H. R. 3221—221 
advance amounts or project rental assistance and such 
reductions shall be subject to appeal.’’. 
(c) MCKINNEY-VENTO
ACT
HOMELESS
ASSISTANCE
UNDER 
SHELTER PLUS CARE PROGRAM.— 
(1) TERM OF CONTRACTS WITH OWNER OR LESSOR.—Part 
I of subtitle F of the McKinney-Vento Homeless Assistance 
Act is amended— 
(A) by redesignating sections 462 and 463 (42 U.S.C. 
11403g, 11403h) as sections 463 and 464, respectively; 
(B) by striking ‘‘section 463’’ each place such term 
appears in sections 471, 476, 481, 486, and 488 (42 U.S.C. 
11404, 11405, 11406, 11407, and 11407b) and inserting 
‘‘section 464’’; and 
(C) by inserting after section 461 (42 U.S.C. 11403f) 
the following new section: 
‘‘SEC. 462. TERM OF CONTRACT WITH OWNER OR LESSOR. 
‘‘An applicant under this subtitle may enter into a contract 
with the owner or lessor of a property that receives rental assistance 
under this subtitle having a term of not more than 15 years, 
subject to the availability of sufficient funds provided in appropria-
tion Acts for the purpose of renewing expiring contracts for assist-
ance payments. Such contract may, at the election of the applicant 
and owner or lessor, specify that such contract shall be extended 
for renewal terms of not more than 15 years each, subject to 
the availability of sufficient such appropriated funds.’’. 
(2) PROJECT-BASED RENTAL ASSISTANCE CONTRACTS.—Sec-
tion 478(a) of the McKinney-Vento Homeless Assistance Act 
(42 U.S.C. 11405a(a)) is amended by inserting before the period 
at the end the following: ‘‘; except that, in the case of any 
project for which equity is provided through any low-income 
housing tax credit pursuant to section 42 of the Internal Rev-
enue Code of 1986 (26 U.S.C. 42), if an expenditure of such 
amount for each unit (including the prorated share of such 
work) is required to make the structure decent, safe, and sani-
tary, and the owner agrees to reach initial closing on permanent 
financing from such other sources within two years and agrees 
to carry out the rehabilitation with resources other than assist-
ance under this subtitle within 60 months of notification of 
grant approval, the contract shall be for a term of 10 years 
(except that such period may be extended by up to 1 year 
by the Secretary, which extension shall be granted unless the 
Secretary determines that the sponsor is primarily responsible 
for the failure to meet such deadline)’’. 
(d) DATA COLLECTION ON TENANTS OF HOUSING TAX CREDIT 
PROJECTS.—Title I of the United States Housing Act of 1937 (42 
U.S.C. 1437 et seq.) is amended by adding at the end the following 
new section: 
‘‘SEC. 36. COLLECTION OF INFORMATION ON TENANTS IN TAX CREDIT 
PROJECTS. 
‘‘(a) IN GENERAL.—Each State agency administering tax credits 
under section 42 of the Internal Revenue Code of 1986 (26 U.S.C. 
42) shall furnish to the Secretary of Housing and Urban Develop-
ment, not less than annually, information concerning the race, 
ethnicity, family composition, age, income, use of rental assistance 
under section 8(o) of the United States Housing Act of 1937 or
H. R. 3221—222 
other similar assistance, disability status, and monthly rental pay-
ments of households residing in each property receiving such credits 
through such agency. Such State agencies shall, to the extent fea-
sible, collect such information through existing reporting processes 
and in a manner that minimizes burdens on property owners. 
In the case of any household that continues to reside in the same 
dwelling unit, information provided by the household in a previous 
year may be used if the information is of a category that is not 
subject to change or if information for the current year is not 
readily available to the owner of the property. 
‘‘(b) STANDARDS.—The Secretary shall establish standards and 
definitions for the information collected under subsection (a), pro-
vide States with technical assistance in establishing systems to 
compile and submit such information, and, in coordination with 
other Federal agencies administering housing programs, establish 
procedures to minimize duplicative reporting requirements for prop-
erties assisted under multiple housing programs. 
‘‘(c) PUBLIC AVAILABILITY.—The Secretary shall, not less than 
annually, compile and make publicly available the information sub-
mitted to the Secretary pursuant to subsection (a). 
‘‘(d) AUTHORIZATION OF APPROPRIATIONS.—There is authorized 
to be appropriated for the cost of activities required under sub-
sections (b) and (c) $2,500,000 for fiscal year 2009 and $900,000 
for each of fiscal years 2010 through 2013.’’. 
TITLE IX—MISCELLANEOUS 
SEC. 2901. HOMELESS ASSISTANCE. 
(a) APPROPRIATIONS.—Section 726 of the McKinney-Vento 
Homeless Assistance Act (42 U.S.C. 11435) is amended by striking 
‘‘$70,000,000’’ and all that follows and inserting ‘‘$100,000,000 for 
fiscal year 2009 and such sums as may be necessary for each 
subsequent fiscal year.’’. 
(b) EMERGENCY ASSISTANCE.—Section 722 of the McKinney- 
Vento Homeless Assistance Act (42 U.S.C. 11432) is amended by 
adding at the end the following: 
‘‘(h) SPECIAL RULE FOR EMERGENCY ASSISTANCE.— 
‘‘(1) EMERGENCY ASSISTANCE.— 
‘‘(A) RESERVATION OF AMOUNTS.—Subject to paragraph 
(4) and notwithstanding any other provision of this title, 
the Secretary shall use funds appropriated under section 
726 for fiscal year 2009, but not to exceed $30,000,000, 
for the purposes of providing emergency assistance through 
grants. 
‘‘(B) GENERAL AUTHORITY.—The Secretary shall use the 
funds to make grants to State educational agencies under 
paragraph (2), to enable the agencies to make subgrants 
to local educational agencies under paragraph (3), to pro-
vide activities described in section 723(d) for individuals 
referred to in subparagraph (C). 
‘‘(C) ELIGIBLE
INDIVIDUALS.—Funds made available 
under this subsection shall be used to provide such activi-
ties for eligible individuals, consisting of homeless children 
and youths, and their families, who have become homeless 
due to home foreclosure, including children and youths,
H. R. 3221—223 
and their families, who became homeless when lenders 
foreclosed on properties rented by the families. 
‘‘(2) GRANTS TO STATE EDUCATIONAL AGENCIES.— 
‘‘(A) DISBURSEMENT.—The Secretary shall make grants 
with funds provided under paragraph (1)(A) to State edu-
cational agencies based on need, consistent with the 
number of eligible individuals described in paragraph (1)(C) 
in the States involved, as determined by the Secretary. 
‘‘(B) ASSURANCE.—To be eligible to receive a grant 
under this paragraph, a State educational agency shall 
provide an assurance to the Secretary that the State edu-
cational agency, and each local educational agency 
receiving a subgrant from the State educational agency 
under this subsection shall ensure that the activities car-
ried out under this subsection are consistent with the 
activities described in section 723(d). 
‘‘(3) SUBGRANTS TO LOCAL EDUCATIONAL AGENCIES.—A State 
educational agency that receives a grant under paragraph (2) 
shall use the funds made available through the grant to make 
subgrants to local educational agencies. The State educational 
agency shall make the subgrants to local educational agencies 
based on need, consistent with the number of eligible individ-
uals described in paragraph (1)(C) in the areas served by the 
local educational agencies, as determined by the State edu-
cational agency. 
‘‘(4) RESTRICTION.—The Secretary— 
‘‘(A) shall determine the amount (if any) by which 
the funds appropriated under section 726 for fiscal year 
2009 exceed $70,000,000; and 
‘‘(B) may only use funds from that amount to carry 
out this subsection.’’. 
SEC. 2902. INCREASING ACCESS AND UNDERSTANDING OF ENERGY 
EFFICIENT MORTGAGES. 
(a) DEFINITION.—As used in this section, the term ‘‘energy 
efficient mortgage’’ has the same meaning as given that term in 
paragraph (24) of section 104 of the Cranston-Gonzalez National 
Affordable Housing Act (42 U.S.C. 12704(24)). 
(b) RECOMMENDATIONS
TO ELIMINATE BARRIERS
TO USE
OF 
ENERGY EFFICIENT MORTGAGES.— 
(1) IN GENERAL.—Not later than 180 days after the date 
of enactment of this section, the Secretary of Housing and 
Urban Development, in conjunction with the Secretary of 
Energy and the Administrator of the Environmental Protection 
Agency, shall consult with the residential mortgage industry 
and States to develop recommendations to eliminate the bar-
riers that exist to increasing the availability, use, and purchase 
of energy efficient mortgages, including such barriers as— 
(A) the lack of reliable and accessible information on 
such mortgages, including estimated energy savings and 
other benefits of energy efficient housing; 
(B) the confusion regarding underwriting requirements 
and differences among various energy efficient mortgage 
programs; 
(C) the complex and time consuming process of securing 
such mortgages;
H. R. 3221—224 
(D) the lack of publicly available research on the 
default risk of such mortgages; and 
(E) the availability of certified or accredited home 
energy rating services. 
(2) REPORT TO CONGRESS.—The Secretary of Housing and 
Urban Development shall submit a report to Congress that— 
(A) summarizes the recommendations developed under 
paragraph (1); and 
(B) includes any recommendations for statutory, regu-
latory, or administrative changes that the Secretary deems 
necessary to institute such recommendations. 
(c) ENERGY EFFICIENT MORTGAGES OUTREACH CAMPAIGN.— 
(1) IN
GENERAL.—The Secretary of Housing and Urban 
Development, in consultation and coordination with the Sec-
retary of Energy, the Administrator of the Environmental 
Protection Agency, and State Energy and Housing Finance 
Directors, shall carry out an education and outreach campaign 
to inform and educate consumers, home builders, residential 
lenders, and other real estate professionals on the availability, 
benefits, and advantages of— 
(A) improved energy efficiency in housing; and 
(B) energy efficient mortgages. 
(2) AUTHORIZATION OF APPROPRIATIONS.—There are author-
ized to be appropriated such sums as are necessary to carry 
out the education and outreach campaign described under para-
graph (1). 
DIVISION C—TAX-RELATED PROVISIONS 
SEC. 3000. SHORT TITLE; ETC. 
(a) SHORT TITLE.—This division may be cited as the ‘‘Housing 
Assistance Tax Act of 2008’’. 
(b) AMENDMENT OF 1986 CODE.—Except as otherwise expressly 
provided, whenever in this division an amendment or repeal is 
expressed in terms of an amendment to, or repeal of, a section 
or other provision, the reference shall be considered to be made 
to a section or other provision of the Internal Revenue Code of 
1986. 
(c) TABLE OF CONTENTS.—The table of contents for this division 
is as follows: 
Sec. 3000. Short title; etc. 
TITLE I—HOUSING TAX INCENTIVES 
Subtitle A—Multi-Family Housing 
PART I—LOW-INCOME HOUSING TAX CREDIT 
Sec. 3001. Temporary increase in volume cap for low-income housing tax credit. 
Sec. 3002. Determination of credit rate. 
Sec. 3003. Modifications to definition of eligible basis. 
Sec. 3004. Other simplification and reform of low-income housing tax incentives. 
Sec. 3005. Treatment of military basic pay. 
PART II—MODIFICATIONS TO TAX-EXEMPT HOUSING BOND RULES 
Sec. 3007. Recycling of tax-exempt debt for financing residential rental projects. 
Sec. 3008. Coordination of certain rules applicable to low-income housing credit and 
qualified residential rental project exempt facility bonds. 
PART III—REFORMS RELATED TO THE LOW-INCOME HOUSING CREDIT AND TAX- 
EXEMPT HOUSING BONDS 
Sec. 3009. Hold harmless for reductions in area median gross income.