will be provided (in cash or in kind) from non-govern-
mental sources to carry out the purposes for which the 
grant is made. 
(d) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) The term ‘‘nonprofit organization’’ has the 
meaning given such term in section 104 of the Cran-
ston-Gonzalez National Affordable Housing Act (42 
U.S.C. 12704). 
(2) The term ‘‘eligible community development 
organization’’ means— 
(A) a unit of general local government (as 
defined in section 104 of the Cranston-Gonzalez 
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National Affordable Housing Act (42 U.S.C. 
12704)); 
(B) a community housing development or-
ganization (as defined in section 104 of the 
Cranston-Gonzalez National Affordable Hous-
ing Act (42 U.S.C. 12704)); or 
(C) an Indian tribe or tribally designated 
housing entity (as such terms are defined in 
section 4 of the Native American Housing As-
sistance and Self-Determination Act of 1996 
(25 U.S.C. 4103)). 
(3) The term ‘‘low-income community’’ means a 
census tract in which 50 percent or more of the 
households have an income which is less than 80 
percent of the greater of— 
(A) the median gross income for such year 
for the area in which such census tract is lo-
cated; or 
(B) the median gross income for such year 
for the State in which such census tract is lo-
cated. 
(e) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Secretary to carry 
out this section $10,000,000 for each of fiscal years 2008 
through 2012. 
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SEC. 18. UTILIZATION OF ENERGY PERFORMANCE CON-
TRACTS IN HOPE VI. 
Section 24(d) of the United States Housing Act of 
1937 (42 U.S.C. 1437v(d)) is amended by adding at the 
end the following new paragraph: 
‘‘(3) ENERGY PERFORMANCE CONTRACTS.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
provide that a public housing agency shall re-
ceive the full financial benefit from any reduc-
tion in the cost of utilities resulting from any 
contract with a third party to undertake energy 
conservation improvements in connection with a 
revitalization plan under this section. 
‘‘(B) THIRD
PARTY
CONTRACTS.—Con-
tracts described in subparagraph (A) may in-
clude contracts for equipment conversions to 
less costly utility sources, projects with resi-
dent-paid utilities, and adjustments to frozen 
base year consumption, including systems re-
paired to meet applicable building and safety 
codes and adjustments for occupancy rates in-
creased by rehabilitation. 
‘‘(C) TERM
OF
CONTRACT.—The total 
term of a contract described in subparagraph 
(A) shall not exceed 20 years to allow longer 
payback periods for retrofits, including win-
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dows, heating system replacements, wall insula-
tion, site-based generation, advanced energy 
savings technologies, including renewable en-
ergy generation, and other such retrofits. 
‘‘(D) EXTENSION
OF
EXISTING
CON-
TRACTS.—The term of a contract described in 
subparagraph (A) that, as of the date of the en-
actment of the Green Resources for Energy Ef-
ficient Neighborhoods Act of 2008 is in repay-
ment and has a term of not more than 12 
years, may be extended to a term of not more 
than 20 years to permit additional energy con-
servation improvements without requiring the 
re-procurement of energy performance contrac-
tors.’’. 
SEC. 19. HOPE VI GREEN DEVELOPMENTS REQUIREMENT. 
(a) MANDATORY COMPONENT.—Section 24(e) of the 
United States Housing Act of 1937 (42 U.S.C. 1437v(e)) 
is amended by adding at the end the following new para-
graph: 
‘‘(4) GREEN DEVELOPMENTS REQUIREMENT.— 
‘‘(A) REQUIREMENT.—The Secretary may 
not make a grant under this section to an appli-
cant unless the proposed revitalization plan of 
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the applicant to be carried out with such grant 
amounts meets the following requirements: 
‘‘(i) GREEN
COMMUNITIES
CRITERIA 
CHECKLIST.—All residential construction 
under the proposed plan complies with the 
national 
Green 
Communities 
criteria 
checklist for residential construction that 
provides criteria for the design, develop-
ment, and operation of affordable housing, 
as such checklist is in effect for purposes 
of this paragraph pursuant to subpara-
graph (D) at the date of the application 
for the grant, or any substantially equiva-
lent standard or standards as determined 
by the Secretary, as follows: 
‘‘(I) The proposed plan shall 
comply with all items of the national 
Green Communities criteria checklist 
for residential construction that are 
identified as mandatory. 
‘‘(II) The proposed plan shall 
comply with such other nonmandatory 
items of such national Green Commu-
nities criteria checklist so as to result 
in a cumulative number of points at-
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tributable 
to 
such 
nonmandatory 
items under such checklist of not less 
than— 
‘‘(aa) 25 points, in the case 
of any proposed plan (or portion 
thereof) consisting of new con-
struction; and 
‘‘(bb) 20 points, in the case 
of any proposed plan (or portion 
thereof) consisting of rehabilita-
tion. 
‘‘(ii) GREEN
BUILDINGS
CERTIFI-
CATION SYSTEM.—All non-residential con-
struction under the proposed plan complies 
with all minimum required levels of the 
green building rating systems and levels 
identified by the Secretary pursuant to 
subparagraph (C), as such systems and 
levels are in effect for purposes of this 
paragraph pursuant to subparagraph (D) 
at the time of the application for the 
grant. 
‘‘(B) VERIFICATION.— 
‘‘(i) IN
GENERAL.—The Secretary 
shall verify, or provide for verification, suf-
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ficient to ensure that each proposed revi-
talization plan carried out with amounts 
from a grant under this section complies 
with the requirements under subparagraph 
(A) and that the revitalization plan is car-
ried out in accordance with such require-
ments and plan. 
‘‘(ii) TIMING.—In providing for such 
verification, the Secretary shall establish 
procedures to ensure such compliance with 
respect to each grantee, and shall report to 
the Congress with respect to the compli-
ance of each grantee, at each of the fol-
lowing times: 
‘‘(I) Not later than 60 days after 
execution of the grant agreement 
under this section for the grantee. 
‘‘(II) Upon completion of the re-
vitalization plan of the grantee. 
‘‘(C) IDENTIFICATION OF GREEN BUILD-
INGS RATING SYSTEMS AND LEVELS.— 
‘‘(i) IN
GENERAL.—For purposes of 
this paragraph, the Secretary shall identify 
rating systems and levels for green build-
ings that the Secretary determines to be 
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the most likely to encourage a comprehen-
sive and environmentally-sound approach 
to ratings and standards for green build-
ings. The identification of the ratings sys-
tems and levels shall be based on the cri-
teria specified in clause (ii), shall identify 
the highest levels the Secretary determines 
are appropriate above the minimum levels 
required under the systems selected. With-
in 90 days of the completion of each study 
required by clause (iii), the Secretary shall 
review and update the rating systems and 
levels, or identify alternative systems and 
levels for purposes of this paragraph, tak-
ing into account the conclusions of such 
study. 
‘‘(ii) CRITERIA.—In identifying the 
green rating systems and levels, the Sec-
retary shall take into consideration— 
‘‘(I) the ability and availability of 
assessors and auditors to independ-
ently verify the criteria and measure-
ment of metrics at the scale necessary 
to implement this paragraph; 
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‘‘(II) the ability of the applicable 
ratings system organizations to collect 
and reflect public comment; 
‘‘(III) the ability of the standards 
to be developed and revised through a 
consensus-based process; 
‘‘(IV) 
An 
evaluation 
of 
the 
robustness of the criteria for a high- 
performance green building, which 
shall give credit for promoting— 
‘‘(aa) efficient and sustain-
able use of water, energy, and 
other natural resources; 
‘‘(bb) use of renewable en-
ergy sources; 
‘‘(cc) improved indoor and 
outdoor 
environmental 
quality 
through enhanced indoor and 
outdoor air quality, thermal com-
fort, acoustics, outdoor noise pol-
lution, day lighting, pollutant 
source control, sustainable land-
scaping, and use of building sys-
tem controls and low- or no-emis-
sion materials, including pref-
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erence for materials with no 
added carcinogens that are classi-
fied as Group 1 Known Carcino-
gens by the International Agency 
for Research on Cancer; and 
‘‘(dd) such other criteria as 
the Secretary determines to be 
appropriate; and 
‘‘(V) national recognition within 
the building industry. 
‘‘(iii) 5-YEAR EVALUATION.—At least 
once every five years, the Secretary shall 
conduct a study to evaluate and compare 
available third-party green building rating 
systems and levels, taking into account the 
criteria listed in clause (ii). 
‘‘(D) APPLICABILITY
AND
UPDATING
OF 
STANDARDS.— 
‘‘(i) APPLICABILITY.—Except as pro-
vided in clause (ii) of this subparagraph, 
the national Green Communities criteria 
checklist and green building rating systems 
and levels referred to in clauses (i) and (ii) 
of subparagraph (A) that are in effect for 
purposes of this paragraph are such check-
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list systems, and levels as in existence 
upon the date of the enactment of the 
Green Resources for Energy Efficient 
Neighborhoods Act of 2008. 
‘‘(ii) UPDATING.—The Secretary may, 
by regulation, adopt and apply, for pur-
poses of this paragraph, future amend-
ments and supplements to, and editions of, 
the national Green Communities criteria 
checklist, any standard or standards that 
the Secretary has determined to be sub-
stantially equivalent to such checklist, and 
the green building ratings systems and lev-
els identified by the Secretary pursuant to 
subparagraph (C).’’. 
(b) SELECTION CRITERIA; GRADED COMPONENT.— 
Section 24(e)(2) of the United States Housing Act of 
1937 (42 U.S.C. 1437v(e)(2)) is amended— 
(1) in subparagraph (K), by striking ‘‘and’’ at 
the end; 
(2) by redesignating subparagraph (L) as sub-
paragraph (M); and 
(3) by inserting after subparagraph (K) the fol-
lowing new subparagraph: 
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‘‘(L) the extent to which the proposed revi-
talization plan— 
‘‘(i) in the case of residential con-
struction, complies with the nonmandatory 
items of the national Green Communities 
criteria checklist identified in paragraph 
(4)(A)(i), or any substantially equivalent 
standard or standards as determined by 
the Secretary, but only to the extent such 
compliance exceeds the compliance nec-
essary to accumulate the number of points 
required under such paragraph; and 
‘‘(ii) in the case of non-residential 
construction, complies with the components 
of the green building rating systems and 
levels identified by the Secretary pursuant 
to paragraph (4)(C), but only to the extent 
such compliance exceeds the minimum level 
required under such systems and levels; 
and’’. 
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SEC. 20. COMMUNITY REINVESTMENT ACT CREDITS FOR 
ENERGY EFFICIENT MORTGAGES AND GREEN 
BUILDING EFFORTS. 
Section 804 of the Community Reinvestment Act of 
1977 (12 U.S.C. 2903) is amended by adding at the end 
the following new subsection: 
‘‘(d) ENERGY EFFICIENT MORTGAGES AND GREEN 
BUILDING EFFORTS.— 
‘‘(1) EVALUATION.—In assessing and taking 
into account, under subsection (a), the record of a 
financial institution, the appropriate Federal finan-
cial supervisory agency shall consider, as a factor, 
capital investments, loan participation, and other 
ventures undertaken by the institution to support or 
enable— 
‘‘(A) the use of energy efficient and energy 
improvement mortgages by low-income, first- 
time, and other homebuyers; 
‘‘(B) compliance of housing with the en-
ergy efficiency requirements under section 2 of 
the Green Resources for Energy Efficient 
Neighborhoods Act of 2008 and with the energy 
efficiency and conservation standards, and the 
green building standards, under section 2(b) of 
such Act; 
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‘‘(C) neighborhood planning in a manner 
that is consistent with environmental regula-
tions, plans, and tree ordinances; 
‘‘(D) green building principles that in-
crease the efficiency of buildings and their use 
of energy, water, and materials, and minimize 
building impacts on human health and the envi-
ronment, through better siting, design, con-
struction, operation, maintenance, and speci-
fication of materials that have no added known 
carcinogens that are classified as Group 1 
Known Carcinogens by the International Agen-
cy for Research on Cancer and whose manufac-
turing processes are exempt from Environ-
mental Protection Agency regulations limiting 
manufacturing emissions of hazardous air pol-
lutants listed in section 112(b) of the Clean Air 
Act (42 U.S.C. 7412(b)), especially hazardous 
air pollutants that are classified as such Group 
1 Known Carcinogens; 
‘‘(E) generation and distribution of renew-
able energy; 
‘‘(F) creation of employment opportunities 
in positions that involve the design, manufac-
ture, installation, operation, or maintenance of 
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renewable energy and energy efficiency tech-
nologies and landscaping or by companies or or-
ganizations whose mission or purpose is to im-
prove environmental quality; or 
‘‘(G) funding for energy-conserving and 
clean energy technologies. 
‘‘(2) TECHNICAL
ASSISTANCE.—To encourage 
and facilitate activities described in subparagraphs 
(A) through (F) of paragraph (1), each appropriate 
Federal financial supervisory agency, the Secretary 
of Energy, the Secretary of Housing and Urban De-
velopment, and the Secretary of Agriculture shall 
make available and provide technical assistance to fi-
nancial institutions in carrying out or providing such 
activities.’’. 
SEC. 21. CONSIDERATION OF ENERGY-EFFICIENCY IM-
PROVEMENTS IN APPRAISALS. 
(a) APPRAISALS IN CONNECTION WITH FEDERALLY 
RELATED TRANSACTIONS.— 
(1) REQUIREMENT.—Section 1110 of the Fi-
nancial Institutions Reform, Recovery, and Enforce-
ment Act of 1989 (12 U.S.C. 3339) is amended— 
(A) in paragraph (1), by striking ‘‘and’’ at 
the end; 
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(B) by redesignating paragraph (2) as 
paragraph (3); and 
(C) by inserting after paragraph (1) the 
following new paragraph: 
‘‘(2) that such appraisals be performed in ac-
cordance with appraisal standards that require, in 
determining the value of a property, consideration of 
any renewable energy sources for, or energy-effi-
ciency or energy-conserving improvements or fea-
tures of, the property; and’’. 
(2) REVISION
OF
APPRAISAL
STANDARDS.— 
Each Federal financial institutions regulatory agen-
cy shall, not later than 6 months after the date of 
the enactment of this Act, revise its standards for 
the performance of real estate appraisals in connec-
tion with federally related transactions under the ju-
risdiction of the agency to comply with the require-
ment under the amendments made by paragraph (1) 
of this subsection. 
(b) APPRAISER CERTIFICATION AND LICENSING RE-
QUIREMENTS.—Section 1116 of the Financial Institutions 
Reform, Recovery, and Enforcement Act of 1989 (12 
U.S.C. 3345) is amended— 
(1) in subsection (a), by inserting before the pe-
riod at the end the following: ‘‘, and meets the re-
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quirements established pursuant to subsection (f) for 
qualifications regarding consideration of any renew-
able energy sources for, or energy-efficiency or en-
ergy-conserving improvements or features of, the 
property’’; 
(2) in subsection (c), by inserting before the pe-
riod at the end the following, ‘‘, which shall include 
compliance with the requirements established pursu-
ant to subsection (f) regarding consideration of any 
renewable energy sources for, or energy-efficiency or 
energy-conserving improvements or features of, the 
property’’; 
(3) in subsection (e), by striking ‘‘The’’ and in-
serting ‘‘Except as provided in subsection (f), the’’; 
and 
(4) by adding at the end the following new sub-
section: 
‘‘(f) REQUIREMENTS FOR APPRAISERS REGARDING 
ENERGY-EFFICIENCY FEATURES.—The Appraisal Sub-
committee shall establish requirements for State certifi-
cation of State certified real estate appraisers and for 
State licensing of State licensed appraisers, to ensure that 
appraisers consider and are qualified to consider, in deter-
mining the value of a property, any renewable energy 
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sources for, or energy-efficiency or energy-conserving im-
provements or features of, the property.’’. 
(c) GUIDELINES
FOR APPRAISING PHOTOVOLTAIC 
MEASURES
AND TRAINING
OF APPRAISERS.—Section 
1122 of the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989 (12 U.S.C. 3351) is amended 
by adding at the end the following new subsection: 
‘‘(g) GUIDELINES FOR APPRAISING PHOTOVOLTAIC 
MEASURES AND TRAINING OF APPRAISERS.—The Ap-
praisal Subcommittee shall, in consultation with the Sec-
retary of Housing and Urban Development, the Federal 
National Mortgage Association, and the Federal Home 
Loan Mortgage Corporation, establish specific guidelines 
for— 
‘‘(1) appraising off- and on-grid photovoltaic 
measures for compliance with the appraisal stand-
ards prescribed pursuant to section 1110(2); 
‘‘(2) requirements under section 1116(f) for 
certification of State certified real estate appraisers 
and for State licensing of State licensed appraisers, 
to ensure that appraisers consider, and are qualified 
to consider, such photovoltaic measures in deter-
mining the value of a property; and 
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‘‘(3) training of appraisers to meet the require-
ments established pursuant to paragraph (2) of this 
subsection.’’. 
SEC. 22. ASSISTANCE FOR HOUSING ASSISTANCE COUNCIL. 
The Secretary of Housing and Urban Development 
shall require the Housing Assistance Council— 
(1) to encourage each organization that receives 
assistance from the Council with any amounts made 
available from the Secretary of Housing and Urban 
Development to provide that any structures and 
buildings developed or assisted under projects, pro-
grams, and activities funded with such amounts 
complies with the energy efficiency requirements 
under section 2(a) of the Green Resources for En-
ergy Efficient Neighborhoods Act of 2008; and 
(2) to establish incentives to encourage each 
such organization to provide that any such struc-
tures and buildings comply with the energy effi-
ciency and conservation standards, and the green 
building standards, under section 2(b) of such Act. 
SEC. 23. RURAL HOUSING AND ECONOMIC DEVELOPMENT 
ASSISTANCE. 
The Secretary of Housing and Urban Development 
shall— 
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(1) encourage each tribe, agency, organization, 
corporation, and other entity that receives any as-
sistance from the Office of Rural Housing and Eco-
nomic Development of the Department of Housing 
and Urban Development to provide that any struc-
tures and buildings developed or assisted under ac-
tivities funded with such amounts complies with the 
energy efficiency requirements under section 2(a) of 
the Green Resources for Energy Efficient Neighbor-
hoods Act of 2008; and 
(2) establish incentives to encourage each such 
tribe, agency, organization, corporation, and other 
entity to provide that any such structures and build-
ings comply with the energy efficiency and conserva-
tion standards, and the green building standards, 
under section 2(b) of such Act. 
SEC. 24. REVOLVING FUND FOR LOANS TO STATES AND IN-
DIAN TRIBES TO CARRY OUT RENEWABLE EN-
ERGY SOURCES ACTIVITIES. 
(a) ESTABLISHMENT
OF FUND.—There is estab-
lished in the Treasury of the United States a revolving 
fund, to be known as the ‘‘Alternative Energy Sources 
State Revolving Fund’’. 
(b) CREDITS.—The Fund shall be credited with— 
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(1) any amounts appropriated to the Fund pur-
suant to subsection (g); 
(2) any amounts of principal and interest from 
loan repayments received by the Secretary pursuant 
to subsection (d)(7); and 
(3) any interest earned on investments of 
amounts in the Fund pursuant to subsection (e). 
(c) EXPENDITURES.— 
(1) IN GENERAL.—Subject to paragraph (2), on 
request by the Secretary of Housing and Urban De-
velopment, the Secretary of the Treasury shall 
transfer from the Fund to the Secretary such 
amounts as the Secretary determines are necessary 
to provide loans under subsection (d)(1). 
(2) 
ADMINISTRATIVE
EXPENSES.—Of 
the 
amounts in the Fund, not more than 5 percent shall 
be available for each fiscal year to pay the adminis-
trative expenses of the Department of Housing and 
Urban Development to carry out this section. 
(d) LOANS TO STATES AND INDIAN TRIBES.— 
(1) IN
GENERAL.—The Secretary shall use 
amounts in the Fund to provide loans to States and 
Indian tribes to provide incentives to owners of sin-
gle-family and multifamily housing, commercial 
properties, and public buildings to provide— 
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(A) renewable energy sources for such 
structures, such as wind, wave, solar, biomass, 
or geothermal energy sources, including incen-
tives to companies and business to change their 
source of energy to such renewable energy 
sources and for changing the sources of energy 
for public buildings to such renewable energy 
sources; 
(B) energy efficiency and energy con-
serving improvements and features for such 
structures; or 
(C) infrastructure related to the delivery of 
electricity and hot water for structures lacking 
such amenities. 
(2) ELIGIBILITY.—To be eligible to receive a 
loan under this subsection, a State or Indian tribe, 
through an appropriate State or tribal agency, shall 
submit to the Secretary an application at such time, 
in such manner, and containing such information as 
the Secretary may require. 
(3) CRITERIA FOR APPROVAL.—The Secretary 
may approve an application of a State or Indian 
tribe under paragraph (2) only if the Secretary de-
termines that the State or tribe will use the funds 
from the loan under this subsection to carry out a 
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program to provide incentives described in para-
graph (1) that— 
(A) requires that any such renewable en-
ergy sources, and energy efficiency and energy 
conserving improvements and features, devel-
oped pursuant to assistance under the program 
result in compliance of the structure so im-
proved with the energy efficiency requirements 
under section 2(a) of the Green Resources for 
Energy Efficient Neighborhoods Act of 2008; 
and 
(B) includes such compliance and audit re-
quirements as the Secretary determines are nec-
essary to ensure that the program is operated 
in a sound and effective manner. 
(4) PREFERENCE.—In making loans during 
each fiscal year, the Secretary shall give preference 
to States and Indian tribes that have not previously 
received a loan under this subsection. 
(5) MAXIMUM
AMOUNT.—The aggregate out-
standing principal amount from loans under this 
subsection to any single State or Indian tribe may 
not exceed $500,000,000. 
(6) LOAN TERMS.—Each loan under this sub-
section shall have a term to maturity of not more 
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than 10 years and shall bear interest at annual rate, 
determined by the Secretary, that shall not exceed 
interest rate charged by the Federal Reserve Bank 
of New York to commercial banks and other deposi-
tory institutions for very short-term loans under the 
primary credit program, as most recently published 
in the Federal Reserve Statistical Release on se-
lected interest rates (daily or weekly), and commonly 
referred to as the H.15 release, preceding the date 
of a determination for purposes of applying this 
paragraph. 
(7) LOAN
REPAYMENT.—The Secretary shall 
require full repayment of each loan made under this 
section. 
(e) INVESTMENT OF AMOUNTS.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury shall invest such amounts in the Fund that are 
not, in the judgment of the Secretary of the Treas-
ury, required to meet needs for current withdrawals. 
(2) OBLIGATIONS OF UNITED STATES.—Invest-
ments may be made only in interest-bearing obliga-
tions of the United States. 
(f) REPORTS.— 
(1) REPORTS TO SECRETARY.—For each year 
during the term of a loan made under subsection 
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(d), the State or Indian tribe that received the loan 
shall submit to the Secretary a report describing the 
State or tribal alternative energy sources program 
for which the loan was made and the activities con-
ducted under the program using the loan funds dur-
ing that year. 
(2) REPORT
TO
CONGRESS.—Not later than 
September 30 of each year that loans made under 
subsection (d) are outstanding, the Secretary shall 
submit a report to the Congress describing the total 
amount of such loans provided under subsection (d) 
to each eligible State and Indian tribe during the fis-
cal year ending on such date, and an evaluation on 
effectiveness of the Fund. 
(g) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized 
to 
be 
appropriated 
to 
the 
Fund 
$5,000,000,000. 
(h) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) INDIAN TRIBE.—The term ‘‘Indian tribe’’ 
has the meaning given such term in section 4 of the 
Native American Housing Assistance and Self-De-
termination Act of 1996 (25 U.S.C. 4103). 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Housing and Urban Development. 
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