(g) 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. USE OF RESIDUAL RECEIPTS AND RESERVE FOR 
REPLACEMENTS FUNDS FOR GREEN RETRO-
FITS 
OF 
FEDERALLY 
ASSISTED 
RENTAL 
HOUSING. 
(a) AUTHORITY.—The Secretary shall carry out a 
program under this section to make loans funded from re-
sidual receipts to owners of federally assisted housing 
projects for undertaking green retrofit measures for such 
housing and to encourage the broader use of reserve for 
replacements funds to pay for the costs of green retrofit 
measures for such housing. 
(b) GREEN RETROFIT MEASURES.—For purposes of 
this section, a green retrofit measure with respect to a 
federally assisted housing project shall be any measure for 
rehabilitation, renovation, retrofit, improvement, or alter-
ation for the project that— 
(1) is designed to reduce utility consumption, 
including water, gas, and electricity, or increase en-
ergy efficiency, for the project; 
(2) provides a renewable energy system for the 
project that generates energy from a naturally re-
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plenished energy source or sources, such as sunlight, 
wind, rain, tides, which shall include hydroelectricity, 
biomass, cogeneration, and new renewable tech-
nologies that have yet to be developed; or 
(3) is designed to improve indoor air quality or 
occupant health and safety, which shall include 
measures reducing the potential for mold and other 
allergens, measures improving fresh air ventilation, 
and installation of carbon monoxide sensors not re-
quired by local codes. 
(c) TERMS OF LOANS FUNDED FROM RESIDUAL RE-
CEIPTS AND WITHDRAWALS FROM RESERVE FOR RE-
PLACEMENTS
FUNDS
FOR
GREEN
RETROFIT
MEAS-
URES.—Loans under this section and withdrawals from 
reserve for replacements funds under this section shall be 
subject to such terms and conditions as the Secretary shall 
establish, which shall include the following: 
(1) USE.—Any loan amounts received, or with-
drawals from reserve for replacements funds, may be 
used only for green retrofit measures set forth in the 
application approved by the Secretary pursuant to 
subsection (d)(1). 
(2) AMOUNT.—The amount of any loan, or 
withdrawal from reserve for replacements funds, for 
any federally assisted housing project may not ex-
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ceed the amount necessary to carry out the green 
retrofit measures set forth in the approved applica-
tion. 
(3) LOAN TERM AND INTEREST RATE.—Each 
loan funded from residual receipts shall have a term 
to maturity that is satisfactory to the Secretary and 
shall bear interest at a rate that is satisfactory to 
the Secretary. 
(d) OTHER REQUIREMENTS.— 
(1) APPLICATION AND SELECTION.—The Sec-
retary shall establish requirements for owners of fed-
erally assisted housing projects to apply for loans to 
be funded from residual receipts and to apply for the 
use of reserve for replacements funds under this sec-
tion and shall select among such applications based 
upon selection criteria, which the Secretary shall es-
tablish. 
(2) REPORTING.— 
(A) TO SECRETARY.—The Secretary shall 
require each owner of a federally assisted hous-
ing project for which a loan is provided under 
this section, or for which the Secretary ap-
proves the use of reserve for replacements funds 
for green retrofit measures pursuant to this 
section, to submit to the Secretary such reports 
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regarding the green retrofit measures under-
taken for the project in accordance with such 
requirements as the Secretary shall establish. 
(B) TO CONGRESS.—The Secretary shall 
submit reports to the Congress describing the 
implementation and operation of the loan pro-
gram under this section, as follows: 
(i) INITIAL REPORT.—The Secretary 
shall submit a report describing the initial 
implementation and operation of the pro-
gram not later than the expiration of the 
180-day period beginning upon the date of 
the enactment of this Act. 
(ii) ANNUAL
REPORTS.—Not later 
than the expiration of the 12-month period 
that begins upon the expiration of the pe-
riod specified clause (i), and upon the expi-
ration of each successive 12-month period 
thereafter, the Secretary shall submit a re-
port describing the ongoing operation of 
the program. 
(e) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) 
FEDERALLY
ASSISTED
HOUSING 
PROJECT.—The term ‘‘federally assisted housing 
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project’’ means any multifamily rental housing 
project for which any rental assistance, mortgage in-
surance, subsidy, or other financial assistance is pro-
vided by the Secretary. 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Housing and Urban Development. 
(f) FUNDING.— 
(1) PROJECT
RESIDUAL
RECEIPTS.—Notwith-
standing any other provision of law, regulation, or 
administrative requirement to the contrary, the Sec-
retary may authorize the withdrawal of residual re-
ceipts in the residual receipts account of a federally 
assisted housing project, in any amount that the 
Secretary determines is not needed, and will not be 
needed, during the term of the use restrictions appli-
cable to the project to ensure the project’s afford-
ability, for costs (as such term is defined in section 
502 of the Federal Credit Reform Act of 1990 (2 
U.S.C. 661a)) of a loan under this section to the 
owner of such federally assisted housing project, 
which loan may be for such federally assisted hous-
ing project or for another federally assisted housing 
project also owned by such owner. 
(2) RESIDUAL RECEIPTS UPON EXPIRATION OF 
FEDERAL ASSISTANCE.—Notwithstanding any other 
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provision of law, regulation, or administrative re-
quirement to the contrary, any funds remaining in 
the residual receipts account of a federally assisted 
housing project upon the expiration or termination 
of the Federal assistance received by such project 
that are returned, or are required to be returned, to 
the Secretary under any under Federal law, regula-
tion or administrative requirement may be used by 
the Secretary for costs (as such term is defined in 
section 502 of the Federal Credit Reform Act of 
1990 (2 U.S.C. 661a)) of loans under this section to 
any federally assisted housing project. 
(3) PROJECT
RESERVE
FOR
REPLACEMENTS 
FUNDS.—Notwithstanding any other provision of 
law, regulation, or administrative requirement to the 
contrary, the Secretary may authorize the owner of 
a federally assisted housing project to make with-
drawals from the reserve for replacements fund of a 
federally assisted housing project, in any amount 
that the Secretary deems necessary or appropriate, 
to fund green retrofit measures for such federally 
assisted housing project or for another federally as-
sisted housing project owned by such owner. 
(g) REGULATIONS.—Not later than the expiration of 
the 180-day period beginning on the date of the enactment 
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of this Act, the Secretary shall issue any regulations nec-
essary to carry out this section. 
SEC. 5. STUDY ON EXEMPTION FROM BUILDING CODES TO 
ALLOW DISTRIBUTIVE ENERGY GENERATION 
MEASURES AND WATER EFFICIENCY MEAS-
URES. 
(a) STUDY.—The Comptroller General of the United 
States shall conduct a study to analyze and determine the 
benefits of establishing a statutory exemption under Fed-
eral law from compliance with provisions of State and local 
building codes that do not affect the health or safety of 
residents of multifamily housing assisted by the Depart-
ment of Housing and Urban Development to enable and 
encourage the construction and installation in such 
projects of distributive energy generation measures and 
water efficiency measures. 
(b) PROVISION OF INFORMATION TO ENERGY INFOR-
MATION
ADMINISTRATION.—The Comptroller General 
shall provide any information collected in conducting the 
study under this section to the Secretary of Energy to sup-
plement information collected and maintained by the En-
ergy Information Administration of the Department of 
Energy regarding residential energy consumption. 
(c) REPORT.—Not later than the expiration of the 6- 
month period beginning on the date of the enactment of 
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this Act, the Comptroller General shall submit a report 
to the Congress and to the Secretary of Energy setting 
forth the results and conclusions of the study under this 
section. 
SEC. 6. REPORTS ON UTILITY CONSUMPTION FOR HUD-AS-
SISTED MULTIFAMILY PROJECTS. 
(a) IN GENERAL.—To assist the Secretary of Hous-
ing and Urban Development in determining how and 
where to undertake energy and other utility efficiency 
measures, the Secretary shall, by regulation, require each 
owner of an assisted multifamily housing project to report 
regularly to the Secretary regarding consumption by the 
project of electricity, water, gas, and other utilities. 
(b) ANNUAL REPORT
BY SECRETARY.—The Sec-
retary shall compile the information received pursuant to 
subsection (a) and submit a report to the Congress and 
the Energy Information Administration annually regard-
ing total utility consumption by assisted multifamily hous-
ing projects. The report shall include all non-aggregated 
data submitted to the Secretary pursuant to subsection 
(a). 
(c) ASSISTED MULTIFAMILY HOUSING PROJECT.— 
For purposes of this section, the term ‘‘assisted multi-
family housing project’’ means any multifamily housing 
project that is— 
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(1) provided project-based assistance under sec-
tion 8 of the United States Housing Act of 1937, in-
cluding new construction and substantial rehabilita-
tion projects; 
(2) assisted under section 202 of the Housing 
Act of 1959 (as amended by section 801 of the 
Cranston-Gonzalez National Affordable Housing 
Act); 
(3) assisted under section 202 of the Housing 
Act of 1959, as such section existed before the en-
actment of the Cranston-Gonzalez National Afford-
able Housing Act; 
(4) assisted under section 811 of the Cranston- 
Gonzalez National Affordable Housing Act; 
(5) financed by a loan or mortgage insured 
under section 221(d)(3) of the National Housing Act 
that bears interest at a rate determined under the 
proviso of section 221(d)(5) of such Act; or 
(6) insured, assisted, or held by the Secretary 
or a State or State agency under section 236 of the 
National Housing Act. 
Æ 
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