I 
110TH CONGRESS 
2D SESSION 
H. R. 6249 
To establish a direct loan program for providing energy efficiency 
improvements for single family housing, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 12, 2008 
Mr. KUHL of New York introduced the following bill; which was referred to 
the Committee on Financial Services 
A BILL 
To establish a direct loan program for providing energy 
efficiency improvements for single family housing, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Helping Home Owners 
Make Energy-Efficiency Residential Upgrades Now Act of 
2008’’ or the ‘‘H–HOMERUN Act of 2008’’. 
SEC. 2. RESIDENTIAL ENERGY EFFICIENCY DIRECT LOAN 
PROGRAM. 
(a) ESTABLISHMENT.—The Secretary of Housing 
and Urban Development (in this Act referred to as the 
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‘‘Secretary’’) shall establish and implement a program to 
make direct loans, to the extent amounts are provided for 
costs of such loans pursuant to subsection (f), for pro-
viding energy efficiency improvements for single family 
housing. 
(b) USE
OF LOAN FUNDS.—A direct loan made 
under this section may be made for the costs of the acqui-
sition or installation, or both the acquisition and installa-
tion, as applicable, of any energy efficiency improvement, 
including— 
(1) a solar heating system; 
(2) a solar cooling system; 
(3) the application of a residential energy con-
servation measure; 
(4) a photovoltaic energy system; 
(5) a geothermal heat pump system; 
(6) a residential wind turbine; 
(7) a ‘‘green roof’’ (a roof of a building that is 
partially or completely covered with vegetation and 
soil, or a growing medium, planted over a water-
proofing membrane); and 
(8) any cost-effective energy efficiency improve-
ment eligible to be financed under a mortgage in-
sured under the Energy Efficient Mortgage program 
established by section 513 of the Housing and Com-
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munity Development Act of 1992 (42 U.S.C. 12712 
note) and expanded pursuant to section 513(b) of 
such Act. 
(c) LOAN ELIGIBILITY REQUIREMENTS.— 
(1) CONTRACT REQUIREMENT.—The Secretary 
may make a direct loan under this section only if the 
Secretary has entered into a contract with a bor-
rower setting forth the terms of the loan. 
(2) REPAYMENT
REQUIREMENT.—The Sec-
retary shall require full repayment of the principal 
amount of the loan. 
(3) INTEREST RATE.—Loans made under this 
section shall bear interest at a rate that is— 
(A) fixed over the term of the loan; 
(B) at least 2 percentage points less than 
the average rate available from a private source 
for a comparable loan at the time of the making 
of the loan; and 
(C) subject to such other requirements or 
limitations as the Secretary may prescribe. 
(4) INVESTMENT REQUIREMENT.—A borrower 
shall pay on account of the energy efficiency im-
provements for which the loan is made at least 5 
percent of the Secretary’s estimate of the cost of ac-
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quisition, installation, or both acquisition and instal-
lation, as applicable, in cash or its equivalent. 
(5) CREDIT UNDERWRITING STANDARDS.—The 
Secretary shall establish credit underwriting stand-
ards to evaluate the eligibility of borrowers to receive 
loans under this section. 
(6) SECURITY FOR LOAN.—The Secretary shall 
determine the reasonable value of the interest in 
property that will serve as security for a direct loan 
made under this section and shall establish proce-
dures for appraisals upon which the Secretary may 
base such determinations. 
(7) 
REPAYMENT
SCHEDULE.—Direct 
loans 
made under this section shall be repaid in monthly 
installments. 
(8) PRINCIPAL RESIDENCE REQUIREMENT.—A 
direct loan made pursuant to this section shall be 
used only for providing energy efficiency improve-
ments for the principal residence of the borrower. 
(9) OTHER TERMS.—Direct loans made under 
this section shall be subject to such other terms, 
conditions, and restrictions as the Secretary may re-
quire. 
(d) ENERGY EFFICIENCY REQUIREMENTS.— 
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