that are allocated for fiscal year 2016 or any 
fiscal year thereafter from the Operating Fund 
for any public housing agency, the agency may 
use not more than 20 percent for activities that 
are eligible under subsection (d) for assistance 
with amounts from the Capital Fund, but only 
if the public housing plan under section 5A for 
the agency provides for such use.’’. 
SEC. 110. EXPANSION OF FAMILY UNIFICATION PROGRAM. 
Section 8(x) of the United States Housing Act of 
1937 (42 U.S.C. 1437f(x)) is amended— 
(1) in paragraph (2)— 
(A) in subparagraph (A)(ii), by striking 
‘‘care and’’ and inserting ‘‘care,’’; 
(B) in subparagraph (B)— 
(i) by striking ‘‘18 months’’ and in-
serting ‘‘36 months’’; and 
(ii) by striking ‘‘older.’’ and inserting 
‘‘older, and’’; and 
(C) by inserting at the end the following: 
‘‘(C) for a period not to exceed 36 months, 
otherwise eligible youths who have attained 16 
or 17 years of age and who have left foster 
care, if the service provider signs the lease for 
the dwelling unit for which the voucher is used 
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and provides on-site supportive services (as de-
fined in section 401 of the McKinney-Vento 
Homeless Assistance Act (42 U.S.C. 11360)) 
that are appropriate for the supervision of such 
youth within the housing community in which 
such dwelling unit is located.’’; and 
(2) in paragraph (4), by adding at the end the 
following new subparagraph: 
‘‘(C) SERVICE PROVIDER.—The term ‘serv-
ice provider’ shall have the meaning given such 
term by the Secretary.’’. 
TITLE II—RURAL HOUSING 
SEC. 201. DELEGATION OF GUARANTEED RURAL HOUSING 
LOAN APPROVAL. 
Subsection (h) of section 502 of the Housing Act of 
1949 (42 U.S.C. 1472(h)) is amended by adding at the 
end the following new paragraph: 
‘‘(18) DELEGATION OF APPROVAL.—The Sec-
retary may delegate, in part or in full, the Sec-
retary’s authority to approve and execute binding 
Rural Housing Service loan guarantees pursuant to 
this subsection to certain preferred lenders, in ac-
cordance with standards established by the Sec-
retary.’’. 
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SEC. 202. RURAL MULTIFAMILY HOUSING REVITALIZATION 
PROGRAM. 
Section 515 of the Housing Act of 1949 (42 U.S.C. 
1485) is amended by adding at the end the following new 
subsection: 
‘‘(bb) MULTIFAMILY
HOUSING
REVITALIZATION 
PROGRAM.— 
‘‘(1) IN GENERAL.—The Secretary may estab-
lish a Multifamily Housing Revitalization Program 
for the preservation and revitalization of multifamily 
housing projects funded with loans made available 
pursuant to this section and sections 514 and 516 
to ensure that such projects have sufficient resources 
to provide safe and affordable housing for low-in-
come residents and farm laborers. 
‘‘(2) OPTIONS.—In carrying out paragraph (1), 
the Secretary may— 
‘‘(A) with respect such loans— 
‘‘(i) reduce or eliminate interest; 
‘‘(ii) defer loan payments; and 
‘‘(iii) subordinate, reduce, or reamor-
tize loan debt; and 
‘‘(B) provide other financial assistance, in-
cluding— 
‘‘(i) advances; and 
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‘‘(ii) payments and incentives (includ-
ing the ability of owners to obtain reason-
able returns on investment). 
‘‘(3) REQUIREMENTS.—In exchange for assist-
ance provided pursuant to this subsection, the Sec-
retary shall enter into with the property owner a re-
strictive use agreement to ensure that the property 
remains subject to low-income use restrictions for an 
additional period of time consistent with the terms 
of the restructuring. 
‘‘(4) USE
OF
FUNDS
FOR
RURAL
HOUSING 
VOUCHERS.— 
‘‘(A) AUTHORITY.—If the Secretary deter-
mines that additional funds for vouchers under 
the rural housing voucher program under sec-
tion 542 (42 U.S.C. 1490r) are needed, funds 
for the revitalization program under this sub-
section may be used for such vouchers for any 
low-income household (including those not re-
ceiving rental assistance) residing in a property 
financed with a loan under this section that has 
been prepaid after September 30, 2005. 
‘‘(B) AMOUNT.—Notwithstanding section 
542, the amount of a voucher provided pursu-
ant to this paragraph shall be the difference be-
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tween comparable market rent for the unit and 
the tenant-paid rent for such unit. 
‘‘(C) AVAILABILITY.—Funds made avail-
able for vouchers pursuant to this paragraph 
shall be subject to the availability of annual ap-
propriations. 
‘‘(D) ADMINISTRATION.—The Secretary 
shall, to the maximum extent practicable, ad-
minister vouchers provided pursuant to this 
paragraph with current regulations and admin-
istrative guidance applicable to housing vouch-
ers under section 8 of the United States Hous-
ing Act of 1937 (42 U.S.C. 1437f) adminis-
tered by the Secretary of Housing and Urban 
Development.’’. 
TITLE III—FHA MORTGAGE IN-
SURANCE 
FOR 
CONDOMIN-
IUMS 
SEC. 301. MODIFICATION OF FHA REQUIREMENTS FOR 
MORTGAGE 
INSURANCE 
FOR 
CONDOMIN-
IUMS. 
Section 203 of the National Housing Act (12 U.S.C. 
1709) is amended by adding at the end the following new 
subsection: 
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‘‘(y) REQUIREMENTS
FOR MORTGAGES
FOR CON-
DOMINIUMS.— 
‘‘(1) PROJECT
RECERTIFICATION
REQUIRE-
MENTS.—Notwithstanding any other law, regulation, 
or guideline of the Secretary, including chapter 2.4 
of the Condominium Project Approval and Proc-
essing Guide of the FHA, the Secretary shall 
streamline the project certification requirements that 
are applicable to the insurance under this section for 
mortgages for condominium projects so that recer-
tifications are substantially less burdensome than 
certifications. The Secretary shall consider length-
ening the time between certifications for approved 
properties, and allowing updating of information 
rather than resubmission. 
‘‘(2) COMMERCIAL
SPACE
REQUIREMENTS.— 
Notwithstanding any other law, regulation, or guide-
line of the Secretary, including chapter 2.1.3 of the 
Condominium Project Approval and Processing 
Guide of the FHA, in providing for exceptions to the 
requirement for the insurance of a mortgage on a 
condominium property under this section regarding 
the percentage of the floor space of a condominium 
property that may be used for nonresidential or com-
mercial purposes, the Secretary shall provide that— 
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‘‘(A) any request for such an exception and 
the determination of the disposition of such re-
quest may be made, at the option of the re-
quester, under the direct endorsement lender 
review and approval process or under the HUD 
review and approval process through the appli-
cable field office of the Department; and 
‘‘(B) in determining whether to allow such 
an exception for a condominium property, fac-
tors relating to the economy for the locality in 
which such project is located or specific to 
project, including the total number of family 
units in the project, shall be considered. 
‘‘(3) TRANSFER
FEES.—Notwithstanding any 
other law, regulation, or guideline of the Secretary, 
including chapter 1.8.8 of the Condominium Project 
Approval and Processing Guide of the FHA and sec-
tion 203.41 of the Secretary’s regulations (24 
C.F.R. 203.41), existing standards of the Federal 
Housing Finance Agency relating to encumbrances 
under private transfer fee covenants shall apply to 
the insurance of mortgages by the Secretary under 
this section to the same extent and in the same 
manner that such standards apply to the pur-
chasing, investing in, and otherwise dealing in mort-
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gages by the Federal National Mortgage Association 
and the Federal Home Loan Mortgage Corporation. 
‘‘(4) OWNER-OCCUPANCY REQUIREMENT.— 
‘‘(A) REDUCTION TO 35 PERCENT.—Except 
as provided in subparagraph (B) of this para-
graph and notwithstanding any other law, regu-
lation, or guideline of the Secretary, in order 
for a condominium project to be acceptable to 
the Secretary for insurance under this section, 
at least 35 percent of all family units (including 
units not covered by FHA-insured mortgages) 
must be occupied by the owners as a principal 
residence or a secondary residence (as such 
terms are defined by the Secretary), or must 
have been sold to owners who intend to meet 
such occupancy requirement. 
‘‘(B) OTHER CONSIDERATIONS.—The Sec-
retary may increase the percentage applicable 
pursuant to subparagraph (A) to a condo-
minium project on a project-by-project basis, 
and in determining such percentage for a 
project shall consider factors relating to the 
economy for the locality in which such project 
is located or specific to project, including the 
total number of family units in the project.’’. 
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TITLE 
IV—HOUSING 
REFORMS 
FOR THE HOMELESS AND FOR 
VETERANS 
SEC. 401. CONTINUUM OF CARE PROGRAM. 
(a) AUTHORITY PRIVATE NONPROFIT ORGANIZA-
TIONS TO ADMINISTER PERMANENT HOUSING RENTAL 
ASSISTANCE.—Subsection (g) of section 423 of the 
McKinney-Vento Homeless Assistance Act (42 U.S.C. 
11383(g)) is amended by inserting ‘‘private nonprofit or-
ganization,’’ after ‘‘unit of general local government,’’. 
(b) REALLOCATION OF FUNDS.—Paragraph (1) of 
section 414(d) of the McKinney-Vento Homeless Assist-
ance Act (42 U.S.C. 11373(d)(1)) is amended by striking 
‘‘twice’’ and inserting ‘‘once’’. 
(c) DEFINITION OF GEOGRAPHIC AREAS.—Subtitle C 
of the McKinney-Vento Homeless Assistance Act is 
amended— 
(1) by redesignating sections 432 and 433 (42 
U.S.C. 11387, 11388) as sections 433 and 434, re-
spectively; and 
(2) by inserting after section 431 (42 U.S.C. 
11386e) the following new section: 
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‘‘SEC. 432. GEOGRAPHIC AREAS. 
‘‘(a) REQUIREMENT TO DEFINE.—For purposes of 
this subtitle, the term ‘geographic area’ shall have such 
meaning as the Secretary shall by notice provide. 
‘‘(b) ISSUANCE OF NOTICE.—Not later than the expi-
ration of the 90-day period beginning on the date of the 
enactment of the Housing Opportunity Through Mod-
ernization Act of 2015, the Secretary shall issue a notice 
setting forth the definition required by subsection (a).’’. 
SEC. 402. INCLUSION OF PUBLIC HOUSING AGENCIES AND 
LOCAL REDEVELOPMENT AUTHORITIES IN 
EMERGENCY SOLUTIONS GRANTS. 
Section 414(c) of the McKinney-Vento Homeless As-
sistance Act (42 U.S.C. 11373(c)) is amended— 
(1) in the subsection heading, by inserting ‘‘, 
PUBLIC HOUSING AGENCIES, AND LOCAL REDEVEL-
OPMENT
AUTHORITIES’’ after ‘‘ORGANIZATIONS’’; 
and 
(2) in the first sentence, by inserting before the 
period at the end the following: ‘‘, to public housing 
agencies (as defined under section 3(b)(6) of the 
United States Housing Act of 1937), or to local re-
development authorities (as defined under State 
law)’’. 
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SEC. 403. SPECIAL ASSISTANT FOR VETERANS AFFAIRS IN 
THE DEPARTMENT OF HOUSING AND URBAN 
DEVELOPMENT. 
(a) TRANSFER OF POSITION TO OFFICE OF THE SEC-
RETARY.—Section 4 of the Department of Housing and 
Urban Development Act (42 U.S.C. 3533) is amended by 
adding at the end the following new subsection: 
‘‘(h) SPECIAL
ASSISTANT
FOR
VETERANS
AF-
FAIRS.— 
‘‘(1) POSITION.—There shall be in the Office of 
the Secretary a Special Assistant for Veterans Af-
fairs, who shall report directly to the Secretary. 
‘‘(2) APPOINTMENT.—The Special Assistant for 
Veterans Affairs shall be appointed based solely on 
merit and shall be covered under the provisions of 
title 5, United States Code, governing appointments 
in the competitive service. 
‘‘(3) RESPONSIBILITIES.—The Special Assist-
ant for Veterans Affairs shall be responsible for— 
‘‘(A) ensuring veterans have fair access to 
housing and homeless assistance under each 
program of the Department providing either 
such assistance; 
‘‘(B) coordinating all programs and activi-
ties of the Department relating to veterans; 
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‘‘(C) serving as a liaison for the Depart-
ment with the Department of Veterans Affairs, 
including establishing and maintaining relation-
ships with the Secretary of Veterans Affairs; 
‘‘(D) serving as a liaison for the Depart-
ment, and establishing and maintaining rela-
tionships with the United States Interagency 
Council on Homelessness and officials of State, 
local, regional, and nongovernmental organiza-
tions concerned with veterans; 
‘‘(E) providing information and advice re-
garding— 
‘‘(i) sponsoring housing projects for 
veterans assisted under programs adminis-
tered by the Department; or 
‘‘(ii) assisting veterans in obtaining 
housing or homeless assistance under pro-
grams administered by the Department; 
‘‘(F) coordinating with the Secretary of 
Housing and Urban Development and the Sec-
retary of Veterans Affairs in carrying out sec-
tion 404 of the Housing Opportunity Through 
Modernization Act of 2015; and 
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‘‘(G) carrying out such other duties as may 
be assigned to the Special Assistant by the Sec-
retary or by law.’’. 
(b) TRANSFER OF POSITION IN OFFICE OF DEPUTY 
ASSISTANT SECRETARY FOR SPECIAL NEEDS.—On the 
date that the initial Special Assistant for Veterans Affairs 
is appointed pursuant to section 4(h)(2) of the Depart-
ment of Housing and Urban Development Act, as added 
by subsection (a) of this section, the position of Special 
Assistant for Veterans Programs in the Office of the Dep-
uty Assistant Secretary for Special Needs of the Depart-
ment of Housing and Urban Development shall be termi-
nated. 
SEC. 404. ANNUAL SUPPLEMENTAL REPORT ON VETERANS 
HOMELESSNESS. 
(a) IN GENERAL.—The Secretary of Housing and 
Urban Development and the Secretary of Veterans Af-
fairs, in coordination with the United States Interagency 
Council on Homelessness, shall submit annually to the 
Committees of the Congress specified in subsection (b), 
together with the annual reports required by such Secre-
taries under section 203(c)(1) of the McKinney-Vento 
Homeless Assistance Act (42 U.S.C. 11313(c)(1)), a sup-
plemental report that includes the following information 
with respect to the preceding year: 
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(1) The same information, for such preceding 
year, that was included with respect to 2010 in the 
report by the Secretary of Housing and Urban De-
velopment and the Secretary of Veterans Affairs en-
titled ‘‘Veterans Homelessness: A Supplemental Re-
port to the 2010 Annual Homeless Assessment Re-
port to Congress’’. 
(2) Information regarding the activities of the 
Department of Housing and Urban Development re-
lating to veterans during such preceding year, as fol-
lows: 
(A) The number of veterans provided as-
sistance under the housing choice voucher pro-
gram for Veterans Affairs supported housing 
under section 8(o)(19) of the United States 
Housing Act of 1937 (42 U.S.C. 1437f(o)(19)), 
the socioeconomic characteristics of such home-
less veterans, and the number, types, and loca-
tions of entities contracted under such section 
to administer the vouchers. 
(B) A summary description of the special 
considerations made for veterans under public 
housing agency plans submitted pursuant to 
section 5A of the United States Housing Act of 
1937 (42 U.S.C. 1437c–1) and under com-
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prehensive housing affordability strategies sub-
mitted pursuant to section 105 of the Cranston- 
Gonzalez National Affordable Housing Act (42 
U.S.C. 12705). 
(C) A description of the activities of the 
Special Assistant for Veterans Affairs of the 
Department of Housing and Urban Develop-
ment. 
(D) A description of the efforts of the De-
partment of Housing and Urban Development 
and the other members of the United States 
Interagency Council on Homelessness to coordi-
nate the delivery of housing and services to vet-
erans. 
(E) The cost to the Department of Hous-
ing and Urban Development of administering 
the programs and activities relating to veterans. 
(F) Any other information that the Sec-
retary of Housing and Urban Development and 
the Secretary of Veterans Affairs consider rel-
evant in assessing the programs and activities 
of the Department of Housing and Urban De-
velopment relating to veterans. 
(b) COMMITTEES.—The Committees of the Congress 
specified in this subsection are as follows: 
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(1) The Committee on Banking, Housing, and 
Urban Affairs of the Senate. 
(2) The Committee on Veterans’ Affairs of the 
Senate. 
(3) The Committee on Appropriations of the 
Senate. 
(4) The Committee on Financial Services of the 
House of Representatives. 
(5) The Committee on Veterans’ Affairs of the 
House of Representatives. 
(6) The Committee on Appropriations of the 
House of Representatives. 
TITLE V—MISCELLANEOUS 
SEC. 501. INCLUSION OF DISASTER HOUSING ASSISTANCE 
PROGRAM IN CERTAIN FRAUD AND ABUSE 
PREVENTION MEASURES. 
The Disaster Housing Assistance Program adminis-
tered by the Department of Housing and Urban Develop-
ment shall be considered a ‘‘program of the Department 
of Housing and Urban Development’’ under section 904 
of the Stewart B. McKinney Homeless Assistance Amend-
ments Act of 1988 (42 U.S.C. 3544) for the purpose of 
income verifications. 
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SEC. 502. AMENDMENTS TO LOW-INCOME HOUSING PRES-
ERVATION AND RESIDENT HOMEOWNERSHIP 
ACT OF 1990. 
(a) DISTRIBUTIONS AND RESIDUAL RECEIPTS.—Sec-
tion 222 of the Low-Income Housing Preservation and 
Resident Homeownership Act of 1990 (12 U.S.C. 4112) 
is amended by adding at the end the following new sub-
section: 
‘‘(e) DISTRIBUTION AND RESIDUAL RECEIPTS.— 
‘‘(1) AUTHORITY.—After the date of the enact-
ment of the Housing Opportunity Through Mod-
ernization Act of 2015, the owner of a property sub-
ject to a plan of action or use agreement pursuant 
to this section shall be entitled to distribute— 
‘‘(A) annually, all surplus cash generated 
by the property, but only if the owner is in ma-
terial compliance with such use agreement in-
cluding compliance with prevailing physical con-
dition standards established by the Secretary; 
and 
‘‘(B) notwithstanding any conflicting provi-
sion in such use agreement, any funds accumu-
lated in a residual receipts account, but only if 
the owner is in material compliance with such 
use agreement and has completed, or set aside 
sufficient funds for completion of, any capital 
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repairs identified by the most recent third party 
capital needs assessment. 
‘‘(2) OPERATION
OF
PROPERTY.—An owner 
that distributes any amounts pursuant to paragraph 
(1) shall— 
‘‘(A) continue to operate the property in 
accordance with the affordability provisions of 
the use agreement for the property for the re-
maining useful life of the property; 
‘‘(B) as required by the plan of action for 
the property, continue to renew or extend any 
project-based rental assistance contract for a 
term of not less than 20 years; and 
‘‘(C) if the owner has an existing multi- 
year project-based rental assistance contract for 
less than 20 years, have the option to extend 
the contract to a 20-year term.’’. 
(b) FUTURE FINANCING.—Section 214 of the Low- 
Income Housing Preservation and Resident Homeowner-
ship Act of 1990 (12 U.S.C. 4104) is amended by adding 
at the end the following new subsection: 
‘‘(c) FUTURE FINANCING.—Neither this section, nor 
any plan of action or use agreement implementing this 
section, shall restrict an owner from obtaining a new loan 
or refinancing an existing loan secured by the project, or 
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from distributing the proceeds of such a loan; except that, 
in conjunction with such refinancing— 
‘‘(1) the owner shall provide for adequate reha-
bilitation pursuant to a capital needs assessment to 
ensure long-term sustainability of the property satis-
factory to the lender or bond issuance agency; 
‘‘(2) any resulting budget-based rent increase 
shall include debt service on the new financing, com-
mercially reasonable debt service coverage, and re-
placement reserves as required by the lender; and 
‘‘(3) for tenants of dwelling units not covered 
by a project- or tenant-based rental subsidy, any 
rent increases resulting from the refinancing trans-
action may not exceed 10 percent per year, except 
that— 
‘‘(A) any tenant occupying a dwelling unit 
as of time of the refinancing may not be re-
quired to pay for rent and utilities, for the du-
ration of such tenancy, an amount that exceeds 
the greater of— 
‘‘(i) 30 percent of the tenant’s income; 
or 
‘‘(ii) the amount paid by the tenant 
for rent and utilities immediately before 
such refinancing; and 
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‘‘(B) this paragraph shall not apply to any 
tenant who does not provide the owner with 
proof of income. 
Paragraph (3) may not be construed to limit any rent in-
creases resulting from increased operating costs for a 
project.’’. 
(c) IMPLEMENTATION.—The Secretary of Housing 
and Urban Development shall issue any guidance that the 
Secretary considers necessary to carry out the provisions 
added by the amendments made by subsections (a) and 
(b) not later than the expiration of the 120-day period 
beginning on the date of the enactment of this Act. 
SEC. 503. BUDGET-NEUTRAL DEMONSTRATION PROGRAM 
FOR ENERGY AND WATER CONSERVATION IM-
PROVEMENTS AT MULTIFAMILY RESIDEN-
TIAL UNITS. 
(a) ESTABLISHMENT.—The Secretary of Housing 
and Urban Development (in this section referred to as the 
‘‘Secretary’’) shall establish a demonstration program 
under which the Secretary may execute budget-neutral, 
performance-based agreements in fiscal years 2016 
through 2019 that result in a reduction in energy or water 
costs with such entities as the Secretary determines to be 
appropriate under which the entities shall carry out 
projects for energy or water conservation improvements at 
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not more than 20,000 residential units in multifamily 
buildings participating in— 
(1) the project-based rental assistance program 
under section 8 of the United States Housing Act of 
1937 (42 U.S.C. 1437f), other than assistance pro-
vided under section 8(o) of that Act; 
(2) the supportive housing for the elderly pro-
gram under section 202 of the Housing Act of 1959 
(12 U.S.C. 1701q); or 
(3) the supportive housing for persons with dis-
abilities program under section 811(d)(2) of the 
Cranston-Gonzalez National Affordable Housing Act 
(42 U.S.C. 8013(d)(2)). 
(b) REQUIREMENTS.— 
(1) PAYMENTS CONTINGENT ON SAVINGS.— 
(A) IN
GENERAL.—The Secretary shall 
provide to an entity a payment under an agree-
ment under this section only during applicable 
years for which an energy or water cost savings 
is achieved with respect to the applicable multi-
family portfolio of properties, as determined by 
the Secretary, in accordance with subparagraph 
(B). 
(B) PAYMENT METHODOLOGY.— 
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(i) IN
GENERAL.—Each agreement 
under this section shall include a pay-for- 
success provision that— 
(I) shall serve as a payment 
threshold for the term of the agree-
ment; and 
(II) requires that payments shall 
be contingent on realized cost savings 
associated with reduced utility con-
sumption in the participating prop-
erties. 
(ii) LIMITATIONS.—A payment made 
by the Secretary under an agreement 
under this section— 
(I) shall be contingent on docu-
mented utility savings; and 
(II) shall not exceed the utility 
savings achieved by the date of the 
payment, and not previously paid, as 
a result of the improvements made 
under the agreement. 
(C) THIRD-PARTY VERIFICATION.—Savings 
payments made by the Secretary under this sec-
tion shall be based on a measurement and 
verification protocol that includes at least— 
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(i) establishment of a weather-normal-
ized and occupancy-normalized utility con-
sumption baseline established pre-retrofit; 
(ii) annual third-party confirmation of 
actual utility consumption and cost for 
utilities; 
(iii) annual third-party validation of 
the tenant utility allowances in effect dur-
ing the applicable year and vacancy rates 
for each unit type; and 
(iv) annual third-party determination 
of savings to the Secretary. 
An agreement under this section with an entity 
shall provide that the entity shall cover costs 
associated with third-party verification under 
this subparagraph. 
(2) TERMS
OF
PERFORMANCE-BASED
AGREE-
MENTS.—A performance-based agreement under this 
section shall include— 
(A) the period that the agreement will be 
in effect and during which payments may be 
made, which may not be longer than 12 years; 
(B) the performance measures that will 
serve as payment thresholds during the term of 
the agreement; 
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(C) an audit protocol for the properties 
covered by the agreement; 
(D) a requirement that payments shall be 
contingent on realized cost savings associated 
with reduced utility consumption in the partici-
pating properties; and 
(E) such other requirements and terms as 
determined to be appropriate by the Secretary. 
(3) 
ENTITY
ELIGIBILITY.—The 
Secretary 
shall— 
(A) establish a competitive process for en-
tering into agreements under this section; and 
(B) enter into such agreements only with 
entities that, either jointly or individually, dem-
onstrate significant experience relating to— 
(i) financing or operating properties 
receiving assistance under a program iden-
tified in subsection (a); 
(ii) oversight of energy or water con-
servation programs, including oversight of 
contractors; and 
(iii) raising capital for energy or 
water conservation improvements from 
charitable organizations or private inves-
tors. 
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(4) GEOGRAPHICAL
DIVERSITY.—Each agree-
ment entered into under this section shall provide 
for the inclusion of properties with the greatest fea-
sible regional and State variance. 
(5) PROPERTIES.—A property may only be in-
cluded in the demonstration under this section only 
if the property is subject to affordability restrictions 
for at least 15 years after the date of the completion 
of any conservation improvements made to the prop-
erty under the demonstration program. Such restric-
tions may be made through an extended affordability 
agreement for the property under a new housing as-
sistance payments contract with the Secretary of 
Housing and Urban Development or through an en-
forceable covenant with the owner of the property. 
(c) PLAN AND REPORTS.— 
(1) PLAN.—Not later than 90 days after the 
date of enactment of this Act, the Secretary shall 
submit to the Committees on Appropriations and Fi-
nancial Services of the House of Representatives and 
the Committees on Appropriations and Banking, 
Housing, and Urban Affairs of the Senate a detailed 
plan for the implementation of this section. 
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(2) REPORTS.—Not later than 1 year after the 
date of enactment of this Act, and annually there-
after, the Secretary shall— 
(A) conduct an evaluation of the program 
under this section; and 
(B) submit to Congress a report describing 
each evaluation conducted under subparagraph 
(A). 
(d) FUNDING.—For each fiscal year during which an 
agreement under this section is in effect, the Secretary 
may use to carry out this section any funds appropriated 
to the Secretary for the renewal of contracts under a pro-
gram described in subsection (a). 
SEC. 504. ENERGY EFFICIENCY REQUIREMENTS UNDER 
SELF-HELP HOMEOWNERSHIP OPPORTUNITY 
PROGRAM. 
Section 11 of the Housing Opportunity Program Ex-
tension Act of 1996 (42 U.S.C. 12805 note) is amended 
by inserting after subsection (f) the following new sub-
section: 
‘‘(g) ENERGY EFFICIENCY REQUIREMENTS.—The 
Secretary may not require any dwelling developed using 
amounts from a grant made under this section to meet 
any energy efficiency standards other than the standards 
applicable at such time pursuant to section 109 of the 
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Cranston-Gonzalez National Affordable Housing Act (42 
U.S.C. 12709) to housing specified in subsection (a) of 
such section.’’. 
SEC. 505. DATA EXCHANGE STANDARDIZATION FOR IM-
PROVED INTEROPERABILITY. 
(a) DATA EXCHANGE STANDARDIZATION.—Title I of 
the United States Housing Act of 1937 (42 U.S.C. 1437 
et seq.), as amended by the preceding provisions of this 
Act, is further amended by adding at the end the following 
new section: 
‘‘SEC. 38. DATA EXCHANGE STANDARDS FOR IMPROVED 
INTEROPERABILITY. 
‘‘(a) DESIGNATION.—The Secretary shall, in con-
sultation with an interagency work group established by 
the Office of Management and Budget, and considering 
State government perspectives, designate data exchange 
standards to govern, under this Act— 
‘‘(1) necessary categories of information that 
State agencies operating related programs are re-
quired under applicable law to electronically ex-
change with another State agency; and 
‘‘(2) Federal reporting and data exchange re-
quired under applicable law. 
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‘‘(b) REQUIREMENTS.—The data exchange standards 
required by subsection (a) shall, to the maximum extent 
practicable— 
‘‘(1) incorporate a widely accepted, nonpropri-
etary, searchable, computer-readable format, such as 
the eXtensible Markup Language; 
‘‘(2) contain interoperable standards developed 
and maintained by intergovernmental partnerships, 
such as the National Information Exchange Model; 
‘‘(3) incorporate interoperable standards devel-
oped and maintained by Federal entities with au-
thority over contracting and financial assistance; 
‘‘(4) be consistent with and implement applica-
ble accounting principles; 
‘‘(5) be implemented in a manner that is cost- 
effective and improves program efficiency and effec-
tiveness; and 
‘‘(6) be capable of being continually upgraded 
as necessary. 
‘‘(c) RULES OF CONSTRUCTION.—Nothing in this 
section requires a change to existing data exchange stand-
ards for Federal reporting found to be effective and effi-
cient.’’. 
(b) APPLICABILITY.— 
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(1) IN GENERAL.—Not later than 2 years after 
the date of the enactment of this Act, the Secretary 
of Housing and Urban Development shall issue a 
proposed rule to carry out the amendments made by 
subsection (a). 
(2) REQUIREMENTS.—The rule shall— 
(A) identify federally required data ex-
changes; 
(B) include specification and timing of ex-
changes to be standardized; 
(C) address the factors used in deter-
mining whether and when to standardize data 
exchanges; 
(D) specify State implementation options; 
and 
(E) describe future milestones. 
Æ 
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