Private Investment in Housing Act of 2015

Bill: 114-hr-2997
Sponsor: Rep. Ross, Dennis A. [R-FL-15]
Introduced: 2015-07-09 in the House
Policy area: Housing and Community Development
Subjects: Congressional oversight
Energy efficiency and conservation
Environmental technology
Housing and community development funding
Housing for the elderly and disabled
Low- and moderate-income housing
Public housing
Residential rehabilitation and home repair
Water use and supply

Summary:
action_date: 2015-07-09
text: 

Private Investment in Housing Act of 2015

 
Directs the Secretary of Housing and Urban Development (HUD) to establish a demonstration program under which, in FY2016 through FY2019, the Secretary may execute budget-neutral, performance-based agreements (for up to 12 years each) that result in a reduction in energy or water costs with appropriate entities to carry out projects for energy or water conservation improvements at up to 20,000 residential units in multifamily buildings participating in:
 
 
Section 8 project-based rental assistance programs under the United States Housing Act of 1937, other than Section 8 (voucher program) assistance;
 
supportive housing for the elderly programs under the Housing Act of 1959; or
 
supportive housing for persons with disabilities programs under the Cranston-Gonzalez National Affordable Housing Act.
 
 
Specifies requirements for payment under an agreement, which shall be contingent on documented utility savings, as well as for agreement terms, eligibility, geographical diversity, and funding for the program.
 
Limits this demonstration program to properties subject to affordability restrictions, which may be through an affordability agreement under a new housing assistance payments contract with HUD, or through an enforceable covenant with the property owner, for at least 15 years after completion of any conservation improvements made under the program. 
Requires the Secretary to submit to specified congressional committees a detailed plan for the implementation of this Act.

action_date: 2015-07-14
text: 
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
 

Private Investment in Housing Act of 2015

 
(Sec. 2) Directs the Department of Housing and Urban Development (HUD) to establish a demonstration program under which, in FY2016 through FY2019, HUD may execute budget-neutral, performance-based agreements (for up to 12 years each) that result in a reduction in energy or water costs with appropriate entities to carry out projects for energy or water conservation improvements at up to 20,000 residential units in multifamily buildings participating in:
 
 
Section 8 project-based rental assistance programs under the United States Housing Act of 1937, other than Section 8 (voucher program) assistance;
 
supportive housing for the elderly programs under the Housing Act of 1959; or
 
supportive housing for persons with disabilities programs under the Cranston-Gonzalez National Affordable Housing Act.
 
 
Specifies requirements for payment under an agreement, which shall be contingent on documented utility savings, as well as for agreement terms, eligibility, geographical diversity, and funding for the program.
 
Limits this demonstration program to properties subject to affordability restrictions, which may be through an affordability agreement under a new housing assistance payments contract with HUD, or through an enforceable covenant with the property owner, for at least 15 years after completion of any conservation improvements made under the program. 
Requires HUD to submit to specified congressional committees a detailed plan for the implementation of this Act.
 
Authorizes HUD, for each fiscal year during which an agreement is in effect, to use any HUD appropriated funds for the renewal of contracts under the program.


Legislative actions:
action_date: 2015-07-15
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2015-07-14
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2015-07-14
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 28 (Roll no. 436). (text: CR H5135-5136)
action_date: 2015-07-14
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 28 (Roll no. 436).(text: CR H5135-5136)
action_date: 2015-07-14
text: Considered as unfinished business. (consideration: CR H5150-5151)
action_date: 2015-07-14
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2015-07-14
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 2997.
action_date: 2015-07-14
text: Considered under suspension of the rules. (consideration: CR H5135-5137)
action_date: 2015-07-14
text: Mr. Luetkemeyer moved to suspend the rules and pass the bill.
action_date: 2015-07-09
text: Referred to the House Committee on Financial Services.
action_date: 2015-07-09
text: Introduced in House
action_date: 2015-07-09
text: Introduced in House